The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-26
OPENING WAS ACTIVE;
CLOSE WAS VERY DULL.
Call Money Has Now Resumed lie Mo-
NAL Rates, Surplus Reserves Arc
Large, Yet Trading Is Light

New York October % The stock mar.
kct was active and generally higher at to-
days opening, but later relaosed into ex-
treme dulinesa and failed TO make any re-
Spouse 70 the very favorable bank state
ment In the carly operations advances
were scored By Baltimore and Ohio.
Atcblson, 81. Paul Reading Norfolk and
Western, Union and Southern pacihcs, MS
well as by Colorado Fuel and Amalgamat.
cd Copper Elsewhere the list displayed
little animation aud no material changes.
The Could stocks later became feature
by reason OF their strength. and there
Nns some good buyiuV OF Texas and Pa.
cidc Wabash common and ST. Louis South
western. The dealings in Colorado Fuel
gave rise to reports Of connective buying
and that stock was again the feature OF
the DAY In point OF activity. though It
closed With a fractional loss. Improvement
shown by Canadian Pacific was due to In.
crossed earnings and Chesapeake and
ohio held steady. In spite Of an adverse
showing The strength Of Cotton on re-
suited In the belief that consolidation
with another kindred company would be OF
great benefit to It only Most OF the IA
Norable comment was heard regarding the
bank statement and traders were Mt a
loss to account for the selling movement
which set IN with ITS publication. The
Abatement was regarded as a very correct
exposition of local dnauCiai conditions
me gain i'm cash was fully up TO cXpectu-
lions, but the loan increase Cnme rs u
surprise, and was doubtless due to some
or the week syndicate operations The
increase Of over S12.9NO COO In gurulus rp-
serves was especially gratifying and liza.
huiticS OF the associated banks proved 10
De within SIIOO.0pD Of their resources
The market closed somewhat unsettled and
very dull Net changes showed improve
ment over the previous dav. but with the
execution Of the movements In the speciul
classes, this Including CHprado Fuel Con.
S"uaated Gas. North American and New
York Air Brake. gains were chiefly frac-
ttonnL Tho davis business was bnrelv in
excess Of 100000 shares Sterling exchange
was quoted Mt q slightly higher figure. hat
no Importance was attached TO this fcst.
ut' nc nominal rate for call money was
-l1 per cent Tho subtreasury paid out
Sln.OW Tor account of San Francsco and
received, the slme amount for transfer to
Tho week was barren Of important devel
opmenta, TIE chief features being the light
NnlnWc m business. partly due to t1a
strength Of foreign exchange. which cnuspJ
g,ounoless ie9rs OF early gold exports, ard
absolute poucity ~ public Interest and IA
vague Keeling Of upessilcss. resulting from
Diverse Iumors n growing unrest In tho
labor world. This Inst was one II ,be most
Glsq'hetlng elements IN the speculative stu
nu"', although tn political outlook Misc
came I'm for much serious confederation Tho
SOIL Interests. while apparently ever. isinc
mo depressing measures, seemed determined
To check any concerted move for higher
urlcos and nctvity vas shown only bv n
few comparatively unimportant issues In
which certlin pools we're believed 10 no
fhleuy interested Unsuccessful Efforts
we're MADE carly In the week TO create
demand for some Of the minor reorgonized