The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-06
MONEY AND INVESTMENTS.
Doings Of o Day With Nall Street
Operators
TREND OF PRICES WAS DOWNWARD
Intcrcat in the Coming session of
Congress Dominates Speculation.
General Review of the Week.

New York. December 5!Today's limited
speculation was an irregular movement.
out the changes were In most instances
xn.mportant aeide from the speciahies.
This last class was affected by ndepend-
eAt .nilucrces, The market was clearly
professional and the trend of prices man.
~ downward. The declines We're inter-
ruptsd at intervals by purchases to cover
shorts. The initial dealings showed losses
general occasloned by the influence OF
depression in the London market on Amer
.can securities. A tally soon occurred un-
Ger the leadership of andustriais Union
Pacific Displayed activity and :streagth
ana rose w per cent in connection with
the resumption Of efforts by strong i,nan-
cial institutions to agitate the question o.
settlement OF the company's debt to the
government. In the final dealings Some
stocks sagged sharply. particularly TO.
bacco. The plethora of money caused
favorable bank statement. The market
closed heavy at fractional net concessions
generally.
Railroad bords were active but lacked
feature. F'rmness was almost generally
noted. hut declines occucrred in several
.ssues--Chcago Gas lost per cent; Wa
bash seconds gained 1 par cent; sales
sl,sssoO0
The market during the week was DOM
mated by the interest attached to the
forthcoming session OF congress and the
probable trend OF the presidents message
touching upon the Cuban question. Lead
ny interests were content to remaih pas
sivs untl the outlook was more deunito
and this fact was improved by tn ope-
rators for a decl-ne, thoir SPECIAL efforts
beng directed against the industrial
group. The market was ulfavorably ar
| feCtCd by more or less constant liquida-
| tion n the specalties and by d.s,ouiagaag
| eNhlbits OF ra..roai earnings. toregi
] dealers Cahled mo lerata sclfnE orders IN
| the leading Internal .onai shares. The spc-
| claliies We're the features of the specula-
| t!oa, however. ana nuctuatcd rapdiy with
| downward trend. The stocks OF ron
| aGd steel companies wcre oppressed in-
c.icty.al TO the halt in these Industries.
| The extreme ease in money races recei
! ing 10 u li25t2 per cent bass, winch would
| ordinarily stimulate activity m stocks
| Involved an alVance ~ sterling rates
which occasio1ed scussion regsrdng the
| probability OF resumption of gold ca
| ports from this country. The theory does
| not mi VIDE acceptance owing to tue un-
| usually favorable International trade po-
| sition of the tntei states and the large
| sums of money that have been loaned &c
! Europe.
In add ton to the Influences 1Ioted, the
| subsistence Of ACTIVITY In the ra lrOtd 10 d
grain to the seahcnrd were claimed by th'
| bears TO toreshadow decreasing hlll pros
poets. Sugar was depressed with a Wow
| to influence the general list aA coEaec
! ton with the impending starting up Of llt'
4 independo1' Arbuckle refinery. The mar
! ket streng heHod as the week progrcssei
| ana a W der distribution of the denllnGs
| was noted. CCmmii sion house buying -
came evident ana there was an Increase
inquiry for g,lt-edgei securi - susges
lions of favorable prospects for d!vidcnd!
on some II the low priced stocks helpet
| the improving tendency OF the marEt
and We're to an extent borne out by "a
| declaration of ! per cent disbursement
on Southern Railway preferred. This ac
lion was considered especially sign.hc1n
on the confidence entertained by the pow
erful firunc.ll interests C9rnectot WI
the property as to the improved rate stu
alton N the South and the general busl
moss outlook
closing half OF the week and ropurcnasc
considerable proportion of the STOCK
r sold. .nciuiing those OF the reerga niE z.
impaired strength and activity 10 IN
Anthracite Coal shares. with New .lers'
J Central lead ng. The ind cd' Ions OF earl
action on the December dVidcnds Of IN
| Nan.lorb'n properties Induced brlsk
mand for those shares, winch IN turn CAV
tone to the other regular divi TO- payer
The Lake SHORE statement for nln
months. showing ample provision for n
charges ard dividends, caused an I'd
vance to 155H, the best perccn'age, eve
| recorded Tor Ine EipNk Nv iF'hA SO
shares moved inward on revived report
OF an agreement dividing tho territory an
foreshldow,ng n CONSOLATION OF nte
| ests Both displayed pronouaoci we1knes
on the publication cf the lttle ona
lytical report of the accounting OF ~
] old management OF the property IN
market closed heavy In tone on reahzt
lions. but, most stocks show n9 We, g Gan,
Chicago Gas : IN 4s ana Lake Snoi
, and omaha each 3is per cent; sugar close
ia, rer cent below the final quotation
week ago. Aggregate sales a'2'NS share
The bond market during the week WI
active. with a well defined inquiry II
l investment. lmnortant changes w Ti
comrorativc figures show general gain
which were fractional in the a,t.ve bond
! The nrincipal advances We're IN Ienne
see Coal nrs,s ana Tennessee DiVsic
y thirds . rs per cent.
r Appl cation w,ll he made 70 the goyeri
INC 1c,pn'ttee Of the New York stock o.
change Ia suvpend business from Thur
% ,iav. Deccmher =, at 3 p. M, to Monda.
!. December IS at 10 a m.