The Providence news. (Providence [R.I.]) 1891-1906, 1894-11-22
The Sugar Outlook.

laDle 10 DC anecIeu.
The Sugar Outlook.
Sugar was affected this morning by the
weakness in refined stock. The difference
between the German granulated and GEN.
trifugBl has been gradually spreading
until now it amounts to only about
IL cents on 100 pounds This
does not pay for one half the cost OF re-
hning and could not exist but for the fact
that refineries are winning with sugar
purchased before the ad valorem duty was
added. Some of the dealers think that
the prices of German refined and centri-
fugai Will come together before the pres
ent tendency is over.
Sterling and Moore q Schley bought
and Black, Hopkins and Halsey sold
Sugar.
Boston is selling G. b. & O., and London
is buying st. Paul. The Changers are a
sale.
The increase in the earnings OF G. c. @.
and st. Louis for the second week in
November was s14,45S.
Wheat Statistics.
The figures for invisible wheat holdings
Of the entire country at the first of TINS
month was 56,000,009 bushels smaller than
last year. Including the visible holdings
the total is 100000 below that OF a year
ago.
The market is steady. Prices are being
fairly well maintained. A good deal OF
wool is quietly slipping away from the
warehouses. Manufacturers are generally
conceding that wool is cheap, and a vast
amount of IL is being utilized in these
days in the production of American
woolens and worsteds, which are cheaper
than any foreign goods OF the same quality
yet shown. - -
"A. - L. IL Il,
600 pounds domestic, and $4,000 pounds
foreign, making total Of 2,919,000 pounds
against total of 2,770, 500 for the previous
week, and total of ., $4,000 for the cor
responding week last year. The sales since
January 1, 1894, amount to 130, ,7S3, $50
pounds, against 100, $4,000 pounds year
ago.
The sales in New York have amounted
TO 633, 100 pounds.
The sales in Philadelphia have amounted
to ,056, 800 pounds.
Cotton-Futures opened steady at the
decline; sales 500 bales. December, 5.44;
,January, 5.60i February, 565i March,
July, 5.92; August, 597.
Review of Yesterdays Market.
London prices came in Irregular and our
market opened generally firm in tone
with business very limited in volume,
position 10 wait for action the
{. B. q @. dividend. The trading in
Sugar was perhaps the most important
feature OF the early dealings, the stock
advancing easily on purchases, apparently
Tor both accounts, and although there
was some hesitation in the neighbor-
hood OF 81, the stock held firm, and even
advanced later in the day when all the
other active shares were declining. The
course of {. L. d q. was extraordinary,
tho stock holding steady in the neighbor-
hood OF "a, then aiterward there
was sharp squirt, followed by the
announcement that the dividend of
Ia had been declared. After a short in-
terval, however, it was discovered that
this was mistake, and that as matter
of fact the dividend had been agreed
upon at the rate OF per cent, or at re-
duction OF Il from the regular
rate. As considerable stock had been
on {. II. K q. and on the balance OF the
list, was naturally very unfavorable,
and operators for 4 accounts rushed
into the market TO sell at what
ever prices could b obtained. As
result 9. b. & @. ,.id down to 70B
and there was also free Offering Of North
west, ST. Paul and, indeed, most OF the
active shares. sugar WINS the only exeeP-
tion, the stock mol only holding firm
during the first break, bat even au-
vancing during the last hour and
closed at gain OF 1ss per cent. for the day.
G. B. 81 q. lost 2s4 and declines OF i'm
portGnce were recorded "a the other
Changers shares, the Coalers, Southern
Railway preferred and COrdage.
Providence Clearing House.
The clearing of the Providence banks
today are S732,50O.