The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-23
IN The STOCK MARKET,
Several Distinct influences We're al Work
in Stocks.
An EFFORT MADE 10 OPEN PRICES HIGHER
Level of Prices at the Close Was
substantially Higher Than tile
Previous Day.

New York january 22.-The influences N
the stock m1rket resolved themselves today
into several distinct component parts. wh!cs
cpetated N coni!ct q part Of the time and
never Ia clearly defined conoer,. There was
a pa!paoie sIor to open prizes higher. In
feet. The brokers in number of stocks ad-
n.ted the receipts or orders to make frs;
prices as high as possible. There is 4 IA
m.Nag device OF traders who have gone long
OF stocks during rise on one day TO gs.
the creates. poss bic benen,. from the relapse
alter tae opening in prices OF the stocks
wh.-h were most paipEoly manipulated yfs-
iercay aud close nc operations OF this class
-. Paul aud Northern Pacific were consp .cu-
Ously Affected in this way, he former OPEN
ING UP ia and me latter rising almosi as
mutn ana then running on aza.n to near
last n.glts level. The same stocks came
into prominence aga.u late in the day after
rumor had been received OF the queen S
death. Tbs even. had been SO delin tey
toreseen tia. there was little reason 10 ex-
p-ct that It's actual announcement would
c4use depression in the market but APP
parenuy acre was speculative elCiuen;
WI feared the pOss -1ilty Of selling IN
du- ed o. tlc queens DEATH Alter thar
event was reported there was a Iause in the
activity Of the market, az though awaiting Is
elect on prices, and sA0r-ly afterward room
traders Sc. 20 work to bid w prices again
lhey itted IL an extreme y over last night
Nor he.n Pacific 2Ss and the grangers. Pa
CITES trunk lines and more prominent stocks
generally from ] 10 ? points. The same
Traders were active In sugar all day, making
the extreme advance 2is on the other hand
The sensational movement In Missouri Pa
cHS was Drought TO a sudden stop at,er
a 3-p0.nt jump at tha opening and the
wabash stocks also fell back The extreme
decline in Missouri Paoac was IA and :.
closed at a net loss OF 3}2. This ...on OF
mo stock naturally caused scp4 .ncredulity
reSsidnE he mnny rum0rs afiolt here yes
taTday of consolidation and OF the buying
by prominent capitalist for control. Other
members OF tAe Southwestern group were
however, well susta ned and the absorption
OF Wabash debenture BONDS continued on an
CuuEmuuS Scaie ana price level boYe th3i
OF yesterday. Missouri Pacific was in ur-
gent demand N the loan crowd and COM
mdnded az high as = per cent premium for
use by the shorts. This gave color to the
oeiet winch was ayowed by some OF tne
traders chat the buying a. the stocks had
resulted in a corner, leaving a very heavy
shor. interest with their requirements un-
provided for. Amalgama.ed Copper again
moved widely. 1unp.ug nearly points at the
opening and then falling back 3% The steel
stocks were comparatively neglected bu. the
Nudertone was weak in spite Of the legs
threatening uterances authorized by trade
magnates. Federal Steel fell away 2ss and
other members Of the group from l 10 ~
at.er small opening advances. The late not
aple rise was not well mainta ned especially
IN the stocks which We're bid UP most ss-
GreSs:yely. and the closing was active and
rather easy below the best. The level or
rr;ces the close however, was substantial
" gher han yesterday and the undertone
or the market during he day was steady
The announcement OF further gold expor:s
mad Lille effect on the market as money
continues notably easy. Sales were less
than million for the first time since New
Year
The wabash debenture Bs los, a point
Texas and Pacific seconds rose points on
l'sht transa ,tions Otherwise the bond mar
ket IVES rather dull but arm. Total sales
par value. i,032, 600