The Providence news. (Providence [R.I.]) 1891-1906, 1895-09-30
FINANCIAL NE VS..
EverythingCo Continues to Hinge
Upon Gold Situation.
Today's Market Opens ~DuII-LikeIy
to Remain So.
Special to The News.

NEW YORK, Sept. 80 - Everything con-
tinues to hinge upon the gold situation,
and II is probable that the mercantile
house of Crossman Il Brother, who have
been shipping SO much gold, VIII again
this week make additional exports.
The emissions, however, are not causing
any very wild excitement and the best
houses in the street believe that with any
recession In prices, particularly for the
active stocks, these may be bought with
perfect safety. While professional scalp
ers are inclined to contest each and every
advance that takes place in the market,
those who are ordinarily the great fac
tors on the bear side attach seemingly less
Importance 20 the expert of gold than
men who persistently hamper and pound
the market suspect.
There is no doubt whatever that two,
at least, of the oldtime prominent bear
campaigners have taken their lines OF
stock and are now, IL not openly convert
ed to the bull side of the market getting
hold OF some securities with the intention
of keeping them for the big money that
will eventually be found in them. For
the moment traders may monopoliZe
dealings because there is a certain indis-
position on the part of prominent opera
tors to force activity. They recognize,
however, that no long stocks are pres
sing for sale and that II is infinitely
easier to marx up prices of almost any
thing IN the listed or unlisted department
of the New York Stock Exchange than ii
is to bring about even moderate reces-
sions.
1t is not unlikely that some important
developments will shortly be forthcoming
in the coal trade. Those who are in
touch with the anthracite condition of
affairs are taking a more cheerful view of
the situation and they believe that prom
inent Vanderbilt interests, aided by the
AZ A faf In antx 80
Bank, will, before tn e15th OF next month,
nave perfected negotiations that will
permanently establish the anthracite
trade on strictly business and paying
basis.
st. Paul, by all accounts, is good for so
and reactions from these figures will be
limited to comparative fractions. In spec
ialties further rise is expected, not only
in General Electric, Louisville 4 Nash
vile, Atchison and Western Union, but
likewise In Z. Il. q. The short interest
in Quincy" is large and Mr. Cammac!:
believes that this stock is dangerous to
fool with for the moment, on the bear
side.
GENERAL FINANCIAL NOTES.
Dow, Jones & Company telegraph the
following: "London Special. " ~ learn
from the highest possible source that the
gold which Crossman & Brother are
sulpplng from the united states ~ gong
to Russia in connection with Chinese
finances. The amount of gold to go is
uncertain, Dut is probably large. Ex-
change cuts no figure in the transaction -
Atchison earnings for the third week of
September increased 1884; whole sys-
TEN. S18.345.
The settlement OF Distillers' fight is
virtually announced. The bonds were
delivered to the reorganization committee
at 80 and the whole settlement is con-
sidered favora BILE.
Coal prices are higher than those of
September, 1894.
Higher rates for money are expected.
Gold reserve this morning, s92, 700. .067.
Since the present movement started S32,
452, 900 gold has been withdrawn from
the treasury
London is a to 3s lower, Canadian
Pacific being the only exception and
showing an advance of per cent.
Joseph says: keep your weather eye
on the Chicago markets and do not be
the least bit afraid to have some Wheat in
your bin. You will get 20 cents for De-
cember and probably so for May. Whis-
key is good for 30; insiders have not sold
a share as yet"
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