The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-18
AIMLESS AND NEGLECTED
Though the Range Of Prices Was Quite
Wide During the Day.
OPERATIONS CONFINED TO PROFESSIONALS
,ho NANCY Market Is in m Unset
tied Condition and Lonu
Rates Are High.

New York. July l7.-Tnc stock market 20
day was an ainlless aud magnificent affair
excett so far as the dullness aud neglect were
significant of the doubt felt in many minds
over .he money outlook. Operations were
sttieely confined to professional monipula-
ton by room traders. This kind of tradiis
resulted In only trivial net changes, most OF
which wore Oh the side OF lesse5 Tie range
OF prices was quite widr during tic day,
many stock. al one time rising shade over
Saturdays and then dropping from -
icinIs,
! The latter porscn Of the da! was dsvotcl
to tefultory covering NOV .mcnt. which re-
citimed most OF the earlier losses. Even
Brooklyn Transit. which was the center OF
the days weakness, recovered to within IS
OF Saturdays close, bat YIELDED sharply TO
bear pressure III the fihal dealings. LABOR
tiUuhles played large past In tue Jay . mar-
Lel BroOklyn Transit being couspcuuusly al
feCted by reason OF the strike among its en-
ployes. Stocks opened UP oil Is and Man
haitian and metropolitan street Railway were
ketny affected in sympathy, the former los
ing Ia and the latter points. Blooklyl
Transit was vigorously supported by inside
interests anG quickly rallied point, gvin5
c5ort interests, which are supposed to be
large, small opportunity to cover Later the
stocks fell an extreme 9Ll when the news
came that the street car strike in Cleveland
Lad been renewed and 1t was declared this
might presags general sympathetic strike.
Foples Gas and Federal Steel, as being
Flower specaties, were depressed in sym
Tathy with the Brooklyn stocks, Federal Steel
d. topping an extreme ia, New York Air
b. axe also broke H. points and after ybrat-
ink wildly scored full recovery
American smelling upon the decision of the
Colorado supreme court against the constitu
tunalty OF the States eight hour law. the
conflicting interpretations of which led to the
Sllelters' strike, Tin Plate moved up on the
Nige scale agreement. and the advance in the
pr ce of the product. The late weakness in
Itooltlyn Transit and a break in Sugar OF
Ia arly points brought the most active sell
ing movement Nf the day, when net declines
reached point in a number OF cases. In
Guiding the Changers and Atchison preferred
and in New York Central reached lSa The
failure OF the call money market to weaken
IN spite of Saturdays favorable bank state
n ent caused uneasiness regarding the future
Most of the day IS loans we're made at AZ ana
then weakened to per cent only after the
most OF the demand had been satisfied
Rumors Of financial difficulties in London
caused doubt and hesitation In all the world ) |
great stock markets. The rate OF discount
rose TO S24 per cent and demand sterling and
cables here advanced 34 per cent There were
from New York. but weak transactions in the |
local stock market for London accounts were
Insignificant. The absence OF any announce
ment of gold shipment by tomorrow s /
steamer brought on slight recovery OF prices
Bonds were heavy and dun in sympathy
with stocks. Total sales. par value, $780,, OBJ |
The range or quotations on stocks as Rs,
'eived by Cargill G Richardson was as fol-