The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-14
OIL STOCK SALES INCREASE
TRANSFERS OF BEATTY
MAKE IMMENSE TOTAL
Victor, Gsrman-An1erlesn, Merchants enc
Mechanics and orillers and Higgins
Make Advances.

Yesterdays session Of the Oil and stock
Exchange was long drawn out but developed
splendid trading In the dual moments 1t
is worthy of note that an increasing de.
mand is in evidence on a portion OF the list
and that It is equal TO the best that has
existed in former days. The opposite course
Is being pursued on other stocks and the
condition OF affalrs indicates that the seour-
tiles are being CLASSIFIED by investors aud
there is no timidity where the companies
are making Roadway toward the realization
of promised earnings.
Victor took a squirt and rs cents would
have been readily given for the stock.
Holders would not come lower than cents
and very active trading was ayerted Ter
man. American made sharp advance and,
after exhausting all sellers around 10 cents
there was a strong demand at another in
crease of l cent. Bids on the latter basis
were freely made on the close and holders
went up TO Is cents, with only paltry ofer-
! ings at that figure. Merchants aud Mechan-
les gained Is cent on the day and all sell
ers were exhausted at the improvement.
I, The offer was persistently refused later and
the asking price was marked up TO is
| cent. Drillers took decisive stride for
! the better and systematic advances of "
/ cent occurred on each transaction until the
final one showed a gain OF "a cent oVer the
previous sales There was much activity
and the demand was not hlcd at best bids
when the last call occurred, and holders
/ made an additional advance OF y cent
Fort Worth traded TO advantage and larger
inquiry appeared for further blocks.
National OIL and Pipe was a much i'm
proved seller. but values did not range any
higher than formerly. All the trades took
place at 24AM24l2 cents, and more could
have been obtained at the last price named
Beatty has been an active trader Of late,
but at no time reached such selling record
us at the days call. The Strength OF prices
was manifest throughout though the bulls
of the trading occurred on an unchanged
ed at IA cent and there were unlimited
orders to buy at that figure. An advance OF
( Is cent was made on one lot and sellers
afterward held for ~ cent more. lndepen
dence was a moderate trader at the former
prevailing price range, but no improvement
was noted in the demand Beaumont Con
federated was again weaker and sold al 4
loss OF l4d1a cent on the day. The stoct
was offered at the latter price on the cos'
but takers were still - cent lower Inter
national was an active seller but ranged
lower about u cent though number o.
Iakers were not accommodated at that price
Bidders on Sour Lake Springs stock Wen
their former advances several degrees bet
ter and in the ueighborhood OF $50 wa
offered, which is $40 above last precedlni
sales The only holders that appeared aske,
$3.50 Bids for Higgins were Increased 2
cents. while the ask price was moved VI
as cents Manhattan was as weak as l
has heretofore been Tho stock was onereI
"a cent below the former day, hut buyer
showed no inclination TO even meet thl
The total sales amounted to 2e9, 4o
shares.
UNLISTED STOCKS