The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-05
FINANCIAL NEWS.
Whisky Better Liked, Yet Going Up
instead of Down.
Alliance Between Cleveland and Hill.
The Currency Qucstion-Notes.
Special 70 The News.

NEW YORK, Jan. 5.--W hile the currency
question is still uppermost in all thoughts
and the belief is general that shipments
OF gold Will be as pronounced next week
as they were this, and that the outward
movement OF the precious metal Will
not stop until something definite is
done at Washington, the feeling on
the market outside OF professionals Is far
from being as bearish as he frequent at
tacks upon specialties and the marking
down of prices whenever opportunity can
be forced would indicate.
The impression among some of the most
conservative bankers is that an improve
ment of no small calibre will be ushered
in with the early days Of the coming week
and that between the 7th ard 2o.h OF
the month there will be a general rally
that will extend from 10 5 per cent. lie
prime favorites in the industrial shares
list are Sugar, Chicago Gas and National
Lead, preferred, and even Whiskey seems
to be linding more friends.
The news from Washington Is decided
ly more encouraging. IL is stated that an
alliance has been made between President
Cleveland and Senator David 3. Hill and
the very first result WITT bg 10 prepare tfIs-
tect the treasury from repeated raids on
the gold reserve.
There Will be caucus Monday at which
important developments are expected.
The appeal made to The stock holders OF
the ID. G.. F., TO protect their interests and
10 secure change CT management will
probably have an almost immed lately
good effact upon the market price OF lie
stock.
The Exchange Place people who have
been doing little or nothing in l.. & n.
for some weeks past, are advising lheir
clients to buy the stock, aud intimate
that an important movement is about
commencing.
General Financial Notes,
The London market for Americans is
utterly neglected and prices generally are
below New York parity.
The tape wilt bear watching very closely.
Ii is not oil unlikely that during the next
few days the absorption for investors ac-
count, which invariably paves the way
for sharp aud well sustained improve
ment in the general list, will be q con-
spicuous feature.
The feeling on Y. Y. G. Is bearish in
certain quarters, but the fact remains that
long stock does not come out and that
European holdings are as large today as
they have been at any time.
Unqestionahly there will be big money
made some time in the next 30 days in
Canada Southern and Nj. e.
Western Union is doing very we'll and
the winter statement promises 10 be even
more favorable than was the one pre-
sented a few weeks ago.
Liverpool sales of Cotton wero 5000 with
futures up per cent, and steady.
Bradstreet reports shipments for the
week: Wheat, 2,6Si, 600; corn, o72 600; pre-
vious week, wheat, 1914, 900; corn, $4,000.
London Is down x today.
Bank reserves are increasing again.
Gossip ceniers on the Treasury situation
ard what the administration can do for
relief.
Sterling is strong and gold keeps
going.
Galveston cotton receipts, 1900, against
5000 for the same time last year.
Louisville g Nashville was protected
yesterday by London. rs they will not
be buyers, the b, ars will no doubt attack
the stock.
Providence Clearing House.
The clearings OF tho Providence banks
today amounted TO 1862, 900.