The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-02
DUE TO MONEY SITUATION.
SOME RELIEF FURNISHED
A Few Stocks Showed Striking Gains
and the Leaders in Activity Closed
a Point Up.

New York. November The prevailing
unsctilement of speculative sentiment was
well illustrated by the widely diverse opin.
ions expressed as to the effect Of the re-
oewal q bond purchases boy the treasury
the wagerlng sentiment shifting somewhat
TO the optimlst Side late in the day. when
u became known that the offerings Of bonds
at the subtreasury already amounted 10
Sl2s2,ooO, thus promising considerable re.
lief to the money market
II was urged this morning that the sc.
tion Of the secretary Of the treasury might
be taken as a warning ~ the strength In
the money conditions TO come. although
the months surplus revenues Of S9,30l. 052
compared with a surplus last October OF
only SSd51r0d7. gave sufficient reason fer
the outlay In bond purchases without any
regard 70 eztraneons circumstances II
was also argued that the release Of trens.
Sry funds should simply serve to facilitate
the. exports Of gold
The closing 81 London and Paris e,
changes today served 10 obscure somewhat
The question % the foreign situation and
gave opportunity for number OF favor
able incidents TO work wlfh cumulative
force. The result was 5 rather guifnsted
buying movement 80 the last hour. which
turned the market strongly upward ana
few stocks show striking gains ana
the leaders In activity are q point above
yesterday IN number Of cases Baltimore
and Ohio was oonspieuous In the late deal
inEs and II rose ~ without definite news
PENNSYLVANIA had the benefit u the extrs
dividend declaration. thus making the re,
turn Of stockholders 9 per cent for the
call. or the same as last year.
The preliminary figures OF the moving OF
more cash disclosed the fact that the cur
rent q me Interior movement had turned
toward New York. the net gains Is re
suit 81 direct express shipments Smount
Ing 70 Sl,s5e,sI The statement Of sub
treasury operations includes IN ts net re
suits The payments on account " gold Al
Pacific coast points. the transfers Of cur
rency through that institution ard In,
Withdrawals Of gold for export which ef
feet loss 10 the banks Of s3.925.O00 m,
loss IN cash by the banks on all accounts
seems, therefore, to be something owe
100000 for the week. The easy condl
lion OF the gHoey market and the action
s' q tresg Us Is a. PRETTY clear IN
there may be changes in the loan item I,
OFFSET the cash loss
Today's cotton exports were again yer,
nlgn, reaching lOSo0o baies. and the whea
exports Tor the week have run up 70 6,6T0.
90 bushels. II is believed that an activ,
movement o. cotton abroad would be mos
effective towards depressing exchanges ant
enecking the exports OF gold.
There was Number Of conspicuous move
ments ~ less prominent stocks. Mlnneapo
~ ~ ran and saulf ste Marie rose 4
the preferred 10 Pers Mareuette 1 New
York. chlcago and ST. Louis nrst nreferre,
Glucose 25s. National Salt preferred 4
New Central Coal company ana Wells
1f8e = northern Pacinc preferred game
and Great Northern preferred lN.
The local fractions were strong ma IA
koaihtrn Railway stocks, Loulsvilie an,
NaNnrille: New York Central, Hooking VA
ley and the stocks OF car Companies shove,
strength, Sugar Was heavy on the cut ii
prices by competitor and Evansville an,
Ierre Haute dropped a.
Railroad bonds we're quite active ana /,