The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-06
N LIQUIDATION.
Mere Thrown Over 10
Wholesale Lots.
|oF ONE TO FOUR POINTS.
|nmls Put Pressure On and
|the Downward Movement.
gering at the C;1nc.

X, November 5.-The stock mar
vent a course of very drastic
today. as a result OF which
kfcm / to points lower than
klast night. That this course OF
helped along by professional
kare WAS made evident BY uhe
covering movement which de-
Ithe final half hour of trading,
led great mary stocks over
n the lowest point touched, re-
% much the losses which were
shuwn by the Gays trading.
ecovery at the close was on. a
FINISHED volume of business
bparentiy effected by the term
khholeslng of liquidation offer
> done once or twice previously
day, only To be succeeded BY
ubdation and decline. There IS
hat uhe motive OF a large part
hg was the belief that relations
United States and Spain We're
yards AN open rupture. This
bhe bear argument Tor some
stock market, and has been
I've IN depressing prices when
ng THAT could be construed as
he evidence was offered. Ap-
on this score received q po-
Sulus tium the New York
commerce yesterday In ap-
am increase in the artillery
limited States army as neces-
adequate prprcction OF New
e proper opera tpon Of its hNr-
The pubic expressions from
Kited States minister TO Spain
the character of the dgpio-
hons between the two coul-
Us outspJasen asivocacy OF In
by the United states IN Cuban
nsffied the sentiment OF appre-
ong security holders. The near
the converting of congress and
hat this event was to crystal-
krnments policy towards Spain
prospect more vivid to traders
Apprehension regarding the
he president of the sugar conl-
4 that stock with its powerful
) the whole market particularly
IS combination of factors was
III inducing many large holders
IS to unload under the c'oulvic-
10 immediate recovery In prices
he security is likely to occur.
a flood of selling orders and
a disposition in amy quarter TO
y result enormous blocks of
allowed to go f0g almost any
Would bring. In the first li9uid-
49, were offered down very wide
lic!ting any buying. The eX-
bne in Consolidated Gas of 0
ugar.. 3-S. in Lake Erie and
Referred, 5ih, Lake Erie and
sla,uon 4, and IN Manhattan 4ss.
Bmrcely an active stock on the
y not T'ecede at least points
nights level. There was rush
as as well, and losses of be-
y points were frequent. The
luiratiol was not precipitated
at the opening was due to
IT the London prices of Amer
fies advanced slightly. The
hterests at that money center
Informed on international af-
1.-THE absence of apprehension
ME effect of steadying prices
tarily. The fact was not lost
her that there was buying for
bunt In this market at almost
the decline. After the open
GEES in London fell to the New
There was nc.thing to ac.
I be hardening at the close, but
the shorts.
IN the general weakness m
eature of that market was tho
Kansas Pacific consols, which
~ per cent from yesterdays
ksday's sales were 5000 coo.
ties bonds declined i4@3-S for
Is Of socks today were sos, 800
T. udlns Northern Pacific 81, 40.
no, Tt Has and Paciiic $40.
of prices oa the active stocks
fher with the close yesterday.
~ for The Post by B. w. Hunter
IS follows: