The Providence news. (Providence [R.I.]) 1891-1906, 1895-10-07
FINANCIAL NE WS.
Wall Street Governed by Pes
simistic Operators.
London Makes a Handsome Advance
Because OF Kaifirs.
Special TO The News.

NEW YORK. Oct. 7.--It is true that Wall
ssreee Is temporarily governed by operators
| oL pessimistio turn of mind-those who espouse
the short side of the market as much from
| choice as from necessity and who threaten
70 ieave no stone unturAed in order 10 bring
| apout "readjustment of values" The
safest, most conservative people i'm the street.
| however, are arrayed upon the bull side and
70 .nose nervous customers who scarcely
nnow whether they are on foot or horseback
snSy say You will make no mistake II you
follow the advice of Abraham Lincoln-' Never
sswwsP horses while you are crossing a stream.
SUCK 10 your bull colors. hold on TO your
STOCKS Hke grim death. Don't let them be
.aMen out OF your grasp, because you are GER
sh ,ahn 10 see full and complete recovery. and
wneh the equilibrium of the market is re-
stored prices will rule higher than ever"
TOT the moment traders monopolize deal
anss because there Is certain indisposition
.t On tne part OF prominent operators 10 force
scuvity. They recognize. however, that but
aow' ~ any. long stocks are pressing for sale
and that IL is Infinitely easier to mark nm
prices of almost anything in the listed or mn up
listed departments of the New York Stock
LxGhanRe that IL is to bring about even
AS FAR as general business is concerned. ALI
authorities agree that the outlook is decidedly
sn,cSo1raging. ,S The iron trade. which may be
sa'u 10 Dc the foundation upon which pros-
perity rests, shows considerable activity and
the reports from all leading authorities are
the very best.
2 Railroads will have all the business tbev
can possibly attend 10 for many months to
COINS hno the result will be such improved
osl lnii,,es IN gross an net that in due course
must lean to larger dividends.
GENERAL FINANCIAL NOTES.
London Is over its Kafir scare. as pricss
~, from tnere are strong at about - above.
ms VIII help the market here.
"A iurther decline in Sterling rates is pre-
oicted as result of the decreasing bank re-
serve ana higher money rates.
me faris market for Kaffirs shows a marked
iinprovement today. which has brought about
tne recovery in London. a fairly large buying
ol american stocks resulting.
" ". =. a st. Louis earnings for the fourth
WEEK OF September increased SS6; for the
month, increase S2s. 4s5.
treasury gold this morning, Sp3, OO6 e57 The
excess OF United States Treasury expenditures
SO TAR this month. 50, ,s25, 100.
Inc freight war began in Colorado today.
Atcnison receivers have secured the sane
tion OF the court TO the reductions.
Ihe fall In Berlin and Paris exchanges in
London saturday indicated a further conti-
mental demand for gold.
:, mr. Moloney, according to Dow, Jones a.
company. says he intends TO study the Gas
plan carefully, and If IL violatdes the law in |
any respect there will be no reorganization
while he Is Attorney General IL he can pre- |
vent it. P''
Liverpool cotton market is quiet and prices
Unchanged; middlings ss4 sales, 5000 bales.
utures barely steady al about 15-64 10 l-64
decline. -
NEW YORK STOCK QUOTATIONS..