The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-29
MONEY AND INVESTMENTS.
Doings Of Day With Wall Street
Operators.
lRREGuLARITy THE MAIN FEATURE
4 Decline In Foreign Exchange Braces
the Msrket-Advance in Anshrnctts
aud Union Pacific.

quiet StOCh out Tic ctIohb spAN
was there. The condition OF the wheat
market is as good as any other reason to
attribute the quiet stock barket business
There were early advances and then frac-
tonal declines and several advances ut
the windup. the last being due to fur
Their decline In foreign exchange. Shares
and incomes bonds were strong all day.
while the general fours were heavy. In
the last half hour anthracite shares
showed aggressive strength and Union
Pacific moved up 2A on the action of the
Kansas Pacific bondholders in accepting
the reorganization plan. Sugar was strong
and improved l42.
Sixties 4.s7is; demand ASA: silver 6Iia:
Mexicans 53A.
Cash coffee quiet; No. Z is&.
Supply of cotton bills fair; Southern I'M
changed.
Cotton--Nothing specially rev ine the
character OF thu speculation or the con-
ditlons surrounding the market was de-
vcloped today. The trading continued
only moderately active and was confined
chiefly among the local operators and
brokers The fluctuations during the
morning session Were small and rather
unmportant The early Liverpool advices
were disappointing. Tho receipts at the
ports wero also larger than expected and
there was a lack of outside speculation
The market opened quiet and easier in
consequence with lower prices The press
ure to sell was. however, not great, and
little bull support from a prominent
German commission house, together with
some fair buying by shorts turned the
market up and caused recovery of all
the early decline, an advance over yes
terday's closing. The market was quiet
and steady Mt this range at noon Tic
market was firmer In the afternoon.
| There was continued absence of press
ure to sell while on the other hand there
was n good demand from the shorts and
quiet though steady buying by some Of
| the larger commission trpkerN. Tho re
| ceipts at New Orleans tomorrow were
| estimated at only 400 to 5ln bales, against
| eS9G last week and S66l last year, ard this,
with tho firmness of holders at the South
| and reported recent large purchases al
! the various inter or points by exporters
for direct shipment, stimulated the mar
ket. Cotton on the spot was dun and
easy at SIC Tor middling.
WALL STREET REVIEW.
New York, January 2S.--lrregularty wa
the main feature of the operations II
stocias today. a firm undertone was II
evidence. however. throughout. The re
cent movement of prices was chleny at
trihutable to the professional uetiers ttii'
others who preferred to tax the nfoiil
accru.ng in the advance, INC liquluaupl
i'm this market for foreign account wa
estimated at from 1900 to l1,poV shafts
The dominating influences IL the sreeuia
ton were reports of the probable develop
ments in the anthracite coal trade OIL stea
Importance, as, for example a concsr "a
shut down of collier.es By al i'hlianeipht
and New York companies with "A view y
n relief of the cong sstion OF the marke
n d pending advance OF l3tV25c per 10
early in February. Another factor wa
decided weakness In the market for ser
liug exchange. bringing the rates down I
figures proh.bitory OF exports OF gold eN
rept OF special character An ieH o.
utoreq, in financial circles was the Dc
cisIon Of She United States supreme cour
giving the Milwaukee court Jur'sd. ello
over tho Northern Pacific ia regard 40 w
receiV, rship. The traders starred IN 'et =
10 effect q substantial rcn 9tiou. hut luiie
TO create much impress on ana mat,Iit
declines were the exception. ne dplta.
nrce of supporting orders in dlneront part
| al the list soon caused scramble y
cover in which all of the carly losses "or
REG ovcred. In the interval between y
end OF the first hour aud delivery unle N
oniv importnnt movements We're N Man
haitian. Sugar and Tobacco. In the nnI'
hour tho bullish motives above noted wet
more reflected, and advances, extending Y
"a per cent, occurred IN Sew JerseSe NO.,
tral The grangers improved llliy Sngo
III and Manhaitan 9 a slump OF ga pe
cont occurred in Consolidated Gas; hu
was unexplained unless due To- rSaniEmi.
on a transaction of 800 shares attracte
cons,derahle attention. The. traders w,r
MI n loss to account for the movement
Tho inward movement In the railway an
miscellaneous bond market was resume
today. with the Reading issues again IN
features on buying attributed TO INSIDERS
sales 1881 900.