The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-05
MONEY AND INVESTMENTS,
Doings Of a Day With Wall Street
Operators.
GENERAL TENDENCY TO SAG SHOWN
stock Market Lacked Strength ana
Closed mt Fractional Declines.
Bonds Active and Higher.

New York. February 1.-THE stock mar
ke' i1cksd strength today and showed a
oef+dej tendency TO sag, In spite OF some
seemingly very favorable factors IN She
outlook The weak spot was clearly
enough in the Industrial group, but the
effect Through sympathy on the rest OF
the list was stifhc.en. 10 uelIraiize the en-
co-H-,sing hndences- and as A result the
market cloSai a Fraction lower than iaSt
nirnls c4oslng.
sugar was a center O. attack for decline,
beins sIuJecied 10 nearly AL he untaNos
apit .nhAlrhces OF the Iay one oil these
MAS ;ar Apprehension vf ac;ipn uirectci
AGAINST the trusts III some II the states
va. nave recently adopied anti-trust reg
isAtlAoh. ihiS inEuenCe WAS manner "a
rot only N the case OF sugar, but also
~ degree in Leather preferred, whlcn
dcchnci Ia Per cent on Transactions az
efesatins sl2.ouc SHARES. The dullness ~
me trace Also Affected stocks. Tobacco
losE traction, but made q run recovery
TOW ara the closc. Chicago Gas was one
OF the sufferers from ftars OF adverse
action by legislation and fell of IA on
account of Dill in the Illinois legislature
20 TX the price OF gas at 80 cents. sugar
was also The victim of the special appre-
heils.oo oil adverse changes in the i'm
pending new tarin, ana was bomb1r'!"i
persisteGly by the iecid.ng bears. There
was lack OF supporting orders from IN
tereSes which are usually consplcupusly
active Ia this stock. As a result ;her-
was heavy dealing In this stock and The
price ran down rs points to l+i2. Inc
offerings included some very large blocks
OF stock. This was the 1cr ssve !nu-
ence IN checking the hardening tendency
with which the market opened and which
YVES due largely TO the fact thai the Bank
ot England had reduced its rate of dis
count TO 3 per cent. The delayed state
Nom OF burlington for Decembe proved
to have been more favorable than hid
SEEN counied on by che do 1bters, showing
an increase in the surplus OF earning.
after charges of S6g,Tj2 This also proved
without effect IN saving the market from
decline, though carly covering advanced
The stock sharp fraction and served to
steady the ma rtot. Hurlng on closed
with a mel decline of y per cent.
III railway list in general dropped in
eymrathy with the dec ne N industrlals
and tc--iy on account nf the rather IN
week nj month Of January, The list sur
cumbed to ieprNi'ion ana sank at the
c.pSe to the lowest price OF the day. The
Northern Pacific and Union Pacific stocks
NoWe! comparative nrmnt -. hN deal
ings were largely reduced over those OF
Yesterday. London selling was nm .nfu-
cnce IN the decline In railway shares,
Which. though general, WIS only crac-
Uonal
Tho bond market shovel activity ard
was generally higher Win thu Norfhe'
Pacific features prominen-. Large blocks
% these securities were denlt in with She
inquiry very pronounced from the arh-
trgiEe houS :, the Improvements IN The
general markets being mainly fr1ctioral.
hrf sharp concessions Wero scured IN r,
fcw of the Inactive lines sale 80 fq2 0H.
Total saacs OF stock tolay i5d6ol shnres,
Including: Sugar, "a 500. burlington, i5.5Ol,
s. Paul, 500.