The Providence news. (Providence [R.I.]) 1891-1906, 1896-12-31
IN THE
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80 ) - F !a.as!a! !' World.
There was practically no general market

There was practically no general market
today, sysrything apparently waiting un-
til the beginning of the new year.
Leather sold down a little on the news
of the death OF Mark Hoyt, the presi-
dent of the trust; the unloading In
Tobacco drove it down nearly two points
aud Delaware & Hudson sold off around
I16 on adverse rumors In relation to the
showing that would be made to the
directors today.
Atchison was rather strong this morn
ing, owing to the fact that tie reports
for the i've months ending November 80,
showed that the company had earned over
2ia per cent. oil the adjustment and Man
haitian was firm on the rumor that the
court could not enjoiu the directors from
the payment OF the regular dividends.
TIE sharp advance In Sugar lats yester-
day afternoon and the strength that was
shown In resisting the tesrish attempts
to break 1t during the early hours of the
day is said to be due to large buying by
houses who ususliy have reliable Wash
ingtop information, and 1t Is generally
believed that they have satisfied thcm-
selves that the present Congress will make
no alteration in the tariff that will be
adverse to the interests of the trust.
All the judges are not bullish on Sugar,
however. For instanc-, Mason, In his
letter to @. FIanklin Nugsnt & Co., says:
81 believe the next go days will see much
more foil than rise in these securities al
though 1t may 60 some higher"
Rock Island, Lake Shore, New York
Central and Canada Southern sold ex. divi
dend today.
The market for American securities
ruled strong in London this morning,
bit there was no business of Importance,
although prices were practically above
New York. The only feature was the
buying Of tte better class Of American
rails. Foreign hcsases bought some 81.
Paul, Louisville, Northern Pacific pre-
Conservative judges continue TO look
with favor upon the railroad securities.
They expected st. Paul's earnings to ne
even more disappointing than they
with the many instances of increased
earnings that were shown in November.
and it is believed that the winter revival
of traffic on the Western road will tend
TO improve the entire list.
Watson & Gibson's opinion today is
that the market is preparing for q long
rally. "Business is at low eob," they
say, "but that. is the proper place for
boom to start from. We continue to ad-
wise our friends this is their greatest and
perhaps last opportunity to buy stocks at
moderate prices"
In New York money on call was easy
at 2 per cent. Prime mercantile paper
3l2a4d per cent, Sterling exchange steady
with actual business In bankers bills at
ss6l2as. for demand and 4s3loaa, for 60
days. Posted rates 4s4alq and 4S7a4SS
Commercial bills 4S2la. Silver certitcstss
65sla, no sales. Bar silver GA 7-s. Mexi-
can dollars 80 s-s. Government bonds
firm.
1he reports for the year ending today
show the total exchanges to have been,
81, ,4sS, 124, ,3.2; balances, $500. 299, ,259. Last
year exchanges, si,757 es4, 59i; balances.
s549, 4sO, $50.
Tomorrow, New Years day, the ex-
change will be closed, but it will open for
the market on Saturday.