The Providence news. (Providence [R.I.]) 1891-1906, 1894-10-09
FINANCIAL NEWS.
The Market Narrow and Stocks Go
Down a Point.
Wheat, Corn and Provisions Dull
London Lower-Decreasc in Railroad
Earnings.
Special 10 the Ye,o,.


NEW YORK, Oct. 9.-The stock market
opened weak. The dealings thus far have
been attended with some little anima-
tion and there has been more
general distribution of business
than for some time past. Manhattan and
Northern Pacific preferred have yielded "a
per cent. Chicago Gas and Chesapeake
st. Paul y. Bay State Gas has
sold down IL to %. Sugar was in demand
in the early trading and Mas advanced 3s,-
but now shows decline of a. Quota
tions are still moving downward.
Cotton futures opened quiet at the ad-
vance sales, 1900 bales. October, b.S9 bid;
November, 5.96; December, 6.07 January,
6.15; February, GIG; March, 6.26; April,
6.31 bid May, 6.37: June, 6.43 bid.
The decrease in the earnings OF Atchi-
son for the fourth week in September was
S23S, 44S. For the month the decrease was
S716,507.
The market is very narrow and on
moderately firm opening, stocks may sell
down point, but any radical declines are
cut of the question.
The Havemeyer's don't change their at
titude toward Sugar stock.
Gould stock will not go off to any great
extent.
There is q strong bear feeling on Rock
Island and good deal of stock has been
sold lately by those in position TO know
the condition of the property.
Wheat is very dull with the crowd
bearish.
Provisions are dull and unchanged.
January pork is buy on breaks.
Corn appears a shade easier on selling OF
the local crowd on larger receipts than
were estimated.
The traders are trying to rally Sugar.
The London market is weak. st. Paul
and Louisville a Nashville one half
aa5f ~ nd fstrn ra raHa All na
list.
The silver shipments by today's steamer
amounted TO ZOO ounces.
Review OF Yesterday in Brief.
London prices came in Irregular and
our market opened very variable with
transactions limited in volume. During
the first dealings the predictions OF the
bears were fulfilled by break
in sugar, the talk last week hav-
ing indicated that the stock
was likely TO be attacked after the re-
covery to So. which was based on shorts
covering. The decline in Sugar also in
fluenced some selling OF Chicago Gas and
during the first hours of trading the
Cammack brokers attacked Rock Island
and the other Changers, the
only strong point being Western
| Union, which was supposed to have
| la the early afternoon the market became
| very quiet, but toward the last hour tre-
mendous raid vas made on Sugar, which
carried the price down TO the lowest of
the present movement, important COM
mission houses of this city appearing as
| large sellers.
ID. CT. was also unfavorably affected by
an announcement made by one OF the
! news agencies that an issue OF s2,5OOOOO
| new bonds had been decided upon for the
purpose OF paying of rebates. The bal
/ snce OF the list was heavy in sympathy
! with the lndustrials but no special impress
! sion was made ON he prices. The closing
showed a loss Of Ak Der cent. for sugar
and declines OF some importance for Rock
Island, &. Il. x O., Reading, ID. {. f.,
\ Chicago Gas and l.. a. y. The new Bay
! State Gas stock which was listed on Sat-
urday was offered down rapidly during
the later dealings and the close showed a
net loss OF "a per cent.
! The speculation was influenced almost
| entirely 10y the movement OF Sugar and
4 the stock closed tonight with little APP
pearsnce Of support and with the ex-
/ pectatiou OF further attacks by
/ the bears. The movements OF the mar
/ ket for the near future are
! liable TO depend largely on the movement
in his stock and the other industrisls. AZ
! the moment further reaction 10 predicted