The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-30
TnE BUSINESS BAROMETER,
A Iadex to the Condition Of Trade
As Generally.
THE DECLINE IN MONEY RATES,
sUSatish ana Con&Snental Interest Re.
duced-Hselation to American FL
nances-LOyv Price of Corn.
Office Of The Post,

Houston. Friday. January p.
A very important development of hnan
eiai interest last week. as noted in The
Posts cabegrams. was the reduction o.
the minimum rate OF the Bank OF England
TO 81. per cent. after being established al
per cent since October % The Impcria
Bank of Germany reduced Its rate from
8 to per cent and the tendency In all the
financial centers OF Europe Is toward
cheaper money. Idle money has rapidly
accumulated and for the first time with
On the last two years there appears safe
and profitable Investment outlet. Conii-
lions have improved and become more sei-
tied. There are signs OF q general recov-
ery from the weakness caused by the
y combination of political disturbances. the
collapse OF AN inflated boom In mining
shares and stagnation In business in al
most every part of the world.
The softening OF foreign money markets
has already had Influence upon the mar
ket for sterling exchange and rates are
reduced to Il point where the export Of
specie seems reasonably beyond probabll.
ity. With reduct on of rates in London.
a factor In the maintenance OF high rates
is removed and the chances of imports OF
gold are approciably increased. The treas.
~ 80. W ~" s'a"4' "'0'N s'f''''V'
for tho first timc since June. is.i. while
a gam IL recorded each week. London has
not participated in the American market.
principally on account OF the high Inter
est rates prevailing In England. which
permitted tho profitable employment Of
funds. With the Bank Of England rats
AT yer cont. the jo.at stock institutions
established ioAn.ng rate Of ~ yer cent
while yis pesr cent was rail On dpvoelfs ar
,s.ase,'
- !" "" iO'N
- - - .,1'O''s' A'.1 i-,''''i"I nus oeeh
'''"' .'''a '0-''''S
Corn Very Cheap.
Cora sold IN ihs speculative markets
go, p''''a o''' re
cer"eu. MaY deilVerlss wcre offered N
Chicago wednesday at e Csc aad cash
corn At q Ia Siftrr, fbsn ,,rt.,.s h,,.,.,
$50, -. - 49,. - 81
saisre1 amour IH. hut are s-h very low
MaS corn A. &c in Chicago ls % per cent
80 '''' 80 ~ 81 va
n"the'- WIN 'he "hcfp~on OF .asl ychT |
for twenty-five years
..,.,. 'u'' ' ~".1's'
liberal ami With cold ws,ther We win nave
Increased re-e,n,s psor,,c win, mr.. yory /
frot, = ~, e. -, ' ~, H. n i...tmt r'i's
cents Der husbal an ~ wbi,h - a,t,i0s1 /
the pr're, Of course. hut when corn ge's I
~ WIS nisrr ,, oo'2h mAkr m1rh dHNr- /
~. ,r"nt Ky VA naN ar''',s' ~. u "or |
1sts,I1S y, h., b,,tt.h 80 ~ W.. ,,pn,
49, 49, ~ ~ nu''4'i Mnru you cfn nay !
s eu,s, q, ti9S prle on must expect The |
,sh u ~ proseI,t sot'il oilS 10 Do peat
h ~ Hl"N uP7'..'y nave chfnce n |
III, ptn t0. . u, We ie..,-vefg iui'iy You |
~. ~ Nllat Nish 20 suggest 20 YOU T. |
Nj W. n aa DuS .ng y ahn SUCK 70 tla,
Ssns OF TWO. ~ W. %" queec Yn1r n /
I. s,o ~. a. ~ ms year iioss not sen (
~, ,,,c,,' 80 u.sn'i ou aN hn9w how
imagine what thr eon4un5ntion of co-,' /
viii he WHOM BE- worth from ~ IN /
cents or even lrss where y q con. /