The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-06-05
MONEY And INVESTMENTS.
Doinas Of Day With Wall Street
Operators. "''
ACTIVITY IN SILVER CERTIFICATES
E1hibiss OF Railroad Earnings the Impor-
tant Feature In the General Market.
Decreases Wore Most Noted.

New York, June IA question that is
agitating many spectators N the stree,
Us the probable continuance of the re-
Gently revived activity and strength or
silver certificates. Predictions Of sharp
advance In the price OF the metal are in.
duised. and the on dealers hopo for a
recurrence OF the movement tina, marked
the year 1870
1t Is reported that considerable de-
inand for white metal has developed In
Europe II IL said the inquiry comes at
the moment chiefly from France and IN A
lesser degree from Spain for coinage pur-
Poses, and that orders have been received
here direct from there, BIDS being from
the London parity
Rev York smelters are said to have
sold their products for three months, AMI
there is. comparatively speaking. only a
light stock OF bullion on hand.
The transaction In silver certificates ON
exchange today amounted to s2a6,eoo AT
g. l-'Wo' as. making the aggregate deal
ing. - week thus far sio5 O0p rs
against 6S is the last previous pr.ccs. in-
e.Gtm,iits of 10000 ounces OF SILVER have
ptcii inaue tnus lar Tor export ON Su ui-
day.
The most important influence upon the
general market today WIS eXcrtod by
tNh.bus OF railroad earnings for the fourth
week and month. The statements wcrr
no, uniform in tenor. as both losscs-and
gains were reported. the decreases being
M most numerous. The showing of tue
missouri Pacific Was the mos, unsatis.
factory. disclosing losses OF $500 Tor the
week and S2l5,ocN for the month, The re
Port encouraged II raid on the stock ny
thc traders. causing a decline Of "a per
cent. with subsequent fractional rally.
The trading In the stock market was on
an unusually large scale as compared
Win recent sales. The Northwestern an
nuai report WAS as favorable as had been
anticipated. The surplus is si,As.iN
against deficit last year of s27s.2aN d.
decided Improvement In the latter prices
OF the railway shares followed the publ
out by n display of huoyancy IN the
anthracite coal shares The CLOSING was
strong. The general railway list moved
In marrow groove, but some of the
special,es were conspicuous for wide
fluctuations. The dealings in SILVER cor
rficates were ON a large scale. ana
further advance OF s-s per cent was
corded on speculative purchases based
upon political forecasts A sharper de-
mand was also noted for foreign account
Reading reacted sharply II the early deal
inrs on sales due to tho official announce
ment OF the certainty OF foreclosure. New
Jersey Central also sold off a poui, cnrly
hut eventually moved up point IN SYM
patty with the latter furry in other coal
ers. New Jersey Central rose SIS and
others of the group gained mnterial frac-
tons.
The speculation was more freely dealt
in, and irregularity in prices. within a
narrow range was noted in the bond mar
few features Of interest Sales 81 eDs.oco
Total sales stocks today. lll.nT3 shares.
Including: silver certificates %, coo; Sugar
1900; Tobacco, l5.loo,
FINANCIAL.
Galveston, Texas, June Ain the local
exchange market. sterling sixties. buying
i.S,. selling 40. New York sight buying
is discount: selling IL premium Amcri-
cnn silver buying, Ia discount, selling at
par
Galveston bank ciearings. $4,000.
New York. June i.-Sterling exchange.
bankers sixties. 4,S 1-2. commercial ak
ties. .S IA: reichmarks. rs Is francs.
bankers sixties. SIG rs, commercial six
ties 5.i7 ID
New orleans. La. June i,-Sterling ex-
change, commercial sixties. iS6 s-if
4-S Ia; francs. commercial sixties 5.l7 ~;
New York sight bankers. l.51 premium,
commercial &c premium
London. June bank rate. per cent;
street rate. rs per cent. silver. 81 Id;
consols. liz 5-l6
EVENING POST CABLEGRAM
New York. June 4--The Evening PoEts
London financial cabl.Rram says: The
stock market was thnly attended, be-
was buoyan, in all branches EXCEPT Amer
leans. Home rails. Kaffirs and West Aus
tralans were booming. Americans have
ht'N SUSlHllPu mere Nv lDt E'NtfHl
strength of other markets. but the close
was duh and under the best ON the cablod
news Of the progress of the silvcritcs in
the United States The Paris boursc
opened firm, but closed weaker. The Ber-
lin market was steady.
NEW YORK MONEY.
New York June A. Money on call easy
at IisaIo per cent: last loan 2. closed .
per cent Prime mercantile paper in5i2
per cent. Sterling exchange heavy WITT
actual business in bankers bills a, +SS'.m
4 SSH for demand and .@is7'2 for sixty
DAYS Posted rates 4.SSMi. $50 and ASIA
seis Commercial bills iSGi2. Mexican
dollars 533. Bar silver IS is silver GER
titirates $4,000 IS Government bond.
frner State bonds inactive. railroad
bonds Irregular.
LONDON cONSOI.S,
London, June 4-Consols. money ll3 !-iG,
consols for the account ll3 1-l5 Bnr
silver II 9-l6d per ounce. Money y per
cent Rate Of discount m open market FOR
short and three months bills 1915 per
cent.
COMMERCIAL BRIEFS,
New York. June i-Clcarings sioi,SH.2i''
'" Cincinnati. June 4-whisky sales q"
| barrels at !, y ,,,,.e ,,,,o,.
leather steady; wood quiet.