The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-27
|1HE BUSINESS BAROMETER.
/. Index to the Condition Of Trade
Generally.
ms1ON BUSINESS MEN ELATED.
:. Rsnk Reserve appointment Would
-. Of Great VaIue-The Clothing
Business-Trade Notes.
Office of The Post,

Business-Trade Notes.
Office of The Post,
Houston, THURSDAY March %.
~. announcement In this mornings
3. that Comptroller of the Currency
r.,sls would probably issue an order this
IN designating Houston as a National
INK reserve city, created great deal
| !, Enthusiastic talk In local commercial
7. financial circles. Houstons suprem-
IN the business world OF Texas is
! s,xn daily by the bank clesrugs, which
<. of,en considerably larger than those of
r,r,hern and Eastern cities having three
!. four times tho population. If deslg-
..,od as the city foi depositing the re-
..,vs funds of all Texas National banks,
Arsyer, the commercial reputation of
N. city will he still further enhanced
~ order Will be of inestimable value,
"A the business men here are quite anxi-
=. 10 secure a confirmation of the re-
| pd
Mr. E. Raphael, manager of the Hous-
IN Clearing House. stated today he had
,sreiyed no Information upon the subject.
tr, believed that all the conditions war
,antei the selection OF this city for such
asrrose lie said Ii would be a great add
,rrtisement of the citys business impor-
lance and would secure for deposit With
houston banks the reserve funds Of the
National banks Of Texas that are now gem
I e-ally sent 20 New orleans. Undoubtedly
,louston's large and rapidly Increasing
mculaton, her substantial banking insti-
m.,ons and her numerous business inter.
tha lguntnKr ftt Of
sri IL Is earnestly hoped thai a further
Acknowledgement of her supremacy will
I h made by this reported order from tho
rmptroller of the currency proving Il
bet.
THE MONEY MARKET.
Reports from New York state there has
ben easier money since the government
han was closed. stll commercial paper
trds hard market Call money in New
York Is reasonably easy. with the New
| FORK stock market at hand, however. ana
he readily negotiable securities which
an be offered as collateral, conditions
voud be indeed severe 81 call money
cyuld not be had. But with commercial
paper II Is quite different, and as cover
lng this point the following conservative
ea,enent wired from New YORK the
other day Is quite aprupo.
money on call and on time Is easy.
Time money brokers do not appreciate the
POSITION OF some commercial paper brokers'
md say the situation is not at AL bad.
The essential fact about the money mar
ket Is not really tight. No one has any
difficulty in supplying himself with amy
reasonable amount, providing that the
rgh, kind OF security IS forthcoming. II
nay be true rs many people claim th8i
the business situation ia not as bad as
Il to0ks, bat il Is an undoubtrd fact that
people who are accustomed to toan money
10 the merchants think Il IS bad. and are
basng their operations on The sumption
hat ii Is bad. Naturally, this makes the
commercial paper market very unhealthy
ior borrowers"
THE CLOTHING BUSINESS.
Houston clothing houses are displaying
new spring clothing and furnishing goods
In great profusion. There seems to be
enough flnery In the windows to convert
all the men IN South Texas into bowling
sxells If they only knew how TO wear it,
The shirts and necitwear already displayed
ue very gay, both as to color and design
It Would seem that any man who stocks
up on the spring garments, me inmboy'
ant shirts and the flow nee kweal Oh
The windows this spring is sure 10 rivaI
peacock whon he comes out In warm
Weather.
Speaking Of the clothing business, one
q the retail merchants said, "Irtae is
'try slow as vet, We must have touct
u warm weather before men begin 10
nalze that they must have some new
Trng cloths. A man wants new clothes
worse In spring than at amy other scas9t
u the year. It's the law OF nature,
oppose. I'm the fan he VIII have his ol5
Enter suit cleaned up SO AS to mako u
I..z tN...H