The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-18
PREVALENT IN STOCKS.
WIDE RANGES COVERED.
Price Movements Were Again lnoon-
elusive as an index to Any Consist
ent Speculative Sentiment.

New York. October 1T.-Today's stock
market was again quite lnconcluslve as an
index 10 ans consistent speculative senti-
ment Confusion and hesitation were ths
only feelings revealed Although prices
covered a considerable range. and In some
cases several times. the net changes OF any
consequence viii be found very few.
The same brokers acting, to all appear
hnces, for the same interests were on DIFF
ferent sides Of the market at different times
of the day. This was especially true OF
the operations 10 the Southwestern group,
in which heavy selling, seemingly for in
side interests. was followed by even
heavier buying from the same sources. The
midday weakness In this group interrupted
a hardening tendency, as 1t did yesterday.
The feature Of the morning dealings was
the marking mp Of a number OF high priced
investment railroad stocks. This movement
was prompted by the sales yesterday OF
Lake Shore at 300, which were confined TO
two transactions. and the alleged raising
OF the bid for Chicago. Burlington and
Quincy to 211, which proved on investiga-
fion to be wholly fictitious on this rather
slender basis there was hung various sa-
pient discussions upon the significance Of
the pressure OF capital thus revealed into
the high class railroad stocks and the ex-
ample was taken up this morning possibly
by investors, and possibly 10y the ingenious
professional operators, who have been seek.
ang TO awaken speculative interests In
stocks, The movement had lost most OF
ats force by midday.
Much more Impressive was the sudden
activity In Northern Pacific preferred after
period Of practical stagnations lasting
was the demand for this stock quite stroag.
but the supply was extremely liberal, man
1000 share lots being dealt In, and these
transactions reached a considerable total
Among the prominent sellers We're brokers
often employed by the capitalists who jeal-
ously guarded control Of the companies
known TO be maintained by holdings OF
the preferred stock.
The incorporation In Iowa or Chicago,
Burlington and Quincy Railway company
stated TO be for the purpose OF acquiring
the Chicago. Burlington and Quincy Rail-
in Northern Pacifc preferred. caused new
attention to the recently prevalent reports
of progress in the plan OF settlement for
working out the Northern Pacific tangle,
but the influence OF this development did
not extend beyond st. Paul Great Northern
preferred. Union Pacific and Southern Pa
magamated Copper continued active.
The belief grows that this stock -
need at present ny a speculative duel
l by the actual conditions Of Its finances
he trade. The stock was firm TO strong
aui shows a net gain of IL.
CAMEO for the day IN The covering Of
outstanding shorts was an important in
huence on the latter stock
The weekly exhibits Of the great En-
ropean banks reelected clearly me strained
conditions which have developed in the
the Imperial German bank showed a map
terial and unexpected Improvement. 9th
erwise there was ne marked changed In the
zion.
Railroad bonds were quite nrm on good