The Providence news. (Providence [R.I.]) 1891-1906, 1895-06-17
FINANCIAL NEWS.
Encouraging Summing Up Of
Present Possibilities.
Local Market Dull Because Investors
Are Going Outside.
social 10 the News

NEW YORK, June 1.-THE crop reports could
not possibly be better. and everything points
10 the conclusion that the harvest this year
will DO extraordinarily large. Owing 10 the
increased acreage Of corn, it is not unlikely
that fully 3 80 900 600 bushels will be success
fully raised. Tho Granger stocks are cor
tainly in trim 10 sell higher than they have
yet, and there Is every reason 10 believe that
G. Is. & O., and st. Paul will both reach ma
terribly higher figures. 1t is confidently be-
lieved that London will soon turn up sa
pronounced buyer Of stocks.
Advices from the other side say that the
markets there never looked more healthy,
and operators evince decided disposition to
increase their commitments. The most con
servative iobbers confidently predict a sharp
recovery all around. Both home and Ameri-
can railroads are in splendid form. The
cent hquidations in each department have
cleared the decks 50 that when IL comes To
action on the part of bull leaders rapid prog
ress will be made in the right direction.
Speculation has dwindled considerably in the
South African department, which must bo
considered particularly gratifying to those
who stand ready 70 espouse the long side of
American securities The favorites abroad
continue to be st. Paul. Lake shore and New
York Central.
There is no doubt but that a short interest
has been created in Chicago Gas again, and
that those traders who fastened TO sell on the
knowledge that the consolidation bill had
failed of passage over the Governors veto
will cover their shorts this week. and per-
haps begin earlier than is generality expected
on the announcement that Governor Altgeld
will sign fb,. InUanthal fnaa IN anuh1a
the Chicago Gas people TO stave off any further
blackmailins litigation.
Sugar will sell many points above its pres
ent price. Strong supporting orders have
been issued in the certificates. and the buying
is what may be termed "gilt-edged."
Some influential interests propose TO take
hold of Atchison. They say it has had no
advance but on the contrary has been very
much of laggard. Because of the enormous
increase in earnings, however, there is every
reason why the stock should sell up at least a
half dozen per cent. from these prices. exclu-
sivo Of the assessments.
GENERAL FINANCIAL NOTES.
London does not show any tendency; ST.
Paul and l.. 81 N. even.
The London Stock Exchange is asked TO list
S5. .00a. 90 MINI. 81 st. L., first consolidated
gold SIS.
Dcs Moines & Fort Dodge declared per
cent. on preferred stock. This road Is oper-
ated under lease TO Rock Island, at 30 per
cent. of the gross earnings.
G. a. o. has made a big cut in westbound
freight rates.
c. +. Yerkes has bought controlling inter.
est in the Diemens & Holske Electric Co.
Out Of ia counties in Missouri, the Demo
cratic committee of 1894 favors treo coinage,
is 20 /.
The London Chronicle has "a dispatch from
Odessa, saying the Russian crops this year are
almost equal 10 the big crop OF 1890
1t is claimed that the price war in spirits
has netted ID. G. f. a much smaller loss than
was expected, proving ability to operate
cheaply.
The four months statement of s. W., shows
"A deficit of S26, sos.
Tennessee Coal and Iron has advanced the
price OF iron.
Joseph says: "Whiskoy is about as cheap as
anything to buy for a speculative turn. You
will make a quick profit of a couple of points,
and II you want TO hold the stock, you will
get 40 for it this summer"
NEW YORK STOCK QUOTATIONS..
n 4 y