The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-17
MONEY AND INVESTMENTS.
Doinqs Of q Day With Wall Street
Operators.
UNFAvORABLE INFLUENCE OPERATIVE
vandsrbi,t's Illness u DspressInx Factor
Continued Weakness in Govern ,nc MT
bond Market Total sales y ock.

New York, July i6.--The unfavorablc IN
fuenccs which dominated yesterdays
stock market were again operative today
and the speculation was fevcrish OH u
decided increase In the volume of busl-
ness The grangers, induslrials, coalcrs
and Vanderbilts were foremost In the
cd decline In the general market. leading
To breaks of IaA per cen, In the leading
active shares. rccoverics were generally
made IN the last hour, bringing prices up
TO about the opening figures. The de-
pressing factoss included Mr.. Vanderb!l,'s
Illness. the decreasing government gold
reserve, further weakness In government
bonds Increased strength In The foreign
gate engagements OF gold for next week
ringing from 100000 to si,5CNo1o There
was no news hearing ON the general stu
alton aside from the considc,ae ions above
noted. and the rally In the last hour was
on extensive covering OF shorts. based on
unveriied runlors OF the completion of a
syndicate Tor he purpose of purchasing "a
sloU.0lo,op block Of government bonds.
Thee was also evidence OF support ut ,he
cAtrsne low point ty pow,-iul iinanc ii
interests. Moderate buying OF the lend
ing iniernatiuna, shares Tor lore.en ac-
count was also noted.
The market opened unsettled and fairly
active. and after a brief !rtcrva! prices
began to sag under l!quldatins orders and
heavy bcaS selling. Tho Nanierbilts an':
coalers were attacked for obvious reasons
and the downward movement in the IN
drstrials was accelerated Nv runrors OF
disturbances in loans, due to recent see
we're declines. Continued weakness IN the
government bond market. particularly IN
new fouC coupons of 1925, was partly AZ
trihutcd to the same ,ause. Sugar and
ST, Paul were n long way In advance of
the other shares i'll point of activity. The
FIRST named was prominent in the early
depression. which VAS eventually shared
by The general market. After an advan u
at the ou side of lis 1t broke to io2 III and
left off with a sigh; i.a,.ionai net loss
burlington and Rock Island sold of 2 81
per cent zach. and material losses We're
also scored IN ali the active shares. The
closing was strong IN tone.
Total sales of stocks today were 81. 522
shares. including American Tobacco $500
American Sugar N9o,, Burlington 1Iip.
Railroad bonds We're active and weak on
sales of less. eco The more :mportan,
Losses AT the low points include Atoh'son
fous-s 3-s. AiShison adjustment tours z.
Kansas and Texas firsis ~.
FINANCIAL
Galveston. Texas, July l6-In the local
exchange market, STERLING sixties, buying
81 So sel.ne si.gG: New York sight. buying
isc discount. selling &c premium. .Amer-
can silver. buying &c discount, selling at
par.
New YORK, July lb.-SteTNnE exchange,
bankers sixties. sis7Au+ss; commercial,
A.S7is; reichmarks, % a-i6; francs, bank
ors' sixties. 5.i6l4; commercial sixties.
51Iia.
NV Orleans. July lG Sterling OK
change comneIoial siXitnu. 4.S6i2ni SdN,
francs. bankers sixties. j.lSls: New York
sight bankers, $l.5o premium, commercial.
50c premium.
London. July l6.-fSaak rate, > per cen,
street Gate. 5-S per cent; silver. 81 SD:
consals Lib 1-1d.