The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-07
MONEY AND INVESTMENTS,
DoinaS OF a Day With Wall Street
Operators.
FLUCTUATIONS IN STOCKS NARROW
slight Declines in some OF the south.
ern Rniiwnys-MRrkct Rallied and
Closed GENERALLY Firm--nonds.
Now World. February s.--yhere was llllle


vi.
New i"rN. febrnary S'-yhere was little |
| OF importance In the transactions of tho |
stock az ,hanva toany ,ha aa,,t, . ,.,
~ - 'N"'', Wv ue"'HsS p"'hB
on " snaii scaae ana the hnctunuon of
prices within narrow limits. htly closing
a week which has nrovna dnii tbrou.ho,t
| ia s,,,o -, "a, -, - - ""''''"
-" np.'e Vi Sne hopes entertained at tho
pesihning or revival In trading Today's
| opening proved Irregular I'm, y,rorau,,
heovv ,,l,, -. - s N'N'""s
"V"'s' uhper mueh the same Influences ~
yesterday. feeling of uneasincss CEN
! tered about the industrial shares mn,
dotibtndtv an. 30 A. 49,. ~, ~,
,,,' wv" ~ VIC proceedings OF inc
| i"SiS'"'No urhst investigation going on IN
! the city In the railway LEST also thu, ulti,-
luoation or so,,a d,,s,,,,.n,,,,, "a.
.,,,,,,,,,,.,,, u'sa i'o''''"s "A'nN
! S'h'ornvhls OF Inc Southwestern lines cN-
ertcd n generally depressing influence with
~. ouis southwestern and louisville ana
| Nashville and Southern prVferrt,i le,iA!ng
the decline.
The luaustrials found fairly good gun
FORT but ngurcd less prominently IN the
dealings than yesterday. n MAS only in
the final hour that the market exhibited
any decided tone ana theu tho profession.
al traders slarted to cover extensively
in the indusl rails Az "A conrrotienrr
Sugar, Leather preferred ana American
Spirrs, both common aud preferred I'M
proved on am average about poiui.
few Of the railway stocks plso came into
prominence doubth1S influenced hy the
excellent s,howlng of The. weekly bank
s;mtement presenting a loss IN surplus
reserve OF 81, Sos 200 and lncrease IN loans
! of s. IN gD ANA in drboslts of ( t,lO 0'D
The market showed more activity in lhe
rally and left of generally firm.
The week thus closed presented only
one feature of any special .nt,,rcsi or in.
IortAnco. rfds was tho development OF
tho new holdings in Northern pacihc and
Inc ronfnun inii1cnn., ercured in Tho ore
gon Railway and Navigation company nv
tho Northern Pacific The Great Northern
and Union Parlnc railways. The trans
actions in Northern p1cIi{c common ana
nr.ferrad sio Ii ana tn the s,.rii,stir. nj
his roinpAnv were heavy both In ma
market and In foreign maiitcts. ana liii
n pratlfyIng eject ns in,ilsniirg a revival
OF lnt,TSsf In n roorpnnilatIon Combine Of
lntcrests 80 rrofnisinr OF aayantage 30 ali
, lconcrr'n,,j th,,t IA rnuld moi mn IA" viavpd
with complaccnro by every one Interested
IN financial affairs
The money invested In American nrou-
erty by continental capitalists represented
0 nm lhie trnrs,,iInn vnnia h|vn AZ ~
. f"ct on mo .y"ha,,,,c ,,,i"s h,,t No. an
paront cifcot has been noted. The rcduc-
. lion of ,b, exchange I.afa hv tlr, Bank of
itn,.lan6 ia 4 nov ront v,ns n,nn,i'I "a
; nrov" a factor IN mo oSch,nee mere IL
(, no duilhi also thet mo far, I'M thn on-
; anr n,,,i''r saiI Hna.ice, "h,r,, ,bia
y week h.a bna a.. affn,t In orsnfItng thn
c obliratJous of couilncntnI buvcra of our
Securities 5rbe ior,cr disrn,irt ra.,e IN
; ion',on shoa,,n, ~. n,,,i,, ,,,3, ~,
MONEY there Ia ,,"ent'I ns 7, f,ynrs,bIt
' fontmrc In the outlook here ae providluc
=. means for Investment in hmnrldnn iron,
oriles These conditions IN the in,,rno;
~ rra,,,, SSeor,, "ts
tho export OF eod In the inimedla Ate i fu
=; | NJ ,. ,o,,, t,
bon nu,9 he 9ti wnn ' %r or N cn,D
de"t with the selling Of " our sioeks ana
n tnerr ' ~. f.,so n"cn y large turopvth ur
necion ,' Win thn ra neHT OF tbe s G1,
!: IN Tho Underwriting syndicate TO t;ormni
/, interests This demand extonled Ia bonn
!; OF varioaas low priced reorgnnlsed propor
prior lien - we're largely deal, in an.
bought In London and also bought nor
= for foreign account.
:,
- one OF the features 90 tho week ais
j. was q decline IN fhe previous very h'sl
l. rate lor government bonds Mheh ~ ~