The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-19
MONEY AND INVESTMENTS.
Doings OF Day With Wall Stree,
Operators.
lie DAY WAS A VERY DULL ONE
movements Were on Wire Pulling by
surface Spectators Less Pressure
to Sell Cotton.

New York, February 1s.--(Special)-lt
was stock market of little consequence
TO-DAY. with irregular changes in prices
starting off with an advance then a re-
action toward the close. The cockneys
were moderate buyers Sterling exchange
heavy. The movements were on wire
pulling by surface spectators. London
gave the carly show of strength by its
buying and local operators helped. st.
Pauls good earnings helped the granEers.
During a haltng period the industrlals
came In for flyers Of this group. Sugar
gained point on buying by Federal
senators, so It is reported. Bonds con-
tinue to squirt upward.
Sixties 4s6A; demand ASS; silver c. SIS,
MeNioans 5Ss.n5is.. Supply OF cotton bills
| moderate
Gross earnings returns for second week
OF February show Denver and Rio Grande
about $1,000 ahead, Fort Worth and Rio
Grande about $1,000 ahead. Missouri Pa
cihc about $1,000 ahead. Central branch
5000 ahead; Rio Grande Western about
500 ahead; Texas an Pacific Sl600o ahead.
Cotton was quieter and steadier today
with less pressure to sell and a little
better demand. In view OF the recent
sharp break in prices and the heavy
liquidation of long contracts with tie
elimination of tho scattered weak long
interest, this was only natural and to
have been expected. Tho receipts of cot
ton at the South were comparatively
smaller and tho Liverpool markets were
st"adicr. These more favorable items,
coupled with a subsistence in the outside
pressure ia sell created u better feeling
IN the trade and led to continuation
OF yesterdays covering movement among
the trade and Induced tho local psculators
to come into the market and buy quito
freely for a rise. The market naturally
responded AMI opened up steady with the
first prices showing an advance All hut
to points OF this Improvement was lost
after the call on realizing by local scalp
ers' who bought on the break eserday,
but the market hardened again later
and advanced on covering of shorts,
Al l O'Clock prices were steady at an
advance. The speculation IN cotton was
only moderately active in tho afternoon.
The demand from tho shorts fell of.
which seemed to indicate that the ma
torty of them had covered and as the
buying power from other sources dimin-
ished, the market easod OFF and prices
lost ~ arly all the carly Improvement.
1he unexpected appearance OF L. D. Ar
mour of Chicago on the floor of tho cx-
change in company with several proml-
uent local bear operators caused uulte
a huttcr among the smaller room traders
1t was thought that he was In Chicago
bulling wheat and his sudden Introduction
among them made some Of the Little fell
lows nervous and inhu need them to
sell out their early purchases. The mar
ket was quiet ami steady in tone at the
close.
Spot cotton was quiet ana steady with
sales of Ssi bales reported AT yesterdays
prices. Market closed steady
NEW YORK STOCK MARKET.
New York February lS.-The stock
market was rather duu throughout the
day and devoid of special interest. As
a result Of the trading prices are pretty
equally divided between gains and losses,
but neither are OF much Importance Dur
ing the forenoon speculation was in good
tone and then tendency of prices was
generally upward. Purchases Tor the FOR
tluouces If the market and aGditi0nal
stimulus was given to the purchasing
movement by the satisfactory condition
of the money market despite the heavy
drains upon il In connection with the
financing OF the government bon loan,
Another strong element was the almost
uniform character Of the report OF the
railiCad earnings fer the second week
in February. which in most instances
show gains. Rum1rs calculated to move
mp Sugar certificates were put in cWcuia-
tion, but had ltt.c or no lifting power
for the stock. Tho chief advances were
Louisville and Nashville III and Tcnnes
see Coal |, the latter on buying induced
hV improved trad condition Around
midday the market became irregular on
a light volume of business ana figures
sagged slightly thereafter up 70 the last
hour of business, when ~ somewhat more
pronounced ceiling movement set IN.
which resulted I'm loss Of the greater
part Of tho carly advance ana In some
brought figures down below the bottom
figures Of The morning. Manhattan was
exceptionally weak and fell of 2i4 to 23A.
The other gold shares We're also heavy,
notably Missouri Pacific, which rccedod
~. Leather preferred dropped ~ on a
rcitevation Of the no. favorable gossip as
to February dividend. Now Jersey
Central was pressed down ~ owing to
the hostile attitude Of the New Jersey
LEGISLATURE toward the coal combination,
The concessions IN the balance Of tho list
extended TO II. in Chicago Gas and 1
In General Electric. The closing was
Today's bond operations w.re quiet and
uninterestinr A firm tone prevailed.
how ever. and gains were generally scored
extending to IT, I'm Central acihc skies ot
1896 Fort Worth and enYer city trust |
receipts gained I. Aggregate trausac-
tons Sll090o0.
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