The Providence news. (Providence [R.I.]) 1891-1906, 1894-11-01
FINANCIAL NEWS.
London Market Closed Today.-.New
York Central Deficit.
Cereals Strong-Attack ON Chicago &
Northwestern General News of the
Market.
Spfcial % IheNeius.

Special 90 TheNeiUs.
NEW YORK, Nov. 1.-The general stock
market opened firm, the coal stocks being
conspicuously strong. Delaware d Hud-
son opened al an ad dvance of rs d., l.. W.,
IA; N. }. c., Is. The rest OF the market
soon became strong, Northwest selling up
1h, Sugar x sus. & Western "a, w. U. Is,
NEW YORK. Nov. lection futures
opened steady at the decline; sales $780,
Nov. 5.46 bid Dec. 6.47 bid; Jan. 6.54; Feb.
6.5S; Mar. 5.64; April 5.6S bid; May BIO;
June $50; July $3.50.
Oats are dull and steady.
Corn opens shade easier on selling OF
the May crop.
Wheat Is firm and promises to do better.
The traders are all working ON the bull
side OF Northwestern, but the stock does
not respond.
There is another reduction all round Of
today.
Exchange is strong, still 1t ID not i'm
probable that gold shipment may be
available this week.
IL tue market is further attacked today
stocks should be covered awaiting cleo
tion returns.
New York Central for the quarter end
ing September 80 shows q deficit of $96, ,942
and that is with q decrease of 1892 ,998 in
operating expenses.
Russell Sage makes the startling state
ment that the Manhattan will have q
double decked road, with trains running
40 miles an hour. No one believes that
Russell will live to see IL.
The London market Is closed today.
The feature is the tendency OF the trad
ers to rally the list to get shorts to cover
but they 40 not accomplish much.
The Wool Market.
The market is quiet and steady. There
Is no buying to speak OF on the part of
the large mills, but small purchasers have
been in in considerable number, and the
aggregate amount OF all KINDS of wool
taken by them during the week under
review amounts to over 100000 pounds,
| quite 20 per cent of which was domestic
wool. Prices vary little from those of q
week ago.
The sales of the week amount to 1885,
600 pounds domestic, and 504 900 foreign,
making total Of 2, ,292 900 pounds against
| total of 2, ,207 ,250 tor the previous week,
and total OF 3, 81 900 for the correspond
ing week last year. The sales since Jan. l.
1894, amount to 122, 726, ,5S5 pounds, against
80 ,666, 900 pounds year ago.
The sales in New York amount to Az
600 pounds.
The sales in Philadelphia aggregate
1,240, 800 pounds.
Iievcw OF Yesterdays Market.
London prices came in a fraction higher
and our market opened at some improve
strength and also on reductions for
postal rates of Exchange. The talk
among the foreign bankers is not entirely
clear that shipments would be avoided on
Saturday, nevertheless such was the i'm
preston among the traders and the
result was a covering movement of coDsid
erable importance in the coal shares,
the Changers and Chicago Gas. The
course OF Sugar was entirely at variance
WAN the balance of the list, the stock
breaking during the first hour on sales,
which had the appearance OF liquidation.
but below sasharp demand was created and
the stock was marked up to 30 y with the
execution OF a number of stop orders an
important feature. In the last hour there
was reaction OF about one per cent,
leaving the final nrices practically un-
changed from yesterdays closing.
About noon the statement of st. Paul
earnings for September was given out,
showing decrease OF $4,000, and this
appeared TO be the signal fer an at
tack on the Granger group, North
west and St. Paul being the spec ial
points OF attack. Northwest continued
very hesvy up to the close, the stock
breaking to par, loss of over 2h per
cent for the day. Declines of some i'm
portance were also recorded in st. Paul,
the Vanderbilts, but the Industrials were
about steady and the Coalers q shade
higher.
The speculation in Sugar, the Coalers
and Changers was an important feature at
the moment, and fluctuations in these
groups is likely to influence the balance
OF the list. The street was full of rumors
of q reduction of the Northwest divide I'D /,
but nothing definite IL known, and the
selling of the Grangers appears to be gen.
orally based on the outlook for poor busi-
ness in that section of the country. The
grain markets were quiet and closing at a
considerable loss for the day.
Providence Clearing House.
The clearings of the banks OF Provi-
tl,Io Al,G