The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-28
MONEY AND INVESTMENTS.
Effect Of the Supreme Court dc.
cision Against Combines.
SEVERE SLuMPS DURING THE WEEK.
Great Uneasiness Felt in the street
on Account of the Views Ex-
pressed by Railroad Men.


4
no disposition apparent on the part of
the shorts to cover today. even over Sun
day. and all seemed content TO realize on
falling market. The course OF pr.ces
was upward at the start. bu, only in re-
Spouse TO the high range OF London prices
and on a small amount of covering. The
movement was most marked in ehe gran
gers. but I'D not exceed a fraction at any
point. The large preponderance OF the
dealings was IN the indus;rlals and the
specialties, railroads being comparatively
neglected blu: suffering from the common
depression. There were evidences OF ma
n pulation in some OF the leading indus
trials and the effect was reflected on 9TH
ers. This continued practically without
INTERRUPTION 10 The close. which showed
low est for the week. Dealings in Sugar
Tobacco and Leather preferred were
iioLceabiy heavy. and each in turn was
gitaeked dslertnlnedly; resulting in
tinu.d under the heavy we -ht Of the fear
OF rate war on account Of the dlssou-
non OF trafiic associations resulting from
the Ira nsnl ssouri decision. The low
priced shares seemed TO he picked out for
special attack and bore she brunt Of the
selling in the railway list after the first
hour.
The following indicate :he days de-
cl.nes where thew exceed fra ctioi: sugar
y, Chicago. -, and Burlington IL,
let'her preferred, Omaha Kansas ana
texas and Reading II, each. Rock Island
lls.Lake SHORE and Colorado Fuel 9 Lolis-
vile ard Nashville ard Big Four /, North
ern Pacific rreterred. Tennessee coal ami
Central Z, Baltimore and on y p, with d.
subsequent rally OF per cent. Roaiing
preferred ga. American Spirits preferred
p. per cent
Total sales Of stocks today were 1872 Sro
shars. inclui ng Tobacco II go. s.. PAU
HOO, Burlington l3,ao,
Tho decision of the supreme cour, on
Monday that the Transrnssour1 associa-
ton was illegal under the Sherman anti
trust law has occupied the attention Of
Wall street ali week to the practical OK
cluson Of everything else. The decision
was announced too late Monday TO have
any appree able efioct OF tnai lays .ril-
lnI. but prices broke all arr ma on Tues
day AID the general downwarI tendency
Was not cheeNed all through the week.
ms was the more remarkable a. the
ma rket has already witnstouJ some ssevere
shocks n the last few weeks such as he
re sfi severe srsnps in Missouri Pacific
ana New Jersey Central. with nothing
more than a mcmeRtary pause IN the
trad ug. But the fear IN the min e o. all
ow'-ers OF I'd broad shares iiai me Tran
n sSHufl decAl9n meant he d.ssoluf on
OF al existing rate and TRAIN assn ations
ana an outbreak Of deS, ruc- 80 war be-
tween n iFoah lines oil over the country
100 lnF iilafhst wnlch n.!1 ned htm
throrsh ctnc- ViciSs.tudes The Wander
haf SOCKS. whoch had besn the sus-
,s!Hins ionse q the msrk-t ever E nee
the Lake Shores re-fun4iug Plan was
M Pc know o. slo.n .nn-d 1u ieH a. com
trials DID nut entirely escape the effect OF
We JGH sal ae. ~. the sherman anil
Ky. rusJ law nallnS ben sctIl.'~a'., D SD
" ~ n M .r,net' 81 agrees on against
corr ora 'lons before. Il was thus ~, sN ping
- w. illfi'''i r' -" Snest CONT
-.H "iE7 e stoned TO- Wal. street nave
nss o .,sen,.I iei; an week by The alarm
~ H4 d, plni OF tle y tWs NPres ~ ~.
,h@ 81 Son rs prao any all re railroad
i',.h "ho no. ia!he. or, Z. tn in1p' di;
vbcf sbn go. a,'p pnrs ~ ,It soy,5ws.,srl
'H - ,"r .@I'.ers W. iahen ~ ok
tN-'frS IN thn san. spirit 90 thouSl Il
11- ten it.'-r- T. n nta.n rates
e-' en- or an Vas re uinAry 10 h-rcc
.on.r = ION n bus. ~. Tho announce
iI'fnt ~ me s,ou-i PAc.ic coupled with
!-' i...t. VI W 44H"at' tAai N lnien1'n
r.'iif HiA!tta . the existing rates
lhofEh no icrr Go'i.g with the traffic
Q s. .a,rons. served . quite. Apprehension
II no market more fHau anything else.
inc prevalent alarm over The per lous
fii'e 81 rate asre nen's tended to eX1S-
F-Taie the nervousness OF traders over
thr evidences Of leg siat.ve hceuiry az
= l-e,tl N prop1sel 4nt-ra ilroa1 ."giSia-
ton N come Of tn Western states, the
tonG OF debate n congress- over the AMI
trus- am"nlmen's % the tariff bill and
N" itllily. according 10 reports from
W ash-ucton. Of any hope that congress
W. a. present res. Or even cons Der 4
measure 20 authorize railroad pol n2
r. r. Were other depressing Influences
al work In the marhct also. The pad
crop f-f4or's from the Northwes. ana the
Ir1eT showing OF earnings made by roads
sd ti-4t ~ On on account ~ the rnptss.-
bic r1ul' ry roads W-re already depressing
iriiu- 3 IN the graT gers. The AT a
eve ca! group wss a re0-e- Of depression
a.so ir V4tr~ % ta- os.tri. o. h amt p or
20 .,.ii and t..- greatly reduced do
mar New jersey utral beng a CON
> f.nf l-ynur-o fcr the bears on account
q. he reports 90 poor finan- al foui lion
au u1.s b!e dec ril- t.ou OF dividend
Ire improy eir-rt OF business the
< r1fh wa indicated By an increase IN
railroad earnings. which has been very
marked arl uroyeI q s.=aiylng influence
Oh To, price OF stocks.
.,s1luj on Of he iron ore pool Is
reg4rlr4 az a "a -u-sI gentl. Nc ~ ,ha
disruption o. other com b!nts In -ecur ties
Az "a eNpe-tel 70 result In A larl-.v iu-
creased yo.ufua Of tit,g ness nrhougn a.
.lacr pr!ce- A beneficial effes,, ! lookei
f1r on general business
sSoIne q the week's declines at The .Y-
f-.r.- fog point w-rt. s.s follows he clos
:ng r.-.s.s for the, y..-ek heiny ab,l, no