The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-21
BROADER STOCK MARKET.
Evidence of Substantial Improvement
Is Lacking Yet, However.
STEEL HOLDS EVERYTHING ELSE DOWN
Strike Situation and Methods Of Sustain
inc Steel Stocks Are Keeping Big
Spectators Out Of the Game.

New York August 2o.--The stock market
was somewhat broader and more active
today, but there is stlll no evidence Of any
large participation In the market by the
general public or by great financial inter-
ests on large scale
The Questionable position Of the United
states steel stocks and the do ibtful out
LOOK Tor the labor situation are still a drag
on the general market, although the mar
set for the United states Steel stocks tncm.
selves and their price movement are mar
row. The market guardians Of the stock
show themselves amply able to take charge
OF All the stock offered, showing that the
company's shares have come to be closely
held but the supporters of the stock are
Inclined to take profits on holdings thus
acquired upon any advance in price and
they bid up the prices when anything llke
an outside demand develops for the stocks
Under these artificial conditions. the move
mcnt Of the stock has little significance
The general list showed disposition to-
day TO ignore the steel stocks The rail
roads concerned in the Northern Paclhc
settlement and others allied by Identical
ownership or otherwise resumed the lead
ership of the market today Tdis may have
beei based upon a published report Of q
prolonged conference Yesterday at Bar Har.
Dor between the three uuIncicrs who CON
uucteu the Northern Pacific contest and
IT'S set lCmcut
The Morgan and Hartman road, were
gSHShefPll{ affected in sympathy, including
erh Hallway and Chicago indianapolis aud
Louisville The anthracite carriers mani
rested some strength and the bitumlnou
cnai carriers made guins, although Norfolk
and western ana Chesapeake ana Ohio SUI
iefcu from profit taking A sharp decrease
~ earnings Of Norfolk aud Western for
the second week in August seemed to en-
phnsizc this disposition Some large indi-
yidunl blocks of Southern Pncihc in on
Eacinc and st. Paul wore taken Ia the
sHs, h n 4Ad these stocks rose 1%als
The stock market continued to show sen.
StlreheSS TO Developments in the money
and exchange market a sharp recovery
this morning led TO some ronrtion from thr
opening strength In stocks Offerings o.
wheat hillS were reported smaller In con
n55ell4h WIN reports of smaller seaboard
wheat cleWances, which caused a reaction
IN the wheat pit But this influence was
largely OFFSET by the large receipts on ac
count OF Australian gold deposited at san
francisco, The subtreasury's debit at the
clearing house of S1,S52 81 j was caused by
receipts Of checks against gold ON tho
racine coast to the amount OF Sl50OOOO
a Iurthet shipment OF S!5OOOOO is on the
way Ia san Francisco FROM sydney This
makes II evident that the London market
NIX ma way 70 meet its gold oblga-
possibly without actual shipments of gold
II is to he noted, however, that the United
SlaieS treasury operations continued tn
utaln tAe money market. the government
surplus thus far this month having reached
SL9"4o2V while for the corresponding
period Of last year the Governments fiscal
operations showed n deficit OF "a .3ol. IA
The market closed rather heavy under
rise. " ' ""' .
Railroad bonds continued very dun and
without movement of Significance Total
sales par value $1.54j.OOO.
Stocks.
Following are tho sales Of stocks and
closing uricpe for tho 80, y All