The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-18
MONEY And INVESTMENTS.
Doings Of q Day with Wall Street
Operators.
FRACTIONAL DECLINES IN STOCKS.
Volume Of Business Smaller Than ON
the Preceding Dny-vnndcrbilts
and Sugar Resisted Decline.

New York. March 1.-THE react.onary
element on the stock exchange was able
to check In part the upward tendency Of
prices today and the net result of lhe
day's trading is a general loss of a frac-
ton. most OF the Vanderbilt shares being
the only exceptions. 1, is a fact worthy
OF special notice that the volume of trad
ing in this reaction airy market fell off
quite largely from tNat of yesterday shc
total sales of the day numbering 200. l0i
shares. as agairst 23S.o0o yesterday. Quite
large number OF today's dealings were
also In those stocks which held firm. The
falling off in dealings on the downward
course OF prces was notable, as Vt has
been tho case for some time past. There
Is food for thought in this, for there are
those who lament the decline Of business
IN the stock exchange and who express
the fear that the bucket shops have taken
away the business OF the exchange. Plans
nave been suggested for the suppression
Of the publication of the stock exchange
quotations as a cure for tbs decline OF
business but the appreciation of the
Whites Of securities u.nE in on the ex
change seems, from the lesson of events,
TO promise sirer remedy for decrease OF
business,
Various factors came 20 the aid OF the
bears in the days market. The marked
exchanges gave Its tone to nhe opening
hour and cont nued 10 influence the mar
ket to a greater or less degree all day. 1t
was estimated that the London cont.n-
gent sold about 1900 shares on this ex-
change, and the effect OF this selling was
noticeable m most of the International
stocks. especially in ST. Paul and Louis
The Influence OF foreign depression
seemed to have been overcome soon, after
the opening, and strength in Vanderbilt
g ha-an "a rs IN
al al says. was again IN evidence. strong
support also developed for Missouri Pa
enc and bush, oh ware the centers
Of the bear attacks yesterday. Weakness
soon developed in Tobacco. however. and
the stock was forced down pa Manhat-
tan lost rs and Ney Jersey Central and
ton of the anthracite coal trade.
About midday support was again shown
for the market the hny,ng of the Wander
R ha rose New r0 Ysrk Shicaso and
Northwestern hrs,s preferr-d Q Lake
shor" Il: Tobacco also recovered IA. con;
seidSted Gas ~ nnd The ET gran ar ana
tendency in the market was checked by
profit taking, SucNr omaha and Missouri,
Pacific being the great sufferers. Tonnes
sec Coal and Iron also rec eded |. Suspr
moved degree independently OF the great
market without influencing II, The stock
showed net gain OF 4 on the day. wn,ie
Nanderhilts. showed an average decline
of fraction. AT the close trmer tone
became evident in the general list.
The bond market was moderately active
and fairly steady throughout, sales 81 .3A,-
0oO
boston March 17--Mexican Central. SIS.
FINANCIAL CA BI,EGRAM
New York. March 1.-THE Evening
Posts London financial cablegram says:
The stock markets. remained stagnant to-
day on continued reports of the massing
OF Cireek troops on the frontier. The
rransvaal news was quieting. Except for
q sharp fall III Greek and Turkish sacuIi-
'ius, however. prices merely dropped
because of the absence of business. The
close was steady. Americans wera lower.
in sympathy with the other business. The
Paris bourse was quiet. Berlin duh.
NEW YORK MONEY