The Providence news. (Providence [R.I.]) 1891-1906, 1894-11-14
FINANCIAL.
A Poor Telegraph Service
Again Today.
Special to The News.

Special to The News.
NEW YORK, Nov. 14.--rhe managers OF
Western railroads say tha Judge Brewers
decision at Omaha Is decided victory
Tor the roads.
n. Il. Ream of Chicago, says: al do not
feel bullish on securities; there is nothing
in sight TO base bull boom on"
Pittsburg coal operators say the pros
pect in very favorable for another great
national sttike OF miners.
Providence Clearing House.
The cIsarings OF the Providence banks
today amounted 10 u, ,222,sOO.
Review OF Yesterday i'm Brief.
The Atchison report was apparently
favorably received in London and prices
there showed aconsiderable Improvement
for all the arbitrage shares, Erie leading
on gossip of progr ss in the reorganiza-
zion. Our market opened at corresponding
gains with moderate degree of activity,
but there appeared 10 be no especial en-
thusiasm on the bull side, although the
indications pointed pretty clearly to a
Government bond issue within short
point of attack after the open
Ing and under selling, mostly by traders,
was carried down TO 81 1-2 before opposi-
tion was encountered. From this point
there was a rally TO the neighborhood of
90, and then during the last half hour
he bears took hold again and raided
il successfully to the low point OF
the mornings dealings, the close showing
loss OF 1H. For the balance OF the list
st. Paul was bought by London in the
early dealings, but later this stock, to-
| gether with the other Grangers
developed tendency toward re-
action, and in general the market was
inclined to be heavy In tone with dealings
very limited In volume. There were some
exceptions, however, IN The afternoon
trading, the most important features
being Western Union and New England,
| both OF which developed exceptional
strength and closed az a fractional ad-
vance for the day. For the general list
| final changes were as rule fractional and
mostly in the direction of a lower range,
| but exceptions were noted in the case OF
| Western Union, Lackawanna and New
| York q New England and Cordage.
II the gossip of the street IL TO be be-
| iieved, the circular calling for an issue of
| Government bonds will be issued this
week, and the prelimiuaries as to price
under discussion Tuesday. The
short interest having been mater
tally reduced in the few days after cleo
tion prices are beginning To sag again and
the reaction is expected to go further,
especially il Sugar does not rally from
| the present range. There is very
little change in the general situation or
outlook, and future turns appearto de-
pend largely on the impression created
here and abroad by the new Government
bond issue.
The wires are in very bad shape still and
| the brokers cannot get much gossip and
! only obout one half OF the opening quo
tations. The Board OF Trade did not get
| q wire until IL o'clock.
WALL STREET, Nov. 1t.--The stock
market opened irregular but in q maioritY
of cases the first prices made small frac-
al he.
only decline above "a however, being 3-4
in Pacific Mail. Sugar rose 3-S
and few other shares 1s and a; but
| speculation soon became heavy all around,
Sugar receding rs, Cordage preferred "a,
Western Union and Chitsgo Gas y and
Burlington and st. Paul e. The market
is still depressed.
Merely Fractional Advance.
BY TIE Associated Press
WALL STREET, Nov. II. - Shortly
| after IL O'Clock he market began TO i'm
| prove, but the advance made was
merely fractional, Manhattan leading with
gain of rs per cent on rumor
| that the annual report would show that
the per cent had been earned on the stock
in the last fiscal year. Sugar and Leather
| preferred moved up y aud Tobacco pre-
ferred and Cotton Oil preferred / per
cent. raid on Sugar sent that
STOCK down Ia per cent. ana Lne
rest OF the market also reacted, Chicago
| Gas, Rock Island and Tobacco p'fd reced-
ing y, New York Central and Burlington
| u, Manhattan, Northern Pacific p'fd,
| Cotton Oil and Bay State Gas q.
New Jersey Central and Illinois
Central Is; Delaware, Lackawsnna
] and Western p'fd /, and Pitts burg G. G. &
| st. Louis p'fd2. Toward noon Bay State
Gas rallied "a and Sugar "a the latter
| losing y. Speculation now is heavy.
Sales up TO noon l. s, 100 shares, including
81 500 listed and % 200 unlisted.
The Largest Subscribers.
BY The slciated ress.
| NEW YORK, Nov. I4.-It is believed that
/ the largestsu bscribers to the new Govern
ment loan Will be Drexel, Morgan & Co.,
the United States Trust Company, the
| Union Trust Company, j. & w. Seligman,
| q Co., Brown Bros, Kuhn, Loeb 81 Co.,
ana Speyer u Co., some Of whom will act
as agents Of English and German tinan-
! cial institutions in subscribing for the
| bonds. This accounts for the weakness
| in sterling exchange and reiehmarks.
Cotton Opened Firm.
NEW YORK, Nov. 14.-Cotton Futures
| opened firm; sales IL, 500 bales. Nov., $50
bid; Dec, 53i; Jan, b39; Feb, 5.45;
March, 5.5l; April, 5.61 May, 566; June,
5.73; July, $40 bid; Aug, o.S2.