The Providence news. (Providence [R.I.]) 1891-1906, 1894-02-14
THE FINANCIAL NEWS.
Much Bull Talk in Sugar Circles
This Forenoon.
English Railroad Stocks Advancing
Steadtly-National Cordage Affairs
Gossip of the Street.
SneclnI fo Ihs Nelr.


NEW YORK, Feb. 14.-London market is
" better for most all OF the active
stocks. The new committee will prob
ably assess New England stock s15. Rail-
road officials talk blue about the situa-
tion. The Senate committee on Pacific
roads met representatives Of Union
Pacific yesterday. Another meeting Will
be held today. There is some talk OF
increased tax on whiskey. These stories
are all rumors; nothing definite Will be
known this week about sugar and whis-
key tax.
Bull Talk I'm Sugar,
There is great deal of bull talk around
on Sugar today.
Sales of cotton at Liverpool YESTERDAY
amounted to 5000 bales. Fixtures were
dull at 1-64th decline.
There is no especial change in the sit
uation. The bears have put out lines OF
shorts in the Changers, Vanderbilts
aud Western Union, but stocks
are scarce particularly New York Central.
Industrials are firm under the lead OF sugar
but the advance is not expected to go far.
Bonds still in fair demand. The q 100000
northwestern loan by Kuhn, Loeb & Go.
was closed out yesterday. G.s.4
English railroad stocks have advanced
the past 80 days from 4 to II points on
good netIearnings.
National Cordage Again.
1t is stated that change has been made
in the original plan OF settlement
with the creditors OF nth the old
of the first settlement were 60 per cent.
in first mortgage bonds, 10 per cent. In
receivers liquidation receipts and 20 per
ssat sss a5 in per cash cent. In cash 'h'u the be-
majority OF the creditors have accepted Is
per cent in cash and 10 per. cent
in guaranteed stock. The change
of settlement Is considered
favorable to the company as IL releases
considerable amount OF cash.
The Grain markets which were closely
watched yesterday developed a better. tone
after the first irregularity on purchases
by foreign houses and shorts, but later in
the day figures were unsettled although
the closing showed Nh advance
from the limit. For the railway
list. New York Central, Western Union
and the Changers We're rather firmer on
shorts covering and quite an important
movement was developed in Sugar which
was maintained with occasional interup-
tions throughout the entire dealings.
The basis for the advance in Sugar was
report that the committee on finance
would recommend a protection tariff on
refined, estimates on the rate ranging all
the way from x to II per pound. IL was
also asserted and denied that the
Louisiana Senators would oppose
the Wilson bill IL some protection
were not granted refined sugar, but it
could not be learned that this report or
any of the other rumors circulated
through the day had any foundation in
fact, and the latest advices indicated that
it may be some time before the final de-
cision of the committee Is known. Sugar
closed at the best price OF the day, but
elsewhere the market was irregular, st.
Paul declining on sales attributed TO A. }.
We'll and the other Changers working off
in sympathy. The closing showed gains
for Sugar, y. Y. Central, and Western
Union, and losses for the Granger shares
and Cordage.
The late trading was affected by rumors
of wheat failures, but this could not be
confirmed. The grain markets and tariff
calculations are still the important fea-
lures and on these fluctuations arc likely
In httue for Soma tiu,e N come.