The Providence news. (Providence [R.I.]) 1891-1906, 1896-06-10
Stock Market Opened Ac-
tive This Morning.
Wheat Likely to Have Another
Little Upward FURRY.
The Cotton Crop Report Will Not
Tend TO Bull the Staple.
speciai to The New..


NEW YORK, June. ..10.--Wheat is likely
to have another little upward furry In
anticipation of damage that is known to
have taken place during the past ten
days, caused by hot winds. In Chicago
there is a gay market. There arc argu-
meDts in tayor Of both sides. Any ore
who will buy wheat on any break today
can rest assured that ne will sooner or
later sell at profit. Any one who sells
shorts wants four pair OF eyes and two
strings on his short lines. John Inman
lays the crop report on cotton will not
tend TO bull thar staple.
The report of the Liverpool Cotton mar
ket for today is as follows: 1880 p. m.
Demand fair, prices easier; sales, 10000
bales; middIings, 8 16-16; futures opened
easy. demand moderate. Four points de-
cline in near months and 3l9 decline IN
late months.
st. Paul during the last week of June
records an increase of s42. coo. IT is un-
derstood that.the company is lending s40,-
600 cash in the street.
The bulling of Northern Pacific stock
is by holders who do not care TO pay the
full assessments. They claim to be able
TO make better investments for their
money.
Advices from Washington seem to indi.
Ordinarily this would lift the market or
3 points, but In this instance, Ii is
doubtful whether there will be anything
more than quick squirt, led probably by
Sugar and Tobacco. Business generally
remains dull and there is sense of re-
| sponsibility that will only be resolved
when the Republican platform is made.
Joseph says: ''St. PauPs earnings for
the first week of June show a gain of
s42, 600, that is equal to S96, 600
for each working day. Consider
ing that there is alleged to be no busi-
quarterly statement OF Western Union
due at noon 10 day will not make brilli-
ant showing. although more liberal esti-
mates will be made for the business ex-
pected from the conventions. Sugar may
be forced down a little but relatively il is
the cheapest stock in the test"
The government report is expected to
make winter wheat condition under ~.
The point was given out yesterday that
IT would show 1916. Last month IL was
81. .. Inst year the June condition was
I'LL.
ToDAY's STOCK BOARD.
WALL STREET, 1915 a. m.-The stock
marketi opened active, with sagging
tendency. The IndustriaIs were freely
dealt lii and Tennessee Coal lost 2; Dis
tiliery, 3-s and Sagar, q Per cent.
cLAPP d CoMPANY's ANNUAL.
Messrs. Clapp & Company, bankers and
commission merchants have issued their
third annual Souvenir Book covering the
business OF leading American exchanges
ia 1895. The letters of this firm are ad-
mitted to be among the best that are
sent out by any commercial house in the
world. They deal with all facts that
either directly or Indirectly affect prices
and their comments are so brief and
pointed and 80 well supported by figures
and facts that business men highly ap-
a production of the weekly letters of 1895
and with them are given 40 illustrations
of prominent commercial and government
buildings, each OF which is accompanied
by condensed history Of the business
done by the exchange or the department
of government occupying the building
shown in the picture. Hardly any ques-
tlon can be asked by any person in re-
gard to bonds, stocks, grain, provisions,
cotton, wool, coffee, gold, silver or
other United States products that IS not
statisticaily answered in this book and the
tables are so well arranged that in very
small space they generally tell the whole
story for ten or twenty years past. The
information about cotton is the most
comprehensive that Is furnished by any
authority. Banks will find more thor
ough condensations OF all they want to
know about the government finances,
national and other banks and the none
tary system of the United States and the
world than can be usually found else
where.