The Providence news. (Providence [R.I.]) 1891-1906, 1895-07-20
FINANCIAL NE WS.
Directors of Gas Considered
Earnings Satisfactory.
The Yacht Race Attracts Many Traders
Away Today.
Special TO The News.


NEW YORK, July 20. Gas rose on the
purchase of about 5000 shares by Chaplin
a. Co. 1t declined on the sale of about
1000 by III. /. Nicholas. There was a ru
NOR of some misrepresentation involved
In the purchase OF part OF the stock. Ru-
mors on Gas last night were as conflict
ing as they had been at any time. There
is no doubt that bears on the stock be-
lieve that a receivership is coming. IL IL
believed that prominent operator who
has been against Gas expects still further
declines. Offsetting this Is the fact that
some very good authorities on Gas have
begun to buy the stock lately, believing
that buying on slumps henceforth will
pay. Ii Is noticeable that amid the un-
certainties all the directors of the Gas
company who have spoken in their own
names have said that earnings were salts
factory.
Ii has been supposed that quite por-
tion OF the short interest in Sugar had
been covered, but some prominent houses
are willing to go on record as saying
that there is a short interest Of 80, 900
shares still open. Reports in regard 10
trade conditions are becoming more uni
form. Those who have called trade bad
begin to report it better. Officers of the
sugar company say, as they have said be-
fore. that the situation with reference 10
the sale of refined sugar continues strong.
TODAY'S STOCK BOARD.
WALL STREET. July 20. The stock
market opened dull but firm. Prices of
the Industrial shares ruled slightly higher,
but the railroads are unchanged.
GENERAL FINANCIAL NOTES.
The gossip is all turning on Industrials
and the bears are still making efforts TO
get them down.
There is talk of progress in Northern
Pac a. reorganization.
The Financial Chronicle figures gain
of over four millions to banks.
London is about steady; Reading ad-
vanced -; others show slight changes.
G. G. c. & st. l.. earnings for the second
week of July increased $50, 6,59S; for two
weeks s202, 256.
Shipments of gold to Europe and Can
ada since 10 days aggregate II, $40, coo.
In three weeks the exchange market
will weaken, as grain bills will come on
the market.
Lehigh Valley will work full time be-
ginning next week.
1.-The New England Railroad Comp
any" will be the name of the newly or
ganized road.
1t is said that the new plan Of Reading
is favorable for the fours and unfayorable
for the income bonds.
The yacht race took number OF traders
out of the street today.
Speaking of the stock market, c.
Franklin Nugent * Company's weekly
market letter says:
"lt is "A waiting market, and a waiting
market is usually a lower market. The
high priced railroad shares are Indifferent
or neglected and the Industrials are suffer
ing from their annual attack Of hay-fever
which usually comes about this time. and
If one wishes to profit by this addiction,
it is only necessary to buy in on the day
when the patient shakes with the
chill and sell when the fever is on,
and by so doing he will have made
enough to escape himself TO the hills of
New Hampshire, where the chill and
the fever is not known-at least by that
name