The Providence news. (Providence [R.I.]) 1891-1906, 1895-09-20
FINANCIAL NE WS.
Interesting Prophetic News
From Over the Wire.
Some People Think Gold Experts Are
About Over.
Special to The News.

NEW YORK, Sept. 20-The course OF
Western Union stock shows that with
the execution of a few buying orders 1t
scores rapid advances. This fall and win
ter will be very busy seasons. Western
Union Is bound to reap the benefit. IL
will sell above par in comparatively
short time. There is no better invest
ment on the list.
There is no doubt that the interests
that have been buying Chicago Gas on
the knowledge that all legel entangle-
ments are TO be removed, expect to see the
stock sell at 80 before IL has any material
reaction from these prices.
There is an extensive short interest in
Sugar, and on any attempt TO cover 1t
could be carried To 115
There is very fair short interest in
General Electric, and this stock will raj
ly very smartly.
London is little lower, st. Paul being
of Il, and the rest of the list l-S.
1t is likely that Crossman will ship 81
0OO, 900, but as Exchange was weaker the
chances are that no other shipments will
be made. Some people say that gold
shipments will end today. number of
weli-posted people say, however, that II
IS impossible TO venture an opinion, but
they hardly think gold shipments are
over.
The tobacco fight does not seem to have
been called of. A very heavy short interest
In II was covered yesterday.
The expenditures of the Government so
far this month have exceeded the receipts
by -, 000 600. The treasury officials say
that for the month of September the re-
ceipts will exceed the expenditures by
80, 000, 600. In other words the treasury
will gain 5000, 900.
The bank statement Saturday will show
q big decrease.
A Chicapn snecioI aava that tha acbama
likely TO be adopted by the gas company
is To foreclose by general consent, and sell
properties at judicial sale, doing this
10 transfer IL TO new company. This is
expected 10 make II legal, and do away
with all adverse legislation.
A Cleveland special says that the Gen.
tral National Bank directors have author
lied the cashier to confer with other ban
kers of Cleveland, with view OF Offering
Sl,OOO 600 gold to the treasury.
Joseph says: sit is more than likely
that this week will wind up gold ship
ments, for the reason that With the cessa.
tion OF gold exports the stock market viii
boom again.
ToDAY's STOCK BOARD.
WALL STREET, Sept. 20.-The stock
market opened active and strong with a
GOO demand for nearly all the leading
shares. The more important gains at the
1os; General Electric, and New Jersey
Central and Tennessee Coal per cent.
Tobacco opened at 104, an advance over
last nights final price of II, per cent,
then reacted to 100l2 and later was 1013a.
Stock prices continued to improve rap
idly until near noon. Meanwhile Chi
cago Gas recorded a gain of 1os per cent,
and liberal advances were noted in other
shares. The top figures induced realiza-
tions and Sugar went down per cent,
Tobacco, 2ls Chicago Gas and Tennessee
Coal, Id and New Jersey Central, 1 per
cent.
NEW YORK CLEARING.
NEW YORK, Sept. 20.-Clearings, SSS,-
S9S, $50; balances, s5,674, 967.
MONEY.
WALL STREET, Sept. 20.-Money on call
easy at 1-2a2 per cent. Prime mercantile
paper 4a5 per cent. Sterling exchange
firm and IA in the higher, with actual
business in bankers bills at SO 1-4a1-2
for demand, and 4.S8 1-4a1-2 for go days.
Posted rates ass LA L. SO 1-2. and 4. SO 1-2
q 4. 80 1-2; commercial bills 4.S7 1-2. Sill
yer certificates 67a1-4; no sales. Bar sill
yer 66 ID; Mexican dollars SO Ia. Gov
ernment bonds generally firm and Ia
higher for the new fours.
SEw YORK STOCK suorArIoxs