The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-17
MONEY And INVESTMENTS,
Trsasact Icns d 4 Day Among Wall
Street Operators.
BEARS AGAIN CONTROLLED STOCKS


New York October 16..-There' was hoth
Ing to Indicate any urgent covering 2
short contracts in today's campaign, sucf
as is often customary at the close OF tn
week OF & bear campaign. Today's mar
ket showed a Arm tone during the greater
mart of the days trading, but the huctud'
tlons were very narrow and the close Wa
~ small declines from the best. These
xvere IN sympathy with q break OF Is III
Manhattan ON short safes and OF poi''
In Chicago Gas. which was the most strih-
,nr demonstration by the bears during the
dav' Both parties In the market showed
equal apathy There was good buying IN
tha two heading specialties. Chicago Gas
and sugar, the former equally attributed
10 a purpose of inside interests to acquire
sto,k and q nianeuver to squeeze shorts
Missouri Pacific was offered to some ex-
tent. probably In sympathy with the raid
against Manhattan.
IJnson Pacific exhibited some depression
on account of the expressed criticism oil
Tho MINIMUM rate agreed to by the gov
er,,ment for the satisfaction OF us claims
agreement TO THE foreclosure sale. Lon
don was a. buyer on balance To-Day 10
email extent ard afforded some important
mel changes. but most Of these arc ga ari,et
for sIgns mat II has turned up again.
Such a proc sss has apparently been maj
rurated twice during the week. put me
,inv,nrd ootirtss came to a stop win the
clnssutr az short contracts ana the reac-
Ton resumed its sway. The reactionafy
tendency has now continued d"IindiN ~,
about month. me aVerase ueei'e W ~
thar time Is about half as much az was
the rise la the previous four months OF
the bull market Statistics might pc clteu
OF the tendency OF REACTIONS TO decline al
ter prc,hous great bu.l markets, but pre-
cedents are mlsloMhlne' and various; me
main fact Is that, even IN tho fuii tidu
OF the conditions which induce an I'D
vance 10 prices of SECURITIES, " Is lhVarl-
ably the rtile that ~ backward swing oc-
ours covering n mn terlal part though not
The whole OF the advance. rile protesslon-
al trnders sold out their stocks a month
ago Mt the nigh prices and they 40 mol
care TO buy again go long as there -
prospect of further declMhs During the
week many holders who have been per-
sistent IN holding on for turn have be-
come disguised and have lquidatcd, thus
giving rllsutefan assistance TO the bears. !
The reaction began with the expressed
fear Of Il strnRency In tho market. There |
has been no " rlngency. ana IT, Ia now evil
dent that ihcre VIII not be. The motive
OF last weeks selling was alleged fears of
din - by drotth bun tho breaking OF
tne drolnh on last Sunday has not restored
confidence to buyers. Much has buAn
made out on the unfaVoruble effect on
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~. =, p on ior ocponeF ~ this conn-
Low