The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-09
MONEY AND INVESTMENTS.
Doinqs Of a Day with Wall Street
Operators
A WEEK BARREN OF INCIDENTS.
Reporting OF the Tariff dill and De-
feat of the Arbitration Treaty
the Principal Features.

| were IN tnlCdEO tids. "hth eAN S''NS
81 Sugar we're added bali OF the total SALTS
were accounted for. The dealings In Chi
cago Gas consisted for the most part in
quite heavy realizing sales, and The price
suffered accordingly although there was
some recuperative power in the stock The
loss amounted to lA and an accompanying
drive at a number OF the specialties con-
stituted pretty heavy drag on the mar
ke,, which WAS well resisted In the case
Of the railways.
New Jersey Central lost lis Sugar also
sold of rs and Western Union = per
cent. The losses were restricted to less
important fractions IN other stocks. The
strength In Omaha suggested that the re-
cent selling OF that stock was probably BY
the shorts, who found themselves COM
pclled TO cover Missouri pacific was not
ably steady. Louisville and Nashville us
ually an active stock. only had one sale
recorded to its credit. which is fair in
dex of tho Saturday dulness OF the mar
ket, outside the few speciaities
a light demand for tho granger shares
developed after the first hour, end this,
coupled with the demand from the shorts,
was sufficient to check the downward
course Of prices. The resulting gains, how
ever. llu not tNlcuh utybui llaCAlcANt anu
the net charges in all C4so5 were quite I'M
important OF outside securities stand
ard OH liquidatins certificates were SOLD
at az an advance OF , points over yesler-
dav London was a snlll sellT in this
market on arbitrage local prices remain
ing fraction above London quotations
for American securities.
Tn. history OF the week as It refers TO
M a -
barren OF incident. The unexpected ro-
porting OF tie tariff bill to tho senate and
the waving OF its consideration by the
fun committee on Tuesday WAS accepted
as 4 hull factor In the tihrket. One or
two securities shn-ci losses on account
Of adverse provisions in the amended bill.
AMI others. notably Sugar. showed notable
strength on account OF advantageous pro-
visions IN the bin, thus sending a ssnpa-
thetic stimulus throughout the market.
Dealings on Tuesday we're auiulnted, and
the general trend o, prices Upward. Re-
ports OF the influential character OF the
opposition to some OF tho provisions Of the
tariff bill caused reaction next day. the
mercurial traders rushing 10 the opposite
conclusion that there would probably be no
tarir bill enacted at all.
Tho bears were very rathotio about the
distressing consequences that were goirs
TO ensue, ana they saw additional danger
to prosperity in the foreshadowei deter.
mination 81 the senate or a sufficient mi
nority OF It, 70 defeat the arbitration
treaty Thinking OF the manner in which
the English owners Of American securities
sold them at the time Of the Venezuelan
war scare. the bears thought 1t MISE to
anticipate the action which London hold
CTS would probably take next day, and sold
stocks but London aid not sacrifice, aud
has paid little attention to American se-
culiiies all week. except some light ar
mirage.
Tho price OF Sugar which touched us
or the announcement Of the senate COM
mites sugar schedule. reacted next day
cn the reports OF the opposition to that
schedule aud has since shown some evil
dcnce Of restraint, attributed TO polite
purpose TO prevent too obvious response
IN tho prices to the benefit to accrue from
legislation.
Tho formal offer OF Intervention by th-
powers in the Gracco Turkish war has been
accepted in Wall street as a beneficial fac
Tor in the outiook. The relesution OF the
dispute 10 the powers is Viewed with no
apparent mlssivngs even III tho face of
their haltiug agreement in regard to Ar
mcnia, Crete aud even tho early stages
OF the present quarrel
Tho subsistence of The war scare has left
wheat comparatively strong, The factors
IN the market have, therefore, been favor
able III many respects
The heaviest drag on the market dur
ing tho week has been The heaviness of
tho 50 called Gould stocks, Missouri Pa
cifc touched 10, the lowest price Oh
record, and Western mon ~ 3-S
The recent ecceuricities of the eN-
change and the gold exports continue u
puzzle The sales of the balances against
this weeks shipments. which aggregated
s. 500 900. were made at a price OF S].S''t
or under which is considerably below
where any profit can be made in the
transactions, Saturdays shipments came
as n total surprise and opinions differ
widely as TO whether further shipments
will be made next week. The outgoing gold
movement had n deterrent effect ON the
| advance in prices. nut the effect Is largely
sentimental and no serious apprchcnsions
sre felt for the nations supply Of gold or
the eject on its currency.
Some of the notable advances In value
during the week were: Brooklyn Union
Gas els, Consolidated Gas 4, Sugar and
| Lake shore 3ls. New Jersey Central and
| Chicago Gas rs. Northern Pacific pre-
fcrred. American Spirits preferred and
| Delaware ami Hudson 2is Cotton OH pre-
forrcd az. Tobacco pa Burlington S-S
and St Paul l rs. In many of these
| cases these figures show the net also, or
| within n small fraction OF It. The not
| gain In Sugar was Q Tobacco ia. Chicago
| Gas rs. Delaware and Hudson y, New
Jerscy Central l as and Spirits prcNerred
| ! rs.
! The extreme decline In Missouri Pacific
| was ~. net loss ga. Manhattan lost as
and tho net loss was ! as, while Western
! Union lost . b-S from the highest. but
| showed a net loss of only y.
| The bond trading during the week lacked
| general feature among the leading mort
| gPges which. however. displayed "A marked
undcrtone OF strength. Among the usually
| neglected issues somc noteworthy varia
| tons either way occurred, with Missouri
| Pacific bs making an extreme break of "a
with recovery OF 2ia; 81, Paul consols
| sinking fond IS. OIL the other hand. moving
| I'm 10 per cent business was very quiet,
but the speculation showed quite broad
| ep!rg tendency.
New York MAY S-The total sales OF