The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-16
MONEY AND INVEST
Doinas Of q DAY with '
Operators
TIE VOLUME OF BUSINESS |
Heavy Liquidation mt sh
ncnt Down Prices hut
Rally Came Mt the

New York. February ia-Tt
larger volume OF trading On tn,
change today than for a good n
The activity was practically COZ.
to the first few minutes after tb
when tho whole list tended dowi
to the last hour. which saw a sr
and general net gains on the d
actions. The slump In prices at
ing was wholly due to the panic
d.iions OF the mine reports and col
bourses and fall OF securities In
American securities were affected
Z don along with others and openin
I here were on level with London
items. The opening OF hostilities rel
K TO have occurred between Greece and
ley indicated to the minds OF raide,
ar embodiment of European powe
al inevitable consequence and they
accordingly. The bears were not slo,
press the advantage thus offered and
found still further arguments for lie
prices in the hearing of the legislative
| curry INTO trusts in progress in this
London was also a seller in this mar
at tho opening.
Although the selling movement last.
only few minutes after the opening n
industrials and the international stock
an registered material declines while
lasted. Sugar fell in price rs. Tobacco :,
otieaso Gas l. General Electric ~, Leatt
or preferred l&, Rubber preferred a ar
American Spirits preferred ~.
The coal and iron companies were ais,
especially susceptible to the bear efforts
OWING 10 conditions in the iron ore an.
s'.eI ore. Colorado Fuel lost 2ia per cen,
and Tennessee Coal and iron ~. Iilinois
steel was notable exception to the de
preston in this group and maintained ar
eresslVe strength throughout. 1t ultimate
closed with gain OF per cent on
the railway list the international stocks
we're most affected by the early decline. the
range being as follows: Atchison preferred
l 4 St Paul rs. Louisville and Nashville
.-S Kansas and Texas preferred 5-S.
Reading rs, Northern Pacific preferred az
southern Pacific 4
Ihe volume OF sales fell off al the lower
ieNcl ana period of staenaton aud almos,
utter apathy ensued. quotations only being
registered at long intervals
II was not until the closing hour that IN,
rally set in. which proved more general an,
animated than any movement Of stocks 10,
| many days. and which carried avcrac,
| prices Of securities to the highest of III,
| day. The rally was doubtless due for "a,
| most part 10 the more favorable aspec
OF a1airs In Europe, MS reflected from the
various bourses and London. \ conviction
! seemed prevalent that the powers were IN
| substantial accord in their intention to pre
| vent the Greeks from attacking Crete Lon.
| don bought quite heavily and a general ton,
OF assurance and confidence peryaded tn,
| market, The Increase in the easthound shin
ments for the weel, also had susta,nins
influence. The following gains were re
| corded in this rally
Sugar ,, Tobacco s. Chicago Gas 4
General Electric /, Leather preferred r S
Rubber preferred ! 81, american spirit
| preferred SIS. Colorado Fuel St Paul
zach; Tennessee Coal and Iron / rs, Atchl
| son preferred II. Louisville and Nash
VILE Is. Kansas and Texas L.. Read
ing ] 81 Northern Pacific preferred | l.
and Southern Pacific IS per cent Man
haitian was feature NJ the market. show
ing decline on liquidation owing 10 III,
| unfarorahle statement of per cent Il
S6 Sd, the other Gould shares giving way
slightly in some cases only fractional
There was extensive covering to aucmcn
TO the general rise. closing prices benz
generally at the highest.
The bond market fell of IL sympnh,
with stocks. and the subsequent recovorie
were 'oT the most part TRIVIAL. me bOnt
market displayed a reactonary tendency
the recessions being caused by the sam,
influences as those in stocks. The deal
inGs We're mostly confined to low priced is
sues with Atchison adjustment :ours ant
Kansas and Texas sccGn1s registering tbs
extreme loss of l-2 and rs respectively
The changes in the less active MORTGAGES
were not material. save In few instances
with International and Grea; Northern sec
de cr.t. for t,., NJ G Ia.
market displayed some irrcsuiarity In Tho
late session. The general tone. however
was heavy and the closlng weak. Sales
s1.45G0fn.
Total sales OF stock today We're lal 500
shares, including Tobacco 10.500, Sugar
37,90o st. Paul ic,60o.