The Providence news. (Providence [R.I.]) 1891-1906, 1895-11-18
FINANCIAL NEWS
Sugar Specialist Hudson Has
No Opinion.
Nothing to Indicate an Immediate
Bull Market.
Hpecial 10 The News.

NEW YORK, Nov. Is. -"Charlie" Hud-
on. the specialist in Sugar, who in times
gone by was commonly supposed TO rep
resent the Hayemeyers, said, in answer to
the question what his opinion OF sugar
ia, judging from present trading: II can
not possibly form any opinion and have
no interest on either side Of the market,
which shows conclusively that l do not
know how Sugar will 60. recognize That
there is a short interest in 1t and L llk
wise think that considerable stock has
been sold.n
The bull talk, whenever there are en-
couraging suggestions heard, favor the
long side OF the Vanderbilt shares.
There has been good buy ing OF Canadian
Southern for some Gays past and around
the Grand Central Depot it is stated that
this stock will sell up into The sixties be-
fore the payment OF the dividend that
will be declared In about five weeks. The
Z. 5. has been doing very well and as 1t
gets, practically, go per cent. OF the net
earnings, 1t should be guaged by the
price at which Michigan Central Is SELL
ing, in the neighborhood OF 50.
The interests that are look ing after {.
b. q. say they are prepared to take all
the stock that the bears will sell. They
know that the earnings are picking up
and that there will be no "skinning." {.
b. O., because of the prospective early
movement of corn, will, during the first
months of the coming year, increase its
earnings at a phenomenal rate.
The earnings OF st. Paul for the second
week OF November showed a marked in
crease over 80 per cent. The gain for the
period is s2SS, 159, whereas the figures FOR
the second week OF November, 1894, were
500, 400. Naturally the holders OF st.
Paul will feel encouraged by this exhibit.
They will look at the gain and many will
nnH % an kA.. .4 NhA AkEa HO-
ures of one year ago. 1t will be recalled
that st. Paul one year back sold vigor-
ously down when the returns above given
first came to hand. The road, SO the off,
Gals say. will earn more money in the
first five months of this fiscal year than
II earned In the entire IL months last year.
Everything for the moiAent hinges on
golden exports and these, as EVERYBODY
in Wall street knows, Away cause a
SILVER to run down the backs OF the ave
rage Spectator. Until something is
done upon the currency question, SO
that Europe can see that we are oil a sol
I'd gold basis, and able to take care of
our obligations under any and all circum-
stances, these exports will go on from
time to time and will naturally. cause
the same "blue feeling that they are
now sponsible for.
|. The talk over Sunday was not of a
character to encourage the hope that there
will be any immediate bull market.
GENERAL FINANCIAL NOTES.
Money in London, 1 per cent. dis
count, 1873. London ia lower through
out the list st. Paul, is lower; n the
rest, IA.
Total gold exports since Jan. 1, S49,-
200, 600. Secretary Carlisle will respond
to the "Currency Question" at the Cham
Der 81 Commerce dinner tomorrow
might. 1t is expected he will outline
the administrators finan cial policy.
NEW YORK STOCK QUOTATIONS.