The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-06-23
NARROW AND RESTRICTED
Trading in the Stock Market Yester
day Was Very Dull.
IT TURNED ON THE BANK STATEMENT
Covering by Professional Bears Rallied
Prices, but They Went OF Again,
and to the Lowest

and to the Lowest
New York. June - roday's stock mar
kci was au nconscquential affair, AMI even
the professional trading, Of which 1t was
wholly made M. was narrow and restrict.
ed. The trading. such II was, turned on
the bank statement. An lnkling was oh
tanned soon after the opening that the
expected favorable features would not be
Forthcoming. and the traders sold the mar
ket. bur when their Views were verified
by the bank statement the market proved
too narrow 10 rencc any action by outside
holders, and the covering by professional
bears rallied prices They went off again
to the lowest in some cases, while a few
upward movements gave The closing its
Irregular tone.
The most disappointing feature Of the
tank statement was It's fixture 10 show
any Of the expected payments Of large
corporate louns. II any Of these wer paid
od during The week there was sufficient
new borrowing to Offset This. as the loan
item shows slight expansion. not thrcat-
ouing Ia itself Dut disappointing in view
of expectations The Change ~ cash re
serves shows discrepancy of fully $I,OO1..
CW from that forcshadowcd by the known
movements of money The consequence Is
loNi oi ]-,'1eVN instead Of tge ex
serves are In consequence carried below
StINOb. This Woul seem 10 cai FOR
eolirE. effect on money rates than has
lCru shown.
ST. Paul aud Union Pacific sold down &c
we lowest IA ~ hh,l dehilpSs' lsN
l.s uHIy' l"H' hl-u'' J.. ~ lSidu' Ju'uptd
nI F,i,LS nn W. .VP"liSL pIUJe'I 10 c"ll
1lWlSIlc, ny luuHel WIN the center OF
sc" hoIh'
mr.. .,. .....,-.. -. -, -
An' SIo'h H'a'he' luls week mas SHOWN
q progressive decrease In speculative IN
terost and ac,i,.it, rhc dooii,,,. f,r . en-
,'''' '''t N''''"7, W 4"i'
way ""''"s i'"e" pclu" Iue n"il 'Hu'uoo
'AS' Nteh lh N"Feluoef iusN fflccs nave
been vulnerable to selling pressure and
,ros ,tt.r,pted ana ,,bo, tt.. ,,.o,,..I,,
INN. -. -.
'ears attempt an attack
vero sbifr.d Int, .,,t,,,,. -, =, ,,,,,...
''''H9 VI '"'""'
systems ana lhdusINnls' and the causes
IN explain this movement were suecial tn
the stocl affected so thot thei, ad,,o,o
""o1'V" ." '"'' lueH advances
H"u niue sympathetic effect on the gen.
vral list Some of them wer. pllpubI .
au.. ia ,,,,i,,,,t.t ~
lunlnulIt1Dn ffl Lac,
rorar.os oor,,,,..,-..''. io'''''' ~
80 commensurate win the sensa-
'uHui advances. The wide and feverlsh
fluctuations In tbis ,1,sy ~ -,
tended To dIscourngr np,.r. i il,'.As rathtr
aluuse uneasiurss b7t tGr ~ al Ii 20
factor in checking motive n,. 1 i.e' ivy
The condition of Inc iornl 0pr."' ,"n was
When the bank stutnu,eti .u"thGt
day was followed 1I, Manu. iuS' s"'
houucemeut ihat S2,Oj0V06 W " AN,
heeu engaged FOR shinmeut fo rcEEnt il Il a.
hecamr d question OF slmnI,. a1.iS5,tstrll. 4,
uruvc Tint any law, ,i't'v az 'IlueliI 20
with which To- spernlatr 'i i Va io' ioa4i
develop strlupency ma rroi,'tI Ir'v ms, Mouiu
liquidation 81 sfores pJb Vy''iS tprtflPl lat &c
own purpose. As il yios Mar, "Vrv"'!"E lis
cnine OF money bntI H, ~ VIZ MA.
and some calling OF loans Ra Ics al All can nn
trCss, but quite high enonpH 10 s sGruai g'5
MaLIths against indiscreet expansion Of
Tne dIsbursemonts Of n,.,a.o,.
tcIest on the approaching Isl OF Julv viii
he the largest IN the history OF In. comm ~.
n f,f