The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-31
STOCKS EXTREMELY DULL.
Market Seems to Have Assumed a
Waiting Attitude.
GOVERNMENT AFFECTING THE MARKET
Receipts Continue to Run Well Over
Those Of Last July and the Expendi-
lures Are Much Less.

New York, July 30--The stock market
this morning confirmed the impression
created by yesterdays market when the
accumulation of favorable factors over the
Sunday slgnally failed to awaken any ac-
tive interest In speculation. Mindful OF
yesterdays experience the traders were
even more disncllned to attempt a move.
ment Of prices today.
The dizziness and slugglshness OF the
market exceeded anything that has been
seen since last summer and autumn after
the fall in prices on account Of the spring
wheat shortage had been succeeded by tle
period Of waiting preceding the National
election. The extreme fluctuations reached
as nigh as a point in only limited num-
her OF stocks and in the general market
the movement was wavering and uncertain.
lhe largest part of the dealings was In
the United states Steel stocks. Rat he
reports In the morning papers of the good
prospects of a settlement OF the strike
were Intellectual TO cause any strength In
d. ssailshed with prospects. however favor
able To n settlement, and were awaiting
for accomplished facts and signed pupers
as a basis for determining the present
value and future prospects of those Sc
curitles. There was a feeling of uncertain
y also as TO how far the strike settlement
h9d already been discounted III the recent
advance In the stocks.
The few desultory advances 10 individual
stocks some Of them in obscure indus
trials. were indirerently held The whole
market sunk more and more into waltz =
attitude. The present ease OF money r. IS
that factor out Of immediate consideration.
BUT the future of the money market and
the cnutiousness of bankers In locking up
capital In long time loals serves rs il
~atring cf possible future contingencies.
lhe course Of the government revenues
IS disappointment to those who hoped
Tor relaxation of demands on the money
market from that source; In spite of the
operation or the amended revenue law the
government receipts continue TO run well
over those of last year, while the ex.
pchditules thus far this month have fallen
more than 100000 below those Of Jnly LAST
year, As 4 consequence the government
dehcit for this month Is only a little oyer
S2CO0,OOO whereas II had amounted 10
Sa'c6o, SD by this time in July last year
me suhrensury at New York has taken
over Xl,0OO,OO0 from the market since Fri
day. For the last week in July last year,
preceding the government interest dishurSe
ments IN August the subtreasury yielded a
small sum to the New York money market.
The nntinuance' of these unlocked for
conditions Of the government revenues viii
materially AFFECT money market conditions
during the period of interior crop demands
upon New York. These doubtful factors In
the outlook discouraged any buying demand
ana made the market soft even to the
bear upon it,
The reactionary tendency gained force
ana the closing was duh and weak at
more f "
There was some early show OF strength
IN me railway bond market on well al
were yielded in the late deailnes TntaI
| sales, par value, $l,125,ON.
Stocks.