The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-26
MONEY And INVESTMENTS.
Doings Of a Day With Wall Street
Operators.
MOvEMEN? IN SILVER CERTIFICATES.
Dealinga Almost Entirely Professionul.
Review of tho Market for tho Past
Wseh-Total Sales Yesterday.

New York July a5.--The stock ma ,l,,.
today was of the usual h,If ,,,,hn,, =,
| ,nans,.>,s ,.,..,, a.. III. ''''i""s u
vs." WIG '""'c"u stocks sur
| passing the indus,rials as sroup A.,
| extent of trading. Cont,,,rv "a ,t, ,,ro.
| rsa.n, a., ~. ,,,a,,,.,, ''' 's
| " N''e '''"' Ne' 'VVe"ly Inc local
dealers disregarded the fact OF owcr
prices In London for American soe,,r,,,..
.,d ,h. r,,., ,,,.,,,, ~ "' ''es
. wy ."'' eAe"e' STRONG ahd a
| 1--we. The advancing movement took IN
all of the regularly nctn,a Ia, ana .,t,.
of ,iss,o nor ,',y, ,,,,,., -, a'" s"''
a,no,,,,-,. n ' WY sVoieu' Lake shore
| The dealings were a,nos, ar,t.,,,.
-, e"'"es Ifoivs-
| s.u''ai an" INC improvements noted were
chiefly for even!ng-up of shois contra IT'S
On the advance I.ondo, o,,os,., -, -
s,,,r =. ,,, a. 4"
's'''' W ia"'s 'arse extent ana rts,li-
cations and the putting out Of fresh shnrt
nos resulted IN . ro,c,lo,,.,, ,.,...-.
~, ,,o d., asa,,' movement
H' N''e i''ai ueaihes extending 10 "a
per cent in tobacco. \ feature OF the deal.
ings was the movement, IN sYvor ,,,,,
81 g. ~ 0,i oo tue y" S.'tes OF aVV'. Inc
hnnt,r t., a., a. 'es. y ne ,iarN,A elos' q
nv. .,,,., q" ,,oatnn s',,s ssnTralN.
,m' aus weAknoss IN prices that have
ne, tNluei', curing me preceding week
.i'eia.Nhs' oaseu on me hnancial stna-
,,ol' WIS aEal oIspihEen ~ me rrsuiip-
49, - "'',,,'f.,' W. .'''. s'vNh 'NN'-iilht
IN week. fur.her na'eriai conecSsipns
were accorgfisiN noted In which some
,, to.isg y ioW.r isures than had
ose,, leasn.u IN we idtn"us barihs panic
"I IN" more recent Venezuelan message
.Plsoue' me aSsress'Vs tactics OF the
pcirs IN ATTACKING prices ana me ensire
,'ck Oh insiIe support; Induced the nh-
ioau ne OF large blocks OF investment
hoidnss ana oons'dcriple lines OF speeula-
tive stocks were also thrown over. The
RAPIDLY diminishis treasury gold re-,
serve. together with further withdrawal
OF SS,VN"D for export oceastoned renewed
discussion of the probability of an nm
pending new issue OF government bonds.
European dealers and investors eNh!hte
previously purchased. All things con
sdercd, the outlook MAS extremely de-
pressing,
The railway shares were ihe' objective
points of attack. especially the gransers
The contraction of general business or
erations throughout the country ON ac' |
count Of political agitation aud a. harden |
Ing tendency in the time money and com
mercial markets were used effectively by |
the bears, particularly 10 some OF the |
srecial,ies. Leather preferred was Iont |
toward restoration of the treasury gold |
reserve by local hank ne interests helped
10 miar; a more confident tone and
checked tho reactionary movement, We'd
ncsday the market nook Oh positive buoy
nncy on the announcement that foreign
exchange bankers had been summoned by |
j. Y. Morgan 20 renew tHetr famous COM
pact To prevent the ouieo of gold for
number Of weeks to come. further en-
gagement Of 81. oOD, 900 In gold for shipment
had been made PRIOR To this development.
hut the street pss1crully assumed that II
wouI lie .he last contracted FOR until The
of the crop newcomers. would
turn the exchange sitlmtion
Tho aera.l. VI Tho plan to supplement he
act on of New York aud ont flown
banks IN protecting the treasury gold re-
serve iave not as vet transplrcd. 2nt in
H..
Of or dts abroad, invoking short sales
-. 49,. ,s,,,,,,n.;I.tne mn,