The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-24
WIN Prohibit Export.
THE STOCK MARKET.
HUMORs OF GOLD IMPORTATIONs
SENT PRICES UP.
but support Appeared to He with
drawn, md There Was Decline
Below Wednesdays Close.

New York, September 23.--The recovery
In prices which began yesterday was con-
tinued today during the earlier part OF
the session of the stock exchange, ard
the advances OF all stocks was apparently
in full force again until the afternoon,
when the support appeared to be with
drawn from tho market and prices fell
away to a general level below last night $
close. The rise was stimulated by the
announcement that a local bank had en-
gagged $l,000Oo gold In FIance for importa-
tlonl to tn country, making a total with
yesterdays engagement of $2,500,00O gold
to arrive. Receipts of gold reported from
San Franc.sco as arriving there from
Australia Also lhSped the recovery, The
action of the Bank of England in advanc-
Ing It's rate of discount J. to "a per cent
WAS anti ,pated in view of the continued
depletion of its gold holdings and the ad-
ditional strains of yesterdays withdraw
ais for shipment to this country. Yester-
days rise in prices had stimulated the
placing of some outside orders with COM
NILSSON houses and their action was the
sustaining factor during the morning. The
strength of sugar. which rose nearly 4
points on the reported intention of the
treasury department to apply the counter
Vailfng duty on Dutch refined sugars
helped along the rise. There was support
afforded to the market all through by
heavy buying of some of the bulls who
Inc effect Of the gold import movement
was largely disslpatcd during the day by
skeptlcism as to It's natural character.
The exchange bankers who usually handle
movement AZ and
export were unanimous In the opinion
that with the ruling of the sterling and
continental exchange here and of gold in
LONDON and larls there was mo profit in
uivst ca thcn would indicate quite heavy
loss on the operation. Much curiosity was
expressed as to the identity of parties TOR
whom the hailk was making the immoral
tion. The IA lure of the exchange market
10 hafdtgh under the announcement was
quite noticeable, The advance of the
morning ranged from TO p5ints In near
~ all of the active shares. Besides the
sharp rise in Sugar, Cons, lidated Gas at
one time was 6A points up and Brooklyn
Union Gas nearly points. There were
otner gains exceeding the average. but
none OF themdwere retained except Hook
ihg Van, y. Delaware and Hudson, Pitts
burg, Big -Four. LaCicde Gas and Susoue-
hanna and Western preferred which
gained poirt or over.
The losses also which were numerous
were conilned to fractions, except in the
case Of Brooklyn Union Gas and Baiti~
more and OHIO among the active stocks,
Aniohg the less active sto ks, gains of
point or over We're shown by Cotton oil
preferred Norfolk and Western preferred
Oregon Navigation preferred and Phi,
man Runners were dissipated late In tho
DAY that further engagements for gold for
import had been made. but they exer-
csed no influence.
Dealings in bonds showed n falling off
IN yolume and prices moved In sympathy
90
Total sales stocks today, I5i ioD shares
including Reading, 26, l61; Sugar. 7aao |
Union Pacific, 5l.S20. '-''-''
Vlos'ut auo at,ons On ooads Mt Now Yosi TO-DAY