The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-04
MONEY And INVESTMENTS.
Doings cf Day with Wall Street
Operators,
THE BULLS CAPTURED THE MARKET
stocks Went Up. the Vnnderbit
Properties Taking the Lead.
Gains Made I'm All Groups.

New York, March 3.--The volume OF
dealings on the stock exchange today
showed total Of over 10000 shares. which
IL almost double the daily average for
many weeks past. The grangeis and the
high priced Investment stocks, especially
the Vanderbilt properties. ed In the mum.
Der OF shares deal, IN, and tho h 9Th priced
stocks showed the widest variations In
the quoted prices. The Industrial STOCKS
occupied a secondary position in the trad
ing. the number OF shares sold OF the
usual leaders OF tho snarket being icss
than that of Burlington. The prccs Of III
dustrial shares lacked the buoyancy mani
tested IN the railroad list. though they
were ultimately carried upward by The
dominating tendency OF the market.
There was no mistaking the determined
bull.sh tendency OF the trading all day.
though an ineffective effort was made 10
seal the narket down at the opening. Inc
sa .es were asslted by some arO-trage or
ders from London to sell, but rr.ces soon
took an upward turn. a bombing trans
aCtion Of such MAGNITUDE and 80 advan-
tageousiy concluded as that OF Lake shore
announced yeeterday-S-DVW,Nu lp yeiR
bonds at 3i2 per cent-was bound to have
a marked effect on the values OF all prop
"rtes allied to II. In the case ol interests
30 vast as those of tho Nanderb.lts. such
an niiuence would permeate all classes OF
securities and dcosivcly tniiuence the
whole market. Such was the case today.
Lake Shore Itself was comparatively neg
lectcd. owing to the fact that yesterday
i.'"c hnh ueen practically discounted in
the dealings of the other recognized Van
dvrhilt properties. The advance in New
YORK Central was most marked. Ii was
pointed out as parallel 10 the refund lg
81 i.dkc shore : bonded debt That New
York Central had outstanding about w.
W thin seven years and which bears in, or
cst at from to Z pcr cent The refund
ing OF these at 49, per cent Of interest
wuiiid. o, course eject marked saving
In interest charges. The impetus gwen
to ~ \andernld stocks advanced New
york Central 29s. Canada southern Ia.
Lake Shore u and New YORK and 81,
lpHS seconds preferred per cont The
dctnala Tor railroad stocks thus stimu-
,oted showed plainly IN the pr.ces Of the
when were bid up without securing any
feSplne" IN offerings of stock ca caso
ana Alton rose 2, Onra ha preferred 4. Man
u Ipa and st. Paul preferred . II was
the same class-of demand which advanced
Gas 3.
The movement in the gransers showed
reflection from the Vandcrbtls. besides
showing strength from favorable traffic
ouilnoA. ST. Pauls decrease In earnings
Tor the fourth week In February -36le sos
torily explained. as It did no, impede the
advance m the group. though g. Paul L
self Jagged somewhat and fell behind Bur
lington. The advances in the group were:
Omaha ~. Omaha preferred t. North
western 2 burlington ~, Rock Island Il.
lnd st Paul u.
The advance became most markell In
the last hour and haFf Of trading and in
hat time carried up the industrals. wh'ch
hal hec1 victims OF dopr,ss on in the
rHrly drlhngs, Sugar ~ ng u, from the
low point, Leather preferred l. New Jcr-
9eN Central and Manhattan also which
were hammered at the start so as to yield
a POINT each. raloied ~, and . per cent re-
spcctively.
The bond market participated In the
hroyancy which was evident IN tho stock
speculation, and. although the gains wcra
generally less Important they were made
IN considerable confidence. which on
ha1ced an unusually large variety OF is
SITES The prime mortgages continue N
0N'epi ounl 'avor and in "A number Of in
stang new hiEl. records are being estab-
Ishe1, The Ga'ns range from fraction
10 ntr Gems. Sales S2,0lf.0oo.
Total ea'cs of stocks today were 100 1854
shares, Inducing Sugar 24.0Oo. Burlington
q 80. 81. Paul 5000.