The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-26
SENTIMENT IS IN CONTROL
The Bears Lei the Bulls Have a
Breathing Spell.
A MUCH BETTER TONE N STOCKS
Resulted and the Railroad Shares Were
Sent Bit Higher Without Any Great
Amount Of Realizing.

New York, April % Speculative sentl'
ment showed q decided Improvement over
that which prevailed yesterday, although
the movement Of prices continued very IT.
tegulnr and at times crratic. The heavy
.pccnlntlyc liquidation which was accomp
lishcd yesterday ana on previous days OF
the week. relieving the oyercongestion oi
thp speculative no. lngS, doubtless hau
great deaf to do with the better tone OF tae
market The sustained strength OF mon
Pacific. even after Yesterday rcmlrkablc
squirt. aul a disposition 10 take more ac-
cot'ut ~ the many rumors concerning the
property. relieved the ictllnI o4 u4t.ts ~ -
tnet yesterdays EXTRAORDINARY tfHhSactlo Us
IN that stock. which Ia themselves lea 10
some liquidation owing 20 iht, sls ZION
a3rus,i that they were dr'igncd TO cover
heavy prOat tnkinps 10 other quarters OF
the street There was iurtHpr Development
of strength today as supplement 10 the
Union Pacific movement ami tle Strength
Of tine mArkc, WIS more generally dlil lSed
than Al any previous time lnis week Ile
manner In Wnich the market receiver we
formal announcement OF the terms Of the
burlington merger had IN encouraging ell
feet nn sentiment. There was little effect
ON Burlington Itself, which moved narrow
IS hy comparison with other stocks, nut
wac very urm an day. Considering the
lcgg continued ana large advance which the
stock has had since this transaction hrSl
lcgJn % hr discussed and It's widespread
milr.nr, i'm causing other advances in
practically the whole market the iirmncSs
ot the steel, at the highest level in Us his.
Tory Nd- surprising one of the favor IT,
maNiWs with Wall street traders Is to sell
ON good news Burlington quiet lrmneSs
on the confirmation OF It's good news argued
small holdings " purely speculative
character awaiting realization.
Tho sentimental cnfcct was very marked,
owing TO ;hc warnings which have been
coming from lunncnfa, commission houses
for some time past thlt oycrGp 'eulation
thrratrucG thc stability OF the stool; mar
fot Fgr lhr. FIRST tin" This week. the
bears rcfraiucd from thCir dual attack ON
the matkrt and there was not the Hood of
llzng o-itri which have been "A feat IT.
oI the iast hour of each previous day TIL,
week. The fact thar the buying demand
encourage The bears 10 any aggressive ef-
forts, although there was distinct chb
of prices 10 INC final hour ON profit taking
ior the daF mud final prices were cons.d-
erahy below the best except In a few
clS,s. The most cCr splct Gus movements
of he day were distinctly the oGtgrowth
Of the currf nj conviction that the perfect
ing of the burlington deal will be followed
10y SIMILAR arrangements on the par, Of the
otter railroad SNstC ms as an offset The
gran gers, PncifcS. SuuthNcStcrns therefore
played prominent part In the trading.
Tho marked strength Of some uf the East
ern trunk llnrs was supposed 10 be- asSo-
catcd with the movement of the Western
ines. Thus the stock market gossip at
tributes the large buying OF AtchiSou to a
design on the part Of the PENNSYLVANIA TO
control q Pacific outlet. Baltimore and
ONO MS subsidiary CCmpluY was even
moro acutcly affected thgn PENNSYLVANIA.
Ihc rise TN AtchSon extended TO "A in
the preferred To- 3 in Baltimore and Ohio
Z" NJ anu n PcnusNlHanta 10 "a. Hhe al,
vance In Northern Pacific was resumed
aiter a lengthy period of comparative
quiet, apparently on the theory that il was
omitted To rise with Union Pacific. Union
Paddle itself was az one time 2A over last
night and twice rccedcl below last night.