The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-13
TRANSACTIONS LARGE.
rRiNC1PAL INTEREST cnxrEREu
IN UNION PACIFIC.
American Securities IN London and
ON the Coutincnt Arc IN demand.
sugar was weak-Nctcs.

New York. January ls.--Today's market FOR
securities was much OF the same tone as
yesterday. the principal interest centoring In
Union Pacific and a number OF its affiliated
companies and In Northern Pacific. which
were the leading factors OF strength. while
on the other hand Sugar continued under =
weight OF depression, as was tho case yes
teyday A new quarter OF special strength
Was Chesapeake and Ohio, which advanced .
point on heavy buying.
Tho transactions we're on a very large scale
and the heavy dealings Of large operators,
backed by the powerful interests. were inani-
fest all through the market. These LARGO
operations attracted considerable following
both smons the smaller traders s. and srSn
was, in fact. quite noticeable In the days
tfading 1t was obvious. however, that the
ssriiains on large scale sea WAS so;nE on Y
the strength IN other parts. stalking ex-
ample OF this process was seen In the North.
ern Pacific stocks. the. common being ad-
vanccd over point while realizing IN the
preferred carried Il before the close below
last nights last sale. The Changers, outside
OF st. Paul were also TO be seen to reflect
a supply OF. stock fully equal TO the demand.
The anthracite coalcrs were weak and con.
tinued the decline, but tho Ohio soft coal
roads maintained their recent show OF
strength. Union Pacific rose at ono tinic
over points, but recent buyers commenced
to take profits as soon as report was pup.
lished that the new companies had secured
control OF the organization OF the short line.
The stock reacted over "A point. Tho recent
strength Of the stocks of the disinterosted
portions Of the old Union Pacific system Is
fully explained by ,oday's announcement.
This buying was evidently founded on q be-
lief In far reaching plans OF the combine,
mn extension which, according to prevalent
rumors. will embrace one vast system from
tho Atlantic to the Pncific Much was made
In the market ON n reported bond issue by
the Chesapeake and Ohio though the benefits
to nccrua seem to he somewhat exaggerated
considering the amount of transactions.
Adviccs from the London and the continent
showed the tone OF American securities IN
the foreign financial markets 10 be excellent
London bought no less than 1000 shares OF
tho favorite International stocks aud the
marked strength OF Union Pacific, Rtn Grandc
preferred aud Northern Hacific preferred WAS
directly attributable 20 this demand.
The weakness in Sugar seemed 10 be con-
netted with the annual meeting OF the ul-
rortors in Pittsburg though no news regard
ing the company reached tho public,
Money declined 10 yield today below y. per
cent but the tone of the market reelected the
prevalent feeling that rates VIII Yield IN tho
near future Large amounts OF money also
found their way into Investment and spccuiar
tion today The available possibility OF re-
lief to tho money market was Indicated ny
the fall of half a cent in posted rates OF
Sterling exchange and the decline of NC IN
actual sales, the decline not being prevented
by the expected arrival tomorrow Mt san
Francisco Of another 81 100000 in gold from
Australia.
Total sales of bonds. Si.I75. 600
The range OF prices the active stocks To-
day compared with tho closing prices OF yes
terday. AS reported for The Post by b, w.
Hunter & Co. is Ms follows'