The Providence news. (Providence [R.I.]) 1891-1906, 1895-05-22
Consolidation Act Will Help
All illinois Corporations.
Whiskey, c. B. & O., and Sugar
Bound for Advances Soon.
Special 10 The News.

tionably been considerable shifting of the
stock during the past few weeks, those
who are supposed to be the most pro-
nounced in their feelings against this par
ticular property deny that they anticipate
the geak that the ordinary gossip OF the
street attribute TO them. The failure to
sign the frontage bill was disappoint-
ment to the members OF the Stand
ard OIL party. They have, however,
renewed hopes of the consolidation act,
because this measure cannot be regarded
of the term. On the contrary, the inter-
ests that are involved are as diversified as
they are many. The consolidation will be
benefit not only to the Chicago Gas
Company, but will apply with equal
force to all vested properties in the State
OF Illinois. That is to say, corporations
will be benefited considerably by the
measure, and the greatest influence is
being brought to Dear upon the executive
with view OF getting him to approve he
| consolidation measure when ii shall come
to him. IL the Governor. does this gas
will be placed, OF course, in a more envi-
able position than any it has occupied in
years.
The government crop report for the
week does not make a very fiattering
showing, but it is better than had been
looked for. A good deal OF corn will
have to be replanted, but wheat does not
seem TO have suffered damage that the
| sharp advance in the market would indi-
cate.
The ease with which c. b. & O. ad.
vances is accepted as an indication that
this speciality will reach a materially
higher level of price. The transactions
in this stock yesterday footed up under
$4,000 shares, but there was an extreme
advance Of y per cent, which was firmly
held right up to the close of the day. The
short interest in G. b. & @. is very large;
some experts figure it at not less than
20, 600 shares in this market alone.
Hence, il can be seen what chance
will be presented when these contracts
are sought to be covered to make quite
successful turn on the long side.
Whiskey is liable to have a squirt of n
couple OF points. The receivers hip will
soon be terminated, and those who know
most about the earning capacity of ID. G.
F. say the stock will be a dividend payer
in the course of a very few months.
Both Sugar preferred and common are
In position TO make rapid strides forward.
The soft coal stocks are liable to render
an excellent account of themselves, be-
cause the best authorities and those who
have the most reliable information con-
cerning the miners difficulties say these
will be arranged in the course of very
few days.
NEW YORK, May 22.-Wheat receipts,
1s0, 500; sales, 12,665, 600. Had steady ad-
vance up TO noon on country buying,
and further bullish crop new. July,
77Aa7sk; Sept, 779sa7s% Dec, 79hasOA.
WHEAT BOOMING.
NEW YORK, May 22.-Intense excite
ment has prevailed in grain circles
today, the transactions in which
wheat alone footing up to $4,000, 900
bushels, making over 100000 bushels
for three days.
SLUGGISH STOCKS MOVING UP.
After II o'clock some OF the inactive
stocks displayed strength, notably Ore
gon improvement, which rose 3h per
cent, on report that prominent
Wall street houses were making a strong
effort to obtain control OF the property
for the annual election. Great
Northern moved up four per
cent, and Consolidated Gas
IA per cent. The active list was heavy,
Northern Pacific selling of IL, Distilling
1b, Sugar and Leather IA, do preferred
"a, Manhattan ~, and the rest OF the
list n fraction.
COTTON.
Liverpool spot sales, $4,000 bales;
futures in good demand, 3 points ad.
vance.
New York Cotton futures opened firm;
sales II, 100 bales. jan, 1856; Feb, 7.3s;
March, 7.42: May, sos; June, 500; July,
7oi; Aug, s.12; Sept, 7is; Oct, 7.2i;
Nov, 1877; Dec, 7.29.
Cotton, spot, closed quiet; middling
uplSnds 5-16; middling gulf Ole;
sales 1898 bales.