The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-15
MONEY AND INVESTMENTS,
Doings OF n Day with Wall Street
Operators,
AN ADVANCE THROUGHOUT THE LIST.
several Reasons Contributed to Tkis
Rcsult-Enormous Dealings In
Bonds Caused Big Gains.

Now York. June 1.-THE upward ten
dency was resumed today on the stock
exchange orttC u short-lived selling
movement TO realize in continuation of
saturdays movement, The rise was In
spite of The dullness and heavincss of
Amerlcans, along with all other securi-
ties on the London exchange. This neg.
loot was explained by the absence of
traders to participate in the opening fes-
tivitios OF Queen Nictorla's jubilee. New
York ignored phe decline in I.ondon and
opening.
me warm, seasonable wcath.r and its
certain benefit TO crops gave fresh inn.
pSias To values IN the granger group.
winch remained practically stationery all
GsV week AT top prices Burlngton
Show,el an adNance of "a. Omaha lSs and
Northwest Iss Not gums wtxe slightly
he.oW The highest In the grangers as In
other stocks.
ihs declaration of dividends on some OF
w" Nanuerpllt group had been discounted.
as had been the passage of the dividend
on the preferred stock OF Big -Four The
common stock of this company. after Il
sllSht open.ng decline. made an ui,lc-
Npuig'dple adNanoe OF per cent IN iglse
VI the dlNidend rumor and u iirst week
slllthul9 showing a decrease in gross
ntrhihss oil over $1,000. Reaction carried
ny price below saturdays close.
ine local gas stocks all showed very
u"tttaolc buoYMncy, which no news WAS
tpp,heoming 10 account for, though ru-
nl'iS dV" been prevalent ioC some tine
vi 4 rohsohdAmon of interests among the
companies. Continued strength In the
stocks of non and steel companies re-
lltclcd tho improved outlook for business
NJ that Industry. Strength was also mant-
tested bv the GonldS. Morh.httan advanc-
ing OVER point
lho good buying of New Jersey Central
also continued. resulting in marking the
STOCK up points The strength of low
prIeed shates of reore5nizei compan,cs
collhlued manifest IN the advance IN the
preferred stock OF Northern nuciflc and
N dllStS and Texas and the second pre-
ferred stock OF st Louis and SAN Fran
CISCO, and sales aggregating 1000 shares
of the last named.
quite a feature OF the tiading was the
huhih"r OF fractional lots Of stock that
HiNlSeI hands Indicating the outside pug
chaseS made thereof 10y commission
houses. Thee sales OF odd lots were well
distributed throughout the list.
sugar developed marked strength as
NE day progressed and showed Il sharp
gain on the day.
chicago Gas was active but irregular,
railyhg over Ia and closing with q net
Ia,h of less than n point,
FoitoNlug are the noteworthy advances.
.'onsoi'dated Gas 4. East River Gas and
starch preferred >, Wells Fargo ga Brook
lyn Union Gsts ., and Sugar. Lead. Cotton
~ preferrei. both Rubber stocks, Brook
80 '.'i't'4 iIdli9lis iltiHtIS sNAttl Ntl' ok
and Western preferred. Pittsburg. en-
chnati, Chicago and ST Louis preferred
Pullman. 81, Joe and Grand Island pre-
f"Tred. a point or over, besides those spec
tally mentioned above.
Trailing IN bonds was on an enormous
scale, the sales aggregaing almost So.
$4,000. Decided gains were made in West
eivi issues. with ST Paul IL scoring the
extreme improvements of per cent. The
market Developed considerable strength
with purchases of tho prominent mort
gRrcs being made for speculative and in
Veslment account with confidence The
government bonds also showed strength
thhD pcrmeated the securities market. The
new Is coupons were quoted at l2dk. the
best price noted In the present movement
Transactions were confined to a block Of
ST. 900 at 1875.
Tho total sales of stocks today were
24a5l3 shares, including: American Sugar
23,000, Burlington l11oo' Chicago Gas Is =
io0; louisville and Nashville 1900 M!F
souri, Pacific 5000; Texas and Pacific t6lO;
Western Union 500 New jersey Central
u. 800