The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-07

advices from Liverpool than expected,
cables reporting spot cotton there firm,
with sales OF 10000 bales at 1920.
advance and futures buoyant, closing at
4-64d. above yesterday final close. Com
mission houses and local shorts appeared
as good buyers and after the call prices
advanced to 4poiuts further amid the
heaviest trading seen on the Exchange
for many weeks. The bears fought the
advance from the start, but failed to
check the advancing tendency OF the
market.
Grain.
Wheat shows no new features and the
situation is practically unchanged. Prices
opened X to u higher in Chicago and
advanced u further in sympathy with
firmer cables and an advance OF "a
cent in corn, but when corn weak
ened wheat fell down with it, prices
losing all the early Improvement
and X additional, closing barely steady.
The New York market followed the
Chicago market throughout. Corn
opened u higher here and in the West on
covering of shorts, but later weakened
under the pressure OF heavy realizing
sales and decline cent.
NotinS On SpTHSer Dill.
Voting in the House on the Springer
bill did not commence until $3.50
p. N. under the rules. The
first vote was on tho Bland substitute
calling for free coinage OF silver.
The vote on the main question was not
reached until after 4 o'clock.
Bank Of England's Rate.
LONDON, Feb. 7.-Bank of England's
rate of discount remains unchanged at
2 per cent.
Our Wheat Crops.
A special from Cincinnati says that ga
portion of the wheat crop was recently
subjected TO freezing and thawing and
some injury resulted, but it was mostly
protected. Interior wheat offerings are
exceptionally small and sales are only at
premium over parity with market CEN
ters. Miller's supplies are low and re-
plenish difficult"
The Chicago market in Wheat is firm
on higher cables. The crowd sold early
and the commission houses bought.
Provisions opened strong, Raymond
buying May ribs and the Angl American
Packing Company buying May lard. The
strength in the commission market
and higher prices for live hogs caused the
advance. The Cudahy Packing Company
is also buying May ribs at 81, and Nelson
Morris buying May pork at 42h.
New York Wheat Market.
NEW YORK, Feb. 7.-wheat receipts,
35,40o; sales, 100000. Market opened
higher, deriving its strength from Corn,
better cables and light receipts. Prices
subsequently reacted under realizing.
May, 5s 11-16a59A; July, 59AaA.
The Wool Market.
The close of the fifth week of the year
finds this market pursuing the even tenor
of its way, having apparently found a
bottom-a safe basis for operations; values
are very fairly maintained. One can but
be impressed with the very general
character of the domand which has pre-
vailed during the past eight days; the
nearly three ana one half million pounds
sold during the week under review in
cludes every sort embraced in the list or
dinarily offered in this market. Though
the trade in any ole kind may be called
moderate, that is the individual quantities
taken not being large, the aggregate
uluOuut Ol edCu CldSS Ol QOnueStlC duQ lOE-
eign moved Is considerable.
The sales of the week amount to 2,6S7,-
750 lbs. domestic, and 772,00o lbs. for
eign, total of 3,45975) lbs, against
a total of 2,s13, 800 lbs. in the proceeding
week, and 3,S5o,5O0 lbs. for the corre-
spending week last year. The sale, since
Jan. 1, 1895, amount to 17,S6l,350 lbs.
against 1890, 100 lbs. at the correspond
ing date in 1894. The sales in New York
amount to $4,000 lbs; the sales in
Philadelphia amount to 1,15s, 400.
Cotton Futures.
Liverpool opened ~ up; sales. 10000.
Later, futures became firmer and advanced
two points. New York cotton futures
opened firm; sales, 5000 bales. Feb, 5.40;
Mar, 5.46; April, $50; May, 5.54; June,
5.5S; July, 5.62; Aug, $3.50; Sept, 5.72;
Oct, 5.77; Nov, 5.82; Dec, 5.S7.
Cotton spots closed steady. Mid. Ups,
5ss Mid. Gulf, 5%; sales 154 bales.
General Financial Notes.
Louisville 4 Nashville in the course of a
week, have advanced four full points and
conceding the reaction of y per cent.
from 54, insiders believe that
l.. & L. will, before the resumption
of dividends, some nine months
hence, sell above 65, but they are not en-
couraging any wild speculation in the
stock for the moment.
A London special says that the bank
rate is 2 per cent, and the
market is unaffected by the Norfolk
& Western receivership. The depart
ment for American securities continues
to rule very strong, with prices fully up
TO New York parity, and with Vanderbilt
issues and Reading u above the American
price.
1t is said that the receivers OF ID. c. & f.
will remove their general offices to
Chicago. 1t is also said that new attor-
neys will represent the company. The
stockholders reject the proposition OF
the officers to turn back the $1,000, 900
bonds which they took below 90 cents.
The report that General Electric will
move its New Jersey lamp factory to
Lynn is incorrect. The company is con-