The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-29
WEAKNESS BECAME GENERAL.
ACTIVE STOCKS FELL A POINT.
Liaudation Was Evidently by Recent
Speculative Buyers Joined by Bears
Efforta OF Bulls UnaVailine.

New York October 2S-rhere was no
very aggressive bull spirit manifest from
the outset in today's stock Market al
though there was support for special stocks
from time to time and rather hating at
tempt made to revive the spirit OF the |
bulls by bidding up group OF speclalties
about midday. The demand for STOCKS,
however, was a minimum and prices kept
sagging to a lower level. The pressure was
not severe throughout the greater part OF
the day but gained force ana in the lhst
hour Of the session became acute Inc
bears added their selling to the realizing ana
uncovered stop.loss orders. The reahzlhs
was by recent speculative buyers evidently,
rs shown by the conspicuous weakness OF
those stocks which have been under recent
manipulation for the advance. The weak
ness became quite general at last ana tne
majority of active stocks fell point or
more below Saturday. -, -,
The fall in Northwestern was o's' LEA,
mated Copper 3ls, General Electric any anu
Colorado Fuel g. Sugar pa New, York Cen
trnl 9% Union Pacific pa, Missouri fA-
ciae. Northern Pacific preferred, Baltimore
aud Ohio Tennessee Coal =. Fhe taklnB W
bear profits by the room traders caused
only feeble rallies and the closing was
weak al about the lowest. The narqenlhs
of the New York money market ara proS
pect Of gold shipments 10 paLis in,s Rnt
/, Vas trne also. that spirit OF doubt
arose as to the recently current Iuin s,
which have been the basis for advanssiing
nrices The clouds of uncertainty whIch
Nave gathered again over the Northern fa-
cihc Settlement seemed 60 gatner g,oon,
IN the speculative mind after III, Mois@n
had arrived al his office aud no instanta.
neous statement OF settle nent was given
out. The weakness OF copper was aisg
an unsettling influence me seLihhs W ~
Tnis stock and OF sugar was very heaf'
for Boston account. - n4 ars
call loans rose today to per cent ans
the assurance which was proiesse1 o. o.
seryes az the banks was disapated an6
Yielded to anxiety on account o. LaIsSS 49,
expansion. Foreign exchange coptinussn " - =
t nnrs 70 &c Germany by the United State
stesmere IN fact the discount rate
Berlin eased Ola fraction today ano s'el
n netion on The pressure at that point Their
Grange Gas &c at rn Paris s and il Is generally e.
peeted that gold MIL S. fIo 10 meonslderab
volume. Call money stinened snstpg - :
London and open market discount nndt,e atm
rose well above the BANK h ra.t, in'''
Ill the domestic money markst 80 rvne ~, -
activity o. moDsy at Western points wa va
r9gort6s qon nnS pack to Is cents discount
willie shipments 20 New Orleans from n nn
continued. The optlmists urge tn na ,va nj
considerable rise IN money rates heI Rr wo ~
dl.erf funds 10 tnis center. Duut ~
anon,aiogy OF the fall q ls09 and the ,, yn
break OF the Boer war is fresh IN the nv, y
when the. call loan rate rate on tne urlsho,
preventing the current export moyemen.
god. The daily surplus Of the foser,nuit, !,
revenue Is also rapidly augmentlng ID ~
I ,sSsss S Ss the e money mo market,
The railroad bond market was inpHeas'
~ die weakness In stocks, bus CHANG