The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-02
MONEY AND INVESTMENTS.
Doings Of Day With Wall Street
Operators.
INTEREST IN THE TOBACCO STOCK
Dividend Declared BY the Dirsetory-Gen-
oral MARKET Opened Firm, But
Shaded on.

l
Shaded ON.
New York. April 1.-Today's stock mar
ket Indirectly Indicated the source of
yesterdays animation, rejecting de-
cided diminution of the short interest.
People who had not appreciated the situa-
ton We're inclined to look today for IL
lively advancing speculation and they
were disappointed. Tobacco figured for
nearly one-third OF the entire dealings.
The speculation in this stock which over
shadowed in interest, the trading Ia the
other shares, owing TO the continued
adroit manipulation and the long drawn
out agitation regarding a possible cum
| promise with the opposing interests and
the dividend action likely TO be taken by
the directors at todnys meeting. lhe di-<
rectors We're in session the gt1atSr part
of the day and the dividend announce
ments Were withheld until long after the
close OF business on the exchange. The
stocks moved In an erratic fashion i'll
response TO various estimates as to the
probable amount of the dividend, Al the
outset weakness was evident the price
receding 3-s per cent TO SSh. Az the
| low level inside buying caused n rally -
9o&. a reaction to $50, followed and in
the late dealings another rally to Sssl. In
the street late In the afternoon bids OF
VI to 30 were reported on the dividend
| amour cement The directors declared
the regular quarterly dividend of per
cent ON the preferred. dividend In cash
| OF per cent ana an extra disbursement
of 20 per cent in scrip on the common
| stock The scrip dividend Is estimated
with the stock at 20. as equal to slsoo on
% full shares or AT 30 the curb bid price
IT would be equal to $500 on twenty iuli
! shares
The general market opened firm, but
shaded OH slightly all around. The bulls
soon interposed and checked the reaction.
important fractional gains were reported
in Burlington. Rock Island, Distilling and
a few other shares. Manhattan jumped
per cent TO lo7is on news OF the appro-
val of the extension privileges by Mayor
| strong Reading was in good demand
later in the day and rose ~ per cent.
| The bonds of the company We're more &C
| lively traded in advancing prices. me
| afternoon speculation presented hut few
features of interest. London was alter
nately buyer and seller, but US opsra-
a general selling movement occurred. chus-
ing recessions of fractions from the best
| figures of the day. This movement was
| ascrihed to revived rumors of Impending
! rold EXPORTS The closing was dun ana
| heavy -,
Bonds were active and higher; .,, WITH
strength in Reading ana Northern Iaciic
| issues. Sales s2,00oo0p.
RATES OF EXCHANGE.
| Galveston. Texas, April LIN ihe 10,
at $3.50, buving at 4S9; New York sight
sssSa%%'t Se% Srlsaas siF J.s ssl,ns A n
| can silver selling at par buying at "a dis
| count
Galveston bank clearings; s7si.sio
bankers -Sk@ sixties, s,.s7a.; re chnarks, s. ils
francs. bankers sixties 5.l744yg5.is rs
commer cioa s!sIes S %nyir lI l es
/ change, banSors' sixties. si.S6ain 4.s7h ;
| francs. commercial Styles. a'ls1 New
! lork sight, bankers, si.oo premium COM
/ mercal. 25c discount.
I London, April bank rate, 2 per cent;
| street rate, ll-l6 per cent: silver 3lhdi
consols for money, 100 ll-l6. yesterday
/ l09 a16.
WALL STREET PERSONALLY
pierront Morgan has gone TO Europe;
Washington Il. Common is in Florida. Mr..
Cammack appears III Wall street hardly
half the days of the week. James X.
loo eE Eeron ~ w Nh Is true Of these bigger
| men is even more eonspicuously the iact
as to the. lesser Lights Ms, LOUIS I ReIi ~
devoting himself to Cripple Creek min.
ing company. Eddy Talcott Is sick, Al
| the names familiar to the rank ana iiie
of Wall street are names very rarely iig-
urIne now in any stock exchange transac-
tons. The significance of this needs much
elaboration or pointing out. wall street
| is at a standstiil.
CONDITION or EUROPEAN BANKS.
Tho Bank Of England, according to tho
Chronicle, holds fiS,103957 gold. against
f37. 100 $50 last year; the Bank of France,
| fS7, 31s 5;t gold and 1881 los silver, against
800 and s7o2 100; the Flank IN r Of Ger,
the Bank Of Austria Hungary, iT, 100
| gold and fl2,75S00O silver. against ILL.,
900 and lS6 $1,000
NEW YORK MONEY.
| New York, April 1,--Money on call firm
| or AT 2iafi3. last loan ~. closed gH.l3 per
| cent; prime mercantile paper 51pnois per
| cent Sterling exchange steady with ac-
| tual business in bankers bills at 4Sn
4Sg for demand and iSlAM4,ss Tor sixty
days; posted rates 4.SlaM4.s9 commercial
| birs iHi. silver certificates 6s'.e6s5-.
Bar silver Ssh.
EVENING POST CABLEGRAM.
New York, April 1.-The Evening Posts
stock markets were again today under
| the influence of approaching Easter hoil-
days and business was radically at q
stnnds,iil Americans were only steady.
! rho continental markets are inclined TO
| improve.
LONDON coNsOLS,
| London, April 1.-Consols for money los
| lid, eonsois for the account 10y l"-lo. bhr
siIver n I'd per ounce. Money u per cent.
The rate OF discount in the open MARKER
for short and three months DIS -l-io per
| cent.
COMMERCIAL BRIEFS.
Cincinnati, April WHISKY steady, LIZ
New York, April 1.--Clearings sSs' s69'S5s;
balances $5,76l.12o
New York, April 1.-cotton seed oil
quiet but steady. unchanged.
Nov York. April 1.-The total sales of
s,nr, today were lsi ZIG shares, including
American tobacco 1900; American sugar
1890; st. Paul Hoo.
| BONDS.
| Closing quotations On bonus AZ new 10TH 'ooay
| were rs follows;
| New L. s. As. reg. 1l6NlG. H. =. Ssofd 100
Ss,;4;Js As coup. 4 1854 10. A. 4 4. A. 7s,..100
| H.. n, rev ......'..ll3as H. & r. C5s,ofd. los
| II : 81 coup........l1BN H. TT. C,Gs...,..l0tA
| US. Is. .l0stsiM \. T. trst a.. s5t