The Providence news. (Providence [R.I.]) 1891-1906, 1895-08-27
FINANCIAL News.
Everybody Who Gould Has
Gone to Boston.
Consequently There Is Little Doing
In Stocks Today.
Hnacial To The News.

New YORK, Aug. 27.-It Is CONCEDED
by all who know anything about the raii-
roads of this country that physlcaiiy ot.
Paul IL in excellent condition ana lnae
in no time during the panics dia sunes
proportionately TO other roads. IL olu
relatively better than Rock Island and con
sidering that the company sold no ponos,
| 1t occupied position that was not even
| second to c. b. O. 1t Will thus De Seen
| that selling but a score OF points ABOVE
panic prices, st. Paul, now hrmly es-
tablished, is in better condition than
any other of the Changers to score a SUD-
| stantial advance.
London is very strong; all stocks are al
from IA to "a advance from our CLOSING
| prices.
The Erie plan is well received here, as
well as abroad, and it is expected that
1t will be put through rapidly.
Trade conditions are still causing bear.
ish talk on Sugar, and IL Is understood
that further reduction in the renheo
| will be made.
Joseph says: "Under the plan OF the
Erie reorganization the generals tare
| comparatively sumptuously, and consio-
ering their present selling price there
should be at least 10 points in bulling
them. Watch Cordage firsts and get some
ALL KNIGHTS TEMPLARs
The Providence stock market is prac-
tically deserted today, for every body VINO
|
knights Templars conclave In Boston.
There is no Boston market, either.
Those who did not go TO Boston went
TO Newport TO see the tennis finals, so,
altogether, il is pretty dull on the
"street."
WALL STREET, Aug. q. -. Money on call
easy at / per cent. Prime mercantile
paper "a to 3 4. Sterling exchange
steady to firm, with actual business In
bankers bills at a. S9a1- 1-2a3-4 for demand,
and at ASS 1-2a3-4 for 60 days; posted
rates 4.S9 1-2 4.sO IL: Commerelsai sz q
4.s7 1-2a3-4. Silver certificates G6a67 1-s,
no sales. Bar silver SO "a; Mexican dol
lars 50 Ia; Government bonds generaiiy
firm and quiet; higher.
, ToDAYs STOCK BOARD.
WALL STREET, Aug. Z7.-TThs stock
market opened strong and animated.
Erie showed gain of IL per cent.
Atchison preferred 13-4; Northern ia.
cifc preferred Ia; Rock Island, Union
Chicago Gas was raided and went Oh
! Is per cent
Q Values continued to trend upward aftel
1915. Tobacco gained 6-s per cent;
Sugar 1-2, and Denver x Rio Grand'
: rs. and Baltimore & Ohio per cent
. Erie preferred rose to 25 1-2 bid; % Il
the final sale of yesterday. Speculation
was generally easier just before noon, bu
the losses were trifling outside OF TO
bacco and Leather preferred, which de
r clined 7-S and 1-2 per cent. respect
!, lively.
II NATIONAL TREASURY sTATEMENr.
. WASHINGTON, Aug. u. -Today's state
@ ment of the condition OF the treasur
l. shows: - ., ., =,
Available cash balance, s1S2 352, O4i
: gold reserves, 500, 962, 240; net silver
n S2S, ,O07, 96I net silver OF 1880, {. 70; Unite
is States notes in the treasury, SO 1Ol, 3ls
treasury notes in 1890, s32, 593, 429; tott
!. receipts this day, s712, LAO; this mont
>, s24. sic. 141; total expenditures tn
!, month, s532, 600; this month, go, 9S6, SO'
:, NEW YORK, Aug. 27-Cotton spt
. closed steady; middling uplands, l2-l'
re- gulf 3-16; sales, 654 bales
a. COTTON.
pie p Liverpool Cotton futures opened veal
~ ~ demand moderate at 2-64 advance; sale
~ II ,0o0 bales.
New York-Cotton futures opent
steady at the decline; sales 1000 bale
January ISL; February ISIj March Is
OF September Z. 80; October 1855; Novemb
IS 76S; December ga.
NO 1