The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-14
FINANCIAL NEWS.
Not Much Money Made by Exporting
Gold in Quantities.
Rock Island Dividends-Interest In
Gas-Generai Gossip.
Special to The News.

NEW YORK, Jan. 14.-The bulls will be
seriously disappointed IL Tho present
week does not witness cons derabie I'M
provement. 1t is uncertain, very, whether
any large amount OF gold goes out, and
in fact, some of the leading foreign ship
pers say tnat there is positively no money
III exports at these rates, and they do not
believe the movement this spring will
amount TO anything like Inc proportions
predicted by those who are bcarishiy In
clined on stocks.
The interests in Chicago Gas are among
the most influential that have ever taken
hold Of corporate property. There Is no
doubt whatever that the Standard Oh
Company are interested To a very con-
sidera Bile extent ond everybody knows
that when these people get into paying
enterprise, they do not, as general thing,
neglect the market for a particular
spt c!aity.
There is absolutely 70 reason why Gas
should not, some time or other this year,
sell at par and be maintained at the three
figures.
There is no doubt whatever but that
people sanding close TO Csbie d Porter
nave been moderate buyers OF Rock Island
and it is equally certain that he directors
propose to retueH IN -tAe-eeurse OF a very
few months TO per cent. basis OF dixi-
dends. Norman B. Reame, than whom
there Is no better informed man on gen
erai topics, says, concerning Rock Island:
''M bile the crops in Iowa and Nebraska
have been badly oamaged ana the rail-
roads that depend on these territories
will fare correspondingly bad, eastern
Kansas has done relatively well.
1.-The harvests in the Southwest, along
The line of the Texas Pacific, the Missouri
Pacific and Rock Island will pan out well;
that is to say, relatively welI'."
II Mr.. Robert 4. Lincoln goes into the
Chicago hoard Of directory, any statement
that he may make will be as true as
anything that ever fell from lips Of man.
General Financial Notes.
The London market for Americans Is
steady with prices up TO New York parity.
Lszard Freres, Heidelbach, Ickelheimer
& Co., and Hoskier, Wood & Co., do not
intend 10 ship gold tomorrow. The esti-
mate for the week is S2,5JO,0O.
There IL small change in the actual con-
ditions. The speculative feeling Is hope
ful, bat the strength OF prices at the
moment are due chiefly TO short covering.
despite large offerings from foreigners.
Sterling is very strong.
1t is stated from all authoritative source
that arrangements would be consummated
today 10 hs new coat combination 10
come To positive and strict agreement
regarding allotment percentages OF the
coal output. The Reading company will
be satisfied regarding their claims for in
creased allotment aud the agreement will
be thoroughly observed By all the com
panies In interest. The strength of some
OF the coalers lately is due to- the know
ledge OF this understanding being arrived
OF.
Sugar has been heavy for he last three
days, around el The question is when
that annual statement is to be mailed TO
stockholders. IL will be very poor
Showing, rs II is understood that nothing
was earned on the stock during the last
five months.
Late Financial Notes.
NEW YORK, Jan. 14.-Northern Pacific
earnings for the first week In January de-
creased s33,915
The Chicago Gas meeting took place at
II o'clock, New York time, and adjourned
at I p. m.
The only terms on which Chicago peo-
pie will go into Gas are that they shall
have full control and reorganize tbs prop
erty and put IL on a solid basis. This
means that no dividends will be paid
hereafter until they are earned.
Wheat opened steadyaand quiet at X
decline. The market Vas sustained by
buying against puts.
There was no decision in the Supreme
Court at Washington on Sugar today.
The continued steudiness - the market
since week ago nireedv has made ore
large bear nervous aud he covered about
l5.,O) shares today.
The stock market opened irregular end
rather quiet. Chicago Gas was subjected
TO beaxish pressure and sold down