The Providence news. (Providence [R.I.]) 1891-1906, 1894-10-19
FINANCIAL.
Corn Is Dull and Wheat is Steady
and Sugar All Right.
Special to The News.

NEW YORK, Oct. 19.-One- half million
of gold will be shipped tomorrow by
|, Ladenburg, Thallman q Co.
News from Chicago says that Corn is
very dull, and the on:y trading 10 against
puts and calls. Wheat is steady.
Hopkins Bros, Randolph a. Campbell
bought Sugar, and Wormser d. Pearl
sold IL.
Dick Bros. Il Lawrence, 500, White, 800,
and Faulkner, 500, bought Gas; Moon O.
schley sold.
II exchange advances 10 4.89 q round
million dollars will be taken for shipment
and arrangements TO this e~d were COM
pleted last evening.
Hold Lake Shore and Canada South hern;
the followers OF Ii. q. Havemeyer are buy
ing Sugar on the knowledge that the full
and regular dividends will be maintained.
Drexel, Morgan & Co., Hallgarten Il Co.
and other influential bankers, promise TO
give tangible support TO General Electric.
Chicago Gas rs good for 80; don't lose
your stock.
Willetts Il Gray say in their circular:
Raw ana refined sugar practically un-
changed.
Reiineries still closed or working at the
the lowest point with MEETINGS for
the week at 10000 tons. There
are some 1000 tons raw sugar
coming forward on the presumption that
Sugar would eventually pay duty on its
actual cost without any extra of German
internal taxes.
The Sout hern Railroad expects TO acquire
a few lines down South which will make
them compete with l.. q N, as they will
run into their territory.
1t is expected that Caldwell will be made
president of the Lake Shore.
1t is said that General Electric has no
floating debt.
Cotton futures opened steady; sales
5400 bales. October 5.4S bid; November
5.52; December $50; January 5.67; Feb
ruary 5.73; March $50; April 5S7; May
5.93; June 600; july 6.03 bid.
Review of Yesterday in Brief.
London prices came in shade higher
this morning and our market opened at a
slight gain with the exceptional advance
in Sugar. although trading continued to
be extremely limited in. volume. Dur
ing the early dealings there were indica-
tions of moderate covering in the Granger
shares, Chicago Gas and Western Union,
but Sugar lost all the early Improvement
and treme ndous bear raid was started in
Gen nerai Electric which continued at in
tervals throughout the day.
The selling Of the last named stock was
thought to be mostly for bear account, w.
q. Wheeler and A. j. We'll hammering IL
whenever opportunity offered, and va
rlouS rumorS were current as TO llqulda-
tion OF long stock for an important iuter-
est in the stock, also further gossip i'm re-
lation to poor earnings and sharp compe-
tion in he business.
In the later dealings there was very lit
tie activity and no significant change in
prices except In the case of Sugar which
was advanced during the last hour on
large purchases by r. {. Potter g. Co.
The closing was quiet and featureless with
gains for B. * o., Sugar and some OF the
1udustrials and material loss for General
Electric.
The exchange market was firmer dur
ing the day and In bear circles the princi-
pal gossip turned on the likelihood OF
gold exports. In some quarters IL was
predicted from one To two millions will
De taken during the present week, and
estimate were made of an aggregate
movement amounting to perhaps
Sl0,0O0,0O0 This influence Is the
most important one on The bear side,
VIII lie the bulls are counting on the No.
vemOer elections as likely to influence
purchases OF stock, but in the meantime
the market has drifted into the hands OF
professionals and narrow trading app, ars
to be likely until something definite
develops on the two points above named.
The course OF Sugar Is still very puZZling,
and although room operators are generally
busy on the stock 1t is noticeable that
buying has been OF a good character for
the past few days.
Providence Clearing House.
The clearings of the Providence banks
today amounted to 81 ,036,70