The Providence news. (Providence [R.I.]) 1891-1906, 1896-11-20
IN THE
.%s%%.%&

about as dead as anything could pe.
few Of he stocks varied frnctlonally, bnt
there were many on which there was no
second quotation in the first hour, while
even more did not mskestheir appearance
on the board until late in the Gay. Con-
eolidatod Gas was the exception, how
ever. Yesterday the insiders began TO
talk vaguely about a 10 per cent. dividend
and today the market showed that the
suggestion was not without its effect, for
the stock which opened at 183lo soon
reached l67, where it gave evidences of
greater strength than many trsdsrs had
imagined possible.
The market rs whole was puzzle,
however. and the gossip that was receiv-
ed 81 the different brokers' Offices was
widely at variance. For instance, one
prognost icator said: "Take advantage
OF all sdvan ces TO sell Sugar, Wheat,
Chicago Gas, Leather preferred, Manbat-
tan, the Changers, Louisville & Nash
Vile. Reading and 4. G.. /. Sell New
York Gas and Northwestern, cover shorts
on depressions, but put them out again
point or two higher. Remember this ia
hear Market" In direct opposition to
this was the special dispatch from Jo-
seph. He said: "Ihe market will con-
tinue feverisb. but a sharp rally will
probably tnke place in anticipation of au-
other excellent bank statement. Buy
Leather preferred, and hold Man haitian.
The buying of B. q. Is good. II either
b. @. or Western Union .recede point
or SO, get some. Cordsge is a ouy for
turn"
Such contrary predictions in the face
OF the present conditions Of the market
do not help small trading and what
speculation there Is is based entirely
upon indivic ual conviction.
In London this morning the market
TOR Americans was steady and prices we're
fully up TO those on this side of the big
pond. milwaukee gained 1-s. The
Vanderbilts were firm. Atchison was
strong bnt the total amount of trading
was unimportsnt.
Money was easier today and the ad-
vauces in Exchange were not thought 10
be significant. The locking up OF bills
probably absorbed over $, 900. 600.
The bullish talk apout Pacific Mail tha.
has been heard for the past few days
still continues. Tnis morning Bache x
TO. suid:- ne bruutway interests that
have been bullIng whiskey are long of
Pacific Mail. They have carried their
stock since last Decem ber and it averages
them &c. At the first opportunity an
effort will be made to lift il above 80.
Huntington freely admits that the COM
pany il in condition to make Ave per
cent. per annum snd build a new Hrst
class steamer every year. "Under these
conditions traders regard these securities
with anything hut disfivor and there are
liarle TO be many purchases OF IL in the
nexI few days.
The discovery that the Standard OIL
people were not as greatly interested in
Bay State Gas ss bad besn imagined 1rove |
that stock down around this morning
and 1T is now regarded with more sus- |
rJtrtun tt1En Ccr1 age. II is stated that tho t
Le2ther directors ore ABOUT To declare a |
on the preferred stock. and that |
Connor IL ready TO bull Whee!iug. Boston
wes builish OF Burlington this morning. |
Local SPECULATION in stock was as dull |
today az ii has been all the week.
Richardson d Clark report, however, that
here was an improvement IN the demand |
Tor investment bonds and securities.
1 his morning he sid several lots OF
bonde to local investors and they have
observed that the market for outside
is assuming more healthy
one.
The foreign grain market as reported
~ Sullivan, Riley & Co, wss somewhat
over today. Liverpool wheat was easy
It lie pence lower; corn was 2i pence
over. Paris wheat remainoa unchanged
It Eve ceniimes lower. Flour was 10 "a Is
.entimcs lower. Berlin wheat was Hat,
Nth December two marks lower.
Later in she morning The foreign mar
77=====+==FH= 1z- m
'ricS5 on tals aide sad closed n point
i2het. ibe New YORK market opened
vesk, tat efeadied eu1 later materially
sAie-. Al p-asnut tae foreign situation
= thlt. tto need 0t the foreigners srC
mpiy provided for, out letter their svpii-
hie supplies VIII probably iall OF. 40
fefeut hoNeve-, tho action or tne foreign
rarECt seems to d.psu0 eUtlrelv UTCu
ufS. FFcm the present oUiloOG, there is
liable 10 be decrease Ia The vis siuia sup
'y au Monday ana hlguor prices are
cJSci for.
The cotton market opened with fair
o'ln- bT Liverpool. New Orlesus md
tner traders VINO bought iG u fix Cf on
ausiGsm iJunc maIe suhstantial resis-
2nco thaa for some time and prices are
liable e. 20 lower.
"ortleY in no noon letter 10 Woeden.
.cndall 81 Co. said:
The market opened dull with n slight
andtncy toward lower urices. The sell
1g, however, Was nCt in large volume
nd seemed to be, except in 3. Q. and
(. IGul, mainly by the professional
'Cment. In tnoso two ttCcks selling
'es by brokers who are often active Tor
be- Standard Oil lntrra .ts. 1Dsir sales,
owcyer, Wtro not heavy. American
uHit was henvv ard the selling was by
au En- 1rrg ana Attcrburg who were
rga buyers a fow days nco sc fcOn
, up. ihe rest OF the market was duli
ith the exception % Reading, whicb
as stroug on excellent baying. There
- dcci3cd desire on the part Of come