The Providence news. (Providence [R.I.]) 1891-1906, 1895-05-31
FINANCIAL NE WS.
Havemeyers Hold More Sugar
Stock Than Ever.
The London Market Will Be Dull
Until Wednesday.
Special 10 Tho News.

NEW YORK. May 3l.-The feeling on the
stock market continues somewhat mixed.
The short interest is large in quite a number
of directions. The Hayemeyers still insist
that they have not parted with any Sugar,
nor do they see any reason for advising
stockholders to dispose of even a share Of
their property. 1t is true that Mr.. II. o.
HaSemeyer intends TO take an extended vaca-
tion, but the sugar industry will go on in his
absence, and the best interests Of all con
cerned will be looked after by Mr.. Theodore
Havemeyer, who, while not being Wall
street gambler, is nevertheless conservative
and very shrowd business man.
He owns more Sugar common and preferred
at this time than he has ever held, and within
a very few hours he said 10 one Of his most
intimate friends
'We shall pay our regular dividends. We
are making money and we anticipate much
buster year than we had last year.
Chicago is selling g., b. a. O., on a scale and
Chicago bankers consider it relatively the
dearest of the Changers.
General Electric is doing better. The com
pany has made some most important con-
tracts, and the indications are that some time
this year General Electric will be actively
traded in around 90.
The market gave evidence Of covering rather
than fresh buying on Wednesday. The crop
reports are still conflicting, and there is very
little news over the holiday.
London Is stiH buying cur eoitdsr-Priees Of
stock there this a. m. were from "a TO q
higher. London will be dull until after the
holidays, which last until next Tuesday.
Talk Of a very heavy assessment in Erie is
current.
Joseph says: "wheat broke on curb yester-
day, selling down to ~ on news that much
desired rains had fallen in a. important sec
tions. The market will likely be irregular.
Sell Northwest on scale and don't be afraid
bear Erie. Hold General Electric and Sugar
and bull Rubber for 50.'
ToDAY's STOCK BOARD.
WALL STREET, OILS a. m.-The stock mar
ket opened fairly animated and strong. The
Industrial shares were most in request and
Rubber advanced IA per cent.
The volume Of trading after 10: 10 has been
OF but meagre proportions. but the temper of
speculation continues bullish. Cordage guar
anteed advancing ~ per cent. do preferred,
l. Rubber and do preferred rs; General
Electric and Tennessee Coal, "a. Colorado fuel
gained / pcr cent. and reacted "a per cent.
Susquehanna and Western preferred has been
notably heavy and has declined 33i per cent.
to 2sl5. Erie also is pressed for sale and is
down -.
Money on call easy at | per cent. Prime
mercantile paper, 3a413 per cent Sterling
Exchange firmer, with actual business in
bankers bills at 4ssl iaissI8 for demand, and
at ASH for 90 days; posted rates, 4s7l pa
4ss and5. ss1 2a4. 50 commercial bills, 80 9aS4
Silver certificates 67I4a6712; no sales; bar
silver, 667s; Mexican dollars. 80: Government
bonds steady.
The market continued quiet at II o'clock,
and became heavy on freer offerings of stocks,
Manhattan selling off 21s; Rubber and sus
quehanna and Western, Ia; General Electric
Michigan Cen raj, Cordage guaranteed and
National Linseed, /; Sugar Is
Tennessee Coal, q por cent. and the rest OF
the list is active. Sales TO noon, l07, 800 shares
including s.. 800 listed and 1900 unlisted.
NEW YORK STOCK QUOTATIONS..