The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-07-18
MONEY And INVESTMENTS.
Doinas Of Day with Wall Street
Operators
CLOSING PRICES GENERALLY BEST.
81. Paul Reached a High Mark-sup.r
was sold Throughout the scs-
sion-Wcckly Review.

New York, July T7.--Dcalings on the
| stock exchange were In fairly large num-
| befs and the market was strong as a
whole. Liquidation In Sugar worked a
| Fynpathetc reaction In the market for a
short time. but the trading was resumed
before the close by buying TO cover, and
| the last prices ir many cases were the
best. The grangtrs were notably strong
as being likely 10 derive the most beneii,
from the promised crops. st. aPul, Rock
| island, Northwestern and Omaha all
touched the highest points In the present
movement, and ST Paul and Omaha closed
at the top. the former leading the market
IN point of activity.
Sugar was sold all day though no, I'M
der severe pressure and not on violent
fluctuations traders having finally come
TO the conclusion that the situation in the
conference committee was really still TO
be adjusted. II was not until after the
market had closed that the news of tho
asreemen, of the republican members was
received and the belief that indefinite de-
lay was likely to occur was prevalent.
Louisville ana Nashville was a strong
feature In the trading aud was bought for
London account
The coal stocks continued to show
! strength under the influence that has al
iSNAN' Nli'lh WI llAt Nt1H. NV Jtlsty
Central gained a point and closed al S.
the top price and the highest 1t has sold
since early In the year.
The break in the wheat market on re-
ports of cont mental selling was not with
out effect On Naiucs in the stock market
ard contributed to ,he reaction. Tobacco
WIS keenly affected by yhc rcaotionary
tendency and. together with Sugar closed
VIII a loss Of large fraction. Lake Ere
and Westerr preferred also costd a 10 Mt
lower.
a.,
shown by Brooklyn Rapid Transit, ST.
Paul and Starch second preferred, peg
cent; Oregon Navigation Spirits preferred
and Rubber preferred.
The railroad bond market was very act
I've and strong, sharp gains being shown
by some of the speculative issues.
The weeks most noteworthy incident
was the rars ccndNton Of the extraordi-
nary advance IN wheat ana al the same
time most faN orahle crop adVices. TINS
apparently Trustworthy foreign adviccs
showed shortening OF crops that promises
renuneratiVe returns for both the wheat
and corn crops. The grangcE'. which will
benefit largely by ribs stale OF affairs,
were strong The fiscal years exports
reached unprecedented figures and attain.
ed an unedualed excess over imports re-
eardless Of enormous imports anticipa-
tory of the nGw tariff law.
The anthracite roads were strong on the
yacstlng Of the order for an inquiry into
the coal companies methods on the
FTOufpl In1t lnH dnll-LIuEI law WIS uu-
constitutional
The election % Lehigh Valley officials
In sympathy With other large coal inter-
ests gave the stock h9rt'nina 'one In
coal carrying companies here. where.
moreover. there WAS belef In benefits
That would accrue to the anthracite roads
from the bitumiuous strike There was
an early disposition abroad to magnify
the importance OF the soft coal strike.
On "Wednesday. however, London was
fair customer OF America.
The activity of SGaar during the earlier
part OF the week was sustaining iuflu-
ence. The outstand ~ short interests
We're nervous at Sugars persistence aud
and bounds 10 10 as which was above
the record price The suspension of
large brokerage house on the wrong SIDE
OF the market had but slight effect,
Washington rurCors early indicated that
q schedule verv profitable TO the refining
companies would be agreed upon in con-
ference. Suhse auent adviCcs showed
deadlock, with the leaders insisting on
the Dnglcy schedule, and Sugar reacted
on the impression that 1t was certain tho
house oonforoas " ould win. 1t had, how
ever recorded ret advance for the week
of 4 IS
some kindly disposition was shown to.
ward ,,.ilway proreri!es In The Sou South ane
was bettered by. eS. and Louisville and
Nashville by J rs,
The advances and dcclmes MOI previous
~ speclttu o. Pc on nn al n, prooIIvn
Rapid Transit. 394; Fast River Gas. J:
East River Gas preferred. IA Northwest
crn preferred. 4. New Jersey central. 3:
Starch, 2: Starch preferred, Pullman aud
Spirits preferred BROOKLYN Union Gas,
Con Soidated Gas St PAN. Rock Island.
Delaware and hudson, .eadins FIRST pre-
ferrej, Canadian Pacific and Chicago
Great Western 2A l~r cent Losses -pes
MONIES and Fort Dodge 3, Illinois Steel J
per cent.
The bond trading during the week was
marked hy aggressive strength. on extern |
sive dealings. which embraced Il largo !
number of usually dominant securities.