The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-03-28
STILL LED BY PROFESSIONALS.

day Of the resumption Of trading. aad Tor
thls reason alone the rate Is likely ~ ne
run M somewhat In placing loans at s9sn
a time as the forces Of the depletion Of the
bnnk reserves at work and small surpiuo
on hand have kept the traders in dread ail
week that there would be furry in money
on Thursday and had repreSsiyc influence.
The varying phases of the negotiations Tor
settlement between fhe anthracite MN
ers and operators have hecn followed with
attention and have had 4 greater influence
on the market at large than WAS Indicated
W. the movement OF the stocks Of the an
thracite carriers themselves Confident as
surnnces have been expressed In Wall street
thnt there would he no strike, but the
strong opinion 10 the contrary eNpreSserl
from the miners had some ultimate euect
on sentiment The Developments OF q
strike az Lowell among the textile worN,
erS ana demands for Increase OF wages
among New England shoe operatives nave
helped to keep attention on the labor ques-
ton. The beginning ~ additional suits IN
state courts against the Northern Segurl'
lies company has kept alive the appreneu'
sion surrounding that Important problem
ana the testimony given In lawsuit Nv
the principals In the Great Northwestern
railroad contest has not bad rcaSsuflng
effect MS TO the actual results achieved by
mat combination or the present relations
which are the outcome The activity OF
the Interstate commerce commission IN Sc
curing injunctons against rebates and rate
cutting by railroads and the announcer IN
tentton to investigate tho subject further
nave awakened fears that this course may
he hampering Influence upon railroad poll
clos. The announcement of the United
states steel bond conversion nHn has been
awaited from day 10 day aud has been the
subject 81 s-me nerplc1ity aud mixed son
timent. Reports from the iron trade that
there has been seme rcselling at high prices
OF material that was urgently bought on
contract point to the apprehension that
there may he undue urgency Ia the recent
huying In he iron market NOT warranted
by the assurance ~ ful production. Ju-
dlcial proceedings against some Of the I'M
anciAl readinstment projects recently un-
deriaken ny large corporations and the dis
pnte over methods NJ accounting in the
case Of the Evansville and Terre Haute
have had a dlsquicting eject on sentiment
There has been some influence eSerted by
Of the winter wheat States, which Is r re
mlnder Of rho senSitiyeness N that market
The resources Of the money market to meet
the requirements NJ an interior currency de.
mand the collection ~ government sur
plus revenues and foreign demand for re-
payment Of obligations is sHll an open
question Stll further gold exports are IN
dlcated ny thr weeks rise In foreign eX
change. A number NJ special stocks have
moved widely and feveriShiv during thr
week. hut not IS reflex Of any genera
condition or With any marked influence on
the general market.
The principal activity NJ the bond market
has heen issues Of q speculative grade. IN
which the movement has hecn irregular
United States bonds were al unchanged as
compared with the closing call of las
week