The Providence news. (Providence [R.I.]) 1891-1906, 1895-10-25
FINANCIAL NEWS.
Report Of German Sugar Cut
ting the Prices.
Whiskey Said TO Be Bound tor Thirty
Soon.
Special to The News.

NEW YoRR, oct 25.--Iate yesterday 10 was
reported that 100 bags of German granu-
lated Sugar had arrived, and were sold cent
below the Sugar company's prices. This re-
port. in connection with rumors also or an
intended shut down OF refneries, did much TO
create n bearish feeling on sugar stock. One
OF the leading Sugar company officials was
asked about the reported sale of foreign sugar
below trust prices, and he replied: 1--WE have
no confirmation OF such report, and we do
not believe it TO be true; but even IL 1t were
true 10 would have no significance in the
trade, unless it showed that somebody wanted
to throw money away II it was intended to
influence the action of the Sugar Company. IT
failed totally"
The movement in Sugar stock is looked upon
in the sugar trade as wholly stock exchange
deal without special reference TO trade condi'
tions for immediate effect. Someone closely
identified with the Sugar company is believed
to have inspired the movement by giving
few selling orders to broker, conspicuous in
the crowd for his frequent orders from inside
sources
In detail. it is believed that Sugar. Missouri
Pacific, Manhattan, the Changers and Western
Union will work lower.
Some important developments will be forth
coming in the course OF few days that viii
effect ID most favorably. The buying has
been excellent, and there are many reasons TO
believe that il will have boost OF no mean
proportions. This stock has been acting in an
aggressive fashion, all things considered, for
some time past, and it gives evidence of some
marked improvements in the near future.
II Exchange should weaken. ana there is
some probability that rates will be lower,
there will come rally OF no small size in the
general market under the lead OF the
Changers.
GENERAL FINANCIAL NOTES.
Dow, Jores g. Co say all grades Of refined
sugar were reduced Is cents at p m yester-
day.
George Gould will give support to Manhat-
tan Elevated. He will take the stock on
scale Of "A per cent decline. so his friends say.
Directors of L. 81 \ say the net earnings for
October will be the largest on record for that
month.
Interstate Comm issioner Morrison says:
''we are watching the joint proceedings of
the trunk lines with care, and IL we secure
evidence OF legal action, we shall lay the in
formatio before the Attorney General"
London at p IN was a lower for Reading,
is lower for l. g. N and unchanged for the
rest.
Joseph says: Comment is made of the fact
that nearly 60,000 shares of Sugar were traded
in on yesterday within ! per cent These
sellers of the previous day say that they had
no trouble in getting stock. and they know
that 20, 600 shares will be on the market on a
rally Of a point or So"
Receiver McNulta turned over to the Ameri-
can Spirits Company, is distilleries. pur-
chased by the reorganization committee.
Treasury gold, S93, ,65S; excess receipts
yesterday, Sass, 2i7; excess expenditures so far
this month, 50. $50. 426.
Foreign investors, it is said, have been sell
ing all kinds of American securities, so as 10
put the proceeds into Kaffirs
Texas Pacific earnings for the third week Of
October decreased : As, ,450.
PROVIDENCE CLEARING HOUSE.
The clearings OF the Providence banks
TO-DAY amounted to 1924, 900
For Late Financial News See Pages