The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-23
STOCKS MADE A NEW RECORD.
Sales Made Yesterday Aggregate 1882, 500
Shares.
There Was Great Variety in the Speculation and Ex-
IRENE lrreguIarty i'm the Move
ment of Prices.

New York, April - Tho extraordinary
activity of the speculation Is witnessed by
the record Of the aggregate OF The day,
which rose again 20 a,3S2,aON shares, coM.
pared with thu previous RECORD ON Frhiay
OF 2la3,iOo shares. rhc character or tac
market showed Il marked change from
that Of the latter part If last week when
the tendency was distinctly upward
throughout the list. There was great Va.
iicty In the speculation aud extreme nlry-
ularity In the movements IN prizes all day
and there was a resumption VI thc tcVvrish
tone. which had broken In on the present
extended advance IN prices at vartuus
times II was obvious tls,t trade was yert
heavy prohttaking going on In stocks
Mnicn have shown the greatest strcA,.,n
recorded. hut the bulls hnd the stuation
LARRY We'll III hand throughout the carry
part OF the day and the pravcss % smut
ing the speculation from one set OF stocks
10 another, which has gone ON IN constable
succession all through tue perlod OF the
fisc, seemed 10 be going ON in normal
manner The weight ol the rrohl-t ng
became So formidable however, that tnV
violent manipulation ~ special stocks, 10y
which IL WAS sought to sustain prices, lie
came palpahlc that the bears made
powerful concerted attack on the marx
IN the nnai hour, rhcy offered prices daWu
AZ rapid steps without meeting any Ct'
tectiNe support, taking the market aMay
lIhm tue huIls, WHO were eagerly LINING
their profits. The relapse flom the h,gn
point was very violent In some stocks ami
the level of the whole market was carried
well under Saturdays.
Ihe violence Of TIE decline invited some
quick pruhttaking by the bears, whose
covering demand continued. but the general
tone was weak at the close.
Except for the slump IA AmalgamRted
Copper at the opening, the market started
OIL Win every appearance OF n continuance
In fun swing of last weeks active spccn-
"A IN la ynt ~ an n
teruational purchases OF from 1893 to TO-.
uU0 shares were shown by n number OF
the leading active stocks, Including 81.
raul, Union Pacific. Missouri Pacihc and
Pennsylvania and Southern Pacific WAS
rushed ~. The last named stock was
conspicuous hFurc In the dealings aud even
after the general market had commenced
going TO pieces the price WINS ndvunccl 10
a3% which was ON over Saturdays close.
ST. Paul, after various fluctuations, rose
as much 10 1T5. There were periods Of
traders the SouthwcstcrpS, Sugar nnd
some individual stocks Pacific Mall was
Southern Pacific, Tho strength in the
Southwestcrns was ON the renewed tak
of combination. Including Chicago aud
Alton aud an entity into fittsburg. l1,ss
advances came after the opening gains hUj
been pretty generally wiped out under tue
Hood of realizing selling, which has been
the feature OF the morning dealings Oh
every succeeding notable advance, IL Sns
evident that the hull trndors were using
every endcayor 60 turn the market NJ,
hut they did not succeed In reyiving gen
oral strength at any time. The upwards
were not accompanied generally 10y any
news and were based almost wholly on the
argument that the price paid for BnrinG
ton warranted by contrast much higher
prices for practically all other rnl!wny
stocks,
The bulls sought TO make capital Of the
advertised invitation for subscriptions TO
the new British consol issue as arguing
confluence by the bankers la the future az
plenty money, but the sharp rise In stfr.
ling exchange rates IN response Ia the
large subscriptions said by the hankrrs
having them In charge to be received Tor
the loan detractcd from tho force of THIS
argument
Ca. loans did not rise above per cent
owing to Saturdays strong bank returns.
The profit taking on purchases made In
anticipation Of that statement proved
lnrgcr than the new demand attracted ny
II, In the late relapse In prices. 81 panl
dropped I points, Northwestern i. Balti.
more and Ohio ~, Onion Pacific ~ AMI
large number Of the active stocks from
10 3 points. Burlington held well az II
point or more over last night. The price
of this stock having been made an index
20 warrant the advance Of the whole mar.
kct IL was well supported, United States
steel stocks were weak throughout the day
and show net losses OF "a for the common
and IA for the preferred.
The bond market was active and brond,
but the price conditions were irregular.
Total sales, par value S6.4S0,00D.