The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-31
MONEY AND INVESTMENTS,
Doings OF Day With Wall Street
Operators.
UNUSUAL STRENGTH AND ACTIVITY.
Railways AEgrcssive-Europ In
'crcst In American Securities Is
Growing strongcr--somc Gains.


No,
10TH, january So.-The stock mar
ket today displayed exceptional Strength
and ao,,vaty ,-.,,,r,, -, ~,
= GO .,.,,, Wy ''e recent aver
aeS N"S aggregate, and towards the close
became fairly buoyant. The more inport
amt ontrihueorv f,c,or 49,. -, -,
Of ,r,r.,,,,, ,rS.s. vas 'ie eV'uehce
y, s'o"ihs ip'ereSt IN our securities by
EUROPE and the aggressive strength In
railways and ,idstrih,tsor n, ,,s,,,as. M.
s,y,yes,to,, -, ' '. VI business Inc
Va all iihpehulhg friendly ar
uahserheht between the Northern Pacific
and the Great Northern companies pre-
yIous,v ,e,orro, 80 a. -, - p
- w ia '''so ulsPAIcncs'
c"usca decided Improvement In the stocks
and bonds OF the first mentioned pronertv
The common ad,,a,,s, a, .sa,..., :. c
ava 1,ae., az '>'''ee1 90 ~ 30
anu general per cent bonds per cent.
Most of the other railway shares were IA
yolably affected I, svpnathy
ru,a ....-(e a. -
me movement IN lfidusuhals was less
extended. The market closed at the best
figures of the dav showing peneral nat
t. '.,s oas, s"o"'Ns se"efai net
s,l T.s. Yi l. anu per cent.
io'.l Shies S.ochs To-Day ioo" shares.
'hcluding: Northern Pacific preferred. 3d.
400. St Paul $500
p,ho ,,ar,,,, -, tho r.,.o,, ,,.,., .,,,-,.e..,.
-, NO. ~ VI NV "0Oi "NN eiis'' "o'".
izcd by extreme irregularily ana the deal
ingS were only moderate in the aggregate,
In MANY instances wide fluctuations oc-
cured, pariicularly in the sneciaIties The
news bearing upon luces WIS varied and
interesting but local professionals were.
in control of the market.
The coal shares were adversely affected
by the democrat zaltion in the bi;uinlnous
industry. and the anthracite properties
suffered from bear ATTACKS based upon
the Favorable condition of the trade and
forecasts of she yearly reports OF the
Delaware and Hudson and 1ackawanna
both of which were given ont As had
been expected the exhibits werc dtscour-
aging in both instances as only a fraction
over : per cent was shown earned on the
stocks. az against dividends of per cent
paid in 1896 Az the low points Effective
support was given and some subStant al
rallies made, partly ON covering The
general market worked in sVmpathy with
The coalers hut most of lie railway shares
moved within "A very narrow range
The fluctuations in dhe in1ustrials were
rot particularly noteworthy. aside from
Tobacco which sagged steadily on the
decision of the court that the officials of
the company who had been indicted for
conspiracy in maintaining a trust, must
stand trial
Tho foreigners exhibited decided inter
est IN our securities. particularly the Atch-
loon ana new Northern Pacincs. AMI both
were heavily tra1el in The arb.traAe
houses eNnctitaJ .xteusl ". orders for bCth
accounts, taking also 81 Paul and Louis
vile ana Nashville as we'll as a sprink
ling OF the low nrdced shares This fnVor-
abba sentiment on the part of Europe was
influenced by easier monetary conditions.
more cheerful political outlook and IN
The case of the Northern Pacific. with
speculat!ons of an entente with the Great
Northern ana the prospect OF improve
ment in earnings Large Investment buy
ing was n fefture for both local and for
eign account and the distrbutiorl Of the
transactions WAS very wide including also
government bonds The general market
was hclner hv n declining tendency in ex-
change rates due 10 easier money abroad
md tha UniIidntion of loans in exchange
snlee In reIliye the constant accumIIiit-
lion of credits abroad on account of the
heavy exports Of breadstuffs and manu-
fn c,,irsg.s' a rticlos.
Railway socks generally maintained n
firm tone on Expectation OF increased
earnings. but burlington was raAdcd at
intervals. on alleged belief fhat she forth
coming, statement for December would
show n material falling off in the net
earnings other considerations operating