The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-22
ALL STOCKS DECLINE,
EVERYTHING A;oNNECrED WIN
CUBAN QUESTION MERE THEORY.
Great snow storm In the, West
Affected some shares.

i New York, February 81 Today's heavy de-
sclitte in the stoek market MAS made withou,
| am new Developments In the situation, which
wns rather TO be attributed TO a combination
oi impressions which have been The UNDER
! lyipe force IN speculation for a work or
7 nrrc.
| Tcdaya market demonstrated Tor ono thing
tbat last weeks declines would have been
| much henvirr on deyelopnents IN IND cuban
lexaii.ination had IL not been for thc support
iof liuprrful interosts who desired AN opror4
tenity to realizc. The entire absence OF sup
III ,, 'oaas gave color TO the superstition that
those IL this mOrket hud completed their
iquhation and were Indifferent to the course
u Tho market, The motives assigned for
, ,pe seiilng mad lees apparent basis in fact
ma, were FURNISHED by the events OF last
Wee. SO FAR az they turned on the cuban
lMnSt'oit tncy dealt with speculations OH pos
sipie iulurc events. each on alb
htinsc points of International law without
any convincing authority TO back them.
Apprchensions growing out of the rate war
10. ~ hanssengcr business between the Canadian
q more substantial basis though n soothing
SUGGESTION was offered that the profits and
alv'uerd DIS were not largely dependent upon
passenger business anyhow There seemed
TO be no realizing SENSE that this suggestion
WIS Inconsistent with the large advances
which had been Forced In the price of seeurt-
It's on hopes of klondike, traffic.
The great snow storm In the West was
alao y FACTOR OF real Importance both by
reason OIL the interruption to railroad traffi,.
ana the possible damage to crops. Whatever
tho real motive il was beyond dispute that
tnerc were large offerings for securities for
WINCH there was no adequate demand ana
selling orders To stop losses were uncovered
on the descending scale. The declines We're
50 great that the rrices looked attractive AZ
beaiiF news was reached In many cases
a'l1 buying thus invited stoaded prices ana
worked some notable recoveries. This process
WAS repeated several times during the day
ani the market closed with one of tho rail-
ilcs IN tui force. thus leaving the net de-
ciiros decidedly smaller than the extreme
do'lines during the day In the eases OF
SusaF and the Metropolitan street railway
this recovery was between and !, points
The local and Industrial specialtics were tho
seNtres' sufferers by the early decline. and
IN Gfangcrs were also notably affected By
reason of the storm. Manhattan was one
OF the chief sufferers. aud after fall Of
49s rallied ~. Metropolitan street railway
was : points OFF Mt the lowest
feature of the day was the marking up
OF Gull loans TO ~ per cent The local lnar-
kct PAID no attention to the iirmer
tone of foreign markets OF the war
ness from West Africa. London was a
buyer on balance in the New York market
today
The course Of the bond market was strictly
IN accordance with stocks in both declines
ana rallies The loss at one time was from
% per cent In many leading bonds,
rho total sales were si,i0O,00O.
BY private wire to CargIl & Richardson.