The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-20
THE STOCK MARKET.
DEPRESSION IN CHANGERS Caused
BT THE WHEAT AGITATION
Reports Of Cold weather I'm the
West. csasjnx Danger Of Le.sened
shipping, Was q Factor.

View Ysrk. August Ia.-The stock mar
kes To-Day continued to sh3w itself sens
tive To nns2gcw2tsse Influences to marked
degree. AT no time duriag the day did
the r0igrse OF prices .rEaicsie any sggres-
sivs szrpngth- The EqpsastIon at times
was qSite heavy. especially IN the inter
ss1;t5s2AS AID the zr4Agers- The pr1neipal
factor IN the situation was the heavy
se44.iss for foreign account Of wheat sales
ipr that aSno1Dt being est mated at be
tween -lDp8s AID 90 90 bushels for the
day 81 mitch stress has been ias1 for
several weeks past on the foreign need
fDr cur grain erUp as gsviae the beet RS
suTe1ce Ter prosperity to nae farming pop
u1at1o1 and better times for all. that il
was bot natural that depression
skro1id be caased by the aispositIon OF
Foreigners 70 sell back wheat they have
purchased This deveIs pnent in the ait
eaton gave the greatest aid 70 the pro-
:esss9nai bears. who have been working
- persistentiy Tor q reaction IN the pr!c.
" stocks
Lo12oA sold quite heavily H. this market
Of nearly al o. the inxerratIoaals. An
ppatI oerrtSelIg in1genee was the rspDrIs
~inca are inouat1-C1siy Kept ia c!reIAa-
tsi4 81 continued col1 ae4tner IN ts-
taHlr tNAtAS--st AlA4AEt 81 a lES1Ef1tz Erlls-
lAns wheat er1P 4n1 delay IN the ma
iar1;y OF tins corn croD. Inc Course vi
the exchange market caused dszp poi-E-
mel 70 taose WHO have been lo5lang TOR
warn u .saTly Imports Of gold as an audl-
t-o!-al ball iact0r IN the stSek Inarsef
Art1a4 rates Tor both long and short
ster4ins ross aoout !. N spite OF the Tact
lGzt tao open narhet dss Funt rate In
LozBdcn showed ar caster ter. ana thar
The B4S4k Of England refrz5.aei from aq-
Falac-ug its minimum rats II 14scoGnt to-
cay The foreign selling Of grain AMI
tffs continued selling Of American securi.
ties Tor foreign account helped 10 stllrsa
ex harge rates
The failure Of the Bank OF Eaglaud 10
a'iHa1sce its rate OF discount ~ regarded
Is evidence that no Tears are felt OF az
INN edlate dram Of gold from London
IaeS- combined causes effected cute :
marked reaction in the price OF stocks
seemed - icse its force In snort tune
ness
Supporting orders were found to be
fortncomIsTg at the low points and those
wao had sold out apparently wanted 10
hay stocks again and hold for a rise
sugar was quite prominent feature and
touched a new high record at 80 aiding
mater ally In rallylng the market. 1t SOLD
OF again to near tie lowest. A buying
demand for the coalers late In the day
was also a material assistance IN raising
prices from the low pyo,r.t as was also a
sharp rise IN the prices OF local gas
stocks. The bears raided the msrke,
again Just At the close causing prices
to ease of after the rally. Nevertheless
net losEes. Though general. are for the
most part small. COED traf returns for
the second week OF August from Southern
railways gave n frIner tone to these
stocks and helped TO steady the market.
IlcSses II Z point occurred n Illinois Cen
trai and Lake Shore.
TIE bond market yielded on moderate
realiaatsons IL the specuistionE. The
weakness IN the general market was not
pr onounced and in the late dealings bet
ter tone developed. Aggregate sales, 1850
or
The total sales Of stocks today were 49,
Isl shores. iacluding: Atchison Is 32: Mis-
souri, Pacific, IL go; 81. Paul. esos