The Providence news. (Providence [R.I.]) 1891-1906, 1895-08-20
FINANCIAL NE VS..
The RothschiIds and Morgan
Hold the kef
They Do Not Apprehsnd Large Drains
Of Gold.
Special to The News.

NEW YORK, Aug. 20-There is posi-,
tiyel no doubt that the Rothschilds ana
Mr.. j. p. Morgan have the foreign situa-
tion, figuratively speaking, In the palms
of their hands. They are not mt all appre-
hensive OF any large drains OF gold being
made on this side. On the contrary,
while they admit that moderate snip,
ments of gold are probable, there VIII
not be any extensive outflow, and the eA-
port movement will probably end In the
course OF couple OF weeks at the least.
1t can be stated on the very highest
authority that in case OF need tnere VIII
be large imports OF the precious metal
and that the Rothschilds stand ready TO
furnish this country with millions OF
pounds sterling, in case OF need. Inc
bond syndicate has great deal OF money
to its credit in Europe; that Is 10 say,
enormous sales of American securities,
and outside properties of which wall
street mas no idea have ena bled the bond
syndicate to add materially TO It's creoit
OF cash in Europe. WhiWW Wall street Is
harping on the fact that there VIII De,
in all proba bility, another bond issue
between this and the first OF OCTOBER,
there is nothing to indicate or warrant
that any such increase in the Government
debt will be incurred.
1t is not unlikely that some important
Developments will be forthcoming this
week in the coal trade. Those who are in
touch with the anthracite conditions are
taking a more cheerful view OF the situa-
tion and they believe that prominent
Vanderbilt interests, aided by the cap
italistic party of the First National Bank,
will. before the close of the month, have
perfected negotiations that will perma-
nently esta blsh the anthracite trade on
strictly business and paying basis.
Mr.. Pullman denies the story about the
consolidation with the Wagner Company.
a
corn will be safe from frost by Septem-
ber Z, at the latest
The feeling on Sugar Is bearish.
! 1t is thought that Potter a Company
| liquidated big line of Tobacco yester-
| day.
The London market for Americans is
dull, and slightly lower, for st. Paul and
/. IN; for Reading and Erie, 1-S higher.
Ontario q Western earnings for the
| second week of August decreased s712O.
| Judge O'Brien has denied the applica-
| tion for an injunction on ID. Z. Il.
The Southern roads meet today TO sign
| the agreement of the new Southern States
| Freight Association.
Both Lake Shore and Michigan Central
have given notice that they will ignore
the Boston agreement, thus carrying Out
/ the action OF the New York Central on
| the matter OF return tickets from the
Boston Knights Templars convention.
This may lead to passenger rate democrat
| ization.
Hoskier. Wood & Comapny will shiI
Il, ,750, 600 gold by tomorrow's steamer
| They say they find gold the cheapest re-
mittance. They will ship more gold latel
in the week.
Raw sugar is well balanced, refined dul
and disappointing.
Joseph says: Don't te alarmed at th'
probability OF S5, 900, 900 gold exports
Hold the Changers and Coalers. y
w. II. Crossman & Brother will shil
81. 900. 600 in gold on tomorrow's steamer
1t is believed that Hard ~ Rand, als'
Handy q Harmon will export gold tomor
row. Nesslage & Fuller will ship s100, 600
ToDAY's STOCK BOARD.
WALL STREET, Aug. 20.-The TRADING
was fair and prices generally easier at tn
opening. Sugar was sold heavily and re
| acted 2 per cent. to l10lo. The decline II
the rest OF the list was trifling. Tobacc
was buoyant and sold up 4l2 per cent. Z
96lo, but went off TO 9il2 soon after. Th
! preferred reacted i per cent.
WALL STREET, Aug. 20. Tobacco CAV
way per cent. TO 933a and Sugar - t
1lOlo. Speculation Is now strong in ton
under the shape of coalers. n. j. Centra
jumped 3, per cent TO 10S. Susquehann
& Western preferred ia, and Delaware
Hudson 1ls per cent. Sugar rallied
/ Ills, but Il went down TO 1103s
Shortly after IL o'clock a general reac
tion set in, Lake Erie & Western pre-
ferred selling of 27s; Pullman, 2; Nel
Jersey Central, 112; Leather preferred, ls
and Chicago Gas and Erie Telegraph
II, per cent Toward midda
there were fractional gains j
which the Industrials were most promp,
In view OF the heavy engagements OF gol
for shipment to Europe tomorrow, tn
market has i'm the main been fairly we
held 1t Is expected that today's gol
Withdrawals from the sub-treasury wi
bring the Government gold resery
below the 100 million limit
unless the bono synolcato man.
TO-DAY. This 1t Is expected will be done
as on previous occasions when the limi
was nearly reached, but no member c