The Providence news. (Providence [R.I.]) 1891-1906, 1895-08-01
FINANCIAL NE WS.


Nrw YoRK. Aug. 1.-The situation in Gas
~ believed TO be- about this: The people who
were supposed recently TO have sold out are
also believed to have gone short and had In
view considerable turn on the Dear slue.
the downward movement by his actions, but
when everything seemed To De going thelr
way MIR. Benedict unexpectedly appearen ns a
buyer which changed the current OF feeling
onsiderably. since then there has been more
or less steady absorbing OF the stock by com
mis sion houses and In the absence OF iresh
utterapces from the Attorney General the
short interest has been getting restless. Yes
terday for the first time, thele was ais
tinct effort TO buy at the market by people
who have been borrowing stoek ~ Is staseu hseu
large BUYERS OF Chicago Gas, and one lead
ing director Is quoted az saying that the Az
orney General does not think that Gas -
of tine Gas companies say there u nothing AT
present calling for special attention OUTSIDE
OF the mere routine OF mahulac, urlhs anu anu
selling gas. The attorneys are taxing ther
vacation without disturoa oauce.
The Rockefeliers are underst ood TO have IN
creased their holdings OF 1T. Paul consider
ably and at the present time hold larger
block than IL generally supposed. Mr.. Rocke'
teller il stated 90 be paying particular atten,
tion 10 the emanagement OF this properly ana
gives friends TO INFER tnat =, ~ VIII pe xssndad
beyond the river. Information which mas
been very right on ST. Paul continues 70 pre-
diet 30 for it this year II Is reported tnst tne ne
Duluth and to this end it Is said there nave
been somo conferences with the large owners
OF the st. Paul ~ Duluth Railroad.
The action of yesterdays market mas
aroused more bull enthusiasm than has 80 far
existed among the principal stock exchange
operators. There was pressure on the iran
gers all the forenoon but manl.estly 20 ySy ny
buying power. The result in either event Is
pronounced highly satisfactory.
There is very positive information circnlating W
that the Reading plan of reoI ganiza1on SIM
ply awaits more distinct signs OF the settle
ment of the coal troubles before being prom,
ulgated. There is a report from g gVou
sources that the bondholders viii be called
upon to bear the principal burden OF raising
new money and that the stock VIII De assess
ed lightly. - ,,,,. -.
summoned home yesterday. he says there
is "A very strong probability OF strike amoht
coal miners on an immense scale, DeSlhnlns :
in Pennsylvania and spreading thr2ughou'
West Virginia. Illinois, Ohio and Indiana
The Governor hopes 10 settle the dllncult,
| before the trUubfH begins . -,.,-,
Raw Sugar is somewhat hrmer although
business is done at about the ola prices NC
fined is dull and unsatisfactory.
London market is = 70 lower:
Judge Seaman of the Chicago District Courl
refused to pass on "A motion OF appeal IRON
| the decree OF sale Of the Whiskey Trust sn'
| told Greenhuts attorneys to take the case
| before one of the circuit judges.
Joseph says: 'Buylhg Oh NnlCasO "1e -,
| 10 be CT the very best description. John y
| Moore is a bull on Gas and thinks that II WI
| sell higher. Don't be afraid TO buy sugar o
every recession. Gouid followings pTopose Z
| nut Missouri Pacific above 40. Hold l. ~ n
| FOR quite big money and get little ielegrapl
| and Manhattan Elevated for keeps.
I The Reading Coal Il iron Company reduce
| wages of miners 10 per cent. below the 80
| basis for the last half of July and the mrs
| hall OF August.
The produce exchange VIII be closed Sa'u'
| day, Aug. g. ana Monday Aug. 5.
| England's 8 ratio of discount remallS at pc
| cent.
| ToDAY's STOCK BOARD.
WALL STREET Aug 1.-The market opened n
| tive with little change 20 values. chicago W
and Distilling were heavily purchased an
went up "a and ] per cent, respecuveIy
The Railway shares were generally fraeuo
| lower after 10. 10 a. m. Meanwhile, Chlcae
Gas and Sugar rose slightly ana the preIc
| red of the latter company was quite puos al
rise OF lss per cent being Effected
s1w YORK STOCK QUOTATIONS.