The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-30
FINANCIAL NEWS.
Difference Of Opinion as TO Course Of
the Market.
Manhattan Elevated Boom-Down
With Whiskey-Spicy Notes.
Special to The News.

New YORK, Jan. 30.-Those who are
watching the course of events closely and
who have excellent Information from
Washington, say that in their judgment
the financial atmosphere will clear mate
rally during the next 10 days, and that
the screws will be put down SO forcibly
upon Congress that even IL no positive
action is taken upon the currency during
the last few days of the present session,
matters will SO shape themselves
and public opinion will be
so indelibly moulded that when
the Fifty Fourth Congress convenes, as IL
will in the event OF failure on the part of
the present solons, it will take compare
lively little time for it to
pass that question, which, it is
conceded, will do more to restore
general credits than the aggregation
of every other favorable conditions upon
which the commercial and financial COM
munities are inclined to bank.
For reasons that will suggest themselves
almost Immediately TO every think
ing mind, the market is not
likely to either become broader
or buoyant. The January boom, of which
so much was expected and of which SO
little came, will unquestionably give
place to a dull, il not stsgnant market
during the next 10 days or two weeks,
and those operators who always stand
ready to lend helping hand in the bull
cause will, they say, wait until they can see
their way little clearer. III the evidence
is presented that relief may be ex-
pected from Washington they will not
stand upon the order of buying stocks,
because they are convinced that with the
settlement of the currency question, or
the knowledge that the United States Will
continue upon gold basis, these foreign
capitalists will buy American securities
because they recognize the wonderful
recuperative power OF the country and
feel assured that the disease it Is suffering
from is simply caused by nervous appre-
hension regarding the currency question.
On Monday THE NEWS made the ex-
elusive announcement that the report
TO be submitted by Abram Hewitt and
his corps OF experts on rapid transit
would favor the Manhattan Elevated
Company more than any one had any idea
OF. The suggestions that are officially
made now warrant the predictions that
New York will be given rapid
transit in the course OF a compare
lively short time The Manhattan
company, that was oil along denied its
rights because OF Tammany Hall in poll
tical influence, will now, under the pre-
sent administration, doubtless launch
out into field OF usefulness which will be
beneficial to the city and railroad company.
In due course some valuable "rights" will
be given TO the stock holders OF Mnnbat-
tan and 1t Is not unlikely that ifnnything
OF q revival OF bullish speculation Is ex-
perienced, Manhattan stock will return
TO those high prices which prevailed a
couple OF years ago.
"Give them rope enough and they will
hang themselves" The whiskey thieves
are doing their best To get them
selves where they rightfully be-
long in State Prison. They
are leaving no stone unturned TO
hide their rsscality and stockholders will
be foolish indeed II they help the wreckers
in their efforts TO keep the public from
knowing the dastardly inside workings OF
the Whiskey~ Trust. The stock
holders can do this by becoming
frightened and pelling out thelr stocA,
thus ens sblins those who have mismsu-
aged the property to cover and to keep
themselves in power