The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-23
MONEY And INVESTMENTS.
Doinss Of a Day With Wall Street
Operators
STOCKS WENT UP ON PEACE TALK
Foreign Buying Was . Feature, London
Doing Well On Both sides-sis
ling Heavy Briefs

doings In congress In the ivenexuela mat
ter being looked upon in Wall street as
an effort to have Uncle Sammy take that
chip off his shoulder and not be tempting
Johnny Bull to knock II off. sent the
stock market booming along on a further
recovery In prices and stronger tone.
Tho market opened stronger with a gen
eral advance and the foreign buyiag was
a feature. The closing was strong and
active. London not only did well with
cur securities on her own market. but
bought literally on ours.
A renewed disposition on the part of
bank presidents to increase their time
money accommodations is shown.
Sugar gained a point and was strength
ened by raise In refined.
Railroad bonds came in for the good
things, and the largest business was done
In Missouri, Kansas and Texas issues.
Silver 67's: Mexcans 52A.
Sterling heavy and lower on light de-
mand sixties ass; demand As9. Supply
of cotton bills Ia moderate.
One thousand dollars Chicago. Rock Is
land and Texas railroad first mortgage
IS cent bonds were auctoned Off for ~.
and twelve shares of preferred of the
same road sold for 2.
The speculation In cotton was much
smaller I'm volume today. From the char
acter of the trading It looked IA though
the bulk of the short interest had COW
cred yesterday. and this fact. together
with falling In the outside speculative
demand and futures in Liverpool showing
a sharp and unexpected rcactionary ten
dency was doubtless responsible for the
more conservative feeling which prevailed
There was considerable pressure to sell
at the opening by traders in an attempt
to realize profits OH their purchases OF
| yesterday, and prices opened lower In con-
sequence. The offerings were well taken.
however. and before noon almost all the
| loss had been recovered. The sharp rise
In wheat and the better feeling prevailing
in Wall street stimulated the rally TO a
| great extent. The bears showed no dispo-
sltion to renew their tactics. and as there
was little outside pressure to sell the mar
! kot readily advanced on moderate trading.
! The afternoon market was quiet and
| steady the trading was local and feature
| less. 1t closed steady.
NEW YORK STOCK MARKET.
New York. January 1.-THE operations
In stocks today. Whale largely of PROBES
sional character, included some fur out
SIDE buying for European account ana TO
u less extent purchases by local commits
sion houses. Tho volume of business was
| somewhat larger than that of the prcvi-
! GUS day, with the greater part OF the
! trading distributed between -four indus
| trial stocks, st. Paul and y estern Union.
| The London cable report a decidedly more
| che Vrful condition of the public rniiiu re-
| Etrd.ng the political outlook, 50 TAR ms
| relations with Europe are concerned. and
| higher prices Tor Americans were Followed
| by arbitrage purchases in this market.
! Tho industrals as We'll were manipulated
| under special Influences. The initial pr.ces
| terday's final sales and fursher gains were
established of I3QlA per cent, the Latter
| in Rock Island The international stocka,
! for reasons above cited. were conspicuous
! fifteen minutes of business reaction &C,
! Cured in which aside from Tobacco and
| Western Union, the losses recorded were
only fractional. Tobacco gained y per
on liquidation and hammcring by the pro
! lossonal dealers Western Union also,
after an early fractional advance, yielded
a point on confined bear attacks. Al the
leccssions the market Quoted down ana
Ip to a late hour there were no special
| features presented aside from the indus
| trials. General Electric rose rs per cent,
Sugar gained 3-s and Chicago Gas rose
! a fraction and later dropped Ia per cent
| on bear selling: subsequent covering of
shorts caused a fun rally in the last nf-
| teen minutes of business. a squirt of actiV-
! ity developed and the best figures of the
8 per cent dividend on the FIRST preferred
| stock of the New York, Chicago and ST
! Louis railroad caused an advance of 5-S
| per cent while the common and second
respectively The market closed strong.
| The Reading mortgages We're the ieat-
ures of the bond market IN point of activ-
ty and advance; sales sl.oss,cO0.