The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-27
IN THE STOCK MARKET.
Active and Bold Manipulation Had Little
Effect on Stocks.
BANK STATEMENT CAUSED ANIMATION
However, the Market Remained
snotty to the Close. with Few
Advances.

Ncw York January 2s.--Thc stock market
manifested only a lsnguld disposition TO re-
spono to the very active and bald mauiuuli-
ton to which It was subjected today, until
the appearance of the bank statement I'M
ned,ae ely upon tn APPEARANCES Of he state
ment upon the market tne n,Erkel became
ANNA cd ana des inys htoa;l,ncd out con-
a7inerably. Nevertheless. the market ie-
NAMED spctty to tho close, and although
there were large number Of stocks which
showed advances of t. : noints May parts
~ tht list taie1 to aps.iI u. tAe advance
~ ai' ~ raul was tne feature all day.
! ne slock was exceedingly .eyCriun ana IN
stta,y ~ llb4es, but it ADVANCED VITA deer
h.lhatlch anu I.0uv ne Ia prte at the top
P0'l,s above last mgnt Jho DEALINGS
we're GU n very large GA o Fac Kansas
ah4 leAas 81. eks tun,inued u mold Il Goa
aHcu0us place IN thc marhet and tire pre-
i'IIvd ross zSs m tt cary dedii.Es, but adj
Iertu .alel IRON prJh --ta6us Kock Island
rose 20 ans the gr4Lgers and Northern ia.
enc We're all quGe strong
- he pam. syaLemen. disclosed n fairly pie
thorlc csncltion of the money market, and
.ps very hlDefil expansion OF leans by the
tanks OF slvO.0,0D0 nas NOT sufiiccd to keen
pace WIN the rspid congestion OF reserves
l1e subr1asury payments are now being
mane aim 3. wholly in gold, including the
afg9 current reuemp.1ns o MAI onaI han;
i~ses ana tn mai and expresJ receipis
nm nm ~ iu.ell-r ny the BANKS Include a
i.-.e1 huHUtr OF gOld CFrsiflUateS OF large
cen mlhatt MS. Tho hanks have also re-
ceNed payment from the SUP reasury on ac-
count OF million dollars receipts of gold in
san Francisco, With a further rise day
IN tho quoted rates for sterling exchange in
me nominal Saturday. with an advance in
the tai money rae In 10 don. aud with
sNthns hardening q. Paris, 1t Is no unlikely
mat the coming week Will see gold 70 10
LONDON insten1 cf to Paris
INC action OF the stock market this week
n'S peeh surety IN accord VITA what might
pc expected from the adjustment Of accounts
ten. ~ 80
Some OF last weeks selling had been up3u
The superstition tha the dea.h cs Queen
victoria would have depressing influence on
Inc Worid security markets, and when the
h,eadiness of prices In foreign markets after
that event became manifest there was soma
pu!lhs TO cover as a sequence. An early
upward movement was followed by reaction
On proht- taking and again by a secondary
rep und. The true safe Of affairs how
ever was msst significantly Indicated by the
diminishing volume OF trade which fell late
Ia the week TO an average ,ower Than M
any time since the election in Novemher
GtoWing Importance is attached To Inc
com ns test Of the new feature OF tine banL
currency law. The currency redemntlcn ~
uank notes at tho subtreasury Is an imnorl
am item in the large gains made each w,eei,
by New York banks on subtrea suty oney,
uonh and in the current use of the New
YORK money market w"
soma CT the bonds of the primo ipal westa,,
raslro'dE have been in demand and hsvo
maoe striking gains.