The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-22

Dayss TrsGins showed . rractionaI-
+, ~ akgher Average Of Prices-iar-
] aenisg Rates NJ Exchange.

8oyU 1rooHnB 8noWe9
S, ~ MIXER Average Of PPtces-flar-
As0s =.
v "
Va
New York August 2i.--The dominant
i exndarcv 4, .tncka to-day was still dis
4 sss.. -....-n- th.t ! pdirv tho
AsuctV AeaS.sul'ss' ~ ~ :. = ~. =,
Fact that ths days trading resulted 70
fractionally higher average OF prices.
,y,s,.~. 49, v.rg. f.l,,,v an In Inc vol
g 'scAO was - 81 -.'"ns y. 1900.
unic Of trading and the rally when
brought prices up at tho close was on
r<.v,,>ar.t,xatv tys,ht ourcbaeea NV tho
& $1,000 5000 es 49, :. ~ J, 4 ,c,
enors ihtetos. y coVer ovci cu''u"s. : ''o'
was no evidence OF any reawakcning OF
fha largo sncculativc interest witch has
>''S y, - ~ -, =. -. : : Z -. $500,
cal"eu .ne m .au ior - i'aa, ,.. $500"
For the first time IN considerably over a
month M nm stock ySas sold 10 a total
,-,,.,,,,. !, $500, !. . % ~, st.re. ~ pam
,ssN,ns en-, ne, ,,.s,h .a,ns NJ n. 40 shares
Burlington, Leather preferred and Read
,ry xvera ,ha onyv ..,hcr atocea me aalcs
sns w. wy v'''y os 49, $3.50 80, 80 49,
OF which rcac'icn lV.oW shares Inc crop
prospect was the principal weapon OF tho
4 bears. as IL has been Mi week ana In the
--,,..- -.~-. ! = . . 80, s.,.,f ~. -, 81.
Soiuie'o!l pi'Seiiieu ~ 'ne "''hui A"Ai VI
thu bulls for the time beng from tho
market. they were able to achieve sharp
declines In number or the active stocks
the grangcrs and the internationais pcing
prominent examples In none OF these,
except New Jersey Central and Rubber,
did the fall reach "a point, and the subss-
Qucrt rally on covering more than w;ped
out tho decline. Only In two or thr.e
instances did the net gain reach as high
as "a point Leather preferred was con-
spicuc..siy strong all day on the rise in
the price OF tho product Sugar was aet. .
I've and gained III over the low point
Tho rally EXTENDED 10 tx In the P,ri, :lgton
stock, IL In 81 Paul and Iyopisyilio and
Nashville, and q point In Tobacco and
New Jersey Central
The reaction in tho stock which act IN
latc on Monday hns contInued ur,,ctirallw
without abatement all the week MONDAY
morning looked ike n continuation of tho
which had beer, the charaptrrlstic OF the
market during the proyjuus week Uut II
was only the working out OF orders which
had accumulated in the hands OF the
commission houses over Sunday When
these had been disposed OF Tie market b..
ram TO fnli aud each succeeding day. with
Dflot cxceptf,,n. saw nm av.r,ye ,ict 40.
cline in tht, level Of ,ho marker ,rha
nominal motive FOR the dccIiur was The
alleged damage to the corn crop and the
thrcshing Of tho spring wheat crop In tho
Northwest ,rh ,rc are other conditions IN
the market which may account for the
decline some ~ tina largest intcrcs,a In
the market have realized enormulia pror
its on the iona.s,istained advance and aold
out on the belief tina. q reaction IN order
profit The. profeasinilal bears were ready
"a AID ,bcm with sbort sclllnp ~ tho ma r.
ket There was n feeling prevalent in all
circles that snr,piinilo,s waa talttnr n reck
less tome that budosl no mood fnr thr ~.
t,re n was felt that The Htocka were
getting into weak hands and that such II
state Of affaIrs arrorded an unstable hasia
Ia values ana tho huh iuterost retired FOR
The time beirsg. perfectly wiling to ace a
raactinn mtffIricnt To shake ont weakly
,ravn The TONE ~ IND market and NIT II on
n more pnhstam,inl irsIa. This state OF
mind In Wall street must he taken ac-
count or in properly estimating the I'M
romster Of business conditions In general
Al ,be same time there IL known to be a q
-cpofinous speculatIvc interest IN whcnt on
,vecka r,aa, the stock mnrkot has moved
In r,vrnrathy with tho grain markets re.
duccd crop Yields are huii factor In the
Erann ms ar am ecar mn ,af'q ,ho dome IN.
ssock , ss ear s, ~ ny I'm, s"h y, ,ho o s,,c
marIset is The bear element and IN tho
grain market the bull element should bt
oredence given 10 the repnrta or reduced
crop Yields Another face that has aided
the reaction in the stock market was
.ns,m,d ,sst weo,, to Il" tnnt falling to INK
roid import point last Saturday predic
Hons were frequent that there would bs
WEN Thn sh "r Fo to the fniI In eWeai,s,
rrems to be dur 10 mnnipuiative EFFORTS
on Tho part OF the pank Of England nnt
OF Frcnch and German financial institp
lions yrhe continued low rates ron money
In New York tond to mako eater the Ell
forts of forelsnrrs 10 defer tho now o
eo.d 10 New York. AZ stocks h0d beer
bought on The belief that gold imnort
change IN thr prospect In this rcgar'
1lroud nc an aid TO the rcaotionary tend
ali all sconti,ucd 10 favor "a Increase Q
Values ~ acttiritias An report> sgrc