The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-17
STOCKS SHOWED WEAKNESS
Southern Railways Affected by YcI-
low Fever Scare.
A FEW SPECIAL STOCKS MADE GAINS
Illinois Central and Chicago Great
Western Favorites-Exchang
Market Discouraged Bulls.

New York. September f6.--The stock
market closed this evening at a general
lower Lowell OF prices. after day OF ir-
regularity and constant movement up and
down OF the whole list over a narrow
| range. Quite number of shares showed
a small fractional gain and few stocks
show considerable Improvement, but the
grangers vanderblts, Trunk lines and
Tanscoutlnentai lines, as whole. de-
clined In value during the day. This is
true. notwithstanding the fact that Lon
don was buyer of favorite stocks all
day and the general news as to improving
business and increased earnings of rail
ways continue TO favor advancing prices.
Prices were somewhat higher at the
opening. but llQuidition quickly set in and
prices generally rcceded. The closing out
Of the accounts of a failed firm under a
rule of uhc stock exchange had something
to do with the undertone OF heaviness.
which was manifest all day. The fear OF
Interrupted traffic IN the South from vel
low fever also depressed the price OF rail-
roads in that region AMI, sympathetic
ally. the whole list. The steady tone
m'Inifested In the exchange market during
the day had THE effect of discouraging
hope OF the carly importation of gold and
THIS had its influence in aiding the reac-
ton. This had o. greater effect because
VI tue UtTucfhIlS ten1eHCy oil the money
market, asking rates for call loans being
as high as PA per cent.
Inc marked weakening of the exchange
market IN the last hour of trading served
TO steady prices of stocks to some extent
the decline not only being checked. but
recoveries being shows IN the closing
transactions The rate of exchange in
Paris was weak and 1t seems evident from
tne action of the Bank of England in
maintaining its mi fbh,nim discount rate at
2 per cent in the face of the continued
decrease in Its reserve and Its stock of
bullion that London expects Paris to sup
ply tho first demands of this country for
gold but the Paris exchange on London
recorded fall today which would nat
urally tend to weaken the force of the
New York exchange demand on Paris.
me heaviness OF todays market was
mugated from time to time by the
strength manifested by special stocks.
Northern Pacific issues were at one time
advances. as was also true OF Consol-
dated Gas, Chicago Great Western and
minneapolis and st. Louis stock Most
or them remained at net advance over
last nights close. Consolidated Gas gain
ed points net, after having been points
W during the day. Oother gains were:
Illinois Central preferred, "A Chicago
Great, Western preferred. 3: Erie pre-
ferred. Bay State Gas, Illinois Steel. Lin
seed on, Omaha preferred, a point or
over. The declines extended beyond frac-
lions in the case of Sugar Illinois Gem
trail, Kansas City. Pittsburg and Gulf.
preferred
Transactions in the bond market were
on considerably diminished scale and
prices We're somewhat easier. Total sales
We're or a rar value of about SO, 90
United States new fours were !. lower
DID; United States coupons sold at 125a,.
and registered l26S.
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