The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-07-16
MONEY AND INVESTMENTS.
Doings of Day with Nall Stree,
Operators
THE MARKET WAS A WAITING ONE.
Spectators Are Holding n,,,.
congress TO Adjourn-A Very
Large 0vcrsubscription.

New York, July l5.--Thc conference
committee deadlock on the tar.r biu had
counterpart on the floor OF the stock ox-
change today emong the professional
SPECTATORS, the not changes being but
fractional either way in most active stocks
hut for the ryn" being the market has
broadened materially so after a two days
success 1t would seem that spectators
Tor an advance might bo content with not
losing much ground OH the third especial
~ as II is considered probable that the
strong interests with Optimistic market
tendencies prefer a quiet market pending
final action on che tariff. and the presi.
dents currency message, in order that
ultimately their favorites may nct carry
top weight n the advance they fain would
expect when congress adjourns.
The enormous over subscrip,ion-s5 ,0co.-
0vo-for :. 100000 issue of Metropolitan
street Railway londs offered Mt lo5. and
the fact that there were simultaneous
sales at an advance of 81 points on the
,fredt Northern's increased dividend, was
interpreted as certain indication OF con-
hdoncc, also indicating sieody business
recovery in the Northwest.
The Changers, the foremost beneiiciaries
OF such conditions. showed only teinpor-
airy strength. losing their early gain The
l.ANoidpic crop oilloOk cOlNcldcrt Win a
rise on grain quotations had evidently
peen discounted, and st. Paul wac Sub
jected to profess onal pressure. but the
net recession was itrif'ing. While London
disregariei the Bering sea dispure. they
took a less interest in Americans than
Yesterday. selling moderately of St. Paul,
and purGhasinS few low priced shares OF
Louisville and Nashville the latitcr buy-
ing being due to cablcd statements That
che resumption Of dividends Is possible
without the restoration Of wages.
Sugar suffered TO the extent of a point
on repe,itions OF the rumor exploited yes-
terday shat the house duty will really win
IN Tho conference, committee. and again
the possible delay wac depressing, a meni-
her of the committee being quoted as say.
ing an agreement miGht not take place
for two weeks.
Tobacco was manipulated n the early
dealings so as t. recover the 3 points de-
cline: then reacted making small net
loss on the day.
There was lbttIe buoyauey among the
Coalers, excepting Susquehanna and
esltern preferred. which gained u.s. ana
ne common ii rsont the latest rumor he
ing AN European trip OF hnanciers seeking
Enpl!sh help TO purchase control of the
road.
Local gas companies sharply advanced.
Consolidated Gas "a, East River /, East
yer preferred 5i4, Spectators TOOK II
for granted that there would he partial
consolidation OF Greater New York gas
companies, although 1t was not wise TO
OFFICIALLY admit as much. hence the de-
mails.
The average changes were slightly lower
for the day. The changes OF point or
Whereabouts not hitherto specified were |
gains in American Gable. Cotton oil pre- |
ferred. BROOKLYN Rap ii Transf and col |
orado Fuel. and losses In Des Moines ana |
Fort Dodge and Lake Shore,
The bond market reflected in a marked |
degree the general confidence in the iinan- |
cial and commercial situation. Apprecfa- |
tons were gcnoicl in all classes ~ sccuri- |
Ties and the revived demand for the low |
Srade MORTGAGES was regarded as Ndi- |
eating OUTSIDE purchases Options for for |
cign account embraced purchases OF the |
more prominent international Lens. Sales, |
ST. ,I5.00O.
Government bonds were neglected, but |
held firm a; bid prices.
The total sales of stocks today were |
~, SIG shares. including: 81. Paul. 23795; |
American Tobacco, $1,000: Sugar 4S,27.