The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-27
AND INVESTMENTS.
Transactions Of a DAY Among Wall
Street Operators.
UNION PACIFIC WAS THE FEATURE.
News That the Government Had
Accepted the Latest BID Sent
the Bonds UP.

New York. October 26--Tradtng In stocks
during the early part OF the day was re-
etricted In voiume and the fiuctuation in
pr.ces was narrow and irregular. The
latter part Of the day was more active
and rise in prices to the highest Of the
day was noted, the decline before the close
bcirg small. Union Pacific continued to
be the center Of interest in the market
anc ruled above Yesterdays close all day,
closing this afternoon at or near the best
ana 2h above last nights price. The open.
Ing gain was due largely to sympathy
with London, Which sent higher quota
tion for the stock.
The belief gained ground as the day adj
vanced that the government and reorgan,-
ization committee would come to an
agreement on tho basis of the committees
expressed intention to bid the full amount
OF the governments claim on the line.
The fact that this bid leaves the govern
ment claim of over $13,OOO,o00 on the Kan
sas Pacific unprovided for, and the rumors
that Increased bids might be made by
other interests which would provide for
this Indebtedness, caused come feverish-
ness IN the speculation at times, as the
acceptance OF such n bid by the govern
ment would endanger the whole plan Of
reorganization, In spite of the assertion Of
the committee that 1t was prepared to
carry out ITS agreement. even II the gov
crnmcnt should bib in the Kansas Pacific.
Late Ia the day reports from Washington
were TO the effect that the members OF
tho cabinet had decided to accept the
commit tees bid and withdraw their re-
quest for u postponement of the foreclos-
ure sale of the main hne. A fall of sls
points In ne pr,ce OF Kansas consol skies
trust receipts was the forecast of the
news received latter from Washington that
inc cornmlttce's agreement with the gov
erhrient Included an assent to a postpone
ment OF the Kansas Pacific sale. prcsuma-
bly, with view of givtng the government
an opportunity to secure a bid on this
property That would provide for n part or
a"s whole OF rs claim. AS the chances OF
considered remote tho price of the con-
so sIxeS inlhed per cent and closed Mt
W, Trading in Union Pacific absorbed
stocks. - "'A
r, Outside OF the gr,lngers, Sugar. Chicago
.ias and Bay state Gas, business was of
very small proportions. Tho tone of the
market was strong. however, and ma
teflal recVver'es from Yesterdays declines
were made, averaging about a point in
nv nne re erangers. A decline In rates for call
ntneN te'ln some Yerys favorable state
mcnts or railway earnings for the third
week IN October assisted the recovery,
mere wore purchases for London urcouut
of some Of the fayorlte internationai
stocks Incident to the settlement dav on
the london market THIS served to Keen
up NE price of Louisville In spite Of the
GoInt of the yellow fever u,farantine
4lt,sburg, Cleveland. Cincinnati Chicago
ana 81 Louis was active and rose at one
,,nr per cent, but reacted slightly. Mich-
lhhh central was conspicuous nv an nd
vance or ~ The better tone for Ameri-
S cams m London, was taken as rejecting a
u , OF apprehension over the Span
ISL relations with the United States
i,enling In ra.lwsy bonds was not large
nrt the tone was firm with the exception
Total sales 81, 10000. ''''e''
iutni ssi@es OF stocks today were 2is.0w
snatcs; ~ mnciudiny Burlington 1850, ST
M NJ ~ 'vs, mon Pacific 6o,al0
,He range of prices on the active .t,cL.
TODAY, together with the close yesterJaw
as reported FOR Tar Post by II. W. Hunter
d Co.. Is as foil3ws: ''e'