The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-14
A WIDER DISTRIBUTION.
Business in Stocks Was on a Small
Scale But Somewhat BfOadened.
CLOSE WAS STRONGER THAN ON MONDAY
Trunk Lines and Soft Coal Stocks I'M
proved on Benefits Expected from the
Proposed Coal Combination.

New York. August Robustness today
was ON small scale, but there WAS a
wider distribution Of the dealings Strength
was shown by many important stocks, but
the general movement continued irregular.
The opening was higher on resumption
Of yesterdays strength and the good tone
OF the London market. The fortnightly
settlement abroad was arranged satlsfac-
torily and arbitrage houses bought more
literally here than for some days.
First prices were not long maintained as
traders realized, but when demand arose
for the Eastern trunk lines and bltumi-
nous coal roads stocks, the entire market
rallied sharply Sugar was about the only
notable exception to the days strength,
the bears lowering 1t 2 points at one time
and selling steadily when 1t rallied.
There was little news of Importance hear
Ing on either the crop condition or the
steel strike and the influence was less
marked. Frequently relapses In prices were
made. causing the Pacific stocks to sag
temporarily under yesterdays close When
pressure relaxed prices rallied easily and
as there were large purchases Of St Paul
and the eastern stocks shorts covered
more generally In the market
The Improvement In the trunk lines and
soft coal stocks was partly due 70 the
benefits expected to accrue from the re
cent formation of bitumnous coal com
binatlon. New York Central made the
largest rise of 3lIc, but Baltimore and
Ohio. Pennsylvania, Chesapeake and Ohio
and Norfolk aud Western averaged . points
better.
Minor Vanderbilt stocks sympatlized
with tho movement IN New York Central
and especially, Cleveland. Cincinnati, Chi
cago and st. Louis. 81. Paul was taken
In good amounts and advanced BIS on re
ports that there might be an increased
dividend declared next month. Short buy
Ing was considered 10 be responsible for
the improved tone Of the market but the
and the steel strike was also considered
Western and Pacific stocks followed
closely in the wake Of St Paul, on its
advance and the grain carrying roads were
helped 10y the hcayiness Of the grain mar
ket
The coalers, fractions and some OF the
low er-priced industrlals slowed good
strength at various times. the strong rise
In International Paper being due to eX
l@ctatlons IF very. favorable annual
statement Bot. little Interest; was mani
ana they moved quite generally independ-
ent Of other stocks, An early rise Of X
ana respectively In the common and
preferred were followed by gradual de
cline and they ended only * and u higher
The large payments mHde by the sub
treasury on account Of army and navy
credits and some receipts Of gold at Pa
Ci6c coast points caused loss Of about
$15O000O by the banks TO the sUbtreasury
mp to yesterday ia be turned into gain
~ about ms much The stock market closed
strong and at about the best for the prin
| cipa stocks
The bond market was 1niet and firm
| Total sales, par value $3.50 900 United
states bonds were all unchanged on the
| last call.
! Stocks.
| Following are the sales of stocks and
| closing prices for the New York stock mar