The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-01
MONEY And INVESTMENTS.
Doinas Of a Day With Wall Street
Operators.
THE STOCK MARKET IS BOOMING
There was . General Advance All AionI
the Line-A Small Business Done.
Sterling Down.

and the stock market IL whcoping Itself
uo. There was general advance all along
the line. Londons prices below parity
didn't affect us. We doomed in spite Of
them. We closed the old year with re-
newed activity. A most glorious wind up.
Why? It's fnct that so many folks
bought on that eventful Friday the good
bargains that were and the few days
thereafter and are holding onto them so
tightly that they believe that the new
year is even going to bring better times
and higher prices for their shares. This Is
one reason for today's small business, no
ono wanted to sell
Local parties who want TO be- In the
bond syndicate paid n premium for gold
of q, to l per cent to bullion brokers.
Kansas and Texas preferred and MIS-
souri, Pacific gained li4miis. Missouri,
Kansas and Eastern firs's bonds advanced
points. Wabash seconds 1s.Ml7s Sterling
down to Asa. for sixty days, Demand
i.s9. Silver rsn off to 667S Mexicans 49,
Cash sugar firm; granulated 47s Coffee
dull No. 1iA. Supply OF cotton bills fair.
Bullion dealers bid Is cent premium for
gola, but could obtain none at that price.
The lowest offers WERE at "a cents
We gods. but cotton did go It today
Particularly In the afternoon. A further
sharp Improvement In values was ostab-
lished and conhnaratlvely large business
was done considering the holiday tomor-
row. Liverpool furnished the stimulus
that caused the Improvement The mar
kets therefore, both SPOT cotton and future
deliveries showed much better response
TO our advance late yesterday than the
trade expected Various reasons were
given for. the shnrp and rather unex-
pected movement Int the most n,ausibI,
ono was tim, the foreIeners had been
frioh,oped into covorin,- by tho cenara,
prad,ct,ons of n sbarn and almost per
neraicular falling or In the recaiu,s NJ
cotton Mt the south. Rut wbatevey was
the cause If 1,vorroo,'s advance I, h, slv
scared tho shorts bere and os tbe nar,se
bad haer beoy,I,. o,,.,.n,a ,bora ,vos q
generaI scra,nb,n 10 co,,a, COO, as IN.
market openad which continued nm "a tho
noo, hon. ,rhor, ,,,s I,,,Ia rraas,ro "a
eel, tro,, oi,he, ,ha Io,oI ,raaors ~. mt
s,1o source. =, coo, n,,,r,,hod,, wanted
IN huv or5 tho or,y callers uere those
,.b, ,,or, low, -, ~, ,,,a,,,o. o,,a ,,aro
a,s,osed 20 soc,,rc ,hot, ,,,o,,,s
,rha DO, ,r,,a, ,,.o., ,,ada M < no,cte
advance and ,his i,nnro,,ament Was crndu
ou,, ,,,aroos,,, q, ~ -. "a ro,,,,s ho,oro
any Wv ~ ~ W 2" po'"N' ~
10 u ci"ch' me Receipts HipucTate anu Tue
Southern spot markets firner and gen.
oro,I,. doora. With tass cot,or ofrariny
.ia"s WIN 'ess .o''o. m
AZ helped 10 stimulate me marie, hhi
| hold prices firm at the advance. S'he tOtul
| sa,es nm IN roon wore 100 sOo bo,es
- -, tzt... a,,a,,,a,to,,, ha,,o ,ao,,
seen in cotton since the continuation of
the manic In II last october. as witnessed
| a,,,,,,,s ~ or,ar,oo, n uos a u,,ld War.
~. NE - - ..,a,r 80 49, ro,,ars.
| ket win neaVy ,raulns ana Just reVe'se
! eve of n holiday. Opening at sos for March
a,,d ., ,or N,,, agoins, 3 n, aud sn re.
anu 60 io' Wy, "s'",r ''a ,.'a, ~,
! heavy continued buying until March sold
/ q, - No az 1,,yo commission
at e'%f an" way 49, ,al,
/ houses did most OF the buying, ono TAX
| ing abou, Is 900 bales first and the other
r,,r,hos,,,o ,rwards of d. 900 bales. There
puiOr"'.hs W." ..,,,,,,,, .,
was nothing ne" IN inc Faae o"''Yoh W
ing espee,allv at this uncertain stage.
ing .. ,,,,e ,ha lowering of n
| IL ioohp" i"oN '"V -.
! large lot OF shorts put out py iarBe
on.rntor I'm which there was a large and
/ v,fs" -. IA DC 40 an order had
handsome proiit anu a1 - 80. o,i,o,
been given to cover the cotton market
at tho best price possible. After the TWO
no,,sos mentioned ceased buying. the mar
| -. .,..l.,a1 o,d sbart,ly declined 10 points.
M NJ 'va .ni,, vas unusually heavy and thu
ny tiu r ,ransactions were in To-
nu,h , Wt f,nn, 1o1o 10 1000 bales. The mar.
10. LIS, yerv feyerlsh aud irregular and
in, ~ waa IN the late trading, and the
1870, '", Us much uerplexeu as to the
ea,top,,,e 81 the DAVIS developments. Mar
1Iu a, oinsed u firm. "'
No' N''' -
NEW YORK STOCK MARKET,
| .,har ., THE q ock mar.
New YORK, Dec, iipe' .,aocfossionaI one. at
ket was essehtiany a. pp,,o,y AZ ,he CLOSING
was to be eHpecteu III o,',py m Of c1n.
or me year a,u t thars'o THE prlncira
tracts incloenthi Gienond,n, roverntnen
influence was NV III MIN f,rerastl
bond issue coicerhinS w. definite IL
were made som,Wnu ~ ,rhev cnn.
| character man n et,oo ,,,o, ~ n,veitv. A,
tanned put nLuie ~ ~ W, 49, disnatches IND
has been outllnen ~, ,,,om I6ractlca v sinllaI
issue VIII be nlaue upos, Z. 'ar, 1so5 Th'
lines to the loan OF feptu No ,'r,,e n
chief manager is t,e ,h", ~, ~ tr'.,snr,
bonds IS expected ,r NJ Nv r.e ~, rover,
about IA per cent. ihe ~, 81 Ia IRON
the delivery 10 inc tr.hisuis ~, " s,at dnt on
outside sources tluNaismo u , 81 n
with an option on an sluui ,'Iie,t ~
be exact 1t calls f9r u 81 n
o75VO ounces OIL golu an" ior "''"'''
sum in case o. neceSs 'yy,,. g 70 ar
Messrs, j. Piernont Morfan ~ "a /
the managers or inc syhui at ~" he
apportion the aiiotp,ents 70 ~ y, ~ 4