The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-31
NEW YORK STOCK MARKET.
Tone Was Weak and Prices OF .
FIuctuating Nature.
CHANGERS AFFECTED WHOLE LIST.
selling Due TO Pront Taking Was
the Cause-Dealings of the Day
Almost wholly Technical.

New York, August 3o.--The stock mar
ket moved IN this MOI ring and down this
afternoon. this weakness being due, appar-
emily. 10 hcovy rIoft taking in the
CHANGERS. which hal moved UP buoyantly
IN the morning. Chicago Great Western
suffered most severely from the Equida-
don and shows net loss of ~. Omaha
showed a continuance OF Saturdays
strength AMI moved up ~. above Satur-
days close but los, It all. Rock Island
alone of the group closed frlctlonaliy
higher
The selling moven ent in the grangers
affected tho whole list more or less, and
many oronsLe mt stocks closed below Sat
urday after having been materially above
al one time during the day. Some Of the
recent speculative favorites had achieved
20 large an advantage that the decline
ieft them something to the good and Mis-
souri, Pacific closed al the best with net
a net gain o. IA and Chesapeake and Ohio
closed Us below tho top with a net gain of
nearly point. Atch!son preferred, West
ern Union and Union Pacific also showed
fractional net gains These are the nota-
bic exceptions to the general showing OF
active and prominent stocks. The iron
and steel properties were al strong There
We're also some remarkable gains shown
in the inactive list, notably Lake Erie
and Western. The common stock of this
railroad rose points and the preferred
q.
cago and ST. Louis also rose points.
In the Industrial group, National Starch
shares sold point higher, the first pre-
lerrcd points higher and the second pre-
ferrcd 10 points higher. Leather preferred
sold up and then sold down, and Sugar
iiuctuated N an erratic manner over a
narrow range.
The days market was almost wholly
technical, the news continuing entirely in
favor of an Increase of prices. London
prices for Americans cam somewhat low
err but Improved during the day. The
buying was on a large scale by prominent
operators. suppeT emed by the execution
OF commission house ORDERS burt the sell
1ng was to take profits, the liquidation be-
SnE encouraged also by some talk of dam
age to the corn crop.
Railway bonds were strong and gener-
ally higher and suffered less from the re-
action than did stocks. Sales were $780,
90.
Government bonds were bid up HON all
around.
Total sales Of stocks today were 75,461
shares. including Chesapeake and Ohio
$500, st. Paul 5000, Rock Island 22,560.
EVENING POSTS CABLEGRANI.
New York, August 30.--The Evening
Posts London financial cablegram says:
Tho stock markets were irregular today
and many stocks We're rather dun because
of dearer money. Americans were boom
Ing, the small priced shares leading and
at the chose being at the top. The same
features still characterize the market here,
| the old generation selling and the young
| generations buying. All depends now ON
| whether New York will be able to sus-
! tain the markets until the former class
stop selling. Speyers' issue the partic,i-
iars of the extens on of the Central Pa
ciflc first mortgage gold bonds. The Ban
! bury committed on the Central Pacific
also issued a circular calling for shares
! and stating that August Belmont, John q
| Carlisle and George Cappell will cooper
| ate In New York
Gold is in strong demand at It's nd
| Russia Is the chief buyer at the moment
| Paris was duh ON the commencement OF
the monthly settlement, and the Berlin
market was steady.