The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-14
MONEY AND INVESTMENTS.
Doings Of a Day With Wall Street
Operators.
GENERAL BUYING SENT PRICES UP
Confidence Seems TO lie General at Home
and Abroad Outward Movcm"pt
of Gold Predicted.


was lovely stock market today. II was
expected that the setback OF Tuesday last
was to be continued today, and even moro
SO. but the moneybags In tho old coun-
tries We're Influenced toward us on the
peaceful phase of tho Venezuelan ques-
ton has taken andeour general financial
condition, and they bought largely. and
this started the ball Homo buyers accu-
mulatcd in large patches and bought free
ly. This practical exhibited of general
confidence sent prices UP again, and II
was strong and active market and
closed So There was also an increased In
qulry for railroad bonds Tobacco was
ono of the most active stocks, due to It's
annual report. Sugar was a firm feature.
Missouri Pacific was conspicuous feat
urc The best prices of the day were
made just before the close and an influx
OF outside buying orders helped 1t.
Sixties 1864; demand iS7;. silver 6'Ss;
Mexlcans 54i. supply Of cotton bills was
moderate
Gross earnings returns for the first week
of February show Rio Grande Western
500 ahead for the fourth week of January.
$3.50 ahead for the month OF January, and
about $4,000 ahead on the year.
The bcarish influence of Liverpool adj
vices led 10 general selling movement
for both long and short account as soon
as the cotton market hero opened. There
was only a limited demand and the weight
of the offerings resulted In weakening tho
market all along the line The initial
transactions We're made at II decline from
Tuesday's quotations. The pressure con-
tinucd throughout the forenoon and prices
sod off. The bunk of the selling was IN
liquidation of long contracts for local ana
Southern account. one large local opera
tor, recently very bullish, was credited
with having unloaded The hears helped
him and other traders to sell, but later
ON reversed their position and bought
freely on tine break.
The market continued weak throughout
the Afternoon session. l'he trading was
more active than for some time. but 1T
was ut the expense Of vGucs. There was
a constant pressure Of liquidation of old
long contracts many OF which We're made
during the Wild speculative craze Of last
summer on the exaggerated crop damage
reports, while the demand was light. and
came almost entirely from the local
shorts. Tho movement Of the crop was
ubela al, cons dering the bad weather con
ditions now prevailing throughout the
South, and this fact. together with freer
and more urgent offerings of spot cotton
ana the continued absoEce of support
kept the market weak W to tho cos
Market closed steady.
NEW YORK STOCK MARKET
New York. February lS.-- 3asinesS after
the holiday started under stimulating IN.
hucnce of higher prices for Amsrican
stocks in London and bu,lns orders Ter
that account IN this market, chiefly for
st. raul and Louisville aud Nashvihe
! This cJndiuon of affairs was mainly at
triputapie to The concidutorr tone o. Inc
quccns speech in reIdlon TO the Ncny-
Huc.an iuurugio I ne local marker, WuIie
somewhat loss active tuan that OF Tues
day and irrr guar at times. exhinltru
an undtr current OF strength that was
AS surprising AS IT was unpaiatonlc to the
professional bears and the buds without
stocks. influence bearing upon special
stocks were the annual report OF ino
American Tohacco company, the decision
at Albany favorable to the Chicago Gas
company IN tho Piti- Barrows case, au1 d.
strong and higher market for dotncstc
and foreign sugars. In the late dealings
the market was stimulated by WGshil
ton forecasts oil decisive silver de; eat bY
tho house co.nmittco OF The whole, ral-
road earnings that came TO hand were az
rule faycrdh e. and pi ~ticton Of am
easy turn provided money continued on
about the present basis.
In purely speculative circles a poeslmis
tie tone prevails on the subject OF the
probable actual results of the now govern
mont loan and predictions Of ros'rnp-
ton Of the outward movement OF sold
within six weeks or less are freely made.
Tho market opened fairly active Bnd
strong, with Tobacco congpiCuous 49, an
advance OF on tho favorable report e
earnings for the past year In tho face or
the severe contest that has so long beon
wagcd with the plug tobacco manufactr-
crs: the report, however. did not make
clear the reason for the rloomy STAND ]
taken by the management IN regard 10
tho last dividend. Other important but
less mBterin improvements occurred In
Sugar, Chicago Gas. General Electric ana
Louisville ard Nashville Manhattan was
wei supportcd. gaining "a, with suhse-
nucnt break TO lhi9milO. The manipua-
tlrn Of This stock for some time past has
bnf1nd all sensonahlo Interpretation. Vn
TO midday the movement m prices bud
been somewhat erratic but after That the !
entire list developcd an upward trnteury
vile Chicago Gas and a few others ira1c |
tho greatest progress The Gr1u~"rs and !
IoulFviile and Nashville pained 1@Gh. The !
last mentioned making the extreme i'so,
Missouri Pacific declined l% and subgc- |
ouont'v recovered almost al = the los
without EXPLANATION. The closing was |
moderately active and strong ut the host |
figures Of tho day. RAILWAY bonds were /
lesq active than usual recently, mlt IN !
inward tendency was noted. Sales 'l3G2'- !
900.
BONDS.