The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-24
IN THE STOCK MARKET.
The Dealings Presented a Greater
Variety.
DEALINGS WERE ON SMALLER SCALE
Not Until the Closing Hour Did the Mar
kot Present Great
Animation.

New York. April % --Today's stock mar.
ket presented even more variety than that
Of yesterday. although the high record OF
transactions established yesterday was not
disturbed by today's business. Dealings
were on a smaller scale than yesterday.
In fact II was not until tho urgent sailing
movement OF the last hour had gained
fun Roadway that the market presented
anything Hike the animation which char.
acterlzcd Il yesterday Speculative scnt}
mcnt ran over pretty much the whole "a.
NUT OF emotions, from that Of buoyant
citation during the morning TO scpcthlng
like collapse in the afternoon Although
the market closed at net declines through
out extending In some cases to , or 4
points or even more, there was time
during the morning when the level or
prices was materially higher than ycster-
day and the market had tho appearance
OF tnll resumption OF the bull specula.
ton. Tho high priced railway stocks CON
tlnuet TO he the principal subject in the
speculation, especially ST. Paul. Union Ia.
ctic and southern Pacific. Atchison pre-.
Ierfed mad strong upward movement
nnd There were points OF strength among
he Souihwcsterns burlington aud North
l'acitics were strong and held better than
the average Of stocks In the late break
Among the spccnlltcs Almagamatod COP
per recovered vigorously from Yesterdays
depression and United States steel stocks
made show of strength for the first tmo
In some DAYS These were the principal
centers OF the early strength IN the market
nnI their influence was radiaied pretty
1t would be someSssat difficult to assign
cause for the early Stpngth or the late
weakness MS I, seemed RI depend little on
traders were confined for the most part to
fears or suspicious OF what others were
doing. Powerful support and violent ma
nipulations were rcsortcd To I'm the early
dealings and the success ~ these measures
In turning prices upwards caused heavy
covering movement among the short inter-
est which was formed YESTERDAY There
was lntimntlons during the morning that
an official statement regarding the Rur-
lingtnn deal would he given out later In
the day and rumor was current that 1t
would he found to provide an exchange
on houiS tn the value Of $50 per cent ana
a cash payment Of $50 per share. together
With cash payment OF So per share for
price of steel rails was to he advanced
10 SIS per ton was the calr~ Of the ad
vance in United States Steel. although
professional manipulation WAS much In cVl-
dcncc, MS II was IN NIL parts Of the mar
kot
The announcement over night IT an en-
gagemcut Of Sl,00n,c00 In gold for export
seemed to have little effect on sentiment
and reports were set ahoat that large
blocks Of government bonds were held
I rfa0N 10 oUCr. 10 redemption WINCH Nhdlu
provide gold for any export demand with
out efcctlng the money market The
source Of this available supply Of govern
ment bonds was not disclosed. Sterling OK.
change also Yielded slightly under tho OF
! ferings against the gold shipment Prob.
ably It's recovery later In the day was a
large Influence In the renewed uncasncss
| manifested over the money outlook. Tho
| suhtreasury Is again taking money from
/ the market and New York Exchange In
/ the iniovior has fallen back 90 dis
/ count. Indicating cessation Of the supply
! OF funds from that source. The adtourn'
ment 81 the burlington directors without
offering official announcement was q dis-
| appointment Tho success II the bulls In
getting nrlces IN was offset hv the very
/ heavy offerings 10 realize attracted by tho
! advance This WIS especially so IN the
/ t'ntod state Steel stocks. owing to thr
suspicion prevalent In Wall street TINT
| heavy liquidation Is going on I'm these
| stocks on the part Of the former large In
| tcrests In the individual cOmnanes nh
sorhed by that combination and who nrc
| retiring. Bear selling also became very
| hold and extensive when the fuiilitv or
1 The hnl efforts to sustain the market be
/ gan to he seen. The closing was weak nt
| the lowest and showed such violent de-.
| clncs from the top level MS In Sugar.
| AZ In ST. Paul, 1 IN Consolidated Gas, An
| in Rock Island aud from to points IN
| n long list ~ important stocks.
| The bond market was active and irreg
ular. Total sales, par value S4.uIomo.