The Providence news. (Providence [R.I.]) 1891-1906, 1895-11-13
FINANCIAL NEWS
Sugar Bears Views Are Still
Unchanged.
Whiskey Agreement Will Operate
With Little Friction Margin.
Special TO Tho News.


NEW YORK, Nov. 13.-Tbe buying in
Sugar was generally in scattered lots.
There was an impression that the stock
would be lifted several points on account
OF a supposed wish to shake out certain
bears. There appeared 10 be no special
effort to prevent a rally and the slug
gishness of the advance left traders In
doubt. There were about 5000 shares
one around par just before the close, and
the fact that the bid slightly advanced
led to some expectations OF further i'm
provement today. 1t is certain, however,
that those who have been bearing sugar
do not change their view except Tor O
temporary rally. The following state
ment is from good authority: 1.-The
agreement between the American Spirits
Company. the Distributing Companies
and the Independent distillers is the re-
suit Of very careful study in the question
OF the profits which the trade can make
without exciting competition. The
profit intended has been figured on the
theory that while IL will be an adequate
return on the investment for q well
equipped company, with its arrange
ments for distribution satisfactory, il
would not afford a profit TO a concern
operating either on a small scale or with
out first class distributing connections.
The agreement is intended 10 operate
with as little margin for friction as poe
oAoaO 80 kaS BbA@@
are TO be governed by changes IN the
price of corn. The allotments are salts
factory and the business has been ar
ranged on lines regarded as entirely legal.
The firm OF lawyers which prepared the
information on which the Supreme Court
ousted the old company has passed upon
all law points in the reorganization.
st. Paul closed 3 per cent. above the
owest OF Saturday. This did not agree
with the view of those who have held
that because the stock did not go down
easily II would rally slowly. The i'm
provement was very gratifying to those
who have stoutly maintained that ST. Paul
would lead the next advance. Gables
made inquiry into st. Paul's affairs as -
some of the recent sellers were disposed
to take back stock. The monetary trust
was credited with helping the rise along.
The ease with which the Changers
mount is an evidence that the bear cen
tracts outstanding in the Western group
exceed all previous estimates. There are,
of course, some legitimate reasons for
looking for Rock Island and Z. b. O.,
and It. Paul for sell very much higher.
The dispatches from all parts Of the coun-
try tell of the enormous business that he
Western railroads will be called upon to
handle in the almos immediate present.
GENERAL FINANCIAL NOTES.
The London market is rather mixed,
hituOuBH 1OusOls uIc up o-lO iOt hhOhcy
and bio for the account. Atchison m
Union Pacific are X lower; 81. Paul,
Llower; L. * n. ana Erie, Il higher.
Treasury gold this morning, S92, 9lS, $50.
The president of one of tue Granger
roads says that st. Paul will be the most
fortunate road in the West this year. The
net earnings for six months will show up
equal to 1891 and 1892.
Exchange is q little weak. 1t is impos-
sible to say whether gold will be shipped
Saturday.
The Kansas State renort makes the area
of winter wheat 2, $3.50. $50 acres this sea-
son, or 20 per tent. of last year. The corn
crop is POI, 457, 396 bushels or 3, 200, 600
bushels less than the Government esti-
mate.
Joseph says: at Is conceded that the
market is professional, but as ex-lnspec-
tor Williams OF real estate in Japan Iame,
would say, 1T has possibilities Mr.. j.
p. Morgan proposed to give an exhibition
of strength with Southern Railway pre-
ferred that would put ever Sandow on his
mettle or muscle. IL is no easy matter.to
lift S175, DOC, 600 preferred and common
stock of one company, hut this is the
feat tina j. p. NJ. has set out to perform.
Buy little Southern Railway preferred. ("
London spot Copper, "a 3-S; futures,
Al ga.
Bear operators say that IL the Bank of
England discount rate is advanced TO 3
per cent. tomorrow carrying charges on
Americans will increase so that further
liquidation will surely follow.
LOCAL Toe QUOTATIONS..
PROM MILLER a VAUGHAN.