The Providence news. (Providence [R.I.]) 1891-1906, 1895-10-14
FINANCIAL NE VS..
Rumors Pending Completion
of London Settlements.
False Talk About Standard Oil Com.
pany Opposing Gas.
Special to The News.


NE w YORK, Oct. 1L-There Is one
thing absolutely certain, that the street
would do well TO take cognizance OF, ano
that is that the talk about the Standard
Oil Company being opposed TO chicago
Gas is positively false. D. u. hocKeieiier
says: ~ never contemplated, nor ior
that matter was | asked TO take any ac-
tive interest in Chicago Gas matters; nor
did / take such" Mr.. Oliver Payne and
his friend, Mr.. Ferrill, have gambied In
Gas from time &c time. When they
bought the stock originally Just below ~
they were enthusiastically buiilsn, ana
when Mr.. Ferrill sold out last July he
contemplated, to use an expression OF one
of his friends, "to knock spots out OF
Gas" One thing is certain-the people
to propose TO reorganize Gas VIII carry
out their plans TO the letter. In some
respects the position of Chicago Gas IS
very like that of ID. c. +. The. bona-nde
stock holders will appeal TO the courts OF
Illinois to let them take possession OF
their property, upon the plea that they
wish to conform both 10 the spirit and
the letter of the laws Of Illinois. 1t does
not stand to reason that the capitalists
and other influential interests that are be-
hind Gas would jeopardize their Tame ana
record, or would undertake the recon
struction of such an important property
without first feeling assured that they were
on the right road.
While the talk IL still bearish upon Z.
B. & O., the professional scalpers are advls-
ing the sale of both ST. Paul and Rock
Island, and they are not likely to meet
with any very great success In this direc-
tion. The Flower people have been buy
ing Rock Island moderately, and they
draw attention TO the fact that the stock
is per cent. lower than II was couple
OF mont hs ago, while the crops along the
line of Rock Island are now secured. Rock
Island is loaning millions in the street,
and is in positively afiiuent circumstances
Until after the completion OF the Lop-
don fortnightly settlements, rumors OF a
more or less distressing character are
likely to prevail. London has compare
lively little or no speculation interest on
the long side of Americans. For some
months past liquidation in this respect
has been progressing slowly. until there
are very few open accounts in the Ameri-
can department.
GENERAL FINANCIAL NOTES
The London market is quite strong
! throughout the list; L. 4 N, 3-S higher
other stocks 1-S better.
Treasury gold this morning, s93, 024, 167.
G. &. &. d st. Louis earnings for the
| first week in October increased 1892.
September exports over 1894 Bread
stuffs, increase, e, 3S4,S ,S71; mineral oil, IN
| crease, S1,210,Sl4; provisions, decrease,
| 81. 934, 750; cotton, decrease. 50, 234, 476.
| For nine months: Breadstuffs, decrease,
| 50, 1885, 020; mineral oil, increase, 80, 996,
! 702; provisions. decrease, S24, 721, ,327.
The money markets. not likely to bt
| a factor this week.
The short interest in Gas is estimate ed
| at 10, 600 shares.
| The settlement OF freight troubles West
applies TO business between Chicago anc
| Missouri River.
| i. n -.
the feeling IL so universal that there
| ought to be rally, Say j. >. Bache q Co
London Kaffir operators are quiet
| pending pay day on Wednesday.
| Joseph says: "R. p. Flower will Civ
his attenti ion to Chicago Gas and Rool
| Island. He is very bullsh on both. Sec
Rotary. Carlisle is TO be complimented ol
| his frankness. The policy of the govern
| ment will be uncompromisingly in favo
| of sound money. All obligations will b
kept Mt parity, and IL the treasury reserv
| falls below the sl00, 900, 900 mark TO an.
| extent more bonds will be issued.
London spot Copper 46l2; futures, 46 q
market steady.
| The Chicago Herald is out in a YER
| bullish article on the business outlook, 70
| Eastern lines, saying that for year a
| least, probably for Two or more, earn ing
| will be the biggest ever made.
| Officials OF the Northwest say there
every possibility OF a close alliance be
tween the Northwest and st. Paul com
panies.
NEW YORK STOCK QUOTATIONS.