The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-02
MONEY And INVESTMENTS.
Doinqs Of q Day With Wall Street
Operators.
THE ADVANCE IN STOCKS CHECKED.
some Texas Hallway bonds Went TIP.
Gaining One Fer Cent Euch-Frac-
tionnl Losses on stocks.

| New York, February 1.-The upward
| movemcn; In the stock market which
| marked The dealings in the nnal DAYS of
\ las. Ncck received a cheek soday. One Of
| the factors in this upward movement was
| a decidedly easter monetary situation at
| bone and abroad. giving expectation OF an
early substantial rvivai in legitimate
iraie through employment OF such capital
As lads TO seek an outlet investment in
prime securities. The constant absorr-
aon OF gils-edsed securities az the high
prices prevailing and the limited amounts
Offered encouraged purchases of the mid
de class mortgages with liens on proper
ties undergoing reorganization. The OPP
portu1slios FOR profitable speculation in
these issues ana the efforts for various
lndeT"r.,ns syndIcaies engaged Ia
financing propt rises TO secure as nigh a
riLTh.t AS possible for their holdings. has
shuuceu -he employment OF lnnus IN TINS
tArcciicn, Whan would otherwise hr.ug
!efndHefatiYe rates. This tended to In
crease commission house orders to an en-
tent Which showed marked gains In sonle
hntAcial shares ana vas also shown in at
aSSrrg.te OF sales of bonds amounting
e S'''Ap" The trading element. how
ever. MAS more disposed % operate for
lifeline ard reCciNuu effective ard today IN
the execution of Numerous selling orders
iog fcreien account.
r,sh"rs ana the uutavorable construction
rl4cCt upon the changes IN the araiira-
,iou treaty bv the senate led To the cur
t@AmcW ot purchasing orders by the
leading interests IN the market and al
thcush the market s;eadiei ar intervals
under covering and moderate inquiry
lpF the long account the tinal prices show
l19srN of a traction generally. Hl1h1t-
Tan Tell 5-s ou rhc rettoration OF ;he re-
rgit trmor OF q probable issue OF bonds.
NortIcrn laclfc stocks and bombs con-
A'H'ed as the feature of The grcA' cpecu-
l.-lioN "ne were alternately huclcd aud
~ ugc.ssA-i on VArious minors in .ircull-
.ion Ia ra2arl 10 the property. The au
ho2uceins M by Prasl lcnf I'M that there
we're no negotiations IN progress with the
Northern Iutu, To- behalf OF traffic al
hs pre ici 30 realization IN the shares
~ scr which me common yielded IL and |
ii'% p'eierrci l. The shares. however |
were vel taken az the low ilglrc. an , !
fd!ed sharply on iniimniiors that Il rep |
r. ttNa'Ne OF large foreign interest in |
me properly WIS negotiating for "A large |
block OF The s.ok The dealings IN the |
loW price! stochs attaining prominence, !
l-tckawauu1 Was an exception losing ~. |
The pressure against The market was |
G uit" marked IN the later operations. with |
some toe Ks rcS erlng tho lowest prices |
The railway acei mlscrllareol hond mar
ktt ruled strong and developed unusual |
activity on the execution of heavy pur-
chasing orders for invrs Wcnt account. |
The dealings embraced = lrrc numhc. [
Of securities with tie Northern Pacific |
htchifou and 81. Louis and san Franciarn
Sales Seis co. 81 Lous ard san Fran. |
81 CO general Is advanced - Fo-; Worth !
and Denver CITY drs.s, Kansas ana TeXas
-. Louis and Ssn FRANCISCO Ga nnl |
Tes1e Pacific firsts. ! per cent each
pctnI sales OF stocks today I6c ,152 |
!hares. including Burlington 1890, ror,h-
IN Pacific preferred $3.50 st. PaGl. T..