The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-24
MONEY And INVESTMENTS.
Doinqs Of a Day with Wall Street
Operators.
THE BEARS WERE IN FULL. CONTROL
Everything on the Liat Was More or
Lcas DeprcsscL-Bond Losses
Were Mainly Fractional.

New York. March 23,--The bears were
rampant today and were In absolute con-
| troi Of the market. Everything on the
list was more or less depressed. aid eev-
| eral OF the stocks which wore more or less
| cnectlve IN sustaining the market in the
lace or the several efforts made last week
hv the bears TO ra d 81 were foremost to-
day in yielding 10 The pressure on the
market The decisive influence In effect
ins the declinc was the apprehension ex-
cited BY the deSc-rsion OF the supreme
court at Washington yesterday holding
that the TransinfSsouri Freight asSocia-
ton was ilegdl under the terms OF tho
sherman antitrust law. There Is doubt
whether under this decision any agree
snent hs,wecn railroads for division OF
traffic and maintenance OF rates Wal be
held lawful. There arc many properties
listed that haNA beer sufferers from iudis-
er'm.nate tuIting and compti. ton NoT
tosAlesss- The anthac-ie coal group is a
notable example and the sharNsioldtrs
bass ihelr hopes Of improvement: IN the
value OF the properties Nn She rcstriciion
OF competition by agreement. The onto
soft coal roads have also been Victims OF
ui-rt ~ oinsSl corlpeiit Oh ~ a DECREE that
has brought sbou: a number 81 receiver
ShiI~- ITainc agreements ar, "a fact,
4e-- 40 * a Nrts .mgoria.A cement in
III prNNe T-crlty OF ali railway properties
The .ndUstr0l stocks q 81 NOT escape the.
circci o. yesterdays de,%s on. for is af-
~ NATION by lafcrencc OF the NaLuity OF
the sherman law Is fe5t 10 SouUrn an
effective instrument ssainst some " the
confalna taou> ~ capital. As 4 consequence
!is-!e Was no support scccrJe4 The mar
ke;. Ccntrary 10 resent conditions, bust
MESS Nss all done on q downward course
60 -sriSv.>. and WIrn prices stead e1 ICr An
interval while owners withheld ;he
prcpcrt5 Ter a riss, BUSINESS immediately
sank into S-aSnauon TINS weak condl-
Doa NJ the inArko, aSEraVAts>l the ctIec.
ca sge~.al depressing CAUSES, such A. the
con;iuu~i si,ssl'r n New Jersey Central.
stock ana there seemed % ~ an er1cre
hack o supper; Il - There wsS rnucn
Ions stock thrown o. the market ard
sop orders were received On the decl ne.
Thr extreme taN 81 the :! ock was u. VITA
81 subSeaucn. rS,oVery q ! The coaleir
weE'v 10. Affected mora hen The general
-. R,o iluE common ana trst sAd s..c-
ca4 preferred ssAce lost.G : A.sd Delaware
and Hudson =.
The only favo-abie ce-.ure IN The ,7ar-
SO; vas she iacrN,Ass-4 s,reasth % fore IN
markets Tho Internal tauA4 s.olks We.E.
.u consequence, 5tas$ depressed ths.u me
ANe-aSe aecl-nc. Chicago GSs seemed an
* ,ep,-oa 70 IN. GoNn~tri course for
? aac ~ lAte- iech1e' ~. IRE N2ntsi-
,'.lt s;Ocks wiich have shown eN,sp,. on
al strength .or sorsa trne past, showed
nv effect q cateos.Ye prant taking -
20 AIS ~ New York Ceutf0l ari ORG h0
Eae 9e,lres = tle e0oap were. omaha
-. New York Central -, skra4a Soutn-
en- r. R.e fou: "a llnros Cen;Ta! !.
sur ns-ou a. IN she det,.ne IN the
sr%ase7~ WIN = t".l Of =, ko,k .slsnd
-, -, 49, : HaGl "a. Mlahattan was
-pAo,1-ns iee :apA trans; lAw an1 .ea
. .e,.s trc- tht f-Ac,eon. Sugar YIELD
IS -. tre -iafAvcranie l1,cr7rt-1- IN ot
- @lAree s7'-', as natl shed 10, ior ny
! a4c0 showed cN-vptiera! -esisiaace -
lnr AownWari te0den 81 ga. market