The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-04
MONEY AND INVESTMENTS.
Ooings OF Day With Wall Street
Operators.
THE MARKET WEAK AND LOWER.
NO support to tho Market by Powerful
Inside Tradsrs-sagging Tendency
to Speculation.

| New York, October 3-Dealings in stock.
today, were on moderate scale and If
most instances the fluctuations were mar
| row. The distribution of business was in
inherent. The market was weak ant
lower on renewal of bear pressure, es
peclally against the grangers and higher
! priced industrials and some realizations
sugar yielded an extreme IA per cent or
| reports or further reductions In the prices
| Oh the re1ned product and predictions oil
! impending cuts. The trend OF the grades
Oh Inc products still appear to be towards
lower level. This apepars to be no sup
port TO the market by the powerful Inside
interests. Tobacco was a notable exccp-
ton to the general tendency and was
marked up on the shorts. After an initial
gain OF u per cent. the stock scored fur.
uher gain OF per cent in the late opera
lions and retained all but fraction OF
the Improvement. The market soon Quilted
down and gradual recovery took place
in the last hour. which was to an extent
stimulated by the publication of a more
favorable bank statement than had been
expected. The closing was steady at
trivial net changes.
The bond market was duh and slightly
lower for most issues. Sales $4,000
regularity and a sagging tendency on the
bear aggression and efforts of the bulls
70 creaie reaction. The main unfavor-
able influence was a firm market for for
eiSn exchange. The market was also al-
fected by specific developments bearing
upon certain properties: In spite Of the
per IN financial circles was more cheerful
confidence being stimulated by advances
IN prices in various lines of general trade
ana In breadstufs and other food prod
ucts. Despite the considerable apprecia-
ton in wheat and corn that has aiken
place, 1t Is reported that a ontinued.
though perhaps more moderate, foreign
demand exists. The imports Of gold from
Europe have reached so large an agsre-
movement is regarded with comparative
Indifference and The relaxation of the re-
Gently prevailing financial strinLency ia
commercial activity.
The dealings were less professional than
heretofore and the market for 10th stocks
tendency. Some unfavorable effect was
caused by unfavorabe traffic re.uras, com
mission houses buying of the low priced
shares was something of d feature. Cow
erings of extensive lines OF shorts was
noted. but at the top level the ncri ct
disp,ayed some nervousness, paraiy as a
result of professional operations. The tone
of the market at the close WAS fairly
steady but with most stocks showing
declines.
The bond market during the week moved
IN sympathy with the iiuctuaions in
stocks, but toward the close displayed
stubbornness OF tone under attacks. The
Reading issues We're the features.
New York. October 3.-Total sales OF
stocks today were 81, HOS shares, includin:
Sugar $500, St. Paul 1880. Reading II 800.
FINANCIAL.
Galveston. Texas, October Sin the
local exchange market, sterling sixties,
buying at New York rates. less local dis
count. selling at 1890; New York sight.
buying sc discount. selling at par; New
Orleans sight, buying &c discount. selling
at par; American silver. buying &c dis
count. selling at par.
New York. October 3.-Sterling ex-
change, bankers sixties. 81 S3i, comm err
cal, s4.S3; reichmarks, 9iia francs, bank
ers' sixties. 5.209sg5.2O; commercial, 5.2lA
New Orleans. La, October 3-Sterling
exchange, bankers sixties, 81. S0A IA. SIN !;
francs. bankers sixties. 5.22ls; New
York sight. bankers. par; commercial,
800 discount.
London. October 3-Rank rate, per
cent: street rate rs per cent: rate on
silver 70 Slid. COnsols 11OlS.