The Providence news. (Providence [R.I.]) 1891-1906, 1895-03-26
NEWS.
Rumors of Gold Shipments
Again Becoming Prevalent.
No Electric ConsoIidation.-New Whis.
key Certificates-Short Notes.
Special 10 ,he News.

| ues TO be great deal of stress laid upon
the comparative strength of foreign ex-
change, and the fear is expressed in cer-
tain but poorly informed quarters that
| gold shipments will be resumed at an
early date. Those who are predicting
these emissions OF the precious metal are
| simply chasing in their imaginations
"will- o the -wisp."
They do not recognize that j. p. Nor
| gan, the Belmonts and the Rothschilds,
| who successfully fnanciered the United
States Government at a critical moment
and pledged themselves to put gold in the
United States treasury are masters OF La
Haute finance, and they have, SO to speak,
the exchange markets in the hollows Of
their hands. Call it manipulation, La
Forme Msjarne," or what you will,
the fact remains that the power that is
will rule independent of the adverse opin-
ions that may be expressed, and as the
same interests that are governing the ex-
change markets are largely identified with
the movements in certain railroad stocks
and bonds, and are giving their moral and
physical support to the markets, it is
safer TO follow them and their
operations than it is to bank upon the
uncertain utterances OF those whose
substantial improvement that the bankers
OF the street feel convinced is dawning.
The Importance of the Coal deal, now
in process OF formation, cannot be
over estimated. 1t Will do
much to increase confidence and
will have a tendency to attract invest
ment again to Anthracite properties. ID.
* II. is the cheapest of the high priced
Coal stocks, and even in a stiff per cent.
money market the stock is worth 140.
George Westinghouse, president of the
Westinghouse Electric Company, re-
marked last night that he had not been
in Boston, nor was there, so far as he
knew, any reason for believing that q
consolidation of the electric interests had
taken place sr was on the eve of consum-
nation.
Sugar is, of all the Industrials, the best
of the dividend payers. The outlook from
business point of view is daily becoming
brighter and people who stand very close
to the Havemeyers say that much Of the
profits that were lost last year because of
the strikes in Chicago, the failure of the
California fruit crop and other untoward
conditions will be made up for during the
next few months.
Sugar will in all likelihood sell at l25
and it will not take long for these figures
to be reached.
The feature in ID. c. +. was the borrow
ing of certificates. 1t undoubtedly was in
the power of a few people yesterday to
have made quite dist urbance, but they
declined to exercise it and the shorts were
supplied with all the certificates wanted
for delivery at difference ranging from u
to * per cont. The largest borrowing is
understood to have been by a prominent
house which took block of certificates
at * per cent.
General Financial Notes.
London is up for the specialties, but
there is no change in st. Paul
Silver was up x penny in London this
morning,
The ID. c. F. company has received
322 900 out Of total Of $4,000 deposited.
The new certificates were ready this
morning.
The reorganization plan was informally
discussed by Atchison directors yester-
day. A meeting will soon be called for
formal deliberation.
1t is said in Wall street that the pros
poets are excellent for an agreement be-
tween the Panama Railroad and the
Pacific Mail Steamship companies. 1t is
thought the Pacific Mail will transfer the
entire feet to the Pacific coast.
There were rumors of deal between
the Pennsylvania and Reading companies
but they are denied by President Roberts.
Total receipts at the Kansas City stock
yards last week were 77,547 animals, q de-
crease of 1853 from n year ago, and 1870
cars, a decrease of 3S7.
The American Distributing Company
will go ahead and build a new distillery
at Terre Haute.
Cotton.
Liverpool cotton futures advanced one
point; spot sales, 5000 bales.
New York cotton futures opened steady
at the advance; sales ZOO. March,
$40; April, 6.22; Nay, 500; June, 6.27;
July, 627; Aug, $50; Sept, $50; Oct,
6.3i; Nov, 6.40; Dec, 6.45.
Today's stock Board.
WALL STREET, 1915 a. m.--The stock
market opened active and irregular. The
more prominent changes either way were
Edison Electric of New York advanced
] per cent; Hooking Valley, 5.S, and
Reading and Leather preferred, y; Sus-
quehanna & Western preferred, declined
Ia per cent; Delaware a Hudson, q 4;
and New Jersey, I. Market now tending
downward.
Railroad Earnings.
%. a W.-3d March, dec, s6l57
X. g., TT. S. e. NJ. system.-2d March,
s79s4S; dec, si27s.
st. Paul. Sd March, s509s52; dec,
1894.
l.. Il. 4 w.-3d March, 66,21O; inc,
fiO539.
C2d March GOO 100. dac sg5ee