The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-11
MONEY AND INVESTMENTS,
DOings of a Day with Wall Street
Operators
MOST STOCKS CLOSED AT NET LOSS,
Review of the Weeks Trndc-Con-
hdcnce Increased in Railways.
bear Drives ON the Coalcrs.

New York. April 1o.-There was quite
marked undertone of iirmness on the
stock exchange today, but the market felt
The reflected depression OF the London
market on account of the outbreak of
hostilii(es on the Greco-Turkish frontier.
The opening was at n somewhat higher
range than the current prices in London.
and there We're sales for foreign account
OF the International shares. The prices
OF these were brought down to the Lon
don level after the opening. Both the
CHANGERS and the coalers were pressed
for sale and New Jersey Central and Del
aware and Hudson lost point each. Chi
cago Gas was the lender of the market
though the total sales OF stocks were only
about $4,000. OF these over 1900 shares
were Chicago Gas The rise in this stock
stitienei the general market, Sugar ris-
ing 10 ia and Delaware and Hudson and
New Jersey Central recovering the de-
cline. The railway list generally shared
in the rally, but sufficiently so TO over
come the early decline. The decrease of
S5iO47 in the earnings for the first week
in April Of ST. Paul was a factor in the
carly decline of the grangers The clos
the stocks showed "a slight net loss.
The condition of the business In the
stock market Is parallel 10 that which
prevailed previous TO the announcement
of the Lake Shore rcfunding operations
early in March and the notable buying of
the railroad stocks which followed. Prices.
except for some OF the Vanderbilt prop
critics. and a few of the specialties which
81
quite materially lower than then But
the situation presents the same narrow
market and the same persistent industry
of the bears in manipulating special stocks
for their effect on the general list
Further confidence in the railroad sit
uation has been engendered by the mani
fest anxiety of the railroad authorities
themselves to avoid any conflict of bust
ness interests and by the Industrious ell
fort for providing means for preserving
r1tes which Will not conflict with the
law. The foundation for Improvement IN
the market on "A recovery from the eHe,'s
of the rate war scare thus seems 10 he
we'll laid, and the SITUATION gains fufther
promise from The strength shown by some
and by the general average Improvement
in railroad earnings shown by reports Tor
the last week in March. Inc tennehcN
toward recovery was marked on Thurs
day OF this week, when prices tended w.
ward nearly all day on tho exchange. ana
the demand hroaden.d through Tue COM
paratlyely inactive fields. Business and
prices on the stock exchange were directly
aifceted by the fall n wheat on " "ll'ra-
day. The apparent halt IN the improve
ment of the iron and steel industries was
taken as a general factor, lacking m en-
couragment. 1t was felt that the OUTLOOK
in other lines of business also was not
entirely satisfactory. The damage 10 rail-.
roads by the storms in the West aiid
Southwest was considerable. New Jer-
sey Central, after partial recovery, again
saGgod 10 the lowest. fluctuatinS "IieS
ali through the week and closing at
net decline of IFS. The other coalers SYM
pathzed but did not move over so wide
point or over, except Delaware ana ltud'
SON. The depression was felt sympa'
thetically AL through the market ana Was
ing down prices. The effect of these drives
YVES 10 discourage speculation IN railroads
the market for which was dnll ana cont
prices being restricted 10 a fraction, Bul
in number of the speciaities the trading
was large ard the change in prices very
marked, trade being mostly professional,
Chicago Gas was quito largely sold in an
tlc.pation of the municipal election in chi
cago, but there was large. covering after
the election. There was also steady buN-
ing for inside interests. the gain of the
week hninl, AZ points. Sugar was largely
dealt in, a good proportion OF the buylne
being 10 cover short accounts and OF sell,
inp for proiifs Inv TRADERS. There was no
news regarding The stock, aside from the
large imports of raw sugar coming into
the country which is expected to realize i2
handsome profits on the Increased price
10 result from the tariff The tone of the
money market has continued easy during
the week, and there. has been marked
elimination In the volume Of loans. Rates
we're well maintained in spite of the dull
ness. Foreign exchange was caster early
but the tone became. firmer towards the
end OF the week owing g the scant OF
ferlnrs of commercial bills and the In
creased volume of imports. Transac lions
In bonds were largely contracted and the
market displayed little feature. Compar-
alive prices ore mainly below last weeks
final prices. but the reactions are trhine.
Aggregate sales $685. 900.
Total sales OF stocks today were o4Sil
Sugar, 5000; 81. Paul, $500.