The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-31
MONEY AND INVESTMENTS,
po'n0s Of a Day With Wall Street
Operators.
HE MARKET DULL AND SLUGGISH.
Uncertainty About tho Bond Matte,
oaases Little Bnying In Liverpool
and New York.

New York December so-tspeclal,
The supply OF cotton bills was
moderate Net earnings Of the Wa.
bash for November are about sos
wv ahead of last year Wall street says
II is befosged With time uncertainty OF
inc BOND Issue and London is In the same
CONDITION. October going lower on our
stocks and the foreigners selling made
things here heavy and hut little business
was done Call money rose 10 Is per cent.
The syndicate that Is expected 10 take tho
now bond Issue is expected to make hard
terms, and 1t looks as II a left-hanteo
gold premium win result. sixty days
bills, AS: demand, i.Sg;.. Calling In OF
loafs FOR January interest and dividends
sert money rates up. Parties desirous
OF participating in the expected bond isslio
today paid y to SIS premium for assay
| office checks and even more wes Did to
can gold for thirty TO sixty days All
this however. does not represent any un-
oesiness IN regard TO the stability CT tho
finances. Silver, 67Is; Mexican dollars, 90.
The reports from Liverpool and Man
chester before our cotton markets opened
bulls had expected, and our market opened
iirm at an advance throughout the list.
Trading had however. got under way be
FORE special cables from Liverpool ro.
ported weaker tono 10 that market.
This checked the advancing tendency OF
our market and lea to a sharp selling
movement, which caused prices to fall
back before the end OF tho first hour
Rather heavy receipts at the ports and
the continued lack of outside spe cuative
demand initiated against any recovery
during the balance of the forenoon, al
though some of the local bulls worked for
rally. The trading was moderately act
I've at the start, but II became dun as
business progressed. The afternoon mar
kot was more active and stoadler In tone
and the outside pressure too subsidized. Liv-
erpoo was a fair buyer. all of which con-
trihuted to a steadlcr market and gradual
recovery of the early decline from the
advance established at the opening
Cotton on the spot quiet and steady, with
sales VI 7sO halos on the basis OF 81 cents
for midding. Market closed steady
NEW YORK STOCK MARKET.
New York, December 2O--The stock
market today started I'm under the dis
couraging influence of lower prices for
the international stocks in London and
reports of some emba rrassment Incidental
to the fortnlghtly settlement Mt that cen-
ter. Arblrage houses also were sellers
here after the opening, The local trad
ers, however. acting upon the assumed
fact that market for the pending Issue
pf al Of 1, "A
been made prior to the formal pubic an
nouncement OF the terms of such issue,
soon took hold and advanced prices all
alcng the hne. In the upward movement
New York Central and Sugar gained .
/ er cent and tho s.rangers and other
prominent shares also scored substantial
improvements. The rise In Sugar stock
was stimulated by an advance in the
prices of domestic and foreign sugars.
Tho non-appearaace OF definite informa-
ton as TO terms or dute when the issue
of bonds would be made however to-
gtiher Wd.h reports of premiums on gold
and apprehension OF tight money, took
all the snap out of tho market and plug-
gishnesa and Il declining tendency IN
prices chha cterized dealings during tho
remainder of the day. The uncertainty
as to the treasury relief measures restrict
ed activity in practically everything ASIDE
from the money market. Cali funds at
the stock exchange nuctuated between 8
and p per cent on fl considerable volume
OF business. The opening rates were g
per cent and the higher figures continued
until the close OF business, when the low
point was reached. II was rumored after
the. close of business that interests pro-
pairing to avail themselves of the bond
ISSUE had bid Y of ] per cent for gold.
Tho higher rates for money We're eX-
planned as due to the usual shifting OF
Cans and closing of accounts Incidental
10 the disbursements of international
shares With the decline some liquidation
OF stocks was apparent and the bears also
made a show OF activity. The result was
the loss of all the early Improvement, and
IN some instances recesslons ma erlally
below Saturdays closing occurred, no
tably IN Chicago Gas Louisville and
Nashville St Paul Consoldated Gas and
Sugar. In the huol dealings Baltimore
ana OHIO displayed exoeniional strength.
advancing 2is per cent This was attcnd-
ed by reports that various powerful Inter-
ests had pronerod financial assistance to
Inc company. the clcse was dun and un-
Interesting at the lowest of the da. The
market for railway and miscellaneous
bonds ruled lower on dealings aSeregaung
81 gUj 01n