The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-11
ARE ] | e LOOKING FOR A SURPRISE
THE BAxk STATEMENT roDSy Is
THE ITEM or INTEREsr.
rate for Cali money showed widc
Observation-Disclosures Was on
n Large scale. asa

New York, November ic.-Tho early part
OF tho day In the stock market was given to
a continuance OF throwing over OF stock
holdings which wcro In evidence. iiauida'
ton was on large scale aud embraced all
tho departments The ndustriais showed
tho vinest changes put tho selling OF stand
arJ ia.lvay stocks Was iuiy cQuM "a
anuunl herr was no stock OF sroup V'
stocks which took q conspicaous piaos ap n
from others, unless 1T might be said ina,
the Iron and steel stocks We're relatively
somewhat nrmcr than the general INST Inc
same might bu SAID Of northern racine anu
Union Pacific. Declines at the low point
exceeded n point for many standard railway
shares and in few cases reached upward
OF , points. Leather after u break OF points
rallied somewhat and retired into the back
ground OF the trading, transactions In II be-
ms small Tor tho remainder OF the DAY
sugar and Manhattan were weaker than inc
balance OF the LIST, but they rallied WIN
considerable vigor. The latter part OF the
day was given over to gradual and very
general recovery OF the part of tho earlier
declines. Much Of the leading railway stocks
rallied fraction and some of the specialues
between : and 10 points. The money outlook
dominated sentiment ON the stock exchange.
Banks continued tn call loans for large
amounts. the rate for call money opening AZ
IL and running up TO Is per cent. Large
amounts OF stocks held with borrowed money
wero thrown on the market. After each
successive period OF liquidation the market
ing the afternoon the rate for call money
dropped off MS low ~ 3 per cent, and the
demand for stocks developed. which caused
! the regeneration In prices TO the ciosng
level, Tho usual preliminary estimates of
j the weeks cash movements show rather
! smaller shipment to tho interior than had
/ boen estimated, though the loss 20 the sub
/ treasury of $4,000. 000 was up TO anticlpa-
tions. Tho weeks net loss in cash Is lg-
4 urcd at over si.oo0ooo from all causes The
/ easing N the money rate In tho day arved
I 10 amelioratc any dread that tho statement
i should show an increase in deficit The loan
4 contraction during the week has been large.
| There has been r,imor on the door of the
1 exchange that tho bankers resources had
been increased by means OF rash deposit
by institutions in New York City with n
: view TO relieve tho situation. This r,mor
could not he traced to any authentic source,
/ but tho affected sentiment on the stock cx-
( change and inclined speculative operation Ia
4 look Tor smother surprise in tomorrow's bank
4 statement. The stiff money rate resulted in
!, further drop In sterling exchange rates.
, which was assisted also by the buying III
stocks hero for London account est mated Mt
, high as 80 ora shares. New York OK
, change at Chicago rose again TO par, but az
Now Orleans the exchange continued to rule
against New York Prices OF bonds moved
> in sympathy with stocks early In the day
| but failed to respond to the late recovery.
!, Total sales. par value. $s13,o0o.