The Providence news. (Providence [R.I.]) 1891-1906, 1895-10-15
FINANCIAL NE WS.
Period Of Higher Prices
Looked Forward to.
Important Developments in Whiskey
Expected at Any Time.
Special TO The News.

tpttioi w NC NNoW1
NEW YORK, Oct. 15.-1the market from
this O N Is likely TO assume definite shape.
At least, for few weeks we may look
forward to period of higher prices. We
are getting out OF the rut. Money Will
continue cheap and returning confidence,
buying by Europeans, improving railroad
earnings, brighter prospects as far as our
own commerce is copcerned,a a disposition
on the part OF the British public and
American investors alike will have ten
dency to cause a buoyant feeling in Wall
street. Where one or two weeks ago moth
ing but gloom and dependency ruled,
today We find that hopes amounting TO
almost conviction, as far as better prices
for railroad bonds and stocks are con-
cerned, are within reach. 1t is certain
that We are in a better condition than
We have been at any comparative season
in any years past. The situation, both
from an investment and speculative point
or view, is encouraging. IL is certain that
the most prominent railroad officials are
looking forward to a period OF unprece-
dented prosperity. They say that rates
are being maintained on an equitable ba-
sis and that there is more OF disposition
on the part Of even the old-rime kickers
to act in concert with those railroad COM
panies that believe in doing business
upon business like basis.
The lack OF enthusiasm shown by New
York and the effort made 10 discourage
trading on the bull side of the market are
having the effect OF stunting business in
London and causing an apathetic feeling
as far as American railroads are con-
cerned. There is no business doing In the
department for American securities and
prices at best are only about New York
parity. Offerings, however, are light.
The agreement arrived at between the
Western roads to Immediately maintain
rates at full schedules would, under or
binary circumstances, help Western stocks.
There are some important developments
pending in Whiskey. which may come TO
the surface at any time. The completion
of favora bic negotiations will enable the
insiders of ID. e. +. TO make q turn, IL
they SO oesire, OF at least per cent.
ST. Paul, perhaps, is as safe TO buy as
anything that can he found on the list
and Northwest Will go higher.
FEELING Is MIXED.
G. Franklin Nugent, who has just re-
turned from New York, reports that the
feeling in the stock market there is mixed
The traders are unquest1onebly bearish,
while the conservative element Is quite
bullish, believing that dividends are be-
ing generally earned and bound to come.
NORTHERN PACIFIC.
TACOMA, Wash, Oct. ia private
telegram mas been received here from
Boise, Idaho, announcing that Judge
Beatty OF the United States District Court
by orders has extended the jurisdiction
of NJ W. Dickinson as general manager
over the property OF the Northern Paci-
fic In that State. Judge Beatty continued
action on The recelvership matter for
week.
GENERAL FINANCIAL NOTES.
A Chicago special says The Tribune
prints story ON New York that Chi
cago Gas and the Ogden Gas Company
are TO be consolidated under the Gas
franchise Attorney Mayer FOR the Ogden
company here denies the report.
Bar Silver is unchanged.
Potatoes are selling cheaper in Chicago
than ever before
Mem bers OF the Chicago Gas reorganza-
tion sav that the status OF bonds has been
fully considered, and a great defence can
be made To any suits.
The World points to the fact that Dem.
ocratic politicians are long OF 100, ,0no
shares of Gas. 1t also says that an agree
ment has been reached, whereby the Chi
cago Gas Company boders OF the Chicago
Ogden franchise with the Chicago Gas
trust are to be consolidated, the transfer
OF the majority OF the stock 10 take place
today TO j. W. Lauchart OF Chicago
London is up today la TO 3-S.
Refined Sugar is lilo iower.
The reorganizationc coininitte OF ID. I.
F., has let feeding contracts TO Norris &
Greenhut, dis.illers, after November l,
and new securities will be distributed at
the same time.
London beet sugar is down Ia
III. o. Havemeyer denies that he has
For Late Financial News See Page 3.