The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-29
STOCK TRADING ACTIVE.
Some Independent Strength in Minor
Railroads and Industrials.
UPWARD MOVEMENT IN THE cOALERS
Seesaw Operations OF Professionals Re-
suited in Recovery OF Some OF
the Declines OF Monday

New York, May 2s.-There was some
show Of strength and activity today IN
Union Pacific and in Lackawanns, when
had considerable sympathetic effect on
the railroad list There was some inde'
pendent strength shown by number OF
minor railroads and finally there was
Heterogeneous assortment Of minor indus
trial stocks, which advanced under the
influence Of individual causes not always
disclosed. There was besides some natural
recovery from declines of yesterday under
he seesaw operations OF the professional
group of traders who continued largely In
control of the market. The movement In
Lnckawanna coming on top Of Its previous
advance of late carried the price M to-
day as high as pa. The fluctuations were
rapid and wide, but the volume of deal
ngs was comparatively small, so small In
fact as to preclude the superstition OF
buying for control In the open market
The explanation generally agreed upon was
that negotiations were on foot to secure
large holdings at private agreement and
the bidding up of the stock represents
efforts to put the prices up to prohibitve
figures Oh the part of insiders, who oppose
change of control That policy was sue
cessfuly pursued some time since in the
case, OF DelaWHIe ana liuuSph anu luht
stock showed some sympathy today with
the Lackawhaun movement The coalers
otherwise were ratEeS quiet; Ontario being
held in check by the >1S-,ak April state
ment of Headings net eafnlngs. Inc
strength of the Wabash and Missouri Pa
cifc and the Southwesterns generally Vas
related to the Lackawanna movement as
the supposed efforts to control the latter
are In the interest Of that group. There
was some large buying both OF Union Pa
cihc and Of Southern Pacific, accompanied
lyfslk -
southern Pacific had been secured and
would he applied as collateral for the
Union Pacific convertible bond Issue in
additional security. The strength of Atchi-
son, which sold ex-divldend, was attributed
70 the April showing of net earnings. The
Tobacco stocks fell somewhat into the
background In the latter part Of the day
but they were active and continued to
advance In the morning, with persistence
of recent runlors regarding the properties
The advance In Iowa Central and Mime,
apolls and st. Louis stock was attributed
70 the working out Of Il project by the
Illinois Central 10 enter the Chicago ST.
Paul field Chicago, indianapolis and Louis
Vile and Des Mones and Fort Dodge
showed conspicuous strength and there was
also strength in the American Car and
FOUNDRY stocks. Chicago and Union Trac-
tion, Brooklyn Transit, international Pow
or, standard Rope ana Irvine. Amalgr
mated Copper, General Electric and Con
solldated Gas. The formal announcement
that banking houses representing the con.
had given orders 30 relieve any of the
London shorts. who are honestly unable
TO make delivery by paying l53 for their
contracts attracted attention. The word
Ing of the announcement was accepted
as indicating the continued eagerness
TO spare actual deliveries OF this stock
The plans of the Illinois Central TO adj
vance further into the granger field and
purchase of large interest in the OHIO
soft coal field reportof to he for the ac.
count Of the Gould interests. were minor
Incidents that were thought to have pos
sihe Significance on the question of an
agreement between the two contcnding
interests
The engagement of S1.50O00O gold for
export was not known until after the close
The railroad bond market generally was
SO, 0O0O.