The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-10
THE STOCK MARKET.
SHARP NET LOSSES IN MOST or
THE SHARES.
The Opening Was with n Marked
Upper Tendency. but Under Zeal
fration the Market sngged.

New York. April e.--Co~npared with the
t7ading on some days tbs week. there
was considerable animation 10 DO seen on
the stock exchange today, though the
market has by no means attained large
proportions yet. Nearly haf the sales to-
dar were Of Sugar and Chicago Gas, and
ine erangers and coalers took up large
part Of the remaining half so ma; the
apf aren't Increase IN business was largely
confined 20 few stocks. The market
oicn=d with que a marked upward ten
dency. and as prices worked upwail
there was broadening In tho scope OF
tae buying. But number Of tinlayor-
able Influences Developed and induced m
traders 10 take ihe2r profits. This proved
too much for the market and values sag
gol tff, closing prices showing IN mos;
cuses sharp net losses.
There was quite a notable demand a;
one time during the day for the Vanler-
bits. which has come 20 bo looked upon
o. ate as The first return ag Indication o;
an outside interest IN the market This
N - lagsely diIn!u!snca as shr markc,
gave way u deprcss on. Some OF the
buf-ng OF sugar IL the early part u No
Jay -. MS TO have been influenced by re-
p3rlS 81 protests against the sugar scheJ-
ule OF tao thrift bill by fore gin govern
meats The dealers IN stocks apparently
concluded from this that the tariff o.ll az
a. "HO.e was likely u fail and thus leave
thf sugar duties as al present. The sell
ING 30 real ~ on the rise was large and
rot only affected the price OF Sugar, But
h.Ifed 20 drive down proc in general.
Alter touching ID The price zen II. chi
caE0 Gas was largely dealt In and was
sd t"is. c.os.nE = Y, a. .comI2Te4 with
egi- al yesterdays closc. The strength IN
.nt local gas securities cont mEed \ fcnt-
IRE. Brooklyn Union rising p. but re-
acting Ia.
Tho upward course OF grnngers was
wheat market and they fol- off 5-HIl. MisN
souri, Pacific foil point also, while the
declines n the railway LIST generally did
no, eNce1d a fraction. Coupled with he
ieaNzng sales IN Sugar. came a renewed
heavy liquidation in the coalerS. Under
.tc Pre- sure o. mis-, New Jersey Central
81 liz e 2 as. Delaware ana Hudson 2A
and Reading ~. Leather preferrei had
IS own unfaVorablc factor % deal WIN
IN the reports that the senate woul1 Na-c
= tnf$ ou hides, and that stock lost
point, bu. recovered later Tho Rubber
shares were strong on account or the ''Lll-
tire Of some Of the competitors, the COM
mon rising 3is. afterwarl losing q ,rac-
uon, ard the preferred gained rs and
r"artcG ! per cent. The fan IN wheat en-
couraged a renewal of short sellers in
y duF tie5. and the renewed liquidation
IN tho coalors on account OF the persist
ent depression In the coal bus ness 10
operated TO drive prices down. Tho close
was weak, with the downward course IN
checked.
pond market maintained fairly
good lone, although some slight hclvless
developed "a few issues. The Balance
. h- market was light The sales were
ssSs.oop. Governments were neglected
Total sales Of stocks today were 1916. i34
shares. including Chicago Gas TO- 100. Sugar
1920. New ersey Central 1850.