The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-04
MONEY And INVESTMENTS.
Doings Of a Day With Wall Street
Operators
FRACTIONAL GAINS WERE SCORED.
business wns Modcrnte In volume.
cninR Tendcucy--Bo

new YORK. February 3-Today's deal
mss on the stock exchange were only
| fhohrrhtc in volume but showed broad
""ihs tendency, and there was net gain
OF a traction generally throughout the
i'S'. The lower priced stocks attracted
speela! attention, hcing particularly true
ot Union Pacific, which was bid up T.,
per cent on active trading by profession
| ais
! ne 'ctivity In Union Pacific was due to
beiiei that the property was In some way
| 10 ne 4 beneficiary of the operations Of
the Northern Pacific. which have attract
ed the largest share OF the attention OF
| the market for several DAYS past. The
Precise range of the powers and influences
, concerned In thes, operiI,ions Is not trfn-
itcly known, but the reports that the
Northern Pacific Great Northern and
Union Pacific were jointly cndcavoring to
acquire an influence In oregon Railway
and Navigation, though without oxplicit
a,uthorlty' was the impcllIns motive for
| .nv interest in Union Pacific which led
me railway list In point Of activity. with
S@ites OF 1870 shares, closing Al an cd
covered from the profit taking OF Nesicr-
Gay, became firm and advanced q per
cent on the day. Oregon Navigation pre-
,tsIreu also gained point on account of
.iie same reports. but loNt the advance be-
lot" inc close. The usually inactive St.
LOUIS and san Francisco secuis1ics were
prominent ard scored a net gain Of lia on
W hrst and second preferred stocks. sup
posed to be due to aa.ivity by the reorglp.
iH"toN interests of the road. The u dllnE5
IN me above named properties contributed
10 me hrmncss of the market. which was
aided nv the advance In some leading
SHARES. nniaby Burlington sad the AM
ttal fraction.
The efforts of the bears against few
general market. Those efforts were Al
reCied at the opening Of tho market
nuEaln9' sugar VIII ch sold down u. on
W hsilhEton ru1nofs ot props ID changes
which would affect the projection of thS
staple. The stock subsequently disl'avcl
.icusln' however. on inquiry from short
,iiteIeslS anu recovered a poir The ei
lohs 10 depres's 81 Paul on account OF
tue decreased earnings shown Tor tho last
Wo"k OF December also proved unavaillng
Lea nor preferred WAS pressed for sale
IN the late trading and reccdcd a noint
from che high level. bui without effect in
the general market, Manhattan suffered
from lduidation of special holdings in
dueed ~ aesressiveue of surface lines
lhe absence of inside support TO the
stock also led TO shor; s0!cs. but some
covering orders were executed M the low
level. WHICH prevented the stock from
Scorlng 2 Greater To-" than - The mar
Ret exhibited increased activity toward
tn close, with final prices ,he best
fhe upward movement IN railway bonds
W 8 resumed today. with purchases bv the
foreign if|crests again The frature. Tho
low prc0d issnes' Were tho lcldrrs In point
@: activity and strength with come Of lie
recently rcorGau'2el properties looming
INTO Prominence. Sa'vs 'iac.mo shares
Total sales srocko today f3ltN7 shares.
ipclraing Sugar, 1looo Huntington. 7eoo;
Northern Pacific preferred 600