The Providence news. (Providence [R.I.]) 1891-1906, 1896-12-09
IN THE
$&t**

The general market sold cff yesterday on
the report that Senator Call OF Florida was to
intr duce resolution concerning the Cuban
situation. Conservative spectators did not
Imagine that the resolution would result in
sny action, but the market does not approve
of the disposition 20 make radical sspeeches
and IL acted accordingly.
The market today rallied from tho closing
decline at the opening, but II Is very dull,
and IL Is believed that the bulk OF business
will be less than that OF yesterday. In speak
ing OF the present conditions, Mason says, in
his advices TO G. Franklin Nugent a. Co.
'The market requires little comment. one
thing seems apparent, however. There are
no stocks that are pressing for sale, and there
As no manipulation for the purpose OF selling
stocks. There IL, on the other hand, little
indication OF any large buying"
THE LONDON MARKET.
The special to sullivao, Riley g. Go. this
morning states that the London market for
Americans il steady, with prices fully mp to
New York parity. while Atchison issues show
considerable strength. Consols have declined
y per cent The report that there may be-
further excitement in the Orient Is causing
the market, and particularly that for the
internationals, TO halt. Foreign houses in
New York are practically without orders for
London account
While Joseph admits that the London 'itua
ton Is not encouraging and that trade con-
ditions are not good, he looks for change III
all these adverse circumstances and points
to the fact that even We'll is looking for
moderate rally.
RUMoRs OF DIVIDENDS FOR LOUISVILLE.
has 1.aats
buying Louisville s. Nashville ON the ru-
mors II impending dividends. II was stated
no later than this morning that dividend OF
from III to 2 per cent. would certainly be de-
clared in January, but the latest advices re-
, ceived from New York by Richardson x
Clark stamp the story as fake. The direc-
tors OF the company were seen this morning.
and they not only refuse to confirm the re-
| port, but state that such a matter has not yet
| been considered.
1t is true that the condition OF the property
| is now excellent, but there are number OF
matters that need adjustments before any
| thing Of this kind can be done. For example
| the disposition Of the Psducah g. Alabama and
the Tennessee Midland roads must be settled.
| These are owned and have TO be financed by
Louisville'& Nashville.
| tors are opposed TO the declaration of divi-
dend at this time on the ground that they
might then have TO borrLw money IL they
| should be called upon for any large expendi-
lures II t. considered unlikely, therefore,
that any dividend will be declared before the
meeting OF the board next July.
| record such as Sam Keller g. Co., bankers
and brokers, A Broadway, New York. have
mad, for themselves for the past six years is
vet to be cquaIled. During that time they
have grown in public favor constantly, through
their conservative way of handling the i'm
,estments entrusted TO them. Their cooper
| ative plan OF speculation is one II special
| merit that ought TO receive the closest attcn-
| ii n Of all investors. In this department
they have paid enormous dividend, TO their
subscribers. all investments being fully pro
| tected by their ingenious system.
THE TENDENCY or SUGAR.
There is some sign Of an advance in this
! prices of Sugar, and traders as rule lool'
| with favor upon these securities. IL IL stated
that one of the recent buyers has accumulated
a rather large line of the stock and that 1t il
his intention to put it up or points IN the
| near future.
Sugar has :. own no advance of Importance
this month, and rs it has in the past usua'l ly
shown its highest point for the dividend
month sometimes before the 18th. il would bt
quite in keeping with its record IL it should
advance little during the next week and
| then sell of ex x.dividcnd.
ONE OPINION or THE MARKET.
wortley, in his advices 10 weeden. Kendall
| g. Co says:
''The market generally is dull and narrow
Commission houses are doing nothing and
| even tn traders find il hard TO scalp success
fully for ignths and quarters. One OF fth'
best Judges of the Sugar market is of tho
opinitn that the Ravcmeycrs are steady sci
lers when the market shows strength, and
that their brokers are borrowing stock as I
blind. Although the resolutions that have Sc
far bfen introduced with regard 10 the Cubar
question ara not regarded as formidable ol
likely TO pass. nevertheless, there is an in
disposition to do much with the market un
Ill the temper of Congress is more fully dis
closed.