The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-01
MONEY AND INVESTMENTS,
Doings Of Day with Wall Street
Operators.
CLOSE WAS AUSLIGHT NET LOSSES,
Not Pass Caused Depression After
Intellectual Raids by Bcurs.

New York. March 3i-rhe bears succeed
ed In effec,ing quite a notable break In the
marks today In the last half hour OF trad
ing. after partly futile attempts to cave
u all day. The short interest. whose Ines
are reported TO have been greatly extend
cd since the Transmissour. dec sion of the
supreme court. was pdlpabiy uneasy all
DAY on account of the marked resumption
OF strength in the market yesterday and
the apparent subsistence OF the In ght OF
security holders over the objects OF the
dec4Sion. y continuance of the improved
tone was evident At the opening tins
morning, In spite oil the decline N price
on London exchange, and general adj
vance occurred. nos exceeding a traction
IN any OF the active shares, but rea aching
point or over in the cases of Canada
southern. Canada Pdc iiic. BE- -Four, Sus-
duehanna and Western preierrei and III e
INST preferred. New jersey Central COLI
tEucd, under heavy pressure, to sell, hut
the special motives for the Selhng-tha
belief inat the dividend would he reducei
ANA me pubnShei ass artionS OF the bad
nn@nctal condition OF It's related coal COM
pdny--detmctei from It's effectiveness as
an instrument for depressing the general
market. The bears, however, continued
30 coh;cr their man efforts on New Jer-
sey Central all day IN the determined and
systematic attempt TO stem the upward
course Of prices. From this stock they
MADE excursions into various fields. The
Could stocks were attacked as group,
Manhattan falling > points and Missouri
Pauti and Western tnon / each. Ihis
Induced sotnc realizing sales. but the mar
ket soon recovered and resumed it's up
ward tendency. Even New Jersey central
itself. which was the center of the de-
76l.
II was after delivery hour when an un-
expected selling movement set N IN Dela-
ware and Hudson. The only explanation
offered was the general depression exist
.ng IN the coal trade and rumored losses
ny hoods In the company's MINES. The
sales We're not very large. but under a
persistent hombardment the price went
down by leaps and bounds the decline
reaching jss carrying the price down 10
lelis. Lackawanna only registered three
salc=-a total of 100 shares-ln the last HI
tom minutes Of trading. but tn : was SUI :
hccHt to depress the stock u. The Read
ing stocks escaped any very rotaple eff u
which declined l's. The heavy selling in
New J.rsey Central was simultaneously
resumed and the stock was sold down 20
q, showing decline from the TOP level OF
q points Sow Jersey Central sold at tho
opening on March for "a, showing 4 net
decline n March Of % points. Just at the
clcse IL rallied a point.
Much was made also Of the statement
or Senator Cullom. chairman of The sem
~ COMMITTEES on Interstate commerce,
that there was no chance OF the passage
Of the pooling bills by congress The
whole market sold In consequence, losses
ruiching ~ n the cases of Burlington
aud Rock Island and -. in omaha. De
clrci OF pc Mt or over were shown IN
Chicago Gas. General Eiectrc, Paclnc
Mall. Tennessee Coal, Leather preferred
Western Union. Northwestern, g. Pau.
New York Central, Canada Southern, Big
Four Atchiscn preferred and Louisville
and Nashville. Tobacco huctuated quite
widely on man,pulative orders. RS ng "a.
SnC ~, in the late trdNng, but soon re-
acted. the closing was weak. net losses
aN -raR.ng point In the STANDARD shares.
Trading In bonds was small in volume.
hut firm tone was manifest and ncst OF
he leading esucs made Slight progress
toward a higher plane. The ST Louis and
Southwestern issues again attracted at
teniion by wide variations and a long
range. the seconds losing y per cent.
| Sales 81 10000
Total sales OF stocks today were A,76e
| shares including Sugar 1900. Burlington
| ~ 100. New Jersey Central 1880, St. Paul
| 2o.S0