The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-09-30
MONEY AND INVESTMENTS.
Ooings OF Day With Nall Street
Operators.
STOCKS NOT EASILY DISLODGEp.
hcafs Unable TO Hammer Down Pr.crs.
hours"s Unsettled by Foiitic,i
Rumors.

Ne" i"rh, september ~. --TOday's stock
market. read between the lines, indicate,
change in the character of the speau-
iat-on. Operators who had cured pISmi-
hentiy in the original bull movement de.
cided at the close of lass week that a. re-
action n prices was impending and sold
out their holdings. Efforts yesterday to
hr'hg about a decline and create n new
Snort Interest were continued today. The
mahipula;ors discovered however, tha.
me stocks we're rot easily d.slodged and
PROMPTLY reversed their positions. ihe
hsiket was fairy active and The li.tri-
Dutnh or the transactions was betGsr tnan
ior some time past. The opening wa
lover under tAe influence oil offers ior the
H-FeSn account. The cause for the
c!nHee OF front on the parl OF dealers
was not generally known unll she last
Houi .f business, when II transpired tlaf
iohte1l rumofs had unsettled thu
u lu[Ses. Inc grdnsers and specialists had
displayed the greatest heavincss. The re-
acionary inoN ement was facilitated by
Timer market for foregn exchange. az
tual rates Tor long and short bills uivelg L.
ing further from the natural gold .inpc.
The c2ndiroa was the logical out.olme o.
the easier market for commercial paper,
witch increases the demand for eN-
change. The October rcm,tances re-
quirements are also ease in lc.u. Will,
INC advances in the pr.ce OF wheat u1d
cotton Restrict the movement OF CONNER
purchases for both accounts u material
increase in commission house buying he
ing noted. The low priced shares were in
special favor and large blocks OF Reading
Changed hands a; substant al advances.
The other coa.errs improved materially.
The publication Of the Burisng,on : ate
ment gave a decided impetus 10 the move
mont. As the exhibit was decidedly less
dlscouragirg than had been cNrecttd.
The activity subsidized TO n considerable
extent in the afternoon, but the upward
tendency Wos stil n force II gh price
stocks were In good demand. The al
vance from the low pont averaged | per
cent or thercabouts in the principal
shares. with partial reaction at the
Close.
.ine bond market displayed aggressive
strength on investment and speculative
dealings, with the greater activity IN
Reading issues. Sales sl,66l. COO
FINANCIAL.
Galveston, Texas, September 29.-ln tho
local exchange marker. sterling sixties.
buying at New York rates. less local dis
count. selling AZ $3.50. New YORK sight.
buying sc Clscount. selling at par; New
Orleans sight. buying &c discount selling
at rsr, American SILVER. buying hac dis
count, selling at par.
New York, September 2a-Sterlng eN-
change, bankers six lies N.SlAHi. So com
merc-al. s., Sli2MA, sl& rcichmarhs, shl
francs. bankers sXi.es. 5.2l's; CONNER.
cial :. 22le
New Orleans, eptember 29.-Sterling cx-
change, bankers sixties 9'94n4 so.4
francs. bank ~ sixties. 52iN, less liz.
New YORK sight bankers. par, comme-
cal, sl.75 discount
London September %, Bank rate, 2 per
cent. street rate. Pa per cent, rate on
silver 80 Sled consols, l0aA