The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-07
OIL STOCKS MILDLY ACTIVE.
IMPROVEMENT IN DEMAND
HELD OUT WELL.
Higgins ln1proved--Palestine and Beau-
mont strone-M. and NJ. Active.
Good Bids for Sour Lake.

Moderate activity prevailed at the on
and Stock Exchange yesterday. The recent
Improvement In demand for stocks that are
known to be backed by companies making
Roadway toward placing their product on
the market and realizing earnings Ter the
holders became more pronounced. and the
range Of values frequently reflected this
better feeling. There was also increased
activity on the rocesslous which altogether
made heavier aggregate OF transfers
Anglo American was weak seller at =
cents, aud bids less than that we're stoutly
rejected. American Oil and Refining mewl
sold at an advance Of sc after which
traders were very wide apart Drl.lers was
much heavier seller than formerly and
was easily obtained at tho recently standing
bid Of 5lac, When the demand was dlled
on that basis ono lot was obtained ut &c,
and sellers moved higher ON the close.
Higgins again made improvement and an
advance of 25c was given for ten shares.
This exhausted holders around such terms
and Increasing bids did not attract them.
The latter finally went up to S63 so gain
of 81 over the former day; while sellers
moved up to S64 Ood6J.0o
Palestine and Beaumont took a decided
jump and after sellers were exhausted at
prices showing NC increase no more could
he had for less than cent advance. Mcr.
chants and Planters was as active as in
some of its best selling days, In point OF
qauntity. Values still remained under ]
| cent, and all holders at &c We're entirely
exhausted. The ask price was increased
to n cent on the last call with bids at &c
Fort Worth traded ia advantage and there
was still an untitled demand at prices
around that for which sales were made. y
good trade occurred in Expert on and Pipe
Buyers went &c above recent advances and
obtained 500 shares. after when offerings
were withdrawn Manhattan was again
in good favor. and there were no responses
10 bids around SOC and 5oigc Sellers were
! very firm and good quantities we're wanted
| Enterprise sold at slight loss In value
| though much was not 10 he had on that
| basis Hoston aud Beaumont dropped vel
| below recent selling prices. and German
| American sold at loss of &c on tho day
| GLADYS Of Beaumont brought top prices a.
| could not be obtained for less Bids 70
! Beaumont Confedernted declined l2C. and 9
very strong demand was IN evidence fol
Bcauront Saratoga OIL and Pipe. oGcr'
for Sour Lake Springs reached tho hishcs
mark vet made without bringing response
from holders The stock was wanted a
SIPS. a premium of 1--WE TO one on It's pa
value Beatty was in high favor but hold
ers were too steep. Bids increased 70 2l2'
were again made for Victor, but did no
cause sales Buyers Of National oil anc
Pine would not 60 over Doc, and Becky
Sharp was in practically an unchanged at
titude The first inquiry noted for SOM
time appeared for Trenton Rock, but bid
were a little more than half Of prices To-
which the stock was offered and no results
occurred. Forward Reduction was Offered
at $3.50, but buyers did not advance. Bid
for Houston oil increased $40. but there
was sim a difference So wide between
traders that sales were not likely.
The total sales amounted to 6s,p1o shares
Mr. James n, MaybeTy Of tho arm %
Cargill & Richardson has been elected Il
the board Of governors Of the Houston OF
aud Stock Exchange, vice +. D. Comfort
The prices bid and asked and the sale
made were as follows:
UNLISTED STOCKS.