The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-16
MONEY AND INVESTMENTS.
Doings Of Day with Wall Street
Operators.
LIQUIDATION IN SUGAR AND GAS.
Bears Also Jumped on the Changers.
Prices Are Lower Generally
Than u Week Ago.

New York, May 15.--Chicago Gas and
Sugar absorbed over one third OF the total
sales of the short session OF tho stock ex-
change today, the dealings being about
equally divided between them.
There was 80 little to encourage selling
In the course of the price for Chicago Gas
that the motive for it must be attributed
TO doubts of value Of the stock being equal
to the price. There were, in fact. evidences
OF heavy liquidation In that stock. based
on apprehensions that the consolidation
measures will fail of enactment In the
Illinois legislature, and with 1t the ar
rangemont for division Of territory with
rival company, which was made contingent
upon It's passage. Stop orders were reached
on the way down, bringing large blocks
of stocks on the sagging market.
Sugar also showed weakness. on the
probable efteot of pending proceedings
against members OF the company for CON
tempt of the senate. but recovered it's
| loss.
The Changers, also were subjected 10
OF the weakness of the wheat market.
| There was little encouragement TO hwy
In the course OF the London market. where
Americans We're largely neglected and the
prices We're weak There was manifest APP
| prehension. also as 10 what phase the Gu
ban question may have taken on hy the
time trading is resumed Monday, The I'M
| preston prevailed In the street that the
intentions of the administration toward
Cuba We're In formative State, with the
possibility of taking on aggressive tone.
| The anthracite coalers displayed some
hrmness, duo TO covering OF shorts over
Sunday, and only trivial changes occurred
| In their prices.
| The Gould shares also manifested a con-
tinuance of the strength they displayed
yesterday. but II did not outlast the day.
and their prices declined In the latter deal
| ings, involving them in net losses.
There was general covering movement
at the close Of the session. which rallied
prices slightly nearly through the list, from
| l-Sc 10 i2c from the lowest, the latter III
Chicago Gas. Some OF the eXtreme de.
clines We're Chicago Gas, 5S, Burling
ton. S-S Northwestern, 1; ST. Paul, Is;
Rock Island. / omaha, rs
| Prices generally OF securities are quite
substantially lower than they were week
ago. But there have not been lacking en-
couraging features in the weeks trading.
| The subsistence of the fears engeudered 10y
| the war between Turkey and Greece led
to quite a revival Of the foreign markets
fer securities. although Americans were
given less attention than other securities,
| their prices In London did improve, and
| there We're 4 good many thousand shares
bought In the New York market for the
foreign account.
Commission brokers are inclined TO lay
great stress upon the dealings but are
/ IN 10 interest
by the outside public In the market aud
the stock exchange is engaged very on
ergetic efforts TO scamp out bucket Stops
| hy legal proceedings. Whether an undue
Importance Is attached to this kind of COM
petition rs tho cause OF the rrcva ling
du!lnoGs of trading is open to question.
But that extreme dizziness characterized
the weeks dealings, even OH days when
values wero advancing, IL is certain. The
lack of interest in the market was. OF
course, n prime cause OF the check to the
advance in prices. That the balance of
international merchandise credits was ma.
terially affected by tho heavy import
movement is shown by the April trade
statement, which reports an excess Of i'm
ports OF merchandise over exports Of s25,-
i2S134 London's very considerable pur-
chase of securities here during the week
have also eNerted manifest influence oil
the exchange situation. There is there
fore nothing apparent in the situation to
call for further extensive gold shipments
on account OF legitimate trade influences
The market depression duo to gold ex-
ports YVES acoortuated by the recrudescelce
Of the Cuban scare on Thursday and the
proceedings against the anthracite coal
presidents under the New York antitrust
laws As IA result net declines on the week
are very general throughout the list The
early strength In the market resulted In
gains OF over a point in the Changers Cot
ton Oil preferred Chicago Gas. Tobacco
Tobacco scrip, Louisville and Nashville and
Leather preferred. fractional gains being
made Subsequent declines established ret
Iosses In all these extending 10 2& in chi
cago Gas. ~ in Burlington, iii Rock la
land and fractions in the others, except
Tobacco scrip which maintlned Its gain.
There were net losses In Consolidated Gas
of S-s: New Jersey Central, . rs; Della
ware and Hudson. I 3-S. aud Tennessee
Coal ] SIS. Fractional net gains were
retained after an extreme rise in Union
Pacific Ia and Western Union. is,
Tho bond market was fairly good. with
purchases for foreign account quite n sub
stantial influence. The dealings included a
large number Of Issues, but the variations !
in the speculative liens were trivial
Total sales OF stocks today. II $40, in |
Guiding. sugar $4,000; Chicago Gas. H. |
900; st. Paul, 600
BONDS.
Chasing or o atiOns on bond, Mt Now York To-Day
were AS ioiows'