The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-07-02
MONEY AND INVESTMENTS.
Doin9s of Day With Wall Sire ct
Operators.
BEAR OPERATIONS AND LIQUIDATION
London'a luhuence was Again the Prime
Factor, Hut H. Tended Toward
Lower Prices.


per underwent complete change today.
owing 10 resumption Of the liquidation
movement and to bold and effective bear
operations. There no let up Ct the
support accorded the market ycstcidty.
neither was there any noteworthy lilu,di-
ton of interest for long accom-; by COM
mission houses. The main tgscoura ging
influence was change in the attitude OF
L-mdon. This was supplemented. incidcn,-
al to the bear RAIDS upon prices, by Naii-
Gus rlmois OF IL disturbing ch lrnvtci,
some oil which were unioinaed Including
one to the effect that arrangements were
being made Tor shipments OF gold To I.G-
rope. aRgrcgntinR several million dollars.
The volume OF business VA, considerably
larger tiian yesterday, ana business WAS
IA rly well distributed aiihogSh two
stot;ks--Sugar and Tohtcco-figirud Tor
about one.third OF n. arsrera,e dealings.
10y lower London prices, and although q
few moderate buying orders Cor foreign
arcouu were noted. tho Traders lined mp
on the short side aud worc led Ivy two
professional operators, Under their "i-
forts together with wholesale liquidation.
prices slumprd all around, with tn lead
~. referred to making special ditvts vi
the granger GROUP An few of the Spe-
cial,ios. Thu complete absence oi support
facilitated ;hoir W jrk and TN. opl. rallies
that occurred wsrc feeble and w"re ,i,-
t'rolN due 10 ciyerins operations. The re-
act ons which quickly ensured cnrried
" eos he'ow the low points. The s,4npe,s
bore tho bruul of the depression. North
western figured FOR ovci 81. per cent,
RHODE island SIS. Huntington -, and 81
Pam IS The attacks ~ the GROUP were
ostensibly based on uniaN CRADLE trtfhc
reports rendered and expected. Referring
Ia the gold export rnmor apprehension
on THAT score was reiieN.d ny saeGing
tendency III the exchange inhrksf and hy
tbs 81 sltement al thu icad na drawers ths,'
no important outward movement was in
d'eatod Tn. spooislt,s were conspich-
s.llf- ~ lt,a I.ts n "a
fecicd ny uncer,a 'nty on the part of orders
and ON the dividend prohahiliti,., ~ the
common sock, and Was giraffe wAh n
decided downward trend. rho ann ounce
ment that he dividend mad bc n p,sl. III
was followed ny lively unoi ling OF stocks
aud an extreme decline OF lor cent. to
~ Tho recovery of about a po'ut a.
CURED later. Equally acute loss y wcf.
scored in os her directions on report oi
/ earnings. Sugar displayed SOM resil,.ncN
o'I toward the close was forcnos; on
| lhe down grade and lei N At = net loss
Of ~ per cent. The market clos ID active
and weak nj the lowest.
/ Railway bonds wcru duh but weak. with
the concessions material In som of the
leading issues Sales S6'e.5p
| FINANCIAL.
Galveston. Texas. July LIN tho lofal
| exchange market. VI cling sixties, buying
S.s5. selling $500; NcM York sight buy
American silver, hrying. lie discount.
Nsw York, July : sssnrns,.
81 s., .-,ni s.: ieirhmark,. a5 is: frames.
bankers sixties, 5l7 -e.pa.la rs CONNER
change. . com mn slxt.rs. sise l-2m
,@ -; francs. numerical sixties, ~ -:
commercial. ioc premium.
London. July tank rate. per s cen,
street rate, as per cent, silver 3l'2d;
consois, ll3 g-Id.
EVENING POSTS CABLEGRAM
New York. July 1.-The Evening Post :
London financial cahlegram; The sioeh
markets were gcn'rnlly quiet today.
Americans retained steady appearance.
! he London money marie, is extremely
easy. money heing practically unlendahle.
Al Paris the settlement continues to en-
gage attention The market opened with
renewal of weakness. but gained none
and closed steady. The Berlin market
WAS quiet and featuroless.
NEW YORK MONEY.
New YORK. July l.. Money. on cal ;s'eady
por can't, srorlng exchange steady' WITH
actual bnsiress p han ls1 nis a. In
r Comm 1aaiF bii. is; Bar siivei, ~.
silver certificates, 1sstH
ENGLISH CoNsOI1S.
London. July -cousols if,ogr money
1'3 II Ii; ditto { y accplii ll3 ~ ~, ftr
'Iver. 3liad. Money. y yer ceni. Rate oi
l., ount IN open marke. FOR snort ana
thr months bills. = per cont
COMMERCIAL BRIEFS.
New York. July I.-lIides- Firm
L.athcr-puict Cotton seed oil-Qu.ri.
Cincinnati Ohio, July -Whisly-ouiet;
sales 5iS barrels at IL
New York, july Total sales stocks
today go Ri shares. including. Ameri' nm
Tobacco 5000: Louisville and Nashville
1880; ST. paul 81. 200, Silver Certificates
| 10 900.
New York. July l.-Governmen, bonds
| S,.,n bnuds oull railroad bonds