The Providence news. (Providence [R.I.]) 1891-1906, 1894-08-24
The FINANCIAL NEWS.
London Market Stronger Today Big
Internal Revenue Receipts.
Sugar Dangcrous to Play With Boom
Talk In st. Paul, and Canada South
ern-Gossip of the Market.


NEW YORK, Aug. A.-The indications
now are that the tariff bill viii become
law without the Presidents signature.
custom House officials i'm shswer to an
inquiry made say that the new law will
go into effect Tuesday morning il the
President does not sign il.
The gold reserve In the treasury amounts
to 90, ,SS2,65 The internal revenue re-
ceipts. so Tar this month have been $19,-
Obs, 400. Yesterdays receipts were 81 ,203,-
454.
London is strong, being q higher on st.
Paul, and Id better on the rest OF the list.
The executive committee of the Trunk
lines and Western roads have agreed to
restore rates on basis of 20 cents per 100
rail and 10 cents for lake.
General Manager st. John OF Rock
Island testified yesterday that the recent
strike caused loss of between $500, 900
and q ,O0O, 900 to his road.
st. Paul's earnings for the third week
in August were s5i9642. For the cores
ponding time last year they were $50, ,Sl9.
This Is not wonderful exhibit, but is
gross gain and the company reduced its
operating expenses $4,000.
1t looks as though Rock Island were
good for further rise, and as though
big money would be found on the long
side of Canada Southern. A Vanderbilt
authority makes the statement that
Canada Southern will cross 60 and stay
above that point. General Electric,
Western Union and Missouri Pacific and
ID. 9. Il. will have a further upward turn.
Sugar, it would seem, is getting dangerous
TO play on the long side.
ID. Z. r. Is reported TO have all the
money it needs to take goods out of bond,
and to have made arrangements to have
them out of bond if the tariff bill becomes
a law.
Liverpool dispatches state that cotton
is dull and prices are unchanged. Sales
are estimated at 1000 bales. Futures are
steady and demands are freely supplied.
The Stock Openings.
By The Associated Pres.
NEW YORK, Aug. 24.-The stock market
opened firm. Opening prices:
Atchison 6H, New England 27M.
Sugar Ia, Distilling az, General Electric
42A, Chicago Gas 771s, b. @. 7s%, X. L.
6SN. st. +. 65s, L. n. 1913.
Sugar Reacts, Other Stocks Firm.
By The associated Press
New YORK, Aug. "a, 10:15 a. m.-The
stock market opened firm and on fair
amount of business there was general
appreciation in share values. Reading and
Union Pacific advanced q, Big Four
9s st. Paul Manhattan, Northern Pacific
Pfd., Canada Southern, Tennessee Coal
and Iron, Norfolk & Western Pfd.,
Burlington, Hooking Coal, Lackawanna
and Chesapeake * Ohio y; Sugar has
reacted "a, speculation continues strong.
The Cotton Market.
BB I1,, AssOc dted Press.
NEW YORK, Aug. 24.-Cotton futures
opened quiet and steady; sales 5000 bales.
Sept, s6.63; Oct, $50; Nov, S6.76;
Dec, 1888; Jan, $500; Feb, s6.97; March,
s7o3; April, 400, bid; May, 7.l5, bid.
Rumor Denied.
By The Associated Pres
LOUISVILLE, Aug. 2i.--St. John Boyle,
co-receiver, with General Echols of the
Chesapeake, Ohio & Southern railroad,
states that there was no foundation for
the report that the Illinois Central would
take control of that road.
After September 1st he said the road is
in the hands of the federal court and will
remain there until taken out by the pro-
cess of law.