The Providence news. (Providence [R.I.]) 1891-1906, 1894-10-13
FINANCIAL NEWS.
Stock Market Quiet and Firm-Lon-
don Fractionally Better-sugar Ma
nipulation Not Yet Over.



NEW YORK, Oct. 13.-10:l5 a. m.-The
stock market opened quiet and firm.
Sugar lost "A, but quickly advanced u.
Bay State Gas Is weak and has declined
1H TO 21h. The other changes are unin-
teresting, being confined to the smallest
fractions.
Cotton futures opened steady at the ad-
vance; sales, 1900 bales.
October 5.67 bid, November $40, Dec.
BIS, January 5.S4, February 6.O, March
5.95, April SOS bid. May 6.06, June 6.12.
Sugar will probably work lower as the
manipulation Is not yet completed.
Chicago Gas is good to hold and the
best informed insiders say that it will
reach 80 before IL rests.
The market continues professional.
The Commercial Bulletin OF Boston says
owe have positive knowledge that gas
combination of large proportion Is form
ing and 1t need surprise no one to see the
Standard Oil Company in control of the
gas business OF all the big cities in the
United States"
Traders bid up Rock Island on account
OF the large amount of money they are to
receive from the Minneapolis roads.
There have been 231 failures this week
In the United States as against 1893 for the
corresponding week last year.
London is II better.
The large odds offered in favor OF the
Republican candidate has led to covering
OF shorts and q feeling that the market
will do little better.
Review of Yesterday In Brief.
London prices came in a shade lower
and our market opened in the main firm
with business, however, further re-
ture in the trading aside from
the Industrials. Sugar was opened
higher by the cliques and advanced fur
ther during the early dealing, the move
ment continuing until the price touched
the eighborhoo of So, but here the
buying was checked and for great
part OF the day fluctuations ranged
between S5 and So. In the last hour there
were sales attributed in some quarters to
refining interest which carried the price
down to sl, leaving the final only frac-
tion above yesterdays closing.
For the balance of the list Chicago Gas
was generally firm in tone early in the
in the Granger shares ed by c. B. & q.
and st. Paul There was no speciel
news to explain the advance in these
properties and ii was thought 10 be a COW
ering movement in the room aided possi-
bly, by a manipulation of the Keene party.
In the last hour there was some selling in
sympathy with the decline in Sugar
but the market was generally
SO limited that little impression was
made on prices. The closing showed
fractional gains for G. b. d O., st. Paul,
Rock Island, New England and some OF
the Industrials, while L. d y. and West
ern Union were unchanged.
Nothing was heard of gold exports and
the steIiing exchange market was report
ed a shade weaker, but there is some idea
that gold will be taken during the COM
ing week. The buying was based some
what on talk OF an election boom, but
generally speaking there has been very
little gossip and the fluctuations have
been principally dependent on operations
by professionals. The course OF Sugar Is
still reported as being the most important
influence on turns in the general list.
Providence Clearing House.
The clesrings of the Providence banks
for today are 81, Ola 300. The total for the
week is 80, ,271 800.