The Providence news. (Providence [R.I.]) 1891-1906, 1895-07-19
FINANCIAL NE VS.
special 10 The News.

NEW YoRK. July 49, While tho bear party
feels as confident as ever OF its position IT !.
nevertheless conceded that the short side on
the market is not likely TO be the popular one
for some considerable ume, especially az
the chapter OF accidents VIII favor bullsh
speculation from this on. III, as Is deemed
highly probable, Europe pulls on it's boots
and the markets abroad develop that activi-
ty which foreign bankers are inclined TO look
Tor dealings on this side Will certainly be-
come more voluminous and with broaden
ing OF speculation prices cannot fail TO show
a decidedly advancing tendency, ~ Is not
10 be denied that the attacks upon the Indus
trials that have been the feature OF the I'M
mediate past have failed 10 dislodge long
holdings in any other direction. Ordinarily
sueh an onslaught as was experienced in
Chicago Gas, Tobacco, Leather ana other
trusts would have weakened the entire
financial fabric and would have brought
down the railroad stocks and inyestment
holdings alike with a dull sickening thud
IL Is a matter OF history however that the
attacks failed TO bring out even moderate
line OF investments or other holdings thus
corroborating the statement that stocks are
not held TO any extent in brokers offices.
1t is believed that the coal situation viii
como prominently forward in the course OF
the next few days. Many Of the sales agents
are as morose as ever ana insist that tho
situation gives an evidence Of clearing up, but
beneath the surface negotiations are going
forward that will, in the course OF Few
weeks, probably by the end OF the month, put
the condition Of the anthracite affairs on quite
another plan. IL is sufficient 10 state that
the large interests still cling TO the bull sideN
at the rate OF 100 TO the question is often
asked how IL Is that the bears make money
and the bulls make losses. The fact OF the
matter Is when either "A large or small Dear
takes a position in the market he does 30 IN
an atentative manner He stands ready 20
change at almost any moment. III he nnds
the stocks ne cold can't be borrowed and that
he Is mulcted In premiums of LEA to l'2 per
cent per day for the yUe OF thi stocks that are
necessary for MIN 10 deliver lac does not fool
very long on the short side; he simply covers
outstanding lines
propitous moment before he again tackles
the short side.
The bull or that is to say he of hopfeul tenn
permanent buys stocks and sits on his puE.
chase. A few years ago he bought Missouri
Pacific at us. B.& y. at l56, X. l. at lU Atchi-
son at llg, and L. +. at l45 Many OF the Dulis
take their position and when the markets
yield from To Topper cent. the bears nave
been responsible for the raid. The market
continues to 90 down and as was the case
with Atchison when the. stock struck 70
share after Suftfng AZ fz1 but seven years pre-.
viously the bull then mentally inquiries OF
himself whether he shall pay the assessments
on the stock or let II 40.
GENERAL FINANCIAL NOTES.
The gossip turns mostly on the gold situa-
tion and II is now said that $4,000 Is likely
10 20 out tomorrow.
London II irregular and generally lower
for the principle arbirtage shares.
j. S. Bache a. Co. say that W. IA. Crossman
a. Brother announce that they VIII ship be-
| tween 10000 and 81 ,00), 000 gold Saturday.
IL &. Is. * q. recedes 20 bJia pool STANDS
| ready 70 take 10000 shares, says Joseph.
George NJ. Pullman conferred yesterday
! with Reading receivers in regared TO build
| ing 1000 cars.
Southern Railway earnings for the second
! week of July increased S33,Ol2; for two weeks
| in July, increase, S42,6ot
Moloney goes TO Philadelphia next week TO
! take testimony 10 the relations OF the
| Fidelity Trust Company with the Chicago
| Gas Company.