The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-20
MONEY AND INVESTMENTS.
Doings Of q Day With Wall Street
Operators.
TRADING WAS PURELY PROFESSIONAL
And News Had No Eject on Prices-Just
aLuli Before Livclicr
Times.

GNcW IOth. TSbihdis AS-tSitSia's- ~
was a dull day on the stock exchange
and business was poorer than for some
| time past Burlington's dividend was
| about the only cheering event large
business was done In the new govern
| mont tours which rose to lis. Railroad
bonds were only firm. prt Worth and
Denver city first certificates. Denver and
Gulf advanced to . The grangers
scored sharp advances on Burlington's
dividend. Today's stagnatior is attributed
to the time of the session and Is not con-
sidered unusual. All the markets feel It.
It's but a pause TO livelier times. For
instance, cotton is not likely to begin
to pick up till the middle of March.
| \ largo number of brokers were nth
cred In Missouri Pacific section during
the grcater-part OF the day. onrarcntly
watching the stock for the purpose OF
tracing the selling. An impression has
prevailed for some time that prominent
interests In the company have been sell
| ing stock.
Supply of cotton bills moderate.
Missouri. Kansas and Texas Is about
$4,000 ahead on its gross earnings for
second week of February.
The speculation in cotton was moder-
ately active today and showed a very
steady undertone, Notwithstanding weaker
| Liverpool advice- The early cables
brought some selling orders In this mar
lot and their weaker tone Influenced con-
siderable local selling, under the pressure
OF which the market opened weak ana
irregular and lower throughout the list.
The offerings Were well taken, however,
10y She shorts" and the market rallied
l.s.Fg
the end of the first hour. Later there was
a reaction on renewed scllinF influenced
by tho semi weekly interior movement
showing up much heavier than expected
and the receipts at New orleans tomor-
row promising to exceed those OF last
year but the market rallied again and at
O'Clock it was quiet and steady. Total
sales up to noon were 5000 bales.
A quiet hut very steady market pre-
vailed throughout the afternoon session
There was fair demand and little press
ure to sell outside of the local sculpcrs,
who had small profits and wanted to SO
cure them, and by bear traders Reports
were current that Neil Bros, had re-
iicrated their previous crop estimate OF
6,5Q0,0o0 tales, hut they had no effect on
the market whatever Prices held steady
closing quiet but steady.
Sterling dun and weak; sixties fSGM
demand 4.S7 3-iGf4.&.
silver nrmer, 67'sp67 rs, Mexicans IS rs
a5i7-S
MEM YORK STOCK MARKET.
New York. February 1.-THE stock
, market today was purely professional
, affair and the dealings were unaffected
: by news of an especially Interesting
, character. The news of the day con-
sisted chiefly OF the declaration OF the
regular quarterly dividends upon Hur-
lmgton and National Lead preferred, re-
ports OF the earnings. including the cN-
mbit of the Union Pacific system tor
December showing AN increase in gross
of $lG3 10 an increase in net Of s22.'ii
and an increase for the year of N,aol,N'a
\ slight decline in actual rates OF sterling
) exchange was also noted. Some influence
was oxortcd. but chiefly In the govern
mcnt bond market by the announcement
that the j. i. Morgan syndicate would
| he awarded about $4.iuu, goo of bonds, 1uY-
mont OF installmcnts upon which hhn
been defauted by the parties to whom
they had been originally allotted ne
| news of the burlington dividend, thouGh
fullY anticipated, was followed by an
| advance Of Ia IN the price of the stock
| and contributed to the general nrmu'7s
| OF the market. inr opening was uhWt
and slightly higher all around under the
influence OF higher quotations for Amer
lean stocks In the London market. Thc
carly gains were mainly fractional ana
were the more important Ia the Changers
stocks The room traders around midday,
assisted by realizing sales, succeeded IN
| bringing about declines unimporiant eN-
cept in the case of Sugar. that stock
Welding IL. The statistical reports, re-
, rnrding the Sugar industry continue en-
couraging and further advances In vati-
| ous grades were noted. Shortly utter /
D. M the market exhibited n raiylng
| tendency on II moderately increased vol
umr OF husi~cSs Manhattan gained "a,
! Southern Pacific | anu Sugar, Union IN
clnc and Louisville and Nashville -. 1he
closing was strong In tone, with ftac-
| tionn ret improvements generally. the
business i'm miscellaneous and govern
| mcnt bonds were on an enlarged scale,
gales 81. SO, OO0. The dealings were AT
tended bv decided strength. 81 Iouis
and San Francisco trust nves were con-
Eplcuous by n break of 4. and subsequent
rally of 3% Fort Worth and Denver
trust receipts gained IA. Texas Pacific
seconds aud Union Pacific and Denver
aud Rio Grande iirsts |.
BONDS.
Closing quotations On bonds at New York today
were rs follows
|