The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-23
MONEY AND INVESTMENTS,
Doings Of Day with Wall Street
Operators.
DEALINGS IN STOCKS WERE LIMITED
Traders Were Somewhat Pu,,,ca
ny European War Rcports-Closc
Weak with Small Declines.

New York, April 22--Only two stocks
were dealt In today TO the extent OF 10, 900
shares. namely. New Jersey Contra, and
western Union. The local excha nge
seemed to have lost its doclle fanh in
l-ondon's superior knowledge OF the value
of American securities whlch 4, was so
ready to acknowledge yesterday after It's
Costly experie,nce in giving way 10 tho
t.m!dify on Monday. The New York prces
refused to conform TO the London quota
Tons, which hid risen otter the London
opening 10 above tho New York closing.
me New York pr.ces, on the contrary.
ohstnately persisted at lower level than
the parity with London. London pr,ces as
consequence fell off in the final dealings,
seeing the persistent pesslmism Of the
New York market This pessimtstic mood
of the local dealers discouraged London
from buying in this marka,, even with a
higher range prevailing in their own mar
ket. Arbitragc cppos.tions were insgnih-
| cant. The close IN London showed the
prices of Americans still above the New
York parity, IN spite of declines In sympa.
thy with New York.
The stock market obetinately refused to
respond 10 the weakness in wheat, with
a rise on the theory recently prevailing
that a European war, while 1t would in
crtase the value of wheat, would deprcci-
ate AMERICAN railway values. Prices sag
Eed all day and business was almost stag
nant: minutes passed wturout single quo
taton being posted The market was left
entirely to uhe traders, and these were In
iluencei TO some degree by the fact taat
a largo operator, recently Il bear but who
turned buyer yesterday, Joined the short
side again today.
The reports and opinions regarding II c
war We're very conflicting today. There is
a general disposition to buy on the belief
| IN the success of the TURKS an the ground
| that Turkish vi>tory would leld - the
ending of tho war. The abssmce Of inior-
| nation from the Turkish forces and The
confident claims put forth by the Greeks,
toEegher with the news that a Russ.an
| fleet had sought TO pass through the BAR
darclles and that Turkey fears aggression
| from Bulgaria. confused the calculations
OF stock dealers and gave pause 10 ,he
trading.
The money market continues IN a lcthar-
Eic condGtNon and inVuirers report that
money brokers find new business .pract'
| cav nCu-eNisfent. thus refleotinS the gen
eral dizziness Of all business
| The only feature of any interest in the
days market was the movement IN the
cos!ers, which had an appearance of ag-
stock .rd!catcd that the demand came
| from tho short .nicres., who were the
| victims of some professional malleuver!ns
The movements we've somewhat orl.ttic
New Jersey Ceural ranging over = So per
cent ard closing with net gain of Us
Delaware and Hudson and Lackawanna
moved In sympathy, the former closing
unchanged and the latter with ! net loss
Western Union was weak on publ .sh, 30 re-
ports Of an improved method Of telesra-
ply and on rumors OF decreased earnings,
AMI suffered loss of ~ Union Pacihc
was in good demand and gained x on the
day. closing at 5z,. The Amer can Spirits
common stock lost 3-S and the preferred
| 9 per cent Movements otherwise were
narrow and without interest. The closing
was weak, with T. general decline OF q
| fraction
The railway bond market ruled quiet
but with a firm urde1tone. Illustrations
| IN the principal issues were unusually mar
row and there was 81 marked contract on
IN the voluma Of trading in the nigh grade
| Hens Some sharp variations were regis
tered either way in the usually neslected
liens. The extreme ranges were ~ G; >
| and c. firsts which rose, and TOLEDO, Pco-
RIA and Western frsts. which fell Per
| cent. Sales S935,o01
| Total sales of stocks today were lls.52s
| shorcs Including Western Union l61OO,
New Jersey Central 15SO6, Sugar 1890.