The Providence news. (Providence [R.I.]) 1891-1906, 1895-11-20
FINANCIAL NEWS
Missouri Pacific Conditions
Were Never Better.
Acknowledgement TO Proceed Against
the Leather Trust.
Special to The News.

Special 10 Inc News
NEW YORK, Nov. 2 .-The temper was
bearish all day and late sentiment was
favorable to further decline, although it
was recognized last evening that the
trunk line agreement and the views when
1t was understood would be presented by
Secretary Carlisle at the Chamber OF COM
merce dinner last night might have a
beneficial effect. The London temper was
less favorable and stress was laid on the
apparent lack OF buying power.
A director of Missouri Pacific says the
earnings of the company were satisfactory
and that conditions Of the property were
never better. The company has more cash
on hand from earnings today than 1t has
ever had available before.
The selling OF u. ). l. yesterday APP
parently came from both accounts, with
some bear pressure. The trade was full
OF reports OF heavy rebates paid on large
sales OF sole leather and this had a dis
quoting effect. The street sold on a re-
port that Attorney General Hancock
would be asked to proceed againh the
leather trust, as he had decided to do
against Tobacco, the argument OF the pc
titioners being that the shut down OF the
tanneries was a restriction OF trade, in
tended TO increase the price OF leather
goods and therefore an Illegal act under
the antitrust laws OF this state.
Quite a bearish feeling prevailed on
Gas. There were rumors OF a bear COM
bination formed with the intention Of
heading off the reorganization. 1t was
alleged to have discovered a legal point
which promised good results from their
standpoint.
London sold a good deal OF ]. & N. yes
terday. The dip TO 81 was considered a
drive and the su~ bsequent strength of the
stock seemed to prove the correctness OF
this view. Stock is being accumulated on
a belief that an advance on the merits of
the property is sure in due time
Mr. Bache said: 81 am willing to 60
on record az predicting that there will be
2la per cent. declared on Spirits pre-
ferred before the first of July, 1896" He
added that IL Erie and Reading are
worth present prices Spirits common
ought to be worth 10lo.
GENERAL FINANCIAL NOTES.
london Gonsols are TT-f6- lower, which
is equal to 105 9-l6 for money. Americans
are is 10 Ia lower, despite the favorable
features OF the promise of the Sultan to
be real good.
ST. Paul is equal to "a 3s and l.. & NJ,
81 1-s; discount rate, / 5-S; Berlin, 2 rs;
Paris, / rs.
The GOLD shipments for the week will
be between 81 1000, 600 ana %, 000, 600.
The Boston Herald's financial column
says that no issue of {. b. q. bonds is
contemplated so far as a director is aware.
The company will retire a lot of bonds in
January with cash on hand.
The whiskey demand in Cincinn att Is
increasing. Yesterday was the most &C
tive dsy for months.
The United States Supreme Court de-
clded that 10 acres of land at Spokane,
worth over a million, belong to H.. 7. Car
ley and not to Northern Pacific preferred
London spot Copper 42l2; futures, 427s;
easy n - off.
The Pitts Barrows suit 10 stop the re-
organization OF Chicago Gas was to have
come mp today, but by stipulation be-
tween the lawyers the hearing has gone
over to Decent Der 2.
There has been no agreement in the
Reading plan.