The Providence news. (Providence [R.I.]) 1891-1906, 1894-11-03
FINANCIAL.
Election Day interfering With
Heavy Dealing.

Special 20 The NelCG
NEW YORK, Nov. 3.-It Is confidently
stated that the Manhattan report for the
quarter ending Sept. 30, will De very poor.
The net earnings for the quarter OF L.. Il
N. lacked only $4,000 OF being per cent.
pei annum on the stock.
The sugar company has sold more sugar
upto Aug. ID this year than In the entire
year 1893
The covering In N. w. and st. Paul is
thought TO be for Cammack.
There was some good buying OF Pacinc
Mail. srhs bears thought the shorts
would be all covered before election and
there Will be nobody to buy afterward.
st. Paul for the fourth week in October
decreased f295, ,634. Trade reports are not
very good.
Advices from Chicago state that Corn
opens easy on cold weather.
1t is showing hard in Minneapolis, and
local traders are free sellers OF May Corn.
Wheat opens easy under offerings oil
long stuff by buyers Of yesterday.
Buying is against Oats, steady, and
Provisions are easy.
Hubbard, Price Il Co. are Offering S4O,-
600 against 100000 that Hill gets elected.
1t is not thought that the Sugar state
ment given to Massachusetts, authorities
and filed in Boston yesterday gives one
iota of information.
Rock Island for October shows q gross
London Is upto q ;banks are still giving
cash and bonds are selling well.
Louisville o. Nashville advanced " and
there was q recession of a similar amount
in Canada Pacific. Delaware IL Hudson
gained z and Sugar, which had receded x,
rallied y.
Cotton, futures opened barely steady at
the advance. Sales 6l00; Dec. 5.5S; Jan.
5.64; Feb. 5.69; March 5.74; April 5.79;
May o.s4; June 5.9l; July 5.95.
Review of Yesterday In Brief.
The death OF the Czar apparently exer-
cised no influence in LONDON yesterday
morning, prices showing a considerable
advance for ar oitrage shares; the market
opened with a corresponding improve
ment, but with business somewhat re-
duced in volume. The chief interest in
shares and Western Union which
moved up on foreign purchases
and covering by shorts, and
also in Sugar where the usual amount of
manipulation was apparent, first on the
bear side and then on the direction OF
higher prices with the final about half
way between the two.
General Electric was also firmer on light
transactions and Pacific Mail developed
unusual strength and activity on further
rumors on Panama alliances. In the
later dealings there was q
ucCItast III pOlut VI dC-
tivity, the interest in the approaching
elections tending to check trading in the
market, and aside from a raid in Jersey
Central and a sharp advance in Alton q
Terre Haute on rumors in correction
with the new bond issue, there was
very little feature in the specula-
tion and prices were allowed to drift
nnder manipulation by the room traders.
The closing showed slight gains for
Northwest, Delaware Il Hudson, l.. Il n.
and Western Union, and fractional losses
for Jersey Central and Sugar. There were
no engagements of gold for export.
AS the speculation will be interrupted
early next week by election DAY with the
attending excitement, it is thought un-
likely any movements of Importance will
be inaugurated, but the future course
of prices is thought to be
still largely dependent on sugar
manipulation and gold exports, and to
this must be added developments as to
the Northwest dividend. At the moment
covering by shorts appears TO be the most
important influence.
Providence Clearing House.
The clearings of the Providence banks
to-day amounted to s727 ,050; for the week,
s5,t46,700.