The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-02
Doinas Of a Day With Wall Street
Operators.
STOCKS WERE IRREGULAR But FIRM
Condition of Nfarkets for Texas Wool
Hides and Cotton seed on-Anthrs-
cite shares Up.

81. g34,SOQ Iho Snarp wheat auVahcc was
probably the chief reason for the hrin
market. London sold, but 1t cut no figure.
The Anthracite shares yielded bit on |
the profit taking. Burlington and Quincy |
declined on Its disappointing December
sta tement.
Foreign exchange, dull and practically |
unchanged. Silver 67A; Mexicans Ssh-
Cash sugar and coffee quiet and UNI
changed. Supply of cotton bills mod
crate.
Rio Grande Western net earnings for
December are $4,000 ahead: net, six
months. about $4,000 ahead.
Wool market indifferent: carpet woods
quiet dull not much about fine woods
The run OF reported sales are meager;
only 10000 pounds fall Texas. at 9usia;
5000 pounds, secured fail Texas. 80 cents;
5000 pounds fall Texas among the sales,
Tame and uninteresting market for cot
ton seed oil. Prices unchanged; 2Sia for
prime summer yellow; 27Glg7la FOR of
grades; yellov', prime white. quiet ct 81.
Advices from the South were weaker for
sale of one tank crude In bulk {. o. b. at
the mills was made at l9A
No interesting features In dry hides,
Independent tanners are giving the mar
selected dry. sated, .. No improvement
in hemlock leather business. Some de-
mand for acid grades for export. Union
market tame. Call for oak and butts
quiet. Texas oak sole was wanted by
iobbefS and commanded fun quoted values.
Limited attention to betting butts. Texas
oak sole. 27g2S Market for goat skins
extremely dull Texas. %
The sDpculation In cotton TODAY was
duh and fcatureless. The principal cause
of the narrowness of the market Is the
continued lack Of outside speculation and
the disinclinltion of the local traders to
operate pending more definite information
as 10 the probable size of the crop and
the extent of the preparations making
for the new crop. Market closed steady.
NEW YORK STOCK MARKET.
New York. February 1.-The volume OF
business in stocks today was rather be-
low the haif-holiday average. The prices
of most shares were shaded at the open
ing, owing partly to lower quotations
'om London and moderate selling Tor
! that account here AM a. idation D =,
| ir drrs on of probable passag- # the
| free silver bill in the senate Manipulation
| for an up-turn was soon discarpIhls, how
ever, aggressive strength in prices de-
| yelopnA and sharp advances occurred
| all along the hne. General electric wRs
the feature rising 2 per cent on rumors
| that the company has submitted specin-
cations to the Manhattan Railway com
pany for change of motive power and
| that the same had been accepted The
| lack of confirmation of the story coupled
| with the general reactionary movement
| late In the day was followed by realig-
| Ing sales resulting in the loss OF part of
TIE inIlovement. The changes OF othc;
shares were of less Importance, but sugar
| Tennessee coal and Rock Island figured
| for about n point. In the last hour n
| general selling movement occurred. Bur
| lington was exceptionally weak falling
! ] per cent on disappointing movement over
! the December exhibit of earnings The
market closed quiet. but heavy toned.
| The all important event of the week
was the definite agreement entered Into
| by the eleven great anthracite producing
| and carrying interests relative TO the
! division Of tonnage bet ween the respective
companies. Efforts had been made 10
arrange the schedules of outplt so AZ
TO include the interests that mad ccvel-
oped into average operations since the
general agreement was made, but with
I out success, All doubts of the practical
! character Of the plan now In force has
been effectually disposed OF by the closing
down of a number of coal mines. chiefly
! belonging to the Reading. and the prompt
|
the output for the current month with a
coincidcnt average OF 30 cents per ton In
prices over the recent market selling fig-
| IRE. In Wall street, Of course, the cpl
sode has been greeted with profound salts
faction as foreshadowing the rehablita-
tlon Of the Readlnp and n return to big
| dividends for the security holders Of the
companies concerned In the deal In the
slang of the street" n means rake on
of from Sl5,000.000 TO 500 0OO. 900 to be d.
vided this year Interest naturally CEN
tered IN the anthracite coal stocks and
advances from the low points followed
of 7si in New Jersey Central, IN
Reading. in susquehanna and Western
preferred, sA In Laekawanna and q. per
cent In Delaware and Hudson. Reading
securities were the most active of the
group, heavy blocks If stocks and bonds
being dealt in. II IL reported that 20 per
| cent OF deposits have been made under
tho plan OF reorganization. An easier
tendency in exchange markets encouraged
bull sentiment early in the week. The
movements in prices were irregular. hut
the undertone as noted was strong. Lon
don was factor on both sides of the
, account. mainly as a buyer
Toward the close Of the week free
silver agitation in the United States
senate unfavorably affected the sentiment
of the financial community, but powerful
} support was evident In the market and
the losses were recovered. n shaFp rise
in Manhattan was ATTENDED by revived
reports of preparations for an electrical
equipment OF the different branches The
sales were l.2l0,691 shares.
| Railway bonds We're governed by 'ho
Identical influences operative in stocks
Aggregate dealings for the week were
I, s12. 500 600. Todlv's bond market vas ir-
regular. but mainly firm. Sales $4,000.
NEW YORK MONEY
New York. February 1,-Moncy on call
strong at 8 per cent: prime mercantile
, cas- per cent: sterling exchange firm, with
actual business In bankers bills at 4ssia
: @i2ss, for demand and iNkff4sTis for
co days; posted rates i,ss5f {. ss5z and is9itfi
20; commercial bills 4ss%; bar silver CIV
Mexican dollars 53h.
POSTS CABLEGRAM.
New York, February 1.-The Evening
:. Posts financial cablcersm from London
says: The stock markets were quietly hrrl
+. today Americans were good and the tone