The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-25
FINANCIAL NE VS..
Present. Course Of Market De-
ponds on Europe's Attitude.
All Branches of Sugar Trade Are
Very Strong
Special TO The News.

NEW YORK, April 25.-The immediate
course OF the market will depend, to a
very considerab BILE extent, upon the atti-
tude OF Europe. If London and the con-
tinent continue TO buy our securities the
reaction cannot be very pronounced, n
those who believe that there will come
sharp breaks, as in olden times OF 4 or 5
per cent. on the average, will be badly
left. With the bnllish speculative fever
at its height, and with the German,
French and English publics keyed up to
the highest pitch OF enthusiasm on
American securities, there is no saying
now high stock can be put.
All branches of the Sugar trade are
strong. German graduated advanced to-
day about 5 cents per hundred. This, it is
expected, will be followed by en- advance
OF standard domestic grades. The demand
for some time has been rather quiet. The
trust is prepared for a rush of orders
which it is confident OF receiving as soon
as the intimation is sent out that prices
will go up rs on a certain date.
The impression last night was that the
market hinged a good deal On the Coal
situation. IL the companies did not come
to any agreement the rise was probably
over.
The Pennsylvania earnings for March
decreased, net, sl43, l2s; the Canadian
Pacific for the third week of April de-
creased $1,000; Jersey Central for March
increased, net s173, 1O2, ana for the three
months sl95,S75
There is a story hat $4,000 shares OF
Southern Railway stocks have been sold
to a syndicate abroad. This is probably
exaggerated.
London comes very bullish, y higher
for Reading and q to * better for the
rest.
There were listed yesterday $500, 900
New York Central gold IS, the balance OF
the AUTHORIZE s15, ZOO, 900. The proceeds
were used in part for Buffalo grade cross
iSgs.
Silver is up 4 in London.
Joseph says: "Don't take any stock In
the idiotic rumors of another and severe
coal war. Buy Reading; insiders are
buying Gas. Dead straight tip: Bull
Southern Railway preferred; don't neg
lect this"
The Wool Market.
The record of the past week affords
little encouragement for those who nave
anticipating any improvement in
the price of wool. Whatever may be the
level of values elsewhere, wool has sold
during the past week in tn s market at
the lowest prices ever touched in the
of the country. Good Xxx Ohio
changed hands at 16c., fine medium
territory of good staple has been taken
at &c., clean, medium territory at 23bc.,
clean. and twelve months' Texas at &C.,
equivalent TO 2Sc., clean. For fine woods
Is TO 30 c.. has covered the bulk of transac-
lions. With such figures as these ruling
for woods, it is no wonder hat the trade
ire astonished at the reported figures at
transactions are said to have been
Effected in the country,
A good deal of the intelligence received
rom the interior is heresay, but allowing
Ill that should be for this kim of news il
$ evident that many Of the actual tran
thus far effected have been at
,ery full figures, which in
Iome instances, seem rather
higher than are warranted by the condi-
ion OF affairs here. Whether the firm
in the country is temporary or
lot remains TO be seen. Indications are
hat wooden goods are going to be low,
nd that the clip of the country, as a
whole, when it gets fairly started, will
move at lower figures than would be in
by the prices which, in several
instances, are now being paid. There are
many who base their calculations as to
he future, however, on the probability
I a continued irmness abroad. The
nles which open on the 30th OF this
nonth in London are therefore awaited :