The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-03-28
lospoN MONEY MAnNEr.
quite a scurry After Required Cash
Is Predicted

New YORK. MarCh Et.--t ne Times FINANCIAL
correspondent cabl,s from Lond m. We shall
have quite scurry nftcr money this wolk,
FOR tho omen market is new very bare Not
withstandtng US lavish cXpenaiture the gov
eminent has gathered nearly &lS1e0.00o 70
its eredit in the bauk OF England or wltdin
about &ls.n 600 OF the total year agO and
the market has loss relatively mucn lese
In tho way Of RESOURCES now than II then had.
AS more busin ss S. up!uE and "a larger
weight Of sscuriti-3 mas to be carried IL
follows that the credit pinch next week may
b. extreme. and shall not be SURPRISED 10
fud that between now and the Both instant
the bank " England has advanced on loans
sn 70 Bsrcn millions The smaller Of these
amounts md the added gums IT has already
lent viii suffice 70 hsld the market IN IT,
ETin after the new dnarter comes In. almost
from MID Aprl Thus the debt of tho mark +
% the bank ~ temporary loans isay $4,000
ee5l the British and lndilA din Gonde paid
ana available fer the Wsrtet say cG.Nh 00i
80 shortage OF &200n 600 u addiio1 70 tle
heavy disbursements for public hcryices. may
he count uncn. so thfi Arm might see fo'
Q short time lower rates Of interest put
thsY can not last and such Us The state ot
ctedit everywhere IN Eprop9 thst YOU vii
d. well to pinv for troubled London mar
ke' an through the snring
After Easter dash NAV be mado 10 try
and renew the activity OF last summer, hut u
can not be sustain herauye tnc credit basis
ie ten narrow for frea dealings ". have -
rssh than We had twelve nonthE AGO. aii9
I'm the new securities created and the nj.
,hncsd prices ~ tho old ones va have about
& too 600 aa0 more in values to carrv. All
NJ ogr credit resrlircey Will therefore he en-
gagged " 20 the hilt
Mc7t dls1uetine ia th' opllapse ~ SO
rallied industrial corporations which have
been created and hulg az the continental pub
lic ~ tho lest thrfc ysgrs AZ hrsi he shares
al the adventures attract o huvers through
the Tree use Of the premium halt. hut this
charm has ceased for som time 10 work
T5dav the French hank End finance hous7
arc Rm0thertd In unBalahle papeV. They
stagger along partly under thu helm OF credit
obtained on bills discounted in London.
The Rice Market,
Dar Talmage's Sons company of New iori
says Of the rice market; The demand hold
to former proportions, and all evidence point
u large spring trade. II might he remark
81 that the chief call in domestic is for h
ordinary TO fair grades. While these hav
hardenod a further Item, thpy appear to b.
regarded as cheap being stAt quite asnia
unGer importing cost OF equal grades IN tor
eign. The larger inquiry vt the moment 4
foreign Is for Java aud Patna bur not q It'll
ig doing IN nigh grade Japan, resent import
- the finest grown enabling nlf exhibit sucl
as has not been seen here for many year
thus knlarging the assortment of this Kind
Acvices from the South note enlargng artiy
ity IN every quarter Receipts az all oca
CCntcrs arc noteworthy really liberal In com
parisOn with any week tie past two months
This Us due 10 better weather aud the improy
inR condition or roads. The puik OF prcseu
rshmgs are said to be sorry lot-fnr from
worthless, however, rs the rice, while unit L
enter grocery channels can be prohtaby use
10 feeding stock.
Telrlage Nav Orleans, telegraphs Louis
ana crop movement to date Receipts, rough
672,0l5 sacks last ycar inclusive Of %
amount carried over 5O2Ol9 sacks
sales cleaned (estimatedl. l63, lti barrels, las
year, ,eT1 barrels; cnarging inquiry an
market firm with further hardening tendenc
o. ordinary 10 fair grades
Talmagc. Charleston. tcicpraphs CAROLYN
ma Fas a. HsaNa Afnfg Il a
s500a harrols: sales, 81 1i0 barrels. good dc
rnand al fnll fOrmer nuntallona.