The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-06
MONEY And INVESTMENTS.
Doings Of a Day With Wall Street
Operators
A MAGNIFICENT SHOWING OF GOLD
Caused stocks to Mako . Sharp Advance,
hut Dldn't Anec, Cotton g on uinc
Commission Buying.


bond agony Is over, and the millions upon
millions of gold, beautiful gold. which
was hidden away In old stockings. In
mattresses and sich like" which poured
| out today to take UP this loan shows we
were not such n hard up people after
ALL though we can croak mos, awfully. 1t
did send prices UP on the stock market
most sharply. and trading was active
There was a coterie ready to work a re-
action II the loan wasn't such a success.
but they were drowned out by the golden
food, What a great thing it'd be II that
$3.50, 10000 overb.d was only put into
''biz" generally.
AS the foreign markets closed before
the bids were announced the effect abroad
Is yet to be learned
The loan made sterling exchange dull
and easier and higher rates for money.
sixties 4.S; demand ASS. Silver up to 61ia .
AeHicans bSA. supply OF cotton bills
moderate.
Cash coffee dull. No. Z. IL.
Gross earning returns for fourth week
Of January show Missouri Pacific $500
ahead Of last year, It's central branch
the same amount ahead. Texas and Pa
cine 5000 behind. Gross for the month
Missouri Pacific about 100000 ahead,
central branches $4,000 ahead Texas and
Pacific about $4,000 behind. RIO Grandc
'''hNil'il lbE VIC week is ABOUT SluiV
ahead for the month about $1,000 ahead.
Cotton WAS quiet. but firm this morn
ing, with not much pressure 10 sell. The
Liverpool advices were better than ex-
pectod. and this, with lighter receipts
and general impression that tho govern
nlent bond issue would be success, offset
all bcarish features and stimulated the
market At the opening prices were high
er, hut reacted and declined through tho
operations of the room trnde.s. Later
on, however, the market RULED again and
at tho fnf,ufhe
10 points above last nights clos ng.
with the underione Of the market firm.
The trading was light throughout the
Cotton continued firm throughout the
afternoon session. with q moderate volume
of business. The great success OF the bond
issue restricted selling and created a
nriner and more confident feel ny In the
trade and those who have heretofore re-
Trained from cntcfing the market and buy
ing showed a disposition to accumulate
some Of the later months with the view
of holding them. There was little outside
buying because the news of the bond
Issue had not reached the South In time.
The feeling at the close was quiet, hut
firm, and II would take little new buying
to brighten the shorts into covering and
stimulate an advance
NEW YORK STOCK MARKET.
New York. February 6-Tho general
ohrion en- Wall street today was that the
tnrppen linanciers can not fail to be
profoundly impressed by the result OF tho
popular loan experiment. The large per
ccntagc Of foreicn bids is very Significant
N view OF the previous apprehension az
10 the probable unfavorable effect of the
Tree silver manifestations OF the United
States senate upon European sentiment.
During the forenoon the market display Oh
hcsitancy, which WAS reflected In an IT.
regular movement Of prices and moderate
Volume of business.
aggregate bids ard average of prices i'm
parted actual buoyancy TO the market,