The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-11
MONEY AND INVESTMENTS,
The Transactions OF a Day by Oper
ators on Nail Street.
CONTEST OF REAC1IONlSTS RENEWED
The Combine Interests Prepared for
Vigorous Measures To Break the
Markct-The Review.

New York. December 10.--Today's mar
ket was a renewal of the contest between
| the reaGtloaists and the combined inter
ests which have embarked on bull cam
paign. The bears were encouraged by the
evident stress under wh!ch the bulls Ia.
bored yesterday in trying to sustain the
values at weak points, and they were
prepared for vigorous measures 10 break
the market. Although they had the ad-
vantage at the outset of lower quotations
from London the earliest news showed
advances, Sugar leading. But that stock
together with Manhattan and the Coalers.
was soon weakened by liberal offerings 10
realize, and the reaction soon attack the
whole lsr. There were very heavy deal
ings in Northern Pacific preferred, which
has been sharply advanced recently on
rumors of a liberal dividend to be de
clared today The action on the dividend
was timed for about the hour of closing
OF the market and the street was kept
busy all day with contradictory rumors
on the subject. one of these had it that
act ION on the dividend would be postponed.
and the result of a decline uncovered stop
orders Uncoverins of shorts in the final
dealings and early information of the de-
cision OF the directors to d.sburse the
first dividend caused rally of nearly n
point but left a net loss of sharp frac-
ton. The bears made vigorous attacks
on all OF the stock of the local corpora
tions which have been recently advanced.
the transit companies on talk that the
underground rapid transit plan was ABOUT
TO fail and the Gas companies on alleged
assurances OF political faVoritism. These
stocks al reacted from over per cent
up to 3 per cent. The stocks of the
Transit companies recovered partly on the
pJStponement of the decision of the un-
derground matter. Many leading stocks
lost / per cent or over and some as much
as per cent The covering of shorts at
the close and the rally in local transit
stocks reduced net losses in most cases
to fractions. The stocks of Southern and
Southwestern railways were comparative
~ firm and show the smallest losses
Union Pacific showed a tendency TO rally.
though it weakened somewhat later upon
denial of the story that the reorganlza-
ton committee had Offered the govern
ment the full amount of its claim for the
settlement of the Kansas Pacific contro
versy. Business through commission
houses was small and sales for London
account continued ON quite a large plan.
ments of railway earnings were dsre-
gardod and the course Of the market was
due almost entirely to the contest be-
tween personal traders.
The feature of the bond market was the
decline OF per cent in the Kansas Pacific
consos. due 10 the apprehe usion that the
possible purchase of the property by the
government may debar the holders from
a share in the Union Pacific reorganlz alton
pan. The demand for high grade bonds
continued good and a number of gains of
from to over per cent Were shown, To-
tai sales. s3,l50.O0o.
The range OF prices on the active rtocks
today together with the close yesterday.
as reported for, The Post BY b. w. Hunter
& Co. Is as follows: