The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-18
OIL STOCKS HOLD STRENGTH.
TRADING NOT BRISK
BUT DEMAND ENCOURAGING,
Beatty, Higgins, NJ and N. and Sou
Lake Springs Sell to Advantage.
Favorable Conditions.

The week ended very satisfactorily Ia the
oil stock market. Trading can not be said
90 have been as brisk as in the middle OF
the week, but improvements made then
we're entirely maintained and the active
bidding at prices which usually bring trades
showed very clearly that there was no
abatement to the interest felt by buyers. A
portion of the list has received marked
favor and it is evident thar the gains made
recently In the market value Of OIL as wen
as an increased demand. has had its eTccS
upon the value Of holdings with companies
that are IT, shape to supply the trade with
tine commodity. The threatened tieup Of
the great coal producing sections OF the
country FOR probably a loug period has also
directed the attention OF the manufacturing
world TO the liquid fuel and thrown out
more inducements IN favor of the use OF
that article. These conditions can not fail
to affect the course Of the stock market IA
time and appearances that point to increas.
ing values are already seen.
Beatty did not sell as nigh as on the pre-.
vious day through all the transactions.
First sales held the advance TO 25sc, bur
later the stock was obtained at &c and ut
Use, with very good activity In evidence.
Closing bids remained at the latter figure.
With sellers &c higher. Beaumont Confed.
Grated was a slightly better trader com.
pared to recent selling prices, but was sim
severa! cents below its best record. In.
dependence made higher average of value
than on the day before, with the largest
lots selling at 3Bc That figure was asked
on the close and bidders stood lsc under.
Missouri, Kansas and Texas proved 10 be
| Is a he 10 al 10
top and sold freely within tsc OF It's par
Value, Moe OF the stock was wanted ON
almost the same price basis. Traders on
victor made an equal concessiol, which re-
suited in the transfer OF several lots after
VII ch the figures were as wido apart us at
the preceding call.
Merchants and Mechanics moved up agotn.
scoring an increase Of isc. After holders
WIRE exhausted under thar figure they were
also exhausted Oh the advance and later
asked for &c more. Higgins surpassed Its
late improvements by going to SUt. and alsu
sold very freely az 81 I S.. BIDS were u
little lower on the close, with sellers quito
as firm as formerly. Tho best transaction
yet made was scored ON Sour Lake Springs,
when ten shares brought $50 This is tho
! top price of that stock ana vould have
| been given for more. These two sales rep.
resent the largest cash Investments noted in
some time. The amount reached near Ia
| 5000 and simply supplying Hs VI did tho
/ average demand that prevails for the stock.
I It Is evident that investors possess in
/ creased confidence In the same Equitable
/ was more favorable trader and takers
/ easily went S0hc better Sour Lake OIL
| brought Il SOC advance on one lot and no
! moro sellers could be found Maid of Or
| leans and National oil and Pipe changed
/ hands very readily, but did not bring a
| better value Bids were weaker for Anglo
/ American. Becky sharp and Manhattan
] and those for Trenton Rock went &c higher
/ The total sales amounted TO 5000 shares
The prices bid and asked at the close yes
/ terday and the sales made were as fol
/ lows:
UNLISTED STOCKS.