The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-16
IMPROVEMENT in OIL STOCKS.
PRICES WERE STRONGER.
BIG LOTS WANTED.
Beatty Advsnees--HioGns and NJ. and NJ
lmprove--Victor and Manhattan
Decline.

Yesterdays session Of the OH and stock
Exchange made It manifest that there is
a new strength to the market The i'm
mense activity which has been In evidence
on several of the securities was followed
by an Improvement In value that shows In
vestors have followed q set line Of action.
Time has now elapsed sufficiently to give
the public a clearer idea Of the companies
that are progressing toward the regular
dividend basis and that condition Is inau..
encing buyers. The publication of compa-
niles that have forfeited their charter
through nonpayment OF the State tax also
eliminates n factor from the Geld that has
been the source Of regret to many Invest
ors. The hnal routing out Of all that is
bad will only make that which is good more
desirable, and unless present signs fail
such a process is under way with oil com.
panies having stocks that so TO control the
coure Of the market.
Beatty made another advance and while
fair trading occurred the upworduess Of
holders prevented as much activity as in
the recent past. Buyers wanted tremcnd-
GUS quantities as formerly and were will.
ing TO give slightly more, but could not OBJ
tain them Bids for small lots showed a
gain of as much as lac on the day In some
instances and transfers were made all the
way from that advance to lsc higher Hg-
gins took a stride for the better and one
Of the largest lots that has changed hands
in some time brought $50 This did not hll
the demand, but no more could be had at
that price Two shares were sold soc
higher, after which holders were generally
around Sd4 Merchants and Mechanics
brought an increase Of &c on the day on one
| lot ana while there were bids Tor enormous
blocks on a basis Of lSc lower sellers were
very firm at the former figure, Anglo AmCi-
can dropped down isc and developed heaVi-
er activity on the decline While all pun.
chascs were accommodated At that price
the former ask price was resumed on the
| close.
Victor went n shade lower and much OF
| the stock was obtained at 2AH2SC The
demand was somewhat sluckcntd and buy.
erS offered 2Ac on the close. Manhattan
! made Il new low record. This stock was
| purchasable around 46c and takers did not
1 manifest much anxiety at that decline.
] sellers IN the final moments wanted cent
| more. There was a small improvement IN
| Houston and Beaumont. The bids were not
| nigh enough TO cause much selling. how
ever, and traders later became as widely
| separated as heretofore. Independence was
/ a fair seller without any material change
| In value and National oil and Pipe mid,
no recovery Of its recently developed weak
! ness. Gladys Of Beaumont and Ground
! Floor each sold for less than prices that
/ have been lately given. There was larger
demand for Palestine and Beaumont with
/ offers l4c up and bids for Texas Big Foul
! increased lsc. There was a decisive SLUMP
| in offers for Missouri, Kansas and Texas
! without affecting the terms of sellers.
! The total sales amounted TO i4,164 shares
| The prices bid and asked yesterday anl
the sales made were as follows:
UNLISTED STOCKS