The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-20
MONEY AND INVESTMENTS,
rrofit Taking Mas Again the fca-
ture OF the Day.
PROFESSIONALS WORKING FOR DROP.
Everything Against Them, So They
Arc Taking short Turns and
Scalping the Leaders.

New York. June ls.--Today's stock mar
ket today again reflected the constant
Watchfulness of the large professional
traders for reaction, the days profit
taking being on very large scale, The
net changes are very small. owing to the
early buying movement, which carried
prices of mos, stocks quite sharply above
last nights close. But the reaction
brought about by the realizing movement
and by sympathy with the heaviness OF
Sugar left most shares below last nights
close. Tho trading was duli and shovel
a very marked dlm,nution In The ranae OF
activity. Chicago Gas showed ehacp
fractional decline, adding TO the heavy
tcne of the market. Northern Pacific pre-
ferred and Union Pacific were the most
largely dealt In In the railroad sheres
and sagged a point with onlv a feeple
rally. The closing was firm and closing
prices as a. rule were above the lowest,
but net losses were general throughout
the list.
The feature OF the week has been the
firm resistance OF the markets to The eff
fo'ts at reaction by professional opcr-
ators. On Tuesday and Wednesday there
was continued heavy selling to realize.
seine of the largest operators on the floor
being credited with COMPLETE turn in
their holdings. These traders based their
action on the theory that the reaction
was overdue in the market, because the
advance had been so steady and so long
continued for q month practically with
out a break. The manipulators for a de-
cine had no ground In the general con-
dg1on TO offer an argument t,. ,,ror,l
,or.it,iI,, .,,,,.,,,,'l - Wv
N0i''' '''' V'i''-i'.l"S hu'n as II mas peeA
over since the advance hau begun. The
movement proved n signal foth,n, and
all joined the long side on Thursd1v
The change in th,. .~,e1erol irvol nf tbo
market Is Indicated by tho comuarlson Of
prices Of some account eha,,sSs ~, ~,
close on saturday Nav 30 - " ID, '''"
Advances were: New Jersey CeuiraI ia. g.
sugar ia, adivaand n,'I Sn,,ti a.. =
Cos Chirtco ,;ns ,,a ISura.,,.tg,, - -
ton over polnfs each: Rock island ana
Tennesset. coal over Il noInts, b"iav,,,.s
and Hudson. Missouri parinc Nortbvas,
and Western ijnion' 4 wants ao,t o,,nr
ana 81 pnlII ond Sor,btr,, Pm. at,9 ~.
ierred over ,,nints a,b NJ, ,,,,,',,.,
of stokes sbov'n,, iess,,r ~, ms ir,rn,,,,,s
hui Win n few excentlo,s ali ,rjc.s, a,e,,
hirher
Railroad eerninps show imnrovemon,s
tn thaf lime ard ,hc f,naucas az he com
n al Ia, I,.,s
Ter not,I1tinn I,, H., hte,r MI ~, 0,,o, "a
40 ,oi v M W, tis i''r ,e
e Hal ,,,,r, ~, 49,, , ne s,
share b,l,Iinl in 90 H. cdn;naniss II ia Ger
sIIaiV to!"iiis IN w cohlpal,iFs ~ ~ cet ,
s,r.' Va" h.. Wy o. W. a.
IL, "a, ~ no, AN, he ~, .ie 'a 81
90 pun tha fr, is IN ~ ,r5eos
on ''.e ~ iosiss"''es ~ tne p'iSe -. u.
s,"Ims .9 q ~ am 'nf ie. .'t",i,s
On J"S ~ 70 e'ne s'te!l, VI dmg eA.s ''s
~, ~ !, ' -. w G
NM nnS'i ~, - apou' 70 llhpIoSe ~ pro
po'i i' io" ,,y the V'tlpeuou proEfvss
S ,th IN WnI, s,ree, OF any one iar,or
,,,onenterv ,r.n,,,or ~, n,ss ,ion,. ne
non ,,. N.Y. tnt"usn ,,v sI'to pss ~ ~
VIII. G ~ n,,er ,f NO ,"oId bn
;io,a nv IN neMgfs Vi thd mnn r, ",
Gu!c'eu apprehension as 10 '"paH > pio
ugl. "a, ,,,,..,. s,o,,., x,,,,
,rowtb of ,,, ,,1i az t "ver he new I'm.