The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-29
MONEY And INVESTMENTS.
Oolngs Of a Day With Nall Stree,
Operators.
FOREIGN EXCHANGE UNCHANGED.
s'ooks and Bands Generally Showed
Gains at tbs Close of The
Market

New York, December cs-(special.)-rh
Nockneys selling stocks on their own
market sent our market down at the
opening. Our list also declined there.
me continent. too. was a seller. The
bond sale and the fact that onl, par, OF
me gold engaged for export would 20
OUT sent the market up at the close
Trading, however. was dull. Bank sur
plus reserves decreased 81, 1Iel25
Foreign exchange was quiet and un-
changed; silver and Mexicans virtually
| unchanged.
Cotton was dun and teatureiess The
shorts covering and the bulls manipulate
hig for i moment caused a slight rally 4.
The market closed steady.
Tho wool market drags along, Texas
sales were 10000 pounds spring al st..e
~, 1000 pounds secured at gslt35; Sc 900
| pounds were sold.
There was no change In cotton seed
OH prime crude sold at 2ils; prime yellow
on dock at Is; prime yellow auotod at Is
ds"s' off grade yellow aaJg7A
40 change In dry hides: Galveston ~.
ItAas selected dry sailed 10.
kite charge IN leather; Texas nak
sole quiet but firmly held at 4.2in42S.
| NEW YORK STOCKS.
| New York. December 2S.-Tradlns on
the stock exchange today was restri,te /
| owing TO an indispos,tion to make over
lures pending the receipts Of definite news
! IRON Washington regarding the expected
BOND issue and the vote of the house on
the bill before 1t provided Tor financial
relief. In the early dealings, prices r.. =
/
securities cabled from London and OIL,
selling for that account In this market.
me declines were important In on.y one
or TWO instances and Il nrmer tono soon
developed on buying for both accounts.
causing sharp improvements, especially
in leather preferred, sugar md Mamma, =
| IAN. 4 lie CioSlnS was strong at top ng-
| uits aliA Win seHe.al SUBSTANTIAL gains.
Inc snort sharp paI,c OF IJceoiuue.. i,.ia,
! from Mhcn We are happily ra,ld.y Ie-
( Gov ei1ns, carries Win II u lesson which
sncuiu NOT tie oNerlcuked. IL recalls he
cardinal tact that the American People
! are more ncaViy inueoted tadn any other
| h'.iiQi1 10 Foreign investors Tor capital us ~
IN tHe ueNc'1pmSnt Of tneir resuurD IS.
| i ms foreign indebtedness l. ALWAYS a
source OF Hanger AS not CITY the interest
! upon II Is drawn from Us at Intervals, but
the principal can be- instantly realize
! BY safes OF securities on the New lotk
STOCK exchange. On The other hand, re-
AiAFl'At alSp tSlaDiksiltS the SlftnEth OIL
ne United states. After the closs of our
| civil war this country was IN poor I'M
ahcial credit abroad, as the Leading cap
itaAsts believed II would require i'm IN
| tcfVal OF at least Il generation or two
be tore the country could recover from the
| struggle. TO their profound surprise re-
| ~ peraton began Immediately. for W tn
| the exception Of cotton and sugar inter
tsls the iniustrals la been stlmular d
rather than depressed during the fonr
years of strife. By 1870 the steady reduc-
] a lr
gressed that IL codld I've refunded a st q (.
lily declining rates OF interest. on January
/ !. 1879. specie payments were resumed 1'Hs
contrast between 1851. when per cent gold
bonds OF the United Safes sold AZ 3h pei
cent and 1854 when . per cent gold hon
commanded n premium. convinced the
flnanclers OF Europe that the United
States was a country of Infinite resources
norlrgh'- utilized
For home consideration II may be per
tincut al thls tinc also to note that he
tween 1919 and 1881 we imported over
S10o0o,0o| IN gold through the operation
Of a favorable exchange although we Their
had outstanding exactly the same amount
of greonbacks as at the present time. rh'
gloomy temper Of speculation which hac
characterized the close Of the precedina
week was relieved To marked deSre'
by the prompt decision Of the NN'v ort
clearing house committee. who caDlcd Il
Europe that loan certificates would be al
once issued II necessary to prevent FUR
Their financial disaster Foreign investors
forciblN expressed their appreciation o
|
cf American securities IN their own mar
kcts and by cabling hopVv purchasing
orders. The market quickly RESPONDED
and substantial recovcries in the prcei
The don ina ting topic Of Interest has beer
and stu Is the question Of financial relic
TO the treasury by an issue Ct goVernmen
bonds. The problem Is st,ll cpcn, Whil'
1t is understood by well Informed imam
ciCrs that practically every preparation
for an issue of bonds has been made b.
| I ua rbf ~ L ~
bond bill In the house Is expected 10 IN
dcce the president to defer action unit
the senate has defined it's position on IN,
bond issue and preparation for such al
event by bankers ara capitalists caused :
small ~,emi@m on sdia i abroad fFo'
Experts II gold for the week amonnte'
10 about s730o0oo against estimates o
slN 600 600 to 81. 000 GO. Early In the weel
ii was reported that wou'd,be shinpers o
gold were hiniered by the scarcity of leEa
notes Of large denominations, but ther
was no satisfactory exp lnation of m
non-shipmcnt OF three -fourths of the gol,
ordered for export by ioday's steamers;
The revived unfavorable criticism OF m
financial condition n the Baltimore an,
Ohio was responsible for 2 net breol
from the highest price OF liz per cent
J The ruuors were specifically denied b.
| sn official OF the company.
az s, Ci' exchsnec Gales. which had beel
SHARPLY advanced early declined on IN
expected issue Of government bonds IN
: buying movement cullhlHdltI " inui :
daI advances having meanwhile beei
SIRED over FRIDAYS closing Of 1874 pc
cont in Consolidated Gas, Pullman u
sugar 10is Iackawanna me and Eocl
Island 10 nor cent Final prices. nlthousl
, shaving liberal concessions from the h'eh
est of The week reveal material net eItn
extending to 1919 per cont IN consoli ~ It, :.
GINS. The aggregate sales were l''S'''
Today's railway bond market was n
,aet,Iar hut closed fairly firm sales. f2.
COO The dealings for the week were t marx
ID hv a rebound in the speculative Issue
! fro,n The .eVere decline from the nre
vie1,s weeks closing hgures the lea
active bonds failed to sy,ngTt. ~ ,r r
IN many instances, The dealings foote
up ,igO.
NEW YORK FINANCES.