The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-20
NOR THERN PACIFIC STOCKS
SOMEWHAT UNCERTAIN.
In Absence CT ASSURED Leadership for
Preferred. semi-stagnation Settled
Over the Whole Market.

New York, October 19.-There seemed to
be pause in the large operations in North
ern PaciAc preferred that have given char
acter 10 the stock market for two days
past and the professional traders made I'M
certain work with the stock In the absence
Of assured leadership The stock opened
unchanged and advanced point dipped
two points and duotuated douhtfuly. This
unsettled the whole market and seml-stas.
nation settled over the dealings. Amalga.
mated Copper was an exception and was
strong and active throughout, with only oc.
oasional slight fluctuations The buying
was concentrated in character and was al.
tributed TO Boston account supposed to be
covering by shorts There was no news TO
account for the movement beyond The in
sistence by copper interests that the com.
pany's stocks on hand were not unduly
large. Sugar and Peoples Gas showed
some sympathy In the late dealings
Amaisamated Copper rose points and
closed within shade OF the best This
stock held the market against the dlsap
pointment OF the increase in bank loans re-
vealed by the weekly statement II is con
hdently assumed that this Is due TO rebor
rowing incident 10 paying of sterling loans
which has kept the exchange market Grm
all week, III spite Of largely Increased sup
plies of cotton and wheat bills
The animated upward movement in stocks
which was inaugurated In the latter part
Of last week was checked at the beginning
OF tails week ana there was a considerable
backSet as result of the profit taking by
last weeks buyers.
The reports set afoat last week pointing
ia al r4Nfa Il
tional consolidation IN the transcontinental
railroads, were discredlted by the emphatic
denials from buyers. The disposition 10
revive all the old rumors which fed the re.
cent speculative furore seemed 10 awaken
uneaSlness In the minds OF some 1T the
great financial powers with the fall pres
sure upon the money market stu unrelieved,
and the EFFORTS 20 awaken an active bull
speculation We're discouraged. But much
Interest WIS., felt all through tho week
"a the Northwestern railway situation anu
there has been some degree Of excitement,
although OF q suppressed character. owing
% secrecy maintolped as TO the actual de-
yelopments.
The liberal supply Of Northern Pacific
stock watch found It's way 70 the market on
Thursday pointed Enthusiastically 10 a rsla-
ton OF the s0ilcltude with which every
available share has been held after scour.
Ing every securities market In The world
70 secure u. The embarrassment Of this
condition Il obvious and was the basis OF
the credenee given 10 last week rumor OF
the formation Of 2 security holding corpora,
ton 20 hold the securities Of the roads cor,
nered and release large amounts OF cap
itnlf
This important problem aud It's bear ng
on the mcaei and exchange markets have
beeu the pfpminent influence OF thC Tepressr
ed speculation OF tie week IN tae mOaey
market the renewed movement OF currency
10 Southern po.nts has marked 40 beiatet
movement " cotton 70 market IN large vol
Tine. Wish 'be completion Of The PAY
euenfs for redemption OF government honts
rnder, the treasury departments late OF.