The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-22
FINANCIAL NEWS.
Plans Under Way for AIchison's Re.
organization.
The Weakness Of Chicago Gas-Heavy
Decline In Wheat.


NEW YORK, Jan. %, 1s95.-The Atchin-
son reorganization committee have three
plans under consideration, but what they
are and which one will be adopted is known
only on the very inside except the
fact that first provides for an assessment
OF $12 on stock and s2 on seconds, the
second provides for $40 assessment on
stock and "a on seconds, and the third is
for a smaller assessment on the stock and
larger one on the seconds.
The increase in the earnings of the en-
tire Atchison system for the second week
in January was Sl6,Sl7.
There are rumors OF bear pool in the
Changers.
A large amount of gold viii be exported
tomorrow on the Britannia, with more to
follow Saturday. Everything depends on
news from Washington.
The only fact that the new deal in
Chicago Gas has fully determined "a yet
10 that the dividends paid in past years
have not been earned and TINT the com
pany has not been managed or the best
interests OF the stock holders. The con-
dition OF the company Is far from satis-
factory.
The weakness in the market is on the
decline in Wheat ard will hurt Western
operators.
The decrease of Omaha earnings for the
year 1894 was 81 ,03l ,3lS; for the month OF
December, s206,U25.
May Wheat opened weak under heavy
selling by the large commission houses.
Scalpers were inclined to buy for a rally
but were flooded out by the rapid offer
ings.
Schepp is persistent seller ofSugar to-
day.
There is no change today in the London
market.
Cotton futures opened que. and steady,
sales $500 bales: JAM, 5.i6; Feb, 5.46;
March, 5.52; April, 5.55; May. sos; June,
5.6i; July. 5.66; Aug, $40; Sept, 5.75;
Oct, $50; Nov, 5.si; Dec, 5.S1.
Heavy liquidation in wheat in San Fran
cisco carried all the grain markets down
yesterday and caused some selling of
stocks late in the day. Aside from wheat,
prospects of the pooling bill were not as
good although something definite about
IL should be known today. Sentiment Is
very bearish today.
Yesterdays Review.
London prices came in little lower
and the market opened irregular.
Win uSalluBs exceedingly llmIteu, the
attention OF the street having been
diverted from the market by the
interest in the Brooklyn strike. In the
early trading there was sharp raid on
General Electric and Jersey Central, and
furt her liquidation in Union Pacific, but
the last named rallied fractionally,
PROBABLY on shorts covering.
and Sugar developed firmer tone In
anticipation of a favorable decision by he
Supreme Court in the antitrust case.
After the first furry the market quoted
down with very little change in the trad
ing or fluctuations until towards
the last hour when the Sugar decis-
ion was announced from Washington as
favora able 10 the company, but notwith-
standing this, Sugar Immediately began
TO weaken, and the haiance of the list
sold of in sympathy. There was notice
able pressure OF stock in Reading and Jer-
sey Central. and elsewhere prices were
hammered down on the weakness of whtnG
in Chicago, and also Oh rumogs of financial
trouble in one of the Western cities.
Engagements of gold for the day
amounted TO s350,000. Closing prices were
all below the opening with losses OF i'm
portauce for New Jersey Cestrsl, Reading
N. Y. q n. E., Chicago Gas ana the
Changers.
Providence Clearing House.
The cearings OF the Providence banks
today amount TO 81 ,3o2 300.