The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-13
MONEY And INVESTMENTS,
Doings Of a Day with Wall Street
Operators.
GENERAL TENDENCY WAS DOWNWARD
Profit Taking Was the Cause OF Ex.
tcnsiyc scllinR-Bond- Ensed on
slightly I'm sympathy,

New York. April l2.--The course ~
prices wos very generally downward to-
day. The downward trend brought re,l-
izing sales IN some of the stocks that have
enjoyed the greatest gains of late This
was notably true of Chicago Gas, which
rose Nc Qftcr the opening, and which sub
sequentiy declined 1s ON profit taking
the sssles reaching an aggregate OF over
2oVYp shates. The stock recovered half
of the loss. The local gas stocks were
soih down win The SAME purpose. Con-
solidated Gas IA and Brooklyn Union III,
american Spirits common and preferred
Also declined ON realizing, The former III
and the laiter ". Sugar secured an al.
vance OF u in The early rally, hut reduc-
uon OF "a IN the price OF refined sugar
aroused Tears concerning the expectrj
prohts TO the company from Imports OF
raw sugar IN anticipation of the tarin and
the stock sold of ia The closing, how
ever. was practically unchanged Quite
4 notable center of depression in the mar
ket MAS Tennessee Coal and Iron. wlttch
lost ia on the report of a threatened
strike on account of u cut in wages grow
ing lg,, out of he contInHSed low price Of the
We're said &c have an early iut,uiation OF
the coming decision of The supreme court
which was not announced until later in
the day, and which was lrfavorablr TO a
contention esadnst the Hell Telephone
company. held fer several wears by the
western Union, Fears wore cNpnrs -od by
creased competition against the Western
Union by III" telephone company and this
had the effect of driving down the stock
~ after an early gain of y. This seemed
TO open up decline in tho Gouljs. ex-
tendiSg 10 n point In Mlnbat tan ana
traction In the Southwestern railways of
mis- owuorsh.p, which Also had to coA-
tend with some unfaVora Ole renorts of
earnings for the first week In April. Re.
ports OF increased earnings for Kansas
aud Texas and Texas and fucinc were
mob received until near the close. ana so
wee without effect on the trading
The coalers were subjected TO heavy
pressure after an early rise OF ., IN New
Jersey Central. The argument was that
haiNy damage had been done to the COM
pany's collicries by the flood 4 fall OF
= haif was Fought about In New Jersey
central. l-ackawaana, Reading common
first and second prcfetr.d. aud II, In Del.
aware AMI Hudson. Declines were unlte
general in the railway list. the t.ranrcrs
Scuihwesi rms, Nenderhuts and interna-
tionals all showing symptoms OF dcprc5-
sion. Louisville ami Nashville held
notably ifm on the strength Of an in
crease of earnings. Tho closing was weak
al the lowest point IN most cases and at
general net declines
The bond market oased OFF IN sympathy
with the downward trend of share values
but the losses were small aside from
dorado Midland iirs-s. which reacted Z.
sales 1868 .0Oo
The toti sales of stocks today We're 1in.-
5l7 shares. including Sugar. 1900: CHI
1900.
Boston April l2.-Mex,can Central y.
FINANCIAL CABLEGRANf.
New York. April 12.-Tho Evening Posts
stock market was dun and depressed to-
iaN, after A steady opening The stock