The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1894-03-23
MARKETS REVIEWED,
Low-rrroEp STOCKS COMM TO THE
rnoNT.
Texas rsoino statement Causes Good
reeiinr--oeid shirmsnss Not Ansiei-
pased Cotton slightly Lower
with whent and Corn.

New York, March a1.-rhn low priced
stocks attracted a great deal OF attention
this morning under the lead OF Texas Pa
cinc The buying OF these stocks was OF &
SUBSTANTIAL character and seemed 70 be
mostly based upon the excellent state
incnt made BY the Texas and Pacific
company yesterday. Analogous reasoning
made that compnny's issues the active
and strong features Of the bond market
and smart advances were ecored IN both
the tlrst ana second mortgage bonds. The
other Southwestern securities were also
unnauaily active, both the Kansas anu
Texas and the 81. LOUIS and S9nth .,.V,
Pacific. 1t hns recently been tho csae
that the extension OF the speculative IN
terest 10 the low priced aecnfIties marked
The general marker. however, while quiet
was very Hteady. s.
The room traders paid soma attention
to Western Union. but met With no more
than their usual recent success.
The granger ehares We're all strong.
the relatively fac statement of the
Northwest company for February coptrihr
using TO this end. The company reports
earnings amounting TO nearly S3,2D,poo
ana there Is but little doubt that a good
Increase In net earnings Viii result on
balance. It may be remembered that At
this lime last year railway earnings
when compared with the heavy gains OF
1892 began to decrease rather heavily
this years earnings then win appear less
uniavorable IN comparison.
The volume OF huSiness was light. but
very lifrle Of Il was dehected 10 the in
dtstrials. or this class distiiIlnS was
81 business Infatuated within narrow linz
Loudon houses were fairly liberal buy
ers Of various stocks aud also Of seine
.1N
their recent purchases seem 70 have been
Of more permanent nature than before,
FOR offerings Of mills against securities
caused an easier market Tor exchange
The chances are against gold shipments
on Saturday The seisnorage biii played
little part as 9 market factor
The speculation grew narrower as the
markably firm considering the approach
OF holiday 1t IS the bears and not the
bulls who are afraid Of unforeseen devrl-
opments Instead OF becoming weak.
however, the market today became simply
stagnant.
The London stock exchange viii Be
closed from tomorrow until Tuesday,
rather uoteworthv
There were no special features uf In.
tcrest ~ The markei. New England was
on The London opposition Developed 10
the plan FOR funding The coupons on the
general mortgage A.
A very weak tone for raw sugar and
further salee have been made on the
hsssis q s. for as centrifugals; osk for 81.
Muscovadv. ~ FOR 50 mol0ssea sugar.
Spot eoiffIee dun and nominal on the
basis Of llssff KS Tor Rio No. Z on spot.
Silver sais Mexican dollars 3Sa.
Coffee dull. March le50Iis60.
The market for cotton seed OH ia show
ing some steallness but not mitch nctip[
ny the pnasing eaies being small i0hbinE
y to The effect that there Is very littie
husiness under way there bur that rficns
are aDpnt steady. ne qiintas Friraa
q ny: on orude 245I25 iuifer oil q pfiIas,s
summer yellow ~, se4afs NJ summer Fel-
low s0i PRIME summer Whita Afs3i