The Providence news. (Providence [R.I.]) 1891-1906, 1894-10-23
FINANCIAL.
Manhattan Elevated Stock Holders
Will be Happy Very Soon.


NEW YORK. Oct. 23.--For the first time
since the attack on Manhattan Elevated
began, supporting orders will, 30 some
very prominent interests closely identi-
fed with the Vanderbilt insiders aver, be
apparent. People who o-day commence to
Duy Manhattan Elevated will make q
handsome turn within very brief space
Of time.
Industrisis will, 1t Ii promised, improve.
Both Lead and Cordage are good.
The bears on General Electric say that
1t will sell lower temporarily.
There are great many stop orders In
Sugar AT So.
Wheat Is slightly lower and the demand
is good.
II looks as IL the break in Corn was
over.
Worden bought 500 Sugar this morning,
probably for Louis Bell.
LonuOn IL from 1-S TO 1-4lower.
a he 81. Paul September statement will
be out this week and the earnings for the
afternoon Both Will show that
chances are against this road earning
anything like last years dividend.
George Gould says in al interview that
II will take several years to put the coun-
Try back where II was and the revival in
business Is bound to be slow.
a deficit OF S12,0O0,000 is indicated for
The month of October for The United
States Treasury.
ne l.xcnange market continues firm.
frorl present conditions shipments this
week may be avoided.
WABASH ls up on the floating of the
loan.
Hatch bought $40 ID. CT; sellers scat
ering.
Wheeler. Manning Il We'll sold North
ern Pacific preforred.
Sterling Ike hsnge is firm and quota
IONS q shaGe higher.
There Is nothing new in ID. G. f. Some
Dody is taking all the stock offered and
tne buyers are probably on the inside.
Review Of Yesterday i'm Brief.
In consequences, probably, of the reports
~ the improved condition. of the Gar,
london prices showed fractional gain
"a he morning, and the market opened
omewhat irregular. bnt with business
till very limited in volume. During the
irst hour of trading there was a mod
rate covering movement in the Changers,
1ased pro bly, on a theory that there
gas less likelihood OF gold exports
han ppeared TO be the case last week,
sut the lndusirAls, led By Sugar, were
eavyi 10 tone and there was further sell
log OF Manhattan by the regular bear
'fOkers.
During the early afternoon the market
driftcd into absolute dulness with very
little feature aside from sugar, WI ich de-
yeioped firm tone on rumors OF encour-
a ing talk from inside interests in
tho stock. So far as the general
ejaculation was concerned how
ever, the mornings operations were re-
~ssu, sugar noi1l ing Irm and the Gran
-rs declining on bear attacks and also
n stories of an extremely unfayorable
eplember statement for St. Paul.
Manhattan was again soid down by w.
Wheeler and other bear brokers, the
neory being that Mr.. Cammack
sas selling the stock on the idea
zee roads, and also on the expecta-
lon that the continued decline will
ave the effect OF forcing out long hold
ngs. The market closed heavy in tone
With loss of per cent. for Manhattan,
and fractional declines for the Grangers,
&. 4 NJ, aud most of the Industrials.
There was very little change in the sit
letion or outlook and the speculation
Ontinued almost wholly professional in
haracter. Aside from covering by shorts
here was very little feature on
he bull side, although it is to be
ntcd that the bulls were talking
ather more aggre sively on Sugar than
mas been he case for the past few days.
The question OF gold exports was still cx-
rsmely doubtful, but the general i'm
ngession appeared TO be that no shipments
are likely IN any event before the steamers
,ailing on Saturday.
lrcv.dence Clearing House.
The clearings of tho Providence banks
oday amounted TO &, ,022,So0.