The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-09
MONEY AND INVESTMENTS.
Doings Of a Day with Wall Street
Operators
EXTENSIVE DEALINGS IN TOBACCO
Marked Dcpreasions in n Number of
Bond Market Generally Dull.

New York. March S.-T'ie most notable
| feature of today's market was the sudden
activity In the shares of the Tobacco con-
rahy In the last hour If trading. The
stock had been Influenced by the depres-
son existing in other Shares after the
opening and had failed point But about
| delivery hour a heavy buying movement
developed for the stock, and 1; quickly
rcSained the loss and more, rising . rs
10 " % cents. but sustained a fractional
loss IN reaction. leavin. the net Iain on
the day "a. The buying seemed TO be
Tor inside interests and vas attrihuted TO
various causes. There was a report tha |
the New Jersey suit TO annul the charter
conpanys favor. A runpr originating In
Albany was also In circulation that the
forthcoming report Of the legislative trust
investigation committee would not CON
IAN anything that would threaten harm
TO the, company. It was believed 10y some
also mat inside interests were giving the
Shorts a squeeze In return for some sue
veEsiui EFFORTS recently TO depreciate the
value of the stock. There were some
80" spares dealt in. which was almost
twlc" the number of any other one stock
The general conditions all seemed IA
vofable for buoyant market throughout.
n me- zone imported to the opening by the
americans being higher and there was
nuNlng Tor London account here during
the day. Louisville and Nashville. which
ms been notably depressed recently in
sympathy with tho London market gain
ed IN: New York Central continued its
sIrenSth. showing on the statement of
~ fH1 ,i gross earnings which were 49,,
3bl4vo. the largest for the corresponding
month IN any year since 1872. Omaha also
was up IA. There was. however. n cessa-
Ton OF the special activity in the Van
ings of the last week
me, CHANGERS showed strength and good
resisting power to the later depression in
mission house buying and by the report
OF an Increase in easthoin1 freight ton
ma has ,ho me depresslon was brought about
haitian Much doubt was felt az to the
action to be taken by ;hc directors At
thrir next meeting tomorrow on the divi-
be reduced. The price dropped IS 10
si'., and rallied only feobly New Jer-
s TeSe Een,ral was also largely soll on the
recent nnDlished statements of the earn
inss OF It's subsidiary coal company The
price fell OF per cent Sugar also mani
rested signs of depression, due 70 doubts
Us to the amour; OF protection which VIII
new tariff There was also a fail in the
pr.ce, Of sugar itself. The general list re.
,,Eonndssi to the influence OF these STOCKS.
Jersey Central rallied In the afternoon
"a. CARRYING with IT other coalers. Della
ware and Hudson showed gain OF ~
during a part of the day were intensely
dGn the fluctuations in vaues being ox-
titmoly narrow. The buying OF Tobacco
shares impaired strength 20 the whola
market, so that the close was strong
ana sharp gains were shown in the uil-
me bond market. but firnness was scncr-
ally apparent on narrow fluctuations
me total sales of stocks today were 49,
1G4 shares, including: American Tobacco.
q 400; Burlington ami Quincy. 14.60o. Man
haitian, li,7S2.
FINANCIAL CABLEGRAM.
Now York, March S--The Evening Post s
London financial cabegram s1ys: Moth
ing Is doing In the stock markets pending
.ireece's dehnite reply TO the powers, and
opinion on the situation. Although pol
tiles are the theme OF the hour. 1t must
not be supposed that the markets bear
Briefly put. London has made up its mind
that the powers want peace. Germany Is
supposed to be the only power really wish
ing to apply immediate and eNcept!Vc CO.
ercon to Greece. Japan continues to alb
snrb all the arrivals of gold other than
sovcreigns. silver is demoralizcd by ia
pans abandonment of the silver stand
ara, Berlin markets steady. Paris bourse
better.
FINANCIAL.
Galveston; Sterling exchange. Cos, 81 50
huying: NS selling. New York sight. nc
discount buying. isc premium selling; New
Orleans sight. isc premium selling. i.c dis
count buying
New York: Sterling exchange. bankers
siNGcs. SiS5RM+SbA: commercial sixties
st@A: reichmarks. commercial sixties.
~ BIG; francs. bankers sixties, $5lsls
commercial sixties, S5.1SX.
New Orleans. Sterling exchange. COM
m"rctll, Nsihm4S5. francs. commercial
sixties, s. l9ss; New York sight sl.oo pre-
MUM; commercial Csc discount.
London. Bank rate. 3 per cent; street
rate. l9s. silver. 2ek.; consols, Ill 1915.