The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-11
MONEY AND INVESTMENTS.
Doings OF q Day with Wall Street
Operators
TRADING WITHIN NARROW LIMITS
Dealings Were Chieny in Industrfais
and Sugar Dominated the Market
Rally mt the ClOse-DOnds.

New York. February i0--The stock mar
| ket Continued within the same narrow
| limits that have chardc. er.zcd I; for some
| lime past. the trading being almost
| wholly confined to the indus;rials. with
httie evidence of any demand or inquiry
| otherwise than By the room traders max
| ing days margin of profit In manspu-
| lation OF the stock. Stock dominated the
market for miscellaneous securities, SYM
| patnuueally, owing no the large volume Oh
| me trading in that stock. but railway
\ shares. though the transactions In them
were small, snowed a disposition 70 move
| Independently OF the oVcrshadowIns an
dl!s.risis. 4 he bears attack on tn" indus.
trials was resumed with the opening OF
TIE session with renewed N.gor ana they
spcccelod in depressing sugar lis Tobacco
ia and Leather preferred / per cent. Inc
consequent nnctua tons IN these SOCKS
"e9c very marked, beng caused Ny the
covering OF shorts. 1nore Mas nothing 10
show well sustained support for any time.
ana they seemed to be left TO the course
OF manipulation.
a clear idea of the narrow dimensions
oil dhe mirksk will be gained from lhe fdet
mat out OF a total OF l5s0J shares sold
on tho exchange today ABOUT 1905 were
OF the ilsrials. Sugar Tobacco. Leath-
or Ind Rubber. and 5000 OF these shares
were of sugar. All sorts OF rumors and
reports were used to press down th'
Place of these STOCKS che principal appre-
mons on concerning them being In regard
10 the trGIt invest gRtion committee. The
pressure against Rubber was particularly
strong. IN" common S,ock yielding lis and
nv preferred per cent with a final re-
coFeiS OF per cent The influences upon
ms stock ''eic reports that certain OF
the Rubber properties were TO close down
an ~, that opposition by competitors was
KEY to develop. There were also sharp
iccIlnes IN the Anthracite coal group. The
railway list was well sustained by late
eHV'ces of a strong and HIGHER market for
american securities abroad In consequence
look. Wv
The very favorable traffic statement Of
St. Parl for the first week in February.
shoWlnS @1 increase of SOS also helped
prices OF railways. notably OF the GranE-
"nS. me importance sought to be attach |
90 by me hears TO the reported serious
luheSS OF President Roswell @, Miller OF
IN" 81 faul was onat ny the traffic |
= statement. There were some foreign sales |
ot M" stock. but 1t was well sustained |
'n ni,rs1'a u, ana closed UNCHANGED.
iiinols Steel was a prominent feature in |
the days business and the price moved |
widely, according to the tenor of tho adj |
wee from the annual meeting IN progress |
IN ica@o. Nothing authentic as TO the |
annual report was reached up TO the close |
pt bus ntrss, bim the bears we're Inclined |
10 Htta"h Importance TO The rtmorei els |
ncinneri1ent of the steel vLl pool and the
T,ppris Of strained relations between the |
~ inois company and Carnegie Rockefeller |
interests. subsequently dIscredtci The
stock fen ~ to 32i., rallied to 3ile ard |
relctet To 3Sis Sugar rallied IN the final |
iour IA to ll2as on a reported advarri
~ IN" price of the product and on extern
~" covering by the large short interest,".
nhacco gained liz and other shares in
'orlani fractions The closing was slug
;lSh. hut mainly STEADY.
'ihc bond market continues to main
am decided underionc of strength. de-
'piic the weakness apparent at times In
n" share speculation. The heavy afsorp-
ion of the principal liens for foreign in
er'S'i. encourages a better demand by
oc'hl invos'ment in this which IS reflected
2 higher and wider market generally |
some weak spots are disclosed through
pctlhc developments, hut changes Eener.
lily are In the direction of Improvement.
lhG announcement that the Union Pacific
lhkng turd eigllta committee had ac.
vNied the notifications IN The plan. which
,inhriccs an exchange of The bonds for
% per cent in the new fours, ami 10 per
ont in preferred stock Instituted good
INJURY Tor the mortgages, which rose
'cr cont. Sales. S2.O3o, 600
Fort Worth and Rio Grande firs.s 10
lnel >, St louis Southwestern rrats and
v. ran and Wisconsin ana Michigan d.
sion ives per cont.
Total siles stocks today sos shares
n,clui,ng; sugar. $500; Tobacco. $500
'hiCdGO Gas, II 500,