The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-27
MONEY AND INVESTMENTS.
Doin9s Of a Day With Wall Street
Operators.
MOVEMENT OF PRICES IRREGULAR
Ihree Millions More Gold Coming This
Way-Eschangs Made = Now Low
Rscord-UIosing Steady.

New York. August e6.--'rhe stock mar
Ne' To-Day reflected chiefly the operations
Oh the room scalpers. The movement of
prices was irregular and only three stocks
nfade fair proportions In point of activity.
Ihese were Sugar, Western Union and
81. Faul. In the order named The 500.
ond mentioned stock was PARTIALLY affected
Ivy bear rumors OF recent heavy invest
n.ent selling, which was denied bv m,m-
bers of the executive committee after "A
personal Investigation Of The transfer
books for the past month. Baltimore and
ONO again showed some activity. Influ-
entail members OF the reorganization com
ml'tee declared that there was absolutely
10 rhangc IN The ,ituation. The Hiltun,
hughes Co. assignment ana the news
CT further gold imports were almost un-
noticed. After the close oi business 1t be-
cams known that the situation had rather
suddenly improved to a considerable tx
tent and that about S3,Ny,OJJ more gold
thun mad bsen previously figured on WAS
on the way to this country. a reason for
the pronounced weakness IN exchange also
deNtioped late In the oay. There Is ex-
cellent authority tor the statement that
the recent sharp cuts in transportation
rates have made practicable the sales OF
many million bushels pf 1ur grain to Eu-
rope. Exchange mas begun 10 pe urawi,
against the shipments and gold imported.
~ iuiEt proportion VI tlc EOlu Will NC uo-
posted In the suotreasury in exchange Tor
ierai tenders, and the legal tenders dcpos-
lied In the banks by the gold importers.
In THIS manner IL Is expected with consid-
cradle confidence that the issue OF CLEAR
Ing house loan certificates VIII be avoiucd.
To-Day exchange made a low record FOR
inns month. partly Tor the above reasons
and also ON account OF the continued stun
ening rates Tor money. Actual rates for
long ana short bills fell 2. per cert ie-
spcctveiy. Posted rates were also sharp
~ reduced. The market sagged on re-
ports OF mercantile suspensions at various
points and unfavorabie general rumors
'fter fractional gains incidental to the
gold import news and the decrease In eX-
Change The specialtbs were conspicuous
" weaker on discouraging trade conli,
ticns The closing was steady at trivial
losses,
aonds were dun and worked lower. Tho
losses were slight, however. GNcer. in u
few instances, sales $3.50 TOO.
Total salcs of stocks today Were 90,5G5
shares, Including Sugar 500. Western
Union l6sV. st. Paul 1850.
FINANCIAL.
Galveston. Texas. August 26--In the To-
cal exchange market, sterling sixties, buy
ing siS, selling $3.50; New York sight.
buying 3-sc discount, selling ut par; Nav
dreams slgnt. buying Lac discount, selling
at par; American sivcr, buying l-ic dis
count, selling al par
Galveston bank clear!ngs. sN9.Soo.
New YORK, August 26.-Sterling ex-
change. hankors sixties, $iS ~. CONNER
cal. As2 "a reichmarlSs, ~ 7-i6; francs
tics. 5.2l rs. '''' go
New Orleans, La, August % Sterling
exchange, commercial sixties, {iS2 l-2n
t.si; francs, bankers sixties. $,.H rs; New
FORK sight, bankers, 81 90 premium. com
mercial ooc premium
Lpnion. August 26.--8ank rate. per
cent. street rate /; rate Tor silver, 80 l-l6;
CDnsols ll3 Ill