The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-21
Doings Of Day With Wall Street
Operators.
EXPECTED Squirt IN STOCKS CANE,
Foreign Buying, Reluctance to stay Short
and steadiness OF tho Holders
Were tho Causes.

which brought a temporary halt But II |
soon became plain that real owners of
stocks. encouraged perhaps by London's
buying. We're holding for better bids. The
late and decided strength IN stocks was a
result of this, also, perhaps, OF the reiuc- |
lance Of traders to stay short when im-
portant diplomatic news may he received
during the double holiday. There was no
news NJ all today. one very important
factor. however, which has not yet re-
coivcd it's due share of attention is the
decidedly sure tone of money markets In
the face Of heavy payments on the bonds.
The new fours continue to score advances.
Railroad bonds made higher prices us a
rule and wero in demand. Denver and Gulf
among them. Kansas and Texas seconds
| aud Denver and Gulf lirsts scored ial3 adj
| vance.
Foreign exchange steadier; sixties 4Njie.
demand i.S9; silver hrmer. 679.u67 rs;
Mexican dollars 5iN5j.
Supply of cotton bills moderate.
Cash coffee dull No. 1874
| Union Pacific, Denver and Gulf Is about
81 600 ahead on Its net December receipts
and $4,000 ahead for the twelve months.
/ Speculation In cotton continued fairly
active today and thc market showed "A
I
tone. There was 4 sharp and rather un-
| expected advance In futures In the Liver
pool market, and this with cables report
ing an improved demand there and spot
/ cotton higher. acted u strong stimulant
and restricted selling operations and at
! the same tune induced bciated shorts 10
! cover and some fresh buying by local
! SPECTATORS for a further upturn on the
! long side Private cable advices a.trlb-
! uted the improN emcut la the Liverpool
market partly to Neil Bros. statement
! stimulating better demand from spinners
and partly TO covering of shorts and In
! sympathy with our nrm closing. Some of
! the cables brought some good buying or
! dors here md the demand from this
| source. together with the local buying for
| both long and short account. opened the
market firm with prices above yesterdays
/ final figures. Free realizing by scalpcrs
/ on Yesterdays purchases and heavy sales
OF the late months Ivy prominent German
! operator caused "A reaction and decline Inn
mediately after the opening call, but this
| was recovered later on renewed buying by
commission houses and for New Orleans
account and the marlle ruled steady at
the advance throughout the rest OF the
| forenoon.
Tie market continued firm throughout
the afternoon session and prices scored u
further Improvement for this crops Or
lions on top of the early advance. The
trading was more active. with the business
well distributed throughout the list The
short interest proved to have been larger
than had been supposed. and the covering
| of this cotton together with continued
good buying by commission houses. stlmu-
| b,II
the advance. Spot cotton was steady In
sympathy with the Improvement in con-
tracts. The total sales for the day were
go bales. all OF which were taken for home
consumption. Prices were quotnbly un-
changed but steadier. The market closed
| steady.
NEW YORK STOCK MARKET,
New York. February 20.--Thc stock mar
kot displayed considerably improved
tono today. business was on an Increased
scale and the dealings were fairly well
distributed. The speculative sentiment
aside from he purely local factors, was
| flvoraby influenced by renewed foreign
| buying OF our securities which was re-
Elected in sharp advance in the interna-
| uonal stocks. The exchange of front
abroad IL due TO a variety of considera-
! upns, IL Is belNB recognized tnal appie-
| tensions which bore heavily ON our spec
ulativo markets month ago are now
entirely dlssipatcd. The prospect of imam
| cial legislation during this session of
congress is remote and In Europe AZ wei
| as In this country II decidedly enlarged |
| estimate from previous calculations As -
| the net gold results TO the treasury trcm |
| the government loan are made. II Is now
| figured cut by experienced hnanCirrs thht |
| the sale Of bonds may bring the reserve |
| M To about Sl2O, 900, 600. Today's apOcuia- |
| tlou undoubtedly received some impetus !
! from local banking Interests. At tho |
| outset general fractional improvements !
| in prices occurred. followed around mid !
| day by recessions III realizing sales, me |
! upward trend OF prices was soon resumed |
| but the gain were not of especial lmpuf- !
| taT-ce until the last hour when the plr- |
| chasing movement attained tull force.
! Tho commission houses reported increased |
| business covering a number Of hltn"rto |
| neglected shares and shorts contributed |
| to a considerable extent toward the rally. |
/ Continued strength and activity IN the |
| government bonds was again a featuf" !
| the now coupon Is rising to llS on lalse |
| transactions. The gains at the top IeNel !
| In tbe nctlye list extended to II in I.nuls- |
| vile and Nashville Ia the Inactive shares |
| common and preferred rose l's ana !
| rrepectively. The close was strong AZ |
| general fractional net gains. but the rhu- |
| road bond market exhibited strength me |
| gains belng widely distributed. safes |
| 49, $1,000
FINANCIAL.
| n nj Inn