The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-07
THE STOCK MARKET.
NEW HIGH PRICES MADE NY SOME
SHARES.
The Heavy London Selling Affected
Neither the List Nor the Ex-
change Market.


today rebomdec from the depression man.
ifested during the greater part OF ycser-
day, many stocks establishing new high
records The volume OF trading was sec
ond only to that OF yesterday In the record
OF the year thus far and the ANNA on
was without Interruption except for a few
brief lulls when profits we're taken Ly
professionals.
Shough the dealings In stocks were In
somewhat decreased amounts compare
,whh Yesterday. the buying of bonds was
heavier.
,,'s efforts OF the professionals to bring
about reaction were abandoned today
almost without restraint excem. for few
SOCKS ana the cOiJdnued large selling of
these here for London account was r-
norei. One. or the stocks in which thu
heaviest selling was done was Illinois
Ct1iral. which showed an advance hero.
There was temporary lull In the ad-
vance of some internati stocks during
the press of absorption of London offef-
mrs. but 1t was resumed when these Of
ferings had been taken. London sales
were estimated at abort $500 shares.
The foreign selling was also without ef-
rect IN III" exchan,,e market. which sank
heavily. actual business for demand stcr-
ling being done at 1854 and Tor sixty days
- i.rl. with III" tendency stiil downward
Posted rates were also reduced iac 10 1856
for lorg bills and 4.T for shorts. The
failure Of the London selling TO affect the
exchange market led TO some surm.ses
that ilpe sellir. IS for short account Skill
ed estimates place tie American stocks re-
mainrg In the London market at Il very
low figure.
The recovery In the wheat market had
u susla ming effect in tho stock markef
most pronounced III the grangers AMI cs-
recia'ly IN st Paul, Burlington and Chi
caSo Gredt Western Yesterdays good
ferort Of earnings Of Southern railways
continued e c~ert good influence on thu
stocks OF those roads
The stocks OF Iron and steel companies
reflected nm approved feeling in those
Trades Leather preferred rose on encour-
atinp repo,ts Of prospects in the leather
trace. Consolidated Gas ard Chicago Gas
retained theii rather hetvy tone. Though
losing with fractional net gains. sugar
CLOSED with a ret loss of rs.
Manhattan rose tuoyanty on reports of
q umon with surface roslds. the net gain
being ~.
Earnings of importance were: Laclede
Gas preferred 6le Minnesota Iron g. Pitts
burg Cleveland. Cincinnati, Chicago aud
~; Louis preferred ga. Pullman 4, Mani
points or oyer IN Northwestern prefer
red. Detroit Gas. Illinois Central illinois
steel. Metropolitan Traction. Southern
or aac ever AND ,,,nI nrs5errsd and point
Western. es Mo4l,es and Fort Dodge pre-.
ierred; Erie second preferred, Flint and
PeTe Marquette preferred, Iowa Central
preferred. Memphis and 81, Louis secodd
preferred, New Jersey Central, New York
Central Susduci anna and Western pre-
ferred. Pullman Palace. Tennessee CcIf.
rubber preferred. St Louis and San
Francisco first preferred and st. Joe first
Values Of railway and miscellaneous So
curAies continue to trend upward in
heavy purchases which include a number
OF gilt edge liens The md Idle and low
priced mortgages scored the most note
wor nv ch9r,G-S, with Foreign purchasers
Government bonds showed some irregi-
larity. but closed firm on light trading.
AZ srlCS rf Siccks today were Isl go
shares, including Atchison 2lSo, st. Paul
1880 sugar 1S@I.
EVENING POSTS CABLEGRAM.
New York. August 6.--The Evening
Americans doomed today. but use the
word In the sense of New York and con-
tlnental buying rather than any real rush
for the stocks here. The professional
pubic here realized largely yesterday and
the continued advance In prices In New
GUS about reopening transactions. Today's
gains are a further advertising of the
American market which ~ the chief tonic
OF conversation among financlers New
York exchange Is watched closely and
We're 1t not fer the enormous shipments
OF stock TO New York gold movements
would be looked for soon. AS It is Amer
lean bills for delivery ten days hence
are largely offered and shrewd operators
would rot he surprised to hear before lon,-
that New York had engaged gold Today
gold Is IN strong demand for Austria, but
l am told that the requirements in that
quarter may terminate soon. Paris and
Berlin were firm.
NEW YORK MONEY