The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-11
MONEY AND INVESTMENTS.
Doinqs Of q Day With Wall Street
Operators.
SUGAR WAS THE LEADING FEATURE.
Railway Properties Also Came In for a
share Of specuistion--A General
Hcsume Of the Past Week.

New York, October lo.-The stock mar
kct today surpassed the recent Saturday
average in some shares, notably in Sugar.
Sugar led with over $1,000 shares. Or
nearly one-third OF the aggregate trans
actions. The stock was again in the
hands OF manipulators. The market dis
played considerable feverishness and as
usual for some time past reflected chiefly
professional operation. Aside from SUI
gar activity conferred in the railway prop
critics. In the early dealings there was a
show of strength, but auticipations of an
unfavorable bank statement and the
strength of an advance of ! per cent IN
the rate of discount of the Imperial bank
of Germany. was made the text for a
raid upon prices by the bears. Rcaiiza-
ous helped to accelerate tho declining
movement. The actual exhibit OF aver
ages OF the associated banks was more
favorable than forecast and its puhAca-
ton was the turning point in the specu-
lation In the early trading Sugar was
conspicuous for irregularity. lie ad-
Nauced 3-s, reacted about a point and
rallied / "a from the low Level. Manhdt-
tan ana Reading dropped about per cent
each and the first mentioned male only
an indifferent rally. The recovery in the
fina, hour eX,cnded 10 about per cent In
Reading and Burl ngion The closing
railway BOND market cxh biled consid-
cradle weakness with the Reading and
Atch. son issues the cn.cf sufferers.
Sales, $jj5.0n.
Stocks moved irregularly during tho
week on a rather mnaera.e oggregato OF
,raasa tons. The mNemcnt followed
pretty closely the drift OF the London quo
tat ons and foreign Developments were an
important factor in Shaping prices. The
fluctuations III the specialtles attracted
considerable attention IN view al the a.
ius de interests and leading professional
operators Uncertainties regarding the
m notary and general business outlook.
togetner with renewed contraction OF
to- market for discounts neutrali2rl the
eng. IT io~er exchange rates and re
VIVA OF imports OF god TO this country
to Europe and restricted outside in
te. esrs The new orders Tor colo during
the week swelled the aggregate of en-
Ia low began TO S5SoW,0O0 IN round num-
br,s. The recent case in call money gave
pla @ to decided frmness. the extreme
figure touching l. per cent.
time money also worked closer without
api,reciable change In rates and the de-
mani for even choicest mercantile paper
tlattcned out considerably and rates were
advanced slightly. The specIalt a. were
the feature of the speculation with inter
est centcrlng chiefly in Sugar, Manhattan
and Tobacco. Sugar touched los, the low
est point recorded for some time, hut
made a substantial rally to l0l chiefly on
covering of shorts. Tobacco. on the oticr
ga ned is - 60 Is. Manhattan was er-
ra e. on VIDE movement and Urge
volume Of business. One OF the most inn
portant developments OF the week was the
acquisition of the Seaboard and Roanoke
which controls the Seaboard Air line by
conservative interests.
rhc general market shows net CON
cessons of from 10 per cent, with the
grangers moro prominent.
/ Inc bond morke during tho week was
dull, leading stocks showing net decline
/ OF TO per cent.