The Providence news. (Providence [R.I.]) 1891-1906, 1895-10-24
FINANCIAL NEWS
High Gas Authority Satisfied
With New Plan.
Important Developments In Whiskey
Trust Due Next Week.


NEW 1ORk, OCl. "a. pocibb W
be quite liquidation all day throughout
the lisr and when Sugar broke 1t stimu-
lated selling all around. Mr.. Keene was
thought to have started Sugar downward
and We'll brokers were quite free sellers.
The general sentiment was more bearish
on the idea that as the market had start
ed to go its decline might be quite rapid.
London was a moderate buyer OF st. Paul
and apparently did little elsewhere in the
list. The sharp rise in ksffirs had no
effect upon the market. In fact, good news
of any kind seems TO have had lost all
power to effect prices. There was some un-
easiness over the stronger sterling market
and the drought in the winter wheat
states began 10 affect operations OF people
who appreciate its Importance. The heav-
mess of all the Gould stocks added to the
general bearish feeling and after the close
the street sentiment was decidedly favor-
able to a lower market today. The loan
market showed little change, with free sup
ply OF stocks.
One of the highest authorities in Chi
cago Gas, after looking over the situation
yesterday, made the deliberate statement
that he was thoroughly satisfied that the
proposed plan of reorganization would go
through all right. Whatever doubt there
may have been about the matter Is re-
moved TO his entire satisfaction. There
is no disposition to make any move in
the stock in the market with the general
situation tending downward. There 10 a
feeling. however, that there will be a
steady improvement In the price as the
work of reorganization progresses. A
good many buying orders are known to
be in the stock around 6Slo.
In the course of few days there W Ill
be some important developments In con-
nection with the Distillers' and Cattle
Feeders Trust. Judging from the buy
ing of the past week, nobody will be hurt
Who will take little Whiskey and hold 1t
for those definite results that will be
forthcoming before the latter part OF next
week.
The earnings OF st. Paul are superb
They show an increase of $192, 991. This
exhibit must certainly tend to give some
encouragement to holders.
II IL reported that Flower q Company
have been the most liberal sellers OF Sug-
ar and that they were given up on COM
paratively large transactions yesterday.
1t is true ttat Ex-Governor Flower is not
talking in particularly confident strain
for the time being, the only stock upon
which he speaks with any degree OF as
surance, that amounts to almost positive
ness, being Chicago Gas. The bear ar
gument on Sugar is that, notwithstapd-
evinces little or no rallying power and
that every time IL looks strong certain OF
the insiders feed the marhet.
GENERAL FINANCIAL NOTES
Mr.. Carnegie, admits that Russia has
placed an order for armor large enough
TO keep the Homestead plant occupied
for the next five months. japan 10 said
to be examining the armor.
Joseph says: "There is plenty of bull
talk on Sugar, but the stock does not
bull and sellers, which included Flower
Il Company, think that q lower range
of general prices is inevitable. Sugar
should be taken on a scale. Average st.
Paul Hold Chicago Gas and Whiskey.
Don't bull tobacco and sell Leather on
rallies"
London is unchanged for st. Paul and
Il better for l.. Il n.
Treasury gold, S92, ,9iS. as. Receipts ex-
ceeded expenditures yesterday by $500, :
293; excess OF expenditures over receipts
so far this month, 80, 63S, 653.
The PENNSYLVANIA Rail- Dad statement
for September shows: Eastern lines
gross increase, $2ss, 456; net, $50, 1874; west
eru lineo, net increase, s137, 1s6.
ToDAY's STOCK BOARD.
WALL STREET, Oct. 24-The stock
market opened fairly active but irregular.
The changes however, were in the main
unimportant. Sugar was being sold heav-
lily and went off 3, per cent? The down
ward movement was stemmed for brief
interval after 1915 a. m, and gains were
noted OF per cent, in Consolidated Gas
and Leather preferred and fraction in
the general list.
An advance in the posted rates OF
Sterling exchange TO 4Ssio and 4S9j2 by a
leading drawer had depressing influence
on the market, and under liberal selling,
n general reaction ensued, In which the
Changers, Missouri Pacific and Manhat-
tan were most prominent. There was q
slight increase In the volume OF business
after the noon hour and prices are shaded
all around.
NEW YORK STOCK QUOTATIONS.
REPORTED ny MILLER VAUGHAN