The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-03
MONEY And INVESTMENTS.
Doings Of a Day With Wall Street
Operators.
ONE PER CENT PREMIUM FOR GOLD.
Speculation In Cotton Aoiive-Livsrpooi
Ftrmer and HI sher-Ths Germans
Were Sellers,

stock market could have closed up shop
for all IL did today. IL will continue this
way until the bond issue. Incidentally, It
might be interesting to remark that $7o,-
10000 will be paid out around now In In
terest and dividends and this will relievc
the money market, as also will Manhattan
railway. paying OF Ss,5oo,ooo Z per cent
bonds. This movement will disburse sti.-
900 900 for interest on the old fours and
bank etc, another sio.o0o.cco IN interest.
Fort Worth and Denver first bonds I'D
vanced 1 TO q
The wheat market here was variable,
with early advances. declining sharply at
the close.
Sterling exchange Is strong: siNtics. Ass;
demand, 4.Sah. Silver. eeN; demand. a2N.
Cash sugar, Arm: sranulatcd &c.
| Coffee. dull No. l. iiss
| Supply of cotton bills moderate; 1 per
cent premium bid for gold
Gross net earnings of November show
Mexican Central about 5000 behind the
previous year. and Rio Grande Western
for the same month about $1,000 ahead.
| Speculation In cotton continues active
today, but irregular and uncertain
throughout and attended with sharp and
ftequent nuc uatlons, There was a co iiin-
uation OF Tuesdays furry at the opening
and under shorts covering and liberal
Southern and European buying the value
line showed an advance nj TO points
on top of Tuesdays closing quotations be-
fore the end of the first half hour 1t
was steady market and surface coudi-
lions seemed to indicate return of bull
ish activity. The Liverpool markets were
'irmer ana higher with receipts compare
| lively light. Liberal buying and less Of
fcrs or aetna, ,,,,,,,, ,.t,
VI "V'uai cotton received from the
South were the factors which. together
with the good bu,,,. Ia, -, $500.
1 - ivy '"' Wy iouai 'r"uers'
createu the strong feeling among the
bulls. The market only continued strong
s1 80 Wv '"SHs power was IN eVl-
uehce' AZ soon as II subsidized, winch A
did towards noon. the carly advance I'm
/ prices was soon of,o-,.,,,l -, -,
aan,,, .oo'' l'e'""fos lost Heavy
sei'ins oy the German element prccipi-
tated the break ana liquilatlon Nv early
| buvers c.,,s,a r,'.,, .''''' W." y! carry
| -, lurther decline to the
oasis OF about 3 points under Tuesdays
| Cotton ae,,s,ono, v.,.
"e'eiopeu weakness In the after
noon on continued pressure to liquidate
! sence Of suppor, sno,s Sc,S aiiu the an
ding, So. The mori1et Neui i,ed lao, inid.
e.eaay. N'' ''oSeu oafe'y
|
New York - Ia 49,, nioCN M, hNCHANGE'
| of ~ 1orhi January The first buslpess
~ ~ ne" year on the New YORK stock
| SfNoiianse was no. espel lazy conspicuous
~, my Painsu!ar. dnlinoss excepted. in
,e S,',s'ton WIN an OF the other financial
'oitnstsf the STOCK speculation was con-
e m1G9 oy eYpee,ation of the new gov
| et,in,o',i nond lsste. by monetary con-
oI,'Vn NAT allows OF Importation and cx-
pot ,a,iel OF goa az tho same time and
| r. Prem ,,n Ia el.h9l transaction. OF course
| w import OF gold wouid and the prem. UNI
ivy Ieporleu to be railing on The yellow
~ nae' A. arg niaae profitable only on account
o. me forthcoming bond Issue. This is