The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-29
MONEY AND INVESTMENTS,
Doinqs of q Day with Nall Street
Operators,
EFFECT OF GOLD EXPORT MOVEMENT.
Hut Little Apprehc nsion Felt on the
street small Net Declines In
stocks During the Day.

New York April 2s.-The market for
stocks was lacking in animation today and
sank into a condition OF unqualified dull
ness. though evidences OF hrmness and
! strength were not lacking. and the small
ne. decline was due rather TO the sys.
| tomato effect Of the manipulation By the
bears Of special stocks than TO anything
in the general situation.
Perhaps the dullness was in some small
par; due to tho Inauguration Of the gold
export movement today. at first generally
admitted TO be due to nominal causes
growing out Of the trade condition. Inter
teTest IN the gold movement was confined
IA 4 very large part to those having to do
with the market for exchange as 1t is
now generally understood that tho gold
movement has been held back for several
days az the East by agreement Of the cX-
change houses. which agree nent was found
Impossible 70 maintain after the engage
ment on Saturday OF about $1,000, 900 for
shipment 10 London Oh an order from that
center There was little apprehension
aroused in Wall street, however, by the
news that 81 5ro,pou in coin had been
withdrawn from the sub;rcasury FOR ex-
port to Europe
period uf excessive imports o; merchan-
disc which is nov throwing the exchange
situation against Us viii necessarily be
limited by the enactment into law Of
The new customs tariff. The return Of the
gcid that may go OUT now is therefore
confidently expected with the normal mer
chandlso movement later to return. Fur
thermoro. 1t is believed that besides the
large treasury gold reserves. a portion Of
The large gold reserve 81 New York banks
would be forthcoming for export purposes
rather fhau that they should have their
stock OF legal tenders depleted.
The extent OF tho demand hero growing
out q she demand of Japan and Austria
on London Is somewhat problcmatical
But no Apprehension is manifested in Wall
street that the gold exports viii be SUI
hcie-' 20 deple'e the treasury reserve 20
point that would give ground for APP
prehepsion REGARDING tho currency.
The market for Americans IN London
was weak this morning ia the face Of an
advancing tendency for consols. and the
New York market took its opening test
from London. But after the opening loss,
the general market advanced 10 frac-
u-a higher thln Mondays close The
bears solsh; then successfully to stem the
advance by attacks on individual stocks
These selected for attack and the declines
affected IA stocks were; Chicago Gas and
Western Union. ii2 New Jersey Central.
Is. Delaware and Hudson, IA; T. c. L..
as; Leather preferred. ! as and Omaha
IL Tho net declines in those however,
were only fractional. except in New Jcr-
scy Central, SIS. AID Western Union. IL.
Sugar WAS strong force. leading the
early advance, and general rally at the
close. aud showing net gain on the day
c! 81.
Trading In the bond market was marked
by a renewal OF strength and activity in
the Texas ana Pacific issues. which rose
~ and -. per c.nt respectively, The
general market lacked feature, but ruled
generally higher Sales. s76Go0
Total sales Of stock today were 1905
eharcs, iucludiug; American Sugar 30 l00.
burlington. 10 500 Western Union, II 200.