The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-29
MONEY AND INVESTMENTS,
Doings Of a Day With Wall Street
Operators.
A SAGGING TENDENCY OF PRICES,
Markat was Feverish - Sugar Led the
Active stocks - Trading In Bouds
Dull London Was . Seller

New York. July cs-The stock market
was tn some respects today as Monday
On point OF Its professional character and
the saggmS tendency OF prices. The VOL
tnSe OF business. however, wa, fairly ac-
tive, Judging by the recent standard, bu,
the Increased declines were not due to
| commission orders. London was a fairly
large seller Throughout, The distribution
of the trading WAS better, Th,, usual at :
tent'On was paid TO some of tho usually
reSleceed shares. In every instance nj
the expense of values. The opening was
easy in response tn lower London prices
for the international stocks and selling
for that account in this market. especial
" IN a. st. Faa , end Louisville and Nash
y per cent. with Leather preferred ex-
ceptioIaily dropping rs TO iis.. Manha,-
tan TAR, at the NV point attracted some coy
AFTER the first fifteen minutes the market
became apaihotc. The radical cuts in
railway, rates in the South and West and
the lack OF commission business at the
declines created an unfavorablc impress
: on. which was mt relieved later IN the
dny by the ann99reement tha,. the prin-
been enjcined from continuing the
Slaughter of rates, The market continued
,ssverash the greater par, of the day and
clnes from Mondays final figures ex-
tending to az in Consolidated Gas. Sugar
e. Md n IRE acu ~, stocks with a loss Of 2Ss and
fortant declines ranged from IA. to q.
In the, active list: Trading IN bonds was
rnl In. m rnn w,ak r s,sS prevailed
Total sales of stocks today, 90 sl
shares. including Sugar 52,1oo; Burlington
l6,a0: St Paul Ssioo.
EVENING POSTS CABLEGRAM.
New York. July 2S.--The Evening Posts
London financial cablegram says:
The stock markets were fiat today.
closing al the lowest. The weakness OF
the position her appears to have been
America. 1t Is true there are Mg differ
ences on Americans 10 face and the alb
sefce of bear operations also give an Gle
mont of Weakness bu, nothing serious
is really apprehcndcd here. Americans
We're flat closing n, the lowest. but al
such action is regarded az most artificial
and temporary. Bar gold is IN strong de-
mand here for the continent. As lHecent-
ly cabled. have reason to believe that
considerable sums win soon go from
here to Russia and that the decline from
the moment Paris is n, present the center
of weakness. The Berlin market was flat.
FINANCIAL.
Galveston. Texas. July 2s--ln the local
exchange market, sterling sixties. buying
ASS, selling 400; New York sight buying
l-sc discount. settling l-ic premium Amer
lean silver. buying Lie discount selling
al par. III
Galveston bank cicarinrs. s57s,lCo.
New York July 2S-Stcri.ng exchange.
bankers sxi.eS, S4s7 i-?d4.S' "a: CONNER
cial s4.S7 10. reichmarks. D, S-l6; francs,
ba nlsers' sixties. s5.I6 1-SI5.lb "a: CONNER |
cia sixties. Si7 10.
New Orleans, La. July S.-Sterllng ex-
change. commercial sixties, Si,S6 S-iGD
4 s1l-4; francs, harkcrs' sixties. 5l7 ~ less
LIS: New 'iSjrk sight bankers, $50 pre-
MUM: commercial &c premium.
London July 2s--l'8nk rate . per cent;
consols. ll3 sis
NEW YORK MONEY.
New York. July 2S.-Money on call easy
n 1nM2 per cent last loan, "; closed III |
per cent. Prime mercantile paper. 7ltS per |
cent Sterling exchange steady with ne |
tual business In bankers bills at 1.&igm |
. SIS "a for demand aud iS7 l-2u,S7 "a for |
sixty days Posted rates. ssmtsS 1-2 md |
4 50 IT,, Commercial bills. iS silver Ger
,irlcntes. 60 l-sli69 ii. Bar silver. 6S 3-4. |
Mexican dollars. hS SIS.
LONDON CONSOLS.
London, July 2S-close: Consols for money
Il3 6-l6 do. account, liz as Bar silver.
II 7-17d per ounce. Money. l-jml-2 per
cent. The rate Of discount In the open
market for short bills, 9-l6 per cent.