The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-01
MONEY AND INVESTMENTS.
DoinQs Of a Day With Wall Street
Operators.
SUGAR WAS THE PIVOT OF BUSINESS
Course OF Prlcss Irregular Until the Las,
Hour Few Features In the Rail-
way and Bond Market

New York. July 31.-Sugar was the pivot
of today's business and figured FOR ~, 800 |
shares out OF the aggregate dealings of
about 10000 shares The greater portion
of business was transacted In the after
noon operations. Aside from st. Paul
which was a poor second to Sugar IN point
Of activity. the average movement OF the
general list was insig 1incant. The course
of prices was Irregular until the last nour,
when decided strength was manifested
under the leadership of Sugar. Traders
were disappointed at the failure OF Lon
don prices to respond TO the rally that
had been in progress at the close yester-
day and initial figures We're shaded frac-
tionally. Inside manipulation of Sugar
became quickly evident at the low point
and rally occurred OF 3-s 10 l0@ S-s.
The general market, which was complete.
~ under the control of the professional
ally to fractional extent with the
gfangers. Leather preferred, Western
Union and Chicago Gas were the most
ed, however, to retain the Improvement
and rapidly reacted ~ per cent. There
was practically no news bearing upon the
market aside from slight but unavoidable
stiffening In actual rates from long bills.
Up TO ! O'Clock the trading was dun and
uninteresting. except that the traders
construed the St, Paul statement OF earn
ings for June unfavorably and depressed
the stock nearly point on the exhibit.
The offerings were. wcil taken about the
hotr mentioned. sugar Was again taken
in hand with very large orders ard a
further advance was engineered IN It TO
100 5-S. gain of 5-S per cent from the
lowest point. The other shares again felt
in line and recoverics took place In the
later dealings ranging from ] to per
cent, the last In Lack awannI. The cpalcrs
have been an exception to the early down
ward trend. New Jersey Central rising
2H per cent IN the face of an unIavorable
report for the six months. Iowa Central.
Leather prsferfed and The grangers wore
.ss,t 10 hn a N
i'll the industrials was reflected in bleak
OF per cent In Illinois Steel Manhattan
and Chicago Gas made fun rscoveries
from the early declines. Near the close
prices shaded off slightly on realiaations
and rise in call money to per cent Tn,
list generally left Oft strong with slight
gains
Tho railway aud miscellaneous bond
market presented but few features OF in
terest, although decided strength WAS
noted In some Of the bonds OF receiver
shin properties The fluctuations in the
prominent speculative mortgages. although
somewhat crratic, were mainly toward
higher plane and Offset in part the gag
gng tendency in the higher prices IN act
i've issues. The sales We're tl3aoo0. ohio
Southern frsts were conspicuous for q
decline Of Az per cent to 7Qi3, with n full
recovery. Other important changes We're;
AdNances-Atchison ana Colorado and Pa
ciiic iirsts and Kansas Pacific oonsols )
per cent; Brooklyn Union Gas nves, lig
| The important declines were; St. Paul.
! Houston and Texas c 'ntral sevens, North
ern Pacific sevens. Illinois Central West
ern line nrsts, Fer cent
| Total sales OF stocks today were 2o6, 200
shares. including American Sugar 81. 100,
| burlington Hoo, ST. Paul 300.
| FINANCIAL.
Galveston, Texas July al.-In the local
exchange market, sterling sixties. buying
S,s5. selling $3.50; New York sight, buyine
IS re aso ssh T Snyss = &c aRrSaG selling
| nc premium: American silver. buying &c
discount. selling at par
bd Mlw o sxr se'y siss co nnTnSi
$i.S1e: reichmarks s5A: francs, bankers
siNIiis 6li commercial sixties 5l7l4.
numerical sixties, S. So. al s7.. francs
banlsers sixties ). ii,s less i-l6: New ork
sight, bankers 81 80 premium, commercial
s5c premium.
London. July si.-Bank rate 2 per cent;
street rate "a; rate for silver, - S-s; con-
soils, 1l3H
CORN FOR EXPORT.
Chicago, July 3i.--Reports to the board
| OF trade say that during the last three
or four days at least l,0Vo.on bushels OF
ent from Kansas, Nebraska and Iowa
POINTS to the Southern ports. VIA kansas
City, by reason OF the extremely low
Chairman Fish of the Chicago board OF
trade committee ON transportation, through
an official Of an Eastern road, leie-
|
ISOLATION asking them 10 reconsider inc
| appeal of the Western boards OF tradt
for a l5c rate on oats TO New YORK.
NEW YORK MONEY.
New York, July 3l.Money on can
| steady at | l-2n3 pen cent, last loan, IL;
closed -a2 - Prime mercaptle paper;
6G7 STERLING exchange firm, with actual
| business in bankers bills at 4.S9 for de-
| mand and As for sixty days; post ed
RACES .SsTi4 IS IL and 4.s9 1-2. CONNER
clan blls, 4S "A. Bar s!ayer, 6s 5-s SILVER Yer
| certificates. % I-SncS l-S' MEXICAN uoi'
lars, 50 5-s.
EVENING POSTS CABLEGRAM
New York, July 31.-The Evening Posts
London cahlcpram says;
There was a further recovery IN the
stock markets today, including Americans
! In regard to Americans, there has been
| calise for apprehension, but the posi- ton IA
regard 10 other markets has been exaggcr'
| ated greatly.
LONDON CoNSOLs.
London. July 3l.--Consols for money.
ia 10. do account, 1l3 s-16. Bar silver.
II asa per ounce Money. IL per cent,
The ralhe of discount Ia open market for
short bills, 1i-l603-4 per cent. do. for
three months bills, ll-]603-4 per cent.
BONDS.
Closing quotations bonds at Now YORK today
| were as follows;
sewYs 4. &: I csss;s sH Hss 4 e.: i 81
N'w -. a. couh, liz ID n ~ a. 50" m,
o. rsS g. IN. III css ] i io
US, Is. reg'..,..... lo9is n X 4 r. hrst a.. 7s,9
Us To- ooup.......l0iA M.B.&T. second As. 59h
Us. e, reg ...,.,.. 80 stL.AI. Gen5s.. 6sh
Mlssouri IS ....... 100 lstL.Ssf Gen. IS. 90
| Aichison readj Is. 32HIIeH. FAC. seconds. ~
| 90. pac la uh 90 lt.r frsts % 30