The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-02
MONEY And INVESTMENTS.
Doinqs Of Day with Wall Street
Operators,
EXTENSIVE DEALINGS on EXCHANGE
Dcttcr business In stocks Than for
SEINE Time INst-Raiiies Were
Followed by Partial Declines.

] New York March 1.-The stock market
today was characterized by continuance
| Of the marked activity as compared with
| business for q number of weeks. which
Was the feature of Friday and Saturday.
she greater part OF the additional business
was done IN the shares of railways and
| spcciaities, the industrials falling of to
some extent in the volume OF tunsac-
tions. but siill remaining notably active.
There were some l77.0o0 shares of stock
sold on the exchange today. not an extra
ordinary figure in relation to the custom
airy proportions OF the market a few
months ago. but very notably larger than
for some time recently. The fact that
considerable buying was done through
European houses was an indication of the
growth of an outside interest IN the mar.
ket.
The most notable feature of the market
was the sensational rise OF Lake Shore
BY wide Jumps to liz. 10 points on tho
day. The stock subsequently reacted to
l6I. The maXimum figure was registered
IN the first fovy-five minutes OF trading
wnen the bulls were in control OF the
market, and the tendency OF all prices was
upward. Calculations of the benefits ex-
reeted to accrue to the stock from the
!
est OF about $4,000 $50 of bonds which ma
ture in The next i've years were largely
responsible for the rise. though rumors
We're current of a short interest in Lon
don. The Vanderbilt stocks all enjoyed an
advantage symp1 ,hetically from the buoy
anry OF lsnkr shore. New York Central
llinois Central. Michigan Central ana
Now Jersey Central and ST. Louis second
preferred all improving | to lis points.
lhere was subsequent Reaction in all
OF those In response TO successful raids
a fNt n
were concentrated upon New Jersey Cen
tiai and Mani rtan with the effect OF
latter of Is Manhattan fell off on re-
hcWrd doubts OF the amolnt OF the next
dividend ana the traffic prospects and cost
was effective in turning the course of
prices IN the whole list. The coalers fell
~ immediate sympathy with New Jersey
Ccr,r7l I-a,G,kawanna rccedlng rs. Del
aware ana hlidson -, and Reading ~.
The grangcrs were more heavily dealt
IN than any other group and shovel firm
ncss though they los; generally the early
statement for JANUARY. though showing a
htaNy decrease In earnings, was rOmpargd
with sone favorable statements last vear,
am u was very well received. The stocks
siW"r"i from general reaction brought bv
me bears. All Of the Wcll known high
grades here were In extensive demand for
nv stmt1t, and shovel gains rangin"
IRON 20 per cont on purchases OF oGl
lots. Tho inlustrals nuctuated widely on
I'tlpuNi toN ana SlpWtl small net losses
Texas preferred was wen supported az the
ie'line ard rallied a point on tho ground
~ excellent trade outlook. The declines
IN IN" general hsi we've not. as u rule
above point in Tennessee Coal and Iron
ana consolidated Gas lia The internal
uohal shares slgged N sympathy with the
general decline. Rallies were frequent but
briefly sustained the decline. the closing
showing fractional gain and losses pref
" wei divided. except for the losses IN
the specialties, which were very pro-
nouncrd
me bond market displayed general firm
ness with shght gains in a number OF
issues. Sales, sl,75l,n00
Total salcs of stocks today were 10 12s
SHARES inCludins: Sugar. -, 400; St. Paul.
~, loo: burlington, 1900.