The Providence news. (Providence [R.I.]) 1891-1906, 1895-07-13
FINANCIAL NE VS..
Principal Point Of Interest
Regards Gold Shipments.
Cordage Security Holders Should De-
posit With Waterbury Committee.
Special to the News.

NEW YORK.. July l3-A house which has
been right in It's advices on ST. Paul told Gus
toners yesterday that there bad been no
change in the speculative position Of insiders
and that stock bought on III per cent decline
from the top was not likely TO go much lower.
who had had the % Grsnxers % had % not been @ able to
get market lately and that they would let
prices off in order to have the trading more
natural.
In some offices there is a disposition TO buy
ST. Paul and some Northwest on tire theory
that the fluctuations Of the market during the
fall will be likely to bring them nearer to-
getber.
The move in d. q. F. was a continuation Of
that which has been under way for several
days.
An interest which has been selling the stock
short continued the process. adding consider
able TO Its line.
The principal point Of interest is whether
gold shipment Is an isolated transaction. or
whether the movement viii extend further
Mr.. Colgate says it was the cheapest way
member of tho Arm Of J. p. Morgan says IT
was short-sighted action and great mis-
take.
The Exchange market was q little weaker
at the close yesterday.
The London market ~ g better
j. y. Morgan, President Williams OF the
American Exchange Bank recommended Cor
daee security holders to deposit their securi-
ties with the Waterbury committee:
S479 s92, 500 or 9s4, 90i shares of stock out of
total Of l,020 900
Joseph says: .'To export gold in, order to
glish saying 'skinning a louise for the sake of
its tallow' 1t is very doubtful whether the
most pronounced bears will find much COM
quick recession OF u to point"
Now York Central earnings for the month
OF June Increased si99.9O6.
Z. Franklin Nugent a. Co. q weekly market
letter says: "Chicago Gas will sell high in
the 7O's again. 10 looks to US as though the
ancient and honorable pool IN Sugar has been
dissolved ed and another pool not aplte so am am
parently working for higher. figures In this
speciality. The forcing of "shorts" may put
n. Y. 81 N. l.. higher but merit will ultimate
ly determine its value and though II may be
only after many days, still N. y. & N. K. viii
eventually seek it's level"
ToDA's STOCK BOARD.
WALL STREET, July l3-Tbe stock market
opened dull and easier There was a renewal
OF the pressure against the leading lndustri-
ais and Sugar yielded g. and Leather pre-, pre-,
railway list was neglected. The. small ship
ment Of gold to Europe by today steamer has
not had any effect upon the stock maket. Re-
Election over night evidently taught the oper-
ators on the Exchange to view the affair in
its true light and no attempt was made TO
raid the market or to create excitement over
o cry of foreign drain Of gold. The gold
shipment was smelters' gold. delivered to the
assay office and withdrawn in bars from that
Office and IN coin from the sub-treasury, so
that the Government lost no gold by the
transaction. While the market was somewhat
heavy during the morning, after lO:l5 specu-
lation trended toward lower figures with the
Sales TO noon, l0S. 200 shares. including Ca
200 listed and 1900 unlisted.
PROVIDENCE CLEARING HOUSE.
The clearings of the Providence banks to-
day amounted to S7s3, 100; for the week
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