The Providence news. (Providence [R.I.]) 1891-1906, 1895-07-11
FINANCIAL NE VS..
Everything BuIIish Today Be-
cause Of Crop Report.
Missouri Pacific Appears to Be Going
Much Higher.
enecial 20 The NAr.

NEW YORK, July II. The crop report
Is the card. II will make most comfort
able reading, particularly for those in
vestors and Others who are long OF the
Changers. No bigger bull argument could
possibly be advanced in G., Il. & O., 81.
Paul. Rock Island and Missouri Pacific,
as The Herald says today.
AS calculated by the statisticians of the
New York Produce Exchange, the report
indicates a total yield OF Wheat II, 900 600
bushels less than was indicated by last
months report. Today,s figures indicate
q possible yield of 396, SOC, 000 bushels of
both spring and winter grain, against an
actual yield of 460, 267, 900 last year, de-
crease of 63, 0O0, 900 bushels, or about 2
per cent. The government figures on
which this estimate is based are OF July 1.
The condition of corn, as stated in the
last report, is e9.3 per cent, or nearly per-
feet, and the acreage is 2, 600, 900 TO q, ,OO0,-
600 acres more than last year, which
would indicate a possible yield OF 2,353,-
600, 600 bushels, or nearly double the
actual product OF last year.
There has been excellent buying in
Missouri Pacific, and it is understood that
this stock will sell very much higher.
Some very powerful interests have been
accommodating the shares fer some time
past and, independent of the fact that
there is a short interest in Missouri Pa
cific, the stock ought TO have an apprecl-
able gain simply upon the prospects for
the year.
Louisville & Nashville is as good as any
OF the Southern stocks 10 purchase, al
though Southern Railway preferred Is not
likely to prove a laggard.
The last New Englan@ story is a traffic
alliance, including n. Y. * n. E., and
Reading with n. Y. c., Boston & Albany
and n. ", n. II. q IL. also that Nor
gan, Rockefeller and associates now con-
" a
Papers say the shorts are covering In
Chicago Gas and intimate some inside
buying at the low figures yesterday.
London shows no encouragement; prices
Is lower.
Billings OF the Chicago Gas Company
SAYS that President Lincoln will not re-
sign, and there will be no reorganization.
Dividends cannot be paid until the in
junction obtained by the Attorney-Gen-
eral has been removed. Still, dividend
has been earned and is still there.
ToDAY's STOCK BOARD.
WALL STREET, July 1.--Stocks opened
active and firm. Chicago Gas was in de-
mand and rose TO 81 rs, and fell off TO
66 3-S. The general market was weak,
and declines were registered, ranging up
to Ia per cent. Tennessee Coal was in
the lead. The Changers, Sugar and To-
bacco, Leather and Missouri Pacific were
also prominent in the recession. New
England was weak and lost 1-2 per cent.
Stocks continued TO decline after Ii
o'clock, Chicago Gas selling off 8 per
cent, Manhattan ] and other leading
stocks fraction. Before noon, the tenn
per of speculation underwent change
and a slight improvement was made in
the general list, while Tennessee Coal rose
III per cent Sales TO noon 143, 700
shares including $500 listed, and 15,-
900 unlisted.
The bears succeeded in bringing about a
reaction after midday by raiding the In
dustrial group. Leather preferred fell off
] rs, Chicago Gas, 3-S, and Sugar and
Tennessee Coal, per cent.
Money on call nominally / and 1l2 per
cent.