The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-26
IN THE STOCK MARKET.
Prices Travelled Considerable Range from
Low Level 10 Top Level.
LONDON DISPOSED 10 SELL AMERICANS
Movement Was Exceedingly DesuI
tory and There Were Several
Reactions During the Day.

New YORK. January 25--Pr.ces Travelled a
considerable range today from the low level
TO the top level. covering from y to /
point for a large number CT socks and
ranging from to about 3la for some OF the
most prominent and most active stocks in
the list Tho number OF stocks which at
any time got point away from last nights
iovel in either direction was small. however
me carly decline in prices was assisted by
Lohdohs disposition TO sell American stocks
which had established declines rang ng up
10 nearly a point in some CT the American
SUCKS peforo the opening hour
ne New York market opened depressed in
s s9rlpatny ana weakness was I1ther acute In
i loahe cases, notably In st. Paul and Brook
~ transit These stocks later IN the day
. ' inc Advance SO that the extreme range
es, wiae, 81. Paui rising 80 from tle Low
gst ana closing at the top VII, lie BrookIyn
i,Inst advanced an extreme 26s
ms mornings decline coming on top Of
su pt 81 YESTERDAY inylied some buying to
pretty promptly after the opening did, The
movement was exceedingly desuitory ana
S snere mere mere frequent reactions during the
cay. whenever speculative support was
" hdrawn in fact, prices we're Inclined fo
SIP back. the mos notable movement n
me day was that OF the southweste ms
Iii ~mien followed q show Of hrmness for sew
ssrai Gays past in Kansas aud Texas pre-.
IerTsa. There was also a heavy absorption
O. the bonds Of the St Louis southwestcrn
ooMipany ana the Missouri Kansas and Texas
company this morning before the rise In
me stock WIS inaugurated The advance In
me group reached ~ in Missouri. Kansas
a aS, Iekas preferred. "a n the common and
ABOUT points each In the St Louis South
western stocks, Wabash preferred Teyas
and Pacific and Missouri Pacific. There was
no news to explain the rise beyond the ia
r nUsaple showing Of earnings for several
members Of the group which were published
uurng the day and which made them avail
able Tor man Dulation by q speculative pool
mere were renewed rumors also OF the late
railways N''''
The steel stocks we're inclined TO strength-
en- all DAY and showed good net gains. sugar
cine rallied 2h after an early Depression
and there were number OF less prominent
always winch showed good recoveries. The
cams were not well maintained and the
closing was below the best, EXCEPT In few
stocks, notably st. Paul and the SOUTHWEST.
erns Brooklyn Transit was feverish all
day and broke sharply after n co,siderehle
tme when the list OF dire-.ors eIectf / Inv Tho
Stockholders was published as il failed 10
snow the presence Ct the Metropolitan Street
tal,"ay interests in the new directory which
gossip.
The most notable feature Of the days mar
ket was the decided decline in active high
leVel and the necessity for persistent manip-
uIauon TO secure movement Of pr ces This
IS inc natural result Of the large elimination
u speculative accounts from tn. market
caused hy last weeks considerable reartlon
and this weeks rebound. which resulted In
large reduction frat OF the long account
ana second OF the short account The mar
ket has drlfted during the week more md
more into profess onal hands. The pre-. nj
mary hgurea OF the weeks movement o,
cnFh insure another gain TO be shown in
tcmorrows bank statement. which will prob
ably reach over 10000 IN account Il the
direct export movement from the interior
ana In spite OF the gold export az 81 on nOo
WniGh almost exactly wiped out the gain by
The large demand for 81 Louis Southwest
crn seconds was the intention Of an active
huying movement OF bonds OF all the Could
Southwcstcrns at notable advances in prices
The general market vas Arm but quiet
Total sales, par value, 1926, 900