The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-06
IN STOCKS.
EuHan wAs sOME pROFfT TAKING
NOTICED ~ vAxDERBILTs.


TranSacttpns unssuasSy Lar9c'
New York. February s.--Todsy's stock mar
het uss lifted 10 q higher iryeI by the con
spicrous strength Of the leading stocks. u
wss noteworthy that the vsndcrhiits, which
rave thn initial Impetus 10 yesterdays adj
vsrcc. showed the effects to-day OF profit taxi
ing. Lake shore losing 2 points and New
York Central small fraction. Michigan Cen
trsi. sAer bounding upward at the opening.
rejected over point, but closed with sub-
stsniIaI gain.
THO far.rcarfiiug account OF the New York
Centred and the Lake Shore and the prospects
OF additipns to tho plan continued TO have .
marked sentimental effect on the whole mar
tet The possibilities IN the way OF reduced
expenditures and stability Of rates for traffic
from the ssnso,laa.ions ere ssnynsssa WIN
Pennsylvania ronspicuousiy affected,
and the long sustained advance IN the stork
Of its subsidiary company, the Pittsbufg,
Ci.ysisnd. cincinna,i and ST. Louis, is point
ed TO an evidence Of closer relations 70 CONT.
Burlington WIS strong on pending increases
fcrred sold at further decline OF points
ana was bid down stll further:
Although business was on a large srsle and
widely distributed. the fluctuations ~ price
were ctccfdnrly marrow, outside 81 spe'isI
GANGS. tho most important of which have been
Indie sted.
The heavy incrcasa Of over sii, in de-
ports Of clearing house banks for the week
marks Tho continued fow OF funds to this
center. and The Withdrawal Of sossrnmept DO
fiDfaffng this movement The expansion ~
nearly 100000 OF loans. though heavy, fails
far short Of absorbing the total Of the In
creased deposits. The activity in Tho clock
market undoubtedly involved a large amount
Of borrowed money. snd y IL probable that
other speculative markets. haze drawn on tnls
center for funds during tine week There iE
also a good supply Of attractive names IN tho
commercial paper market, Under those cir
cumstanccs the decrease IN tho surpIna ~ re-
gsrdcd ~ the stock market ah being simpty
the result Of The failure OF lhe eHNb reserve
70 fcep pare with the rfse IN thc legal re-
The chcnpness Of money has led to the With
holding Of maturing exchange obligations
wheto exchanged for long bills, thus keeping
ur rates ~ exchange.
Il Tho stock markets. unusual activity this
week has brpn characterized by remarkable
strength 10 spots. There have been some lew
oieineh's u strength on each day to snstain
tho market. although very heavy realizing
WIS III prcrrcsE 10 stocks that have been fore
most IN the recent adsannr. At different |
times during the week the market has 1eeu |
ui@lct the Influences ef aggressive strength |
IN Chcsapenkn and Ohio. baltimore and ONO |
ano othrr less conspicuous stocks. advances |
have occurred IN some OF the bigh-prfced, |
alofeiy held Investment stocks. notably Treat
Northern Preferred which advanced an ga
IRENE q points. btjt reacted points
The weeks heavy profit taking sales have |
hccn well absorbed. and the outside partlel-
patton In the uiarHct has grown. Many stocks
hsyu been at times below last weeks sloalng |
1osei, and some prominent stocks end beios
bot the general level Of tho market Is higher.
principally result OF the markets OF yus-
terday aud today. Gains generally run between
and points, with exceptions IN some stocks
up 10 per cent
Tho bond market has continued to shDy In. |
phontmenal activity and strength which Il did |
In january. Tho total par value OF sales In
january was nearly a2Ge.0ie. The tntal waa
never exceeded on the exchange except Ia ,ir-
tober. 1886. when the sales eSterded slDi 900
%, IN view o. The present Importance nj.
tacbed to the New York centtaI-Iakc Shore
the prrstous period OF greatest ACTIVITY Tms
g. the time Of the West Shorc settlement
Kansas Pacific cooscls showed an extreme adj
vance for tho week OF i2s points, and other
Kansas Pacific and Union faeihc Issues show
ed large advances, Prices all around arc
markedly higher Total salcs today, Sis.,av.-
Closing quotations on bonds at New Yors
today:
+ I. ,. msw a, reg i2sslM.g. I. eas o.
y y, :. .s, res llJas, Central Isis -.
y. = "a S. e"ap. ~ ~ nc iissT 10. i0i
=. e "a fsr.. ,lI4 - ~ Vi. con. 81 oil"
Y; :. =. cup 1855 ia srsl. is lia,
Asesissa L., III Ia FAC i; s. iss
I. ns- sa,9 oos DiSn D. rsS g. . ,s,s ~
4 4. : Z {, /, :, 80, q syssash - % iooa
M a's. sof esei. q ii So,
by private wire to carglli q Richardson;
--~CiOsed ---
Am. sugar, ls7;s 1854 iaIM 1905 iaSs
Am. Tobacco Il. SaA aoIs SalS sais 81
A !. ~, i9,. iaa ~. ls.
People,t Gas, ash ss7s asl. ssl. e77s
General Electric sT,g ssas a7%. ssS. ,7i.
Jersey \, Central ss,s a5,s esas aea, s5&