The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-22
MONEY AND INVESTMENTS.
Doings Of q Day With Wall Street
Operators.
A FAIRLY GOOD BUSINESS DONE
Relief Prevalent That Bank Of England
WIN Advance Rates Of Discount to
Prevent aoid Expectations.

| New York October 2l-The stock mar
Net today displayed tGrcgularity on fair
| ~ large aggregate OF dealings. The bust
ness, as was the case yesterday, was welt
distrlb itcd. with the railways command
| ing their full share OF interest. The course
of the wheat market cxcrted important,
influence on ihe share speculation. and a
ieactiongy tendency in the first men.
| toned together with uttnness In In, ok.
| chai &c inark'at and belief That the Bank
OF England rate would be advanced to-
| morrow, cause reeossions after the carly
| strength The latter conclusion was Iiscd
upon an advance today IN the open dis
| count rate IN London 10 ga per cent, ~
| We tradition of the bank Is to hold its
| minimum figure higher than the street
| rate, The present figure is ncr cent and
| II Was Nariousy torccastei that an adj
nance would he made to 5iafil per cent.
lhc obvious Inference of tho traders In
| stocks WAS that such a stop would set our-
| " impeio the inflow of gold TO this coun-
| The initial prices were matuly a frnc-
| ton above yesterdays close. and under
| heavy buying for both accounts prices
| rose all around Higher London prices
| Gag famine Ms result of the cNtraordi-
nary movement Of wheat and other sta
| pies STIMULATED the rise. Sugar was cspo-
cially influenced by q rise IN foreign beet
| sugar the third successive advance this
Week The stock iouched MA, making an
]
stances noted We're most rrVcro In the
high priced industrlals. Sugar dropped
?k To l0is, Chicago Gas Ia and Tobacco
-. The last mentioned was adversely
| influenced by liquidation of speculative
holders. The market was duh at the de-
cline and the railway sharcu became less
prominent. the Eranccrs yielding about q
point from the best prices. Toward the
close an enectual attempt 10 cover shor.
Inc of Rcadnp caused an advance OF lie
In that stock. The general market. wh.U
rather crfalic, generally sympathiacd
with the movement The closing was
| steady sc slight net changes.
The bond market Displayed strength
throughout, hut to gains We're unimpor-
tant, @,ias sl,5Hm
shares. including Sugar $1,000 st. Pau
?IeN, Burlington 2oH.
New York. october 2i.-Coffec- Options
opened barely stcady. with prices . potnta
higher TO . points lower, generally weak
unier local prssurc and CLOSED barely
cline. spot RIO ctsv; No. iobbug IA. in
voice ioA m.M quiet. Cortlovu l6fi1; Total
states 23.ei7. Including 2i75o from New
York: New York stock today li7lNN;
United states stock lsLds2' alioat for the
United States G2G,tS2 against 5o3,o66 last
year.
Santos, October 2l.--Concc weak; good
average Santos II 500 rels per 10 kilos, re-
ccipis 32,ntl. stock hiN.nnO
Hamburg. october 2l.--Cofrcc dull, AGs
PIX decline, sales l3,VW.
Rio. October 2l.--'offrc quiet. No. Rio
1l.l5p refs pcr 10 kllos. exchange Sa-lhd .
roceipts 2GWN cleared for the United
States SNO. for Eurot. 1910. stock $4,000
IIaVn, October =, e Office closed steady
AT -, net advance; sales 1900
New Orleans October u -conce-Ordi-
| gary TO low fair laanl5's.
POSTS FINANCiAL CARlrGRAM
New York October n, Tho Evening
| Posts London linInchl cahleeran SAY =.
! Tho markets nuctuatod widely today. All
/ surd rumurs circulNtcd thnt m EIni\ OF
| France was about to send 23.nOlnp francs
| here to Prevent rise in Tho bank rtte
/ IL morrow. THIS was not really believed.
| ily frightel.el. rushed to cover, with the
result that prices showed a general rise.
closing nslr tht best. Americans were
good with business Increasing aud large
options dealings today but Tho market
closed under the best tonight. The qut's-
lions of the hour are the expected rise IN
the bank rate tomorrow ana the prospect
of more gold shipments TO the United
States, Some maintain that the BANK VIII
not raise IN. rate until after the Ancrl-
can elections, so ms to Hre whether The
drain of gold VIII then ceslso. lhe general
opinion, however, faNorS II ~ IN the rate
tomorrow. The continental demand for
gold has ahatcd. hut tho United States is
buying all the bars offered. TIE Paris
10 irsc was better. II IS believed that
more gold Is going from the Bank OF
France 10 the United States. The Berlin
markets were steady.