The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-18
FINANCIAL NEWS.
Gold Exports Are Causing Cohsidera-
bic Talk Again This Week.
Buying In Lake Shore-Manhattan
Adyance-General Notes.
Special TO The News.


NEW YORK, Jan. 1S.--Those traders who
are bearishly inclined continue TO harp
upon gold exports and the probability
that between this and the end OF the
month from 5000, 600 to s6,0O0 900 will go
forth. Right here it may be said that
while professional scalpers are in
clined to contest each and every
advance which takes place in the
market, those who are ordinarily the great
factors on the bear side attach, seemingly,
less Importance to the exports OF gold
than those who persistently hammer and
pound the market have any idea of.
The buying OF Lake Shore recently has
not been exclusively in the the interest
of the VanderbilIs or investors. One
prominent bear operator has picked up
1900 shares of the stock from which he ex-
poets to maize $4,000 before he goes to
Europe this summer.
The impression among the shrewdest
judges is that big money will be made on
the bull side of Lake Shore, Delaware d
Hudson and Rock Island in the railroad
shares, while Sugar will be the prime
favorite among the industrials and 1T
will pay better to hold until the end of
April than any other speculative security
listed on the stock exchange.
1t is more than probable that in March
Rock Island will return to 4 per cent.
basis. particularly as those who have been
buying the stock on the direct advice
of the president are told
that its earnings for the
coming fiscal year, Notwithstanding the
general outlook, will be larger by per
cent, in the net at least, than were those
for 1884.
General Financial Notes.
Ontario & Western earninrs for the Sec
ord woeS of January i icret 8 ID sE455.
Liverpool cotton sales 1900; futures y
per cent. easier.
The advance in Manhattan that was q
feature of yesterdays business was not due
entirely to the covering ofshorts. A. Hew-
lit will from now on become prominently
identified with the rapid transit commits
sion and it will be years before the Man
haitian will find any successful or form!d-
able rival.
Heidelback, Ickelheimer & Co. will ship
between S5O0, 600 and s600, 600 gold tomor-
row; total gold ordered thus far,
&, $50, 900.
London is buying Atchison securities.
Stock prices from there are fractionally
higher.
Receiver were appointed yesterday for
the Bankers Loan and Investment Com
pany of 40 Wall street.
-Fhere are rumUrs OF an issue OF Lake
Shore stock in sufficient amount to retire
maturity bonds.
The gold balance in the treasury Is
S74, ,173, ,3l6.
The Government has ordered the trans
fer of one million gold from Philadelphia
to New York.
The demand for municipal bonds of the
middle States is exceptionally good. G.
Franklin Nugent & Co. report that they
and their Boston connections, Spitzor a.
Co., have sold about =, 500, 900 OF this grade
of bonds since the first of the year.
Cotton-Futures opened quiet and
steady; sales $500 bales. January, 5.57;
February, 5.57; March, 5.62; April, 5.65;
May, $50; June, 5.74: July, 5.76; August,
5S2; September, 5.S5; October, $50.
Arbuckle Brothers will ship s500,000
gold, Lazard Freres, s1,250,000, and Laden
burg, Thalmap & Co., 100000.
Providence Clearing House.
The clearings OF the Providence banks
today amounted 10 1886, 100.