The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-27


New YORK, March &c - Bradstreets n.
view Of the stock market tomorrow Will
say:
There has been only one speculative fac
tor In this week market, the decision Of
the supreme court in the Transmssissippi
Freight association. The news was most
UNEXPECTED as we'll as ulsettl'ng in It's ci-
feet. When 1t came out about noon ON
Monday the strength OF the Vanderbilt Sc
curities and o. Chicago Gas and sone 9th
ers was giving bulllsh tone 70 the en-
tire market IN spite OF continuance VI
bear pressure In Jersey Central. AZ hrst
the street was inclined to minimize ihe
importance Of the decision. liquidation OF
long stock by interests which 1re iptos
ed TO know the feeling in railway cireies
som however made its appearance ana
was followed by a series Of interviews WIN
men prominent. in the transportation dust
| ness in which very gloomy views found eM-
| preston as to effects on rates II the ue-
| cision prohibited all traffic contracts be-
| tween the railways. The spread OF huch
| ideas perhaps in a somewhat tfatgeratcu
| form resulted In O general selling move
nort. the extensive LONG account created
/ during the "ecent advance bong prettS
| thoroughly liduidated. The bear party IN
the exchange were from the beginning OF
| the movement extremely active and aide1
the depression wherever stop orders couie
| he reached loosely held STOCK shaker
ont. II can no, nc said, however. that there
| ,Sas panicky feeling and while American
stocks were heavy In London foreign III
terests were buyers here rather thah sen
ors owing 10 the fact that there mas pee'
n considerable shor. interest ~ the A'nerl
can department Mt London which mas ~
m
large short interest here was also eHec,.N
in the decline Wednesday Whom news ina
| Wholesale Wit df ,watS OF railways from III
Western associations seemed 10 result
even more serious denoralizatloh OF w
market. The fact that the JOINT Iraiii
association Determined to MAINTAIN IT'S OF
ranizqtio, for the present and that Us ye
,he r.il,yays have acted conservatively an
arc allowing 70 rate cutting also hau
coed effect and there was some appeiinhc
| If eupport in sugar and In the vauue'
h,,t.. The fniI force OF the downward move
ment was displayed in Jersey Cent,ai an
, In the grangers. particularly nniaass'
which la,cr was vigorously hammered
40 ha,,s IN Friday the bearlsh pressul
resulted In riring the market an over sol
anneh-.noe ans short covering enhueu
mai close WAS firm in tone at fhgnt III
( proyement in the general range Oh P'ioe
! ~
Ex-Governor Hubbard MT 'rnnn"rs
Granbur,. Texas. March 25-Ex-doVe'
e nor Hubbard delivered his lecture
"Japan" at the knights OF Pythias ma
. last night to large and appreclafive al
A d,ence He seemed to be at his very be
4 and the lecture was indeed treat. !
listed Granbury college and the publ
}. school this morning and addressed ea
e one He showed the wonderful progre
y Texas has made on educational lines au
/. ,ng Inc last forty years and insisted tn
Il Texas had as good II not better faciliti
4 for educating her children than could
i found outside her borders. and that !
1887 900 dollars sent out by her people
). other States for educating Texas you
: men and ladies' was largely useless e
e penditure.