The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-12
ST. PAUL ROSE 5 81 POINTS.
OTHER STOCKS FOLLOWED.
The Transcontinental Issues Were tx
ceptionaly Buoyant and Deals OF Last
Sorinu Were Recalled.

New York. October ti.-Groat speculative
activity continued In the stock market To-
day. but it was centercd TO a large extent
An the transcontlnental stocks. led by st.
Paul which rose so points over last night
IN the late dealings and closed ! point be
low the best.
The appearance OF the market suggested
the days of the last spring deal to the
memory of the professional Spectator,
when the absorption Of a new railroad sys-
TEN or a new transContinental combination
was rumored each successive day and read;
fly accepted In the credulous mood of the
speculative world.
The activity OF today's market was large
ly given TO the crop of rumors revived
by yesterdays various reports OF the pro.
posed plan for consolidating control OF
Northern Pacific. Great Northern and Bur
llngton Into one proprietary company, and
as matter OF fact. the official disclaimers
this morning Of the accuracy Of the pub
lished reports and the prompt relapse In
The prices Of Great Northern preferred and
Northern Pacific preferred bad a somewhat
chilling effect upon speculative sentiment,
The general accord OF the current rumors
IN allowing that the stock of the Northern
Pacific itself was not provided for In the
plan. the alleged provl sion for the retire
ment Of Northern Pacific preferred through
which the control by the Hartman inter
ests is exertcd and the assertion by repre-
sentatlves OF the Hartman Interest thar
the syndicate was not a particlnant In the
plan seemed to open up vista OF renewed
contention.
As the day advanced there was a re
vlyal OF old rumors that Union Putlhc was
10 acquire St Paul I'm exchange of the new
bonds. In the presence of these pleasant
old associations, speculative enthusiasm
seemed TO take IRE. The buying OF 81
Paul was quite in the old prodlgal fashion
of outlay and Union Pacific. Southern PA
ellie and Atchson were conspicuous follow
ers. The extreme advance In Union Pachr
was rs and southern Pacific ~, IT,.
on light dealings. Missouri Pacific by n
means kept pace with the other transconti
mental railroads and the Gould stocks as
were affected by poor earnings for the irs
week in October Here aud there in tn
railroad list and the prominent industrial'
there were advances OF point or over, hu
were by no means general or well diStrit
uted.
The coalers and the so-caled Morga
stocks including the United States Stet
mo I'D narrowly on expectations OF q goo
bank statement which was generally founC
ed noyc on the tone OF the money marke
tl on any informsa ION, and the shown
Wili depend on the loan item. changes /
which necessarily are obscure.
he Feeling Is growing that the resource
az me banks are likely to prove sufhcen
t meet the further requirements of IN
hi error for currency. The movement by e.
rrcss this week foil OF over $1,000 600 froi
chat OF last week. This feeling was a
influence on the strength Of the marke
Commission houses reported little evidenc
OF an outside Interest I'm the market an
the principal buying was attributed 10 larp
speculative interests.
The railroad bond market was quite a.
tive and showed an increas sing strengtl
fetal sales. par value, $3,54O.OOO Unite
States SIS coupon advanced y per cent q
the last call