The Providence news. (Providence [R.I.]) 1891-1906, 1894-11-08

Crippled Condition Of Wires Abridse
Amount Of Stock Quotations.

An Associated Press dispatch from New
York says that the stock market opened
weak this morning.
Following are the openings on stocks
quoted: Atchison, o l-S; N. f., 81 7-s;
Sugar, 81 3-4; General Electric, 81; Chi
63 81. Paul, 63; Northwest, 10l LIZ;
Louisville, SO 3-B; w. u, 81 5-3.
Owing TO the damage to the wires by
Monday nights storm, IL has been i'm
possible for the local brokers to get any
communica ions from the New York mar
ket, except by mail. Late yesterday after
noon q few quotations came throogh by
way Of Boston but they were OF no
especial value.
At Miller a. Vaughan's this morning 1t
was stated that 1t is unlikely that any
thing can be obtained today over the
wire, and there Is q strong feeling among
customers i'm favor OF q buried emergency
wire, If nothing more can be OBJ
tanned. This suggestion meets with gem
eral approval on the street, but 1t 10
thought that however desirable buried
wire might be, IL will be long time be-
fore we will get it.
On Wall street at Is q. m. today Man
haitian was selling down per cent. Sugar
*, Union Pacific, New Jersey Central and
Denver Il Rio Grande preferred and
the other shares traded in smaller frac-
tion. The depression was but temporary
and under the influence Of good buying
an upward movement was begun which Is
still In progress. Advances already made
are New Jersey Central and Lake Erie
Western preferred per cent? Burling-
ton, Rock Island and Norfolk a. western
preferred "a, and Lead "a.
Advance in Manhattan and Canada
Southern.
Bv The Associated Press.
WALL STREET, Nov. Sill a. m.-After
Jn.rE Il q Al I.4
ia Manhattan and Canada Southern of *
and in Missouri Pacific and Lake Erie q
Western u. Speculation then became
generally weak In tone and Sugar and
Canadian Pacific declined A. Market
now weak.
Cotton Market.
BY The Associated Press.
NEW YORK, Nov. S.-Cotton-Futures
opened easy; sales 1900 bales, Now, 5.42;
Dec, 5.44; JAM, $50; Feb, 5.55; March,
$50; April, 5.6i; May, $40; June, 5.75;
July, $50; August $50.
Providence Clearing House.
The clearings of the Providence banks
today amoupted to sl,070,0O0.
Review of Yesterday I'm Brief.
The result of the elections, and especial
ly the defeat Of the Populist party in .
number of the Western States were
favorably received in London in the morn
ing, and substantial gains were recorded
in all of the arbitrage shares. The New
York market opened at q correspond
ing improvement with considerable ex-
element in Sugar, there having been
large orders to buy, apparently for bot b
accounts, but soon after the opening
there was an effort TO realize at the higher
range, and although London was
hnu farta
lead OF Manhattan and Jersey Central, the
first named on the probable passage OF
the underground measure, and the last on
sales thought to be long stock, although
they were made by bear houses. There
was very little activity at the de-
cline, business having been seriously
Interrupted by the damage to telegraph
wires ana there was very little feature in
the market until toward the last hour
when the buying movement was revived
with considerable vigor and prices re-
corded considerable gains all through
the list, the principal instances
in point Of strength being Rock Island,
st. Paul, the Vanderbilt shares, l.. Il N.
and Pacific Mail, but early losses in other
stocks were in many Instances more than
recovered.
Now that the election excitement Is
over the trading is likely to hinge again
on the condition of general business, rail-
road earnings and the condition OF the
exchange market. The assembly of
Congress will also be borne in
mind and it is urged on the bear
side that nothing more in the way OF
news is likely to come out for some time
to come. The bulls, however, are more
hopeful than for some days past, and are
inclined to talk gradual but steady i'm
provement in prices as the result Of yes
terday's elections.
The Wool Market.
The market on the whole has been
somewhat more active than il was week
ago; this has certainly been he situation
in domestic fleeces, of which upward
of 100000 pounds have been taken,
and territorial woods have moved
fairly well at the current prices, about
half million pounds having been dis
posed of. Otherwise there has been a
little trade of all kinds-scoured, pulled
domestic and foreign). likewise a fair
volume of business in Australian wool.
No speculative feeling is manifest on the
part OF buyers; users are taking what
they need; prices are low. Combers evi-
dently want good deal of stock and are
securing it as they have use for IL. Manu-
facturers in general are very busy, some
running overtime, and are for the most
part, converting more wool into goods
| than in ordinary times.
The sales of the week amount to ,452-
500 pounds domestic and $4,000 pounds
foreign, making a total OF 2 1867 500 pounds
against total of 2,292,OO0 for tho
previous week, ano total OF 2,475, 800
pounds for the corresponding week last
year. The sales since Jan, 1, 1894, amount
to 125, ,094.0S5 pounds against 10l, ,141 500
| pounds year ago.
The sales in New York amount to