The Providence news. (Providence [R.I.]) 1891-1906, 1894-01-31
THE FlNANClA NEWS.
Two Big Orders Have Been Received
Mills Starting Up to Supply Wants of
Consumers-Gossi
Speeial TO The Ne,cs.

NEW YORK, Jan. 31.--London market is
unchanged, except Union Pacific, which
is x lower. A meeting of the u. p.
committee takes place today. Some
say plan of reorganization will be
presented, while others say that the
debt towards the government will only
be touched upon. There is no doubt but
that all Gas bonds will be subscribed for
Texas Pacific has paid off all the floating
debt. 1t is rumored that there is plan
afoot to give preferred stock for second
incomes. Attorney General Molony
of Illinois said that he had
been asked to begin proceedings
against the Gas combine, but IL did not
follow that he would do so. He said that
he would investigate the matter. Sales on
rallies are advised.
Electric Works to Start Up.
The employees of General Electric Com
pany have been notified that the mills
will start on full time with all hands on
Monday morning. Two very large orders
have been received this week.
Gas people are ready to buy Watson
ordinance when 1t is secured. III Is ex-
pected that the attorney general will
arrive in Chicago on Wednesday.
Business of all kinds in all sections is
increasing, but the increase Is as closely
limited as ever to the demands OF consum-
ers. There are no speculative operations.
People are feeling their way along with
extreme caution even with timldity.
The experiences OF last year
took so much of their courage that 1t will
be long time before they recover fully
from it, Work is being resumed in the
factories, reducing the ranks of the unem-
plcyed. Sales of goods are increasing and
commerce is beginning to strengthen.
No Demand for Stocks Yet.
There is not ss yet any broad
demand for stocks on the part OF the
public, and the sales OF professionals
are effective in depressing prices point
or so, but always, it would seem, at the
costs of an increased short interest in the
market.
Gossip of the Market.
wormser bought sugar at the opening.
Moore and Schley bought d., G. q F., and
Europe sold 1000 Union Pacific.
Wales & Co., bought 500 Lead. Robbins
bought 500 Gas, Sternberger 500 Gas, and
Moore 500 Gas. Sellers are scattering.
Europe sold 1000 U. p. There is rumor
afioat that the stock is TO be assessed slO
a share.
Harris and r.. bought 500 Louisville &
Nashville. Europe busy selling 1t.
President Cable of Rock Island says it Is
dull enough to make ones hair curl.
Burlington statement for December
shows decrease in gross earnings OF
S,O45, and in net earnings sl46,619.
Operating expenses decreased S501 ,426.
The net earnings of Missouri Pacific
proper for December decreased 1880 COM
pared with December 1892.
Foreign trade continues in the favor OF
America, and last week not dollar of
gold left United States for foreign ports.
Moore & Schley trying to sell Gas.
Hollips bought 1000 Gas at 63K, Holl-
garten bought 800 Gas. Sellers scattering.
Moore and Schley bought 800 Gas at a..
Gas seems to be at the top price.
The attack on Chicago Gas inspired by
threats OF legal proceedings has thus far
failed. That on sugar has better basis,
as the Wilson bill will probably
pass the House. Aside from these the feel
ing is more confident on the large sub
scriptions to the new loan and~a rather
more hopeful outlook in trade circles. A--s
Texas Pacific securities are strong on
rumour that the seconds are to be con-
verted into preferred stock.
There is a good demand for bonds and
to some extent investment shares. Stocks
are generally quiet. Traders are bearish
on Industrials. and inclined TO press them
for sale. j. w. Beers and others raided
ID. &. a II.
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