The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-01
MONEY AND sINVESTM ENTS
Doings Of Day NTH Wall Street
Operators.
The BEARS RAIDED THE MARKET,
Used tho Cuban Resolution ms Cudgci to
beat Dawn Prices on Several
Occasions.

Occasions.
New York, February % .-(Speciai.) 1.-The
stock market was active ami excited UNI
usually large business for Il Saturday half
holiday Speculation was Influenced by the
action Of the senate In passing the cuban
resolutions and the unfavorablo rumors
ailoat ms to the uosition OF tho baltimore
and Ohio company. There were frequent
declines and rallies; the widest variations
were In Baltimore and OHIO securities
which were decidedly lower under renewed
pressure to sell. II "a reported that the
company has been unable to obtain the
money necessary for March interest ana
n receiver VIII be appointed nothing oft
cial TRANSFERRED, however; Il Is difficult 10
obtain definite information owing to the
absence from the city of the representa-
tlves Of the company.
Cotton was duh and devoid OF features
worthy of note. Tho trading limit was
chiefly local in character. fluctuations
small and unimportant throughout. me
net result OF the days business was an
advance Of to points over last nights
| final prices AMI the development OF
steader undcrtone TO the market. The Inn
| provcmcnt was due to the covering OF
shorts by room traders over Sunday and
the absence OF pressure to SELL Nothing
| oSpcciallr now in crop advices was re-
ccivcd from the South, which was of the
usual routine character, and as Tor the sit
uatlon Mt Fan River and Providence 40
change was renorted I'm the otitlook at
either noint Tue host ,nformnt,on is tina,
| N'V - -
there VIII he no general movement TO run
| the mills on short time. Closing steady
| NEW YORK STOCK MARKET
Nv, vo,l rh,,,,a.. ,o , .,, or
w" io'N' rNr""rF "a renewal OF
| the heavy selling movement inaugurated
| yesterday In anticipation of vote IN
! tho scnatn faNoIing the recognition of
! the independence and Daligcrcncy of the
| Cuhaus marked the resumption of trading
! today, London prices for Americans were
shaded and foreign snles in this market
| were fairly large, The early declines eN-
| tended to a point or Whereabouts pnd were
most important in sugar, Baltimore ana
| Ohio. Louisville aud Nashville ST. Paul,
! Chicago gas aud heather preferred The
| reaction was soon st,Jnmcd by fairly large
| purchasing orders for both accounts re-
| sulting IN smart advances above yeatcr-
| DAYS final sales ia a number of cases
| Leather preferred scored an exceptional
| rally from the low points Of .. aud sugar
| and Louisville and Nashville recovered
! IL, each The Disturbing rnports and as
| s,inpticns regarding The outlook Of the
| Baltimore and Ohio together with The
| positive statement that the March interest
| had not been provided for up 70 the be-
| ginning of business ON the stock exchange
| resulted in an outuotirfnl or stock depres-
/ sing the stock 2ss with an insignificant
| raliy The MORTGAGES of the comuany were
| nlsn consu,cuottsfv ,,onh rho fIvoa nt 100
| ZEN ia "a ~ against ID vcster,loy and tho
| ronanls Itvrs of lgSy were offered ut "
| seller 90 . ms against TOO Inc last nrevious
| s1le There was renewed pressure against
|
| an nj tho oarIy. i,nuvoNfmeut yak last
! Spcculation lrft or active nnl weak IN
| innc ST cenrral not iossrs Of fractional
extent
| Suncnlhtfvo conJitiops M tia oppnlnr
! and close of the week were in marked
| cnnt,,,st illnetrntint tha pr,verhiaI nm.
| cnr,aintv attending opernttous In wall
| street < dcci1rdIy hullish tone nrevaiiei
| Al mo outset based upon liberal pur-
| chases of our securities for foreign ac-
| count The cheerful sentiment was
| hcirhten.d bv Tho large Increase In the
/ ,rc9snt,v rold reserve bringing tho ns-
| lres ,,D 10 si29 522 SIS, t'onfdencS was ais,
| ana c1u1mnrcial uapcr markets 10 good
| showing OF railroad earnings and from
| predictions that Tho treasury operations
| ror t.chrm1r, xy,,uid shaw a email min ia
| revenue an5rt from results on bond No.
| co,,ut An ,ifv,nrJ ,,oyennni ,vns started
| which attained lnA,raI proportions in tho
| VandcrI,JI.e n,-tninent internnttonai
| sto"Es n1d sonr Of Tho ,ndustrjolg COM
| n,iesion housns bnlltsht literally ar1 fine
| dist r,bution of the trading was unusually
! cood DvriI,y 70 n series II ,mnortant dis
| ..n,ti,,c "a, r1,.nts Inc favorai,l,. inu,,nncca
nn, % ,yaro subsen,jsutIy nvcrrast and
| uricca Loeop n downwnrd trcnd wlticn.
| ,,.,ra NJ nr1 ~ ,i,e ,vael, painad rniicn
| 49,, In certnin securities 1s to arousa
| rCnsid,,ratln annrehension regarding the
| ,osyitte e,,nnatbctic effect unon me cen
| ll,ai s"ocnimilon Tho annual renorts Of
| ~" ,sIlf,5 etatc, I e,tter '.,rrnnnv rrc-
o otod :, .torrn Of hostile commrnt nnd lis
| ,liia,jor ~ irsri,'itatsd finod n selling
l w. ,,Ion,r, forora'sts of INC nut
0 oou,n a. ~, saxneri aynmjnat,on in vro-
! gress regarding the finances OF the Bait
NV, ,iu' s, o." 90 - he nrohahjo nt;ant Of ,he
| PRACTICALLY unanimous vote IN the United
/ STATES senate i'm favor of tho RECOGNITION
| of cuban beIigorency and Independence
| urovolss6 wholesale iiouidaticn and per-
| sststcnt and efrectjye raids Inv the bears
| 1he scyerest losses were scored In sugar