The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-02
MONEY AND INVESTMENTS,
Doings Of a Day with Wall Street
Operators.
ATTEMPTED BEAR RAID ON C0ALERS,
Goulds Were Attacked Hut Reaction
Came and the Close Was mt Gem
crnl Fractional Gnins.

New York. April l.--Today's market
might be summed in the one word, coal
ers." The heavincss In these stocks,
which pers sred throughout the greater
part of the days trad ng. was an effect
I've instrument of tho bear faction. They
also brought to their aid, as yesterday,
raid on the GoNs properties. out of
total of 2l2,Goo shares, over 5000 shares
were of the anthracite coal group. The
group was the incubus on the market
restraining the undercurrent disposed
to break out from time to time. Finally
the coalers and the Could shares them
selves broke through the depression that
bound them and jumped to a higher Level
Of prices. Prices generally throughout the
llst at this time rose to tina highest of the
day.
Tho course of prices of tho coalers was
very irregular an improving tendency
struggling constantly with the bear pres
sure. The Improvement at the opening
Carried up New Jersey Central 3. and
Delaware and Hudson rs. In the subse-
oucnt dcc!lns-worked by the bears OH
rumors hat New Jersey Central would
pass the next dividend and on the effect
of bad business on all Observation-Disclosures
ful per cent. Delaware and Hudson and
Kew Jersey Genital ., Susquehanna ana
Western preferred and Reading prefer
red lt5 When ,besa e,ock. h.,yan ia tiuc-
tunte the bears opened raid on the coal
stocks.
Rrmors weee circulated of heavy dam.
age to 81. Louis and Southwestern by
floods ana probable embarrassment of the
company IN meeting imminent bond obli-
ta''0''s' INC 81 LOUIS oo"'"N, ~
common stock sold off ia, the preicrred
~. and the first and second mortgage
- ,, ~, ,,.,,l.., ta., = ~
o"h IA o. cS'e'" '"lo' iost - NAN
hahtan ana Missouri Pacific !. wee lfcSi-
dspt Edwin Gould met the attack with
IN. statement that the ST. Iouis South
'''e s'a'e!''e,'' 'nhl 'i'e 81. i.'"'' Nou,''
western had nov lost anything OF value
by floods; that The floating debt VAS not
troublesome; that there is no Liability
pressing at present. and that there wouli
90 mo- trhuhic IN mes' i5 the coupon pay,
ment aur MAY !. This was gupplemented
ny statement from PresiHent t,"rd i!ra'
vided for The depression had spread
from me coolers IN the GouiIs thfouSn i
the list and the granSers AND railwaEs
3 para'N ttH fra. on, the pttum-nons
roads being especially a'iecteu N SYM
ptIuN.
There was an undorcurrent of strength
m tho railroad list. owing to tho sys-
teTltlc efforts snalSng among Western
roads to devise a plan for sustaining eN-
isttug rates and ihe motion In the SUI
preme court IN behalf of the 10 MT Traffic
association to advance the hearing of its
case.
Tn. hoavlness IN the coalers and the
Gould stocks weighed upon the list and in
consequence restricted tho dealings some
what in the grangers. After a brisk de-
mand for coal stocks sat in the shorts
hnrr. II cover. ma the Could shares
also recovered on the statement of Eiwn
Gond. As consequence the coalcrs re-
,fvor-d aN of ther loss aud more, New
Jersey Central showing a net gain of l7s
and tho others fractional exccrg Lacka-
wanna which closed unchanged The re-
covery IN the Goulds le't melt changes In
Union which los,. Ia on tho dav