The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-05
MONEY AND INVESTMENTS.
Doinqs Of q Day with Wall Street
Operators.
AZ ENLARGED VOLUME OF TRADING
Trend OF Prices Was Downward and
the Declines on Many stocks
Were Notabic-Douas strong.

New York. March t-Toiay's market
VAS 0etive and marked by an enlarged
volume Of trading. over ssS.cee shses oe'ns
solc On the s;ccE exchange \ wade va
rely q properties was dealt IN. The ten
! dthcy MS strictly reuctiona-y ana de-
oi.ueS vtre ao;able in many stocks. Many
factors coutril&;,L 10 this result. the
principal ore being = seeming desire 10
take pn>fts u; the llgh range ct values
OF yesterday. This position WAS uidiA-
fcsiod soon after tile opsnng, at wnca
tho tendency was upward. IN spt;e OF mo
depresS son existing In the LONDON market
On acco1n; OF The renewed une4siIies over
TIE status u the stiil unsettled Crcian
proc.cn The rise al the opening OF a
each Ia New York Central and Omaha
showed the continued effect Of jlD Lake
Shore bonding operation. announced tues
day, on the NAnderb prupersss. lil'
tris soon gave way 10 so.lng and 10 pr0nt
taking Ia many Of me higher pr.ced N
Nt~lnlo;4. stocks ard the NanIerpi,ts,
WI IN eutoYed 50 retuarAaole u rise yes7
terlay. The early gains were soon los'
s.sl o. -lyltes. oVel COX the entire market
There was 81 g9t check 10 the iownwart:
ir,Ia4, uue TO the rAdy % IA. II Chicago
,as on reports OF good prospects tor la
Vo.tolt constellation by she coIncM Inc
Go.lN tn tu' X neral hist was uinmpor.aSt
Ind the downward course was resumed.
New Jersey Central ami Mlnhaita Rad
4ost = point each. the first on the labor
trut IS Of thc Lehigh and M.lkcsbaTre
ana fha latter on continued dprrviiensiOHs
OF reduction OF the div dend rate. y
peTgd Of dizziness ensned, apparent!
We tiDg Tor me new Presidents inaugural
address Meantime there was conlnu-
ols reoeip, Of orders from London 10 sell,
which a. AIMED sufficient volume 10 exert
an intiueice IN this market. eSgo Fyly n
tne ll.e.uG tiOnal SHARES. After the ,rAters
had seen The PRESIDENTS inaugural adj
dies. the paragraph as ~ trusts was
=. 2ed by The bears and an extensive rad
ctmoed readily and preCp!tated Il fur
ih-r Tall In the whole market. The mar
he, Was active from this up to about dt-
lNtry hour and heavy liquidation was
n:a infested IN the industrials. larse blocks
Of stock beng thrown on the market
The lowest prices OF the day We're regis
and continued until the close. The *
IRENE 9ec..nes in the Vanderbilt stocks
We're; Lake shore :. st. Paul and Omaha
New York Central II. New York cen,rai
recovered fractional advance. being an
trails. Sugar lost 2ls Leather .. Oh cago
Gas l5s. Consolidated Gas IL, Genera
hircir.c ! and TOBACCO rs; OF the spe-
Coal ~ AMI Pac:iic Mail i, The granyers
Al so participated in the reaction in the
market burilngt9n deei3nins IA. St. PAU
~ ana itp,k 'idhu ia. or tho otnvr
railways. thu loss IN Northern Pacific
Preferred was IL. Louisvill'; and Nash
vile y. Kansas and Texas |. The weak
ness persisted uwtl the close. when the
prices were mostly at the lowest level of
the day
The bond market continues to exhib'.
pronounced strength. regardless Of tho
t<Ver shnefS of the stock speculation. Con
iii0nr- In tho general financial ana com
merclal outlook IS reflected Iai a keen in
vestment demand for sallways ana ms
cellaneous mortgages which carries many
issues up substantially. The stocks are
coming TO better favor. owing 10 the pos
slrllty OF enhancement In values Of
which the purchases for speculat We ac.
count are more marked. The market
easel OF Il! chilly toward the close on real
!zahons in sons of the active loans Sales
s.. 07j UN.
Total sales Of stocks today were 226. 29S
~ Sen-nres; Including Sugar 1900 st. Paul
1910 Burlington 5000