The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-01
The BUSINESS BAROMETER.
An Index TO the Condition of Trade
Generally.
CHANGE IN THE FINANCIAL MARKETS.
An Improvement Has Gradually became
No,Iceabie-The cotton seed OH
Market-Irade Notes.
Office of The Post.
pilicc VI il'S VSt.
Houston, Wednesday. September 3d.

M Houston, Wednesday. September 30.
81 Within a remarkably brief time thar
Has been a great change IN the temper
of American financial markets and hesi-
Waiting conservatism has been succeeded
ny buoyant confidence. The Posts New
4 York spcclal has indicated a change in
tho character of speculation during the
< 1ast week or two and 1t has been quite
evident recently that Wall street manip-
2Nlators could not make n successful raid
t0n stocks and bonds. and many of them
I've reversed their positions. The great
31t influence toward an Improvement has
i zen the fact that the balance Of trade Is
- our favor.
IN There Is no longer any menace Of Il fall
ms gold reserve, the net balance of coin
end bul,aon amol ming to nearly SIG o)t,-
100. while II is estimated that this viii be
decreased In fortnight to over $3.50 900
With gold bought for the American ac-
$opunt in London and Paris. The largest
reserve held after the 500 0oO,0 600 bond issue
~ last February was SIPS, 100000. which
s 5Fas in excess of the balance held at any
4 3ime since 1891. The present gain was
made In legitimate operations of trade,
imports having been made on a genuine
commercial basis for the first time in five
years.
3fThe restoration OF confidence, although
Snot complete. Is potential In the curtail-
SAcnt of Withdrawals from New York by
flntericr banks In an appreciate easing OF
Nthe money market and substantial ad-
|tvences in stocks and bonds. The boarding
6of gold has virtually ended. The treas
Sdry has gained over oao-half the gold
Ilmported In exchange for legal tender
Snotes while the reserves Of New York
Nbanks have been strengthened. The Sep
tember trade statement Will make an even
more favorable showing than that Of last
month. The export movement of cotton
and grain has increased and steam ton
mage to Great Britain has been taken up
to late in Decenber at advanced rates.
COTTON SEED OIL.
q The Williams 4 Flash company Of New
SYork write: TIE lack of immediate ocean
S4reight room has been the feature winch
es virtually ruled the market for the
Il est week and forced parties who had oil
'sen dock TO accept the best price the do
mes tic buyers would pay. wh.ch was ?3c.
Ten prime yellow. at winch figure several
hunured balrcIs were Sold whereas tor
4 the middle Of October delivery TO suit
S,ettamers exporters were wiling TO BUY at
kz3lac, and "a fair amount OF OIL change 1
bands at this figure.
q Later i'll the week, owing to the advan &c
81 lard and tallow. there was slightly
better tone to the oil market and more IN
UQuiry for cotton seed oil for OetoheC to
November delivery. with, tendency, on
\ The part of holders TO be less free In their
Yonerings. Should this hardening tendency
xof lard continue 1t Will undoubtedly lead to
Yettar prices for oil, especially II buyers
IN Europe make up Their mlllds that they
~ not going 10 get oil at a.ly less money,
~ stocks there are not large, ana they
pust sooner or later come in the market
n fact there rs noticeable now n trine
sRetter inquiry from ports which hereto
sssIore have shown no interest whatever.
IL I'VE quote prime yellow at 2ic. with 2Si2c
bid. on yellow at 234c to 23lac; PRIME
Sprude, in barrels 2liac: loose, al mills, ID
no Ice. according TO localttV.