The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-24
MONEY AND INVESTMENTS.
Doings Of q Day With Wall Street
Operators.
STOCKS STILL ON THE TOBOGGAN.
Day WINS Dull on the street nnd
Prices Were Lower-General Rc-
view for the Week.


ket today was dull and prices made fur
Their progress toward a lower level. Open
ing prices We're generally above yestor-
days final sales, but weakness soon de-
Ncloped on a drive at the anthraci ties, and
after the first hour the bears extended
their operations to the high priced indus
trails. The more extreme declines were
ga per cent in Tobacco 3-s In Manh1t-
tan. rs in Western Union and Sugar ana
i per cent in Burlington, Hooking Valley
and Lacka wanna
The traders affected to consider the bank
Statement as an unfavoraele exhibit on
me decrease IN loans and the further ae-
emulation OF idle money In the banks.
The closing was dull at the lowest.
ne STOCK market for the week displayed
a steady decrease Tn the raao Of activity
ana IN spite OF occasional ISOLATED exhibit
tons of support the main tendency Of
prices was toward lower level The
n 1--we Oh me Week was vaned and inter
estnR as bearing upon number of spec
cla properties and IN many INSTANCES
declines of unusual severity occurred on
selling for both accounts. London stead
ny ,ohered stocks In this market on a
moderate scale.
=, The acknowle iged unsatisfactory condi-
tlon OF The anthracite and htuminous coal
itaders encouraged savage attacks upon
the SOCKS of the companies engaged as
u. nefs and carriers In both industries,
ana the SEWING was attended by revived
ana persistent reports and rumors Affect
ing the financial credit OF CERTAIN proper
yes The result was TO dctnoralize tho
securities affected. and some instances
loans IN which they were held as collat-
eiil sJid out, increasing the distrust. In
az instances official dcnials were as per
slStcnt as the rumors. Hooking Valley,
after slight advdnc" carly in the week,
hroke 50 per cent to 81 and closed at Sli
The preferred slumped 2l2 10 and closed
The bonds of the roads were also sem
snIonally depressed; Long Island drop
ped lOis per cent to ~ and left off at A.
In the anthracite coal stocks I.acka>
wanna rose ~, per cent early. on the MS
taken assumption that the legal decision
IN it's. favor handed dewm at Stroudsburg,
against the New York. Susquchanla ard
western. bore upon the broader litigation
net ween the Compare s incidental to the
| contract with the Lackawanna The stock
subsequently lost all of the Gain. Delaware
and Hudson dropped per cent TO lviig m
anticipation of The preliminary report OF
operlttons for the year 10 IN, submitted
next week. which Will show the necessity
Tor tho reduction IN the dividend rate for
the year to per cent. The stock made a
significant rally. New Jersey Central sold
Off rs TO g9t,
The general llst ruled irregular and at
intervals strength was disoernible In some
OF the speclalt.es and industrials. includ-
ing chicago Gas and Sugar. An sasler
abroad. as reflected In the reduct On OF
the minimum rate of discount ard in that
OF the imperal Iank of Germany OF per
in the bond market.
The special unfavorable considerations
| no,ei. together with bank fG lures in the
| west. caused spectators In stocks to take
ness .mstic view OF the situation Favor
! able conditions. that were, ignored so far
as stocks were CONCERNED, included am
| easier tendency in the sterling exchange
| market ana sharp Investment demand
| Tor government bonds. The bulls are lig-
stocks n N IL IN ION. az n
| sett.emtmt of the rate war and sympa-
,heiic influence of the declaration of the
| initial dividend on Omaha common stock
| Aggregate sales. .565, 663 shares
| The bond market during the week exh.b-
wed general strength on moderate deal
| ings. Considerable weakness was display
ell however, in the issues of the bstuni-
nous coal carrying roads; sales $40 400 900.
| Total sales of stocks today We're Si.0S0
shares. Including Tobacco 12,3oo, Sugar 5000.
| BurNngton $500.
FINANCIAL.
Galveston: Sterling exchange, COS, 81 81
| discount buying. 1-Sc premium selling:
| New Orleans sight, 1-Sc premium selling,
i-Sc discount buying.
! New Iork-Sterling exchange. bankers
| sixties, A,&i49As4ia; commercial sixties
S8it; reichmarks. commercial sixties
~ 1916; francs bankers sixties. s5.lo 3-s:
| New orleans sterling exchange. COM
mercial s4s3,tm4SA Ia francs commercial
Hremi,,,9 - cnn,noarciai nor "'s '''' Si'"'
| London-Bank rate 3is per cent. street
| rate 3-s; silver, 299,d; consols 1lo SIS
NEW YORK MONEY.
New York Janu,rv 93-Ranlx caeo rine,s
| Cc,,oro,,en' n nd ra,arnoj hord, Mr.,
| State bonds duh
| Money on call nonlfiYallv 1isIT2 n<r cent F..
prime mercantile paper sisM4 per cent;
| sterling exchange weak. with actual bust
| ness in bankers bills al 4 S6l, al 81 for de-
| mand and S4IhTti S4a, for sixfy DAYS, most
| Nj rates 4 Sjia and 4 sst6. counerciaj bfls
4 sqiS' ha,, ef,,"r "a 81 ,i,,,nr a,,iG - !.
Syti2 &C.,, ont d,i'r shs' 'oi ~e'''e"'es
| WA 'eN''"' uo'aiS "s'
| x 49, r,,.
WEfkLf BANN STAIEMENT.
New York. January 23.-The weekly