The Providence news. (Providence [R.I.]) 1891-1906, 1895-09-26
FINANCIAL NE VS..
Stock Exchange Governors
Did NotAntagonize Sugar.
New Deal in Louisville & Nashville
Acceptably Received.
Special TO The News.


leading commission houses in the street
who watch the loan crowd very closely,
say that the short interest, has been un-
questionably increased in quite number
of directions, and that il will not be sur
prising II materially higher prices are es-
moment is recorded.
With the arrival OF President II. o.
Havemeyer from Europe, there promises
to be some lively times in Sugar, and
those people who have been using Mr..
Havemeyer's name very freely, insisting
that he has not only discountenanced.
but has helped the decline in the price OF
Sugar certificates. are likely TO be called
up with short. sharp turn. A great
deal OF stress Is being laid upon the fact
that the "pop-gun" measures that are
likely to be introduced at the forthcom-
ing meeting of Congress will act seriously
TO the detriment of the sugar company.
Nobody who is watching the political sky
can discern any suspicion of the further
tariff agitation. Leading senator's, men
OF experience and whose opinions are GER
tainiy worthy of considerate attention,
insist that there is nothing likely to be
done this winter at Washington that will
cause ripple upon the surface OF trade
conditions. Whatever transpires in Con-
gress is likely to be for the general good
OF the country. In the meantime Ii Is
known that the sugar company is pursu-
ing the even tenor of its way, and Is max
ing considerably more money this year
than 1t had made at any time since 1892.
There is new deal in l. & N, and the
stock is said to be good for sharp rise,
and 1T Will sell some points higher be-
tween this and the annual meeting next
Wednesday.
ToDAY's STOCK BOARD.
WALL STREET, Sept. 26.-The initial
prices were as rule slightly above the
final transactions of yesterday. with the
gains most pronounced in the Industri-
ais. Large blocks of Distilling changed
hands at from 23la to23 5-s Current quo
tations record an appreciation in Chicago
Gas of 7-S and Sugar and Tobacco 5-s
per cent.
COAL PRICES ADVANCING.
WALL STREET, noon. - The Coalers
loomed into prominence after II a. m,
rejecting the advancing tendency Of the
coal prices. On good buy ing Reading inn
proved rs per cent. The purchases Of
other stocks of the group were less ex-
tensive but higher prices prevailed, ex-
oept for Lackawanna, which reacted an
unimportant fraction. Delaware & Hud-
son rose 1l2, N. j. c., Ill and Susquehan-
ma and Western preferred / The subse-
puent strength of these stocks impaired @
firmer toneto the general market and re-
coveries were noted, extending to 3-8
per cent. In Tobacco. Speculation IS
strong in tone. The sales to noon were
1877, 900 shares, including 123,0OO listed
and IA, 600 unlisted.
MONEY ON CALL.
WALL STREET, noon-Money on call
easy at 1I2a2 per cent. Prime mercan-
tile paper 4l2@5 per cent. Sterling ex-
change weak, with actual business in bank
bills at ASH $50, for demand, and
s7i2@4saa for 90 days. Posted rates
4.SSa4 so and 4S9d4.90. Commercial
bills 4.S7 silver certificates 67@67 3-s; NJ
sales Bar silver 66 rs; Mexican dollars
5SL. Governments firm.
GENERAL FINANCIAL NOTES.
The London market is Is better today.
The governors of the stock exchange
decided yesterday not to demand an &C.
counting from Industrial companies at
present.
The "silk" sale was very successful yes
terday, and money is up IA per cent.
Late yesterday, No. refined Sugar was
advanced 1-16 to Al, per cent.
Treasury gold today, sos, S9S, 900.
Exchange market is heavy; still some
gold is likely to be shipped Saturday as a
large number of cables were sold yester-
day, amounting to 150, 600 pounds.
Joseph says: "The governors of the
stock exchange did what every sensible
man knew they would. They did notn-
c. Il. Is sale for point or two. Buy
l. d NJ, and hold the stock"
The Wool Trade.
The American Wool and Cotton Re-
porter will say tomorrow OF the wool
trade:
The market hss ruled rather quiet in
New York, but I'm Boston considera BILE
strength has been shown and good mis-
cellaneous sales are reported. Fine fieeces
are exhibiting good deal OF vigor, in
sympathy with Australians; medium wool
is beginning to participate in the i'm
provement for some time so apparent in
fine stock. Every advance in wool abroad
brightens the outlook for American man
ufacturers, since il makes II more impos-
siole for foreign Manufacturers TO deliver
duplicate order OF spring goods at present
prices.
NEW YORK.
This market has ruled quiet and sales
have been small. Prices on domestic
wool have been little unsteady, due TO
the slow demand, and some slight shad-
ing OF asking prices might have been OBJ
tanned. Rates now show an improve
ment and market very firm; short supply
IN this market and higher prices abroad
have caused dealers to entertain higher
ideas: Fleece wool is very strong, as is
also fine and medium Montana. There
has been more sampling in carpet woods,
but sales have been small.
The sales OF the week were lis, 500
pounds domestic and 44s, 900 foreign.
a total OF Ii, 1886. 500 pounds do |
nestle and 30, SOS. 600 foreign since Jan. l. |
az against II, g39, 900 pounds domestic |
and 10, 53s foreign for the corresponding
period OF last year.
BOSTON.
The market has ruled strong; sales have |
been much larger than last week. The de- |
mand has been OF miscellaneous charac-
ter. Territorial woods were consider |
able factor I'm the market situation, sales |
mp TO I, ZOO, 600 pounds. Pulled |
woods show an Improvement, apparently ]