The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-24
MONEY AND INVESTMENTS.
Ooings of Day With Wall Street
Operators,
lHE SCARE OVER IN WALL STREET


New York. December 23.--(Speciai )-Thc |
skear' is over on Wall street for the
present and Its lenizens are walking about
with the air of who was afraid7' At the
start OFF this morning the market WAS a
scene of extraordinary confusion. There
were heavy buying orders in aroitrage ac-
count, designed TO take advantage OF Lon
don's higher level by purchasing here and
selling there. There were many local buy
ing orders for people who believed tina, the
turn had come Under suct Impulse there
were many instantaneous recoverics, 81.
in New Jersey Central In Rock Island,
st. Paul and Sugar certificates.
H. the bond department some notable re-
coveries are noted. Southern Railway, for
instance, which sold for 50 on Saturday.
rising TO VI, From noon untll the close ii
was an exhibition of strength many stocks
advancing steadily. There was a heavy
covering Of shorts. Money vas up to 50
per cent. sterling exchange disordered.
Several powerful concerns loanng money
at relieved tho strngency in rates on
CALL. The acton of the barks and trust
| companies in regard to the money market
did much to relieve the situation The
meeting of the clearing house association
also helped to make matters better. The
association has also undoubtedly author
/ lied the Issuance of clearing house loan
certificates. Nearly s., 000,00 was at once
lent on the stock exchange at I per cent
and more offered at for the balance of
| the year. Sixtys ASS, demand 4.S9t., silver
coz MeNicans 5.i9.
Standard Oil interests were heavy BUYERS
of Kansas and Texas securities and St
| Paul.
The trading in cotton was less active
! today but the market continued fevcrish
/ and irregular and unsettled throughout.
| A better feeling prevailed nj the oncuing
In consequences of the hot,or tons IN tho
foreign markets. and tho ,h,+or,cnt Of thc
paniclv feeling in Wall stree, ana tho
market onened active and huoyou, -,
points advance on Doccp,hor and I'M.
nary and r ia 7 n,ipts an the balance ~
tbo ontio,,s I,rlv r.t,.,r..,, ,,,,i,.. 80.
nor,od snot cot,o, ,,oro or,, r,,,.a "a
ytces ,voro bctter tbo,, nynoctn5 o,d
ha,,od 10 ,,,n,,,ia,, ~ ,,,..'.,...,,,, ~.
tho ono,,i,,,- h,, an ,,. ,,,5 ,.,,,'',, ,,l',,
s,nsid,d as ,a,.r tt,.or,,,,,,, H.
no,,,,a -, ,,.'.,,., h.. ,.'',1.
,,,.o, ,,i,si,,,, ,,.u.,,, ,,
Early buyers reversed their position and
turned sellers. Saturdays buyers also
liquidated and the market broke undor
the pressure. The advance at the opcn-
ing was lost and by noon tho quotations
showed a decline of 10 g polnts from
SATURDAYS prices Renewed unuidation
by commission houses together with sor,o
ivern,oI ara so,,,,o,,, .aIt,,,,. -
INV. l''' anu "outheTh seiiNS pfecipa-
tateu the decline ana the markee ruled
easy at "A low level throughout the hal
~ ~
"''N' - wv ibitAiubf StSSltus iilF lQtIhtt
continued very teverish and irregular
throughout the afternoon with shnrn ..rd
,o,,,a,. a,..,...t ,,, 49, 80"
',4"e"' ''", '""''oh mo carry d'cnne
was followed by sharp rally on "a move
ment to cover and robtvinr bv s,nn, Of
.h. ,.,ti , 20
" ""''' ""V S'l" OUT OH il4uhy anu
saturday which carried prices back to
tho onentpy o,ot,,i.,. MI IL. -
i.,., '"""s ""S
i0'Via'eiH drtNe IN inc last hour nut
very much mixed and largely of a local
character The charm r,,,,c,,. d., ..,,,,.,
tics an tho s,,,,,, o,.,,,,,,,,.. ~
e'' u" Wv S'ocN eNohai'Re hau a hene-
nridl effect upon the market In the late
trading and the undertone III tto ,to,
49,, 49, l ~ Wv "S
was sNhuS, cotton ON the spot was
steady at Saturdays prices. with sales
of 39lS bales on Tho hasts az siL ,o,,. o.
,ii,,t W ''''N' i''
'H'""4'i's' ha'AVt closHu STEADY.
NEW YORK s-ro[ly ,.ADrrr
New York. December 90 The al-imQort-
ant consideration affecting tho .,oct r,ar
b., ,.. ~, - -. N''e' "'''
N'l was NHe neV'S'pl arr'Ned al by the
clearing mouse committee sunday al tho
National bank ana caplea al rnidnte,,
"a odd, :, ..,,'g.,,,,,,,,,,., ,,' t'
'' i'"''NN" i" ipN"H''l'"" that the issue
oil certificates OF clearing house loans ~
mace at once II necessary. inere u good
au,h0rity 1hat TINS timely acuou IA. ned
the sentiment In London 10 ths buil stoe
oI our securities ana incldcn1ahy auu.
elpated tne panic here. 1ne d.sp,oporaon-
ate engas enents Of gold TO europe ON
y ednes -,y aiso was attributed 10 tnis in
tuence. Inc days operations cNniuitcu "A
declded aud wno4esome contrast 20 the
panic OF Friday ana Saturday. The VOC
umc OF business was wed dstnbu ,ed, uu.
the dealings shrunk 10 an aggregate OF
aDpu. a.u...J hnaics below h'u.Ay grand
Total. The main interest before the open.
Ing here logically conferred IN the l.onuon
prices for our securities ana as the cables
recorded advances up to rs per cent a
good rally In the local markc, was con-
ndenuy expected. II was aiso known tnat
large buying orders had been received
for foreign account to be executed in this
market. Accordingly amid considerable ex-
element the iniual prices were moved
rapidly upward the advances IN the FIRST
Nau- Iarea,- H.ptraI fi'ba rSer n.I i,...n o.,