The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-09-27
AN UPTURN IN STOCKS.
Support Was Lent TO Amalgamated
Copper aud Anaconda Shares.
RECOVERY OF LATE LOSSES Tue RESULT
There Was Still Considerable Evidence OF
Realizing, but the Bears Msre Final
" Disposed to Cover Short Lines.

New York, September 26.-The tone Of
today's stock market showed growing i'm.
provement over that Of yesterday. There
was considerable evidence OF realizing
stlll, which persisted after the opening dip.
and showed tendency to recur from time
to timc but support was forthcoming In
every decline. and before the day ended
the bears were generally disposed to cover
their short lines, causing practically a
complete recovery Of losses Not few
stocks showed net gains including Amalga.
mated Copper, Anaconda, the Vanderbilts.
Pennsylvania, Baltimore and Ohio, ST.
Paul Chicago Great Western, Manhattan
aud Peoples Gas.
The opening losses were due to the de-
morallzlng effect upon copper mining
shares in the foreign markets of the break
In Amalgamated rio Tintos were Off 3
points in Paris when the stock market
opened here, and the copper market in
London had made a further slump. Lon
don poured out stocks freely upon the
New York market in liquidation. making
the opening active and weak. II became
evident very quickly that support was to
be accorded 10 Aunlgomatcd Copper and
Anaconda only 200 shares Of the former
and eco shares Of the latter sold at q
below last nights close, All subsequent
transactions were mt or above last nights
close. Roth stocks nuctuatcd frequently
during the day, but the large short inter
est showed Itself nervous over the fallE
after such extensive declines. and With all
the bad news SO far as known already
published, the active demand from the
shorts caused Amalgamatcd Copper 20 re
cover more than Yesterdays loss and the
stock closed only 'k below the best Ana
conda Is 31S higher for the day.
The relief TO sentiment Afforded by the
recovery in Amalgamatcd oycrshadowed all
other circumstances, The severe liqulun
tion of some of the railroad stocks, which
was a feature of yesterday, was not In
evidence, and the fears felt OF unfayor
able Developments In the case Of New YORK
Central to the public were relieved. Selling
was explained as being due To liquidation
by bun pools, and suggestions we've heard
OF Internal discussions between the two
pools to account for the liquidation. The
very favorable reports OF the iron trade
outlook. including the rise In the price OF
pig iron, and assertions that large orders
for steel rails would go over 70 next year
was accepted as a cheering Indication.
The announcement Of the arrival IN san
Francisco Of consignment OF S25Oo,OD
In Australian gold taken In connection
with Yesterday report OF a shipment OF
like amount from sydney and the large
receipts OF Kloudlke gold IN the last few
days, served as reinsurance To those who
felt uneaslnCsS over the future money out
look. The withdrawal from the Bank Of
England Of more than 100000 for Ger.
many was taken to indicate the ability of
that institution 10 respond TO demands
upon IT In the event Of any real stringency
In the New York money market
The movement of PRICES mad the usual
effect Of Coloring the views Of the day $
events to conform 10 the new direction Of
prices The market closed quiet and steady
at about the best
The points most weak We're In Specu
latiye issues. These rallied with stocks
and remained firm throughout. Total sales,
par value, S2,0900O ra
Stocks.
Following are the sales OF stocks and
closing prices for the NeWsYqrk stock mar.
kpt.