The Providence news. (Providence [R.I.]) 1891-1906, 1896-01-31
FINANCIAL NEWS
Stock Market Opened Firm
This Morning.
The U. S. Rubber Company Closed One Of
It's Factories In New Brunswick.
Special 10 The News.

less bullish. There were indications that re-
cent bull leaders bad sold their stocks, and
wero temporarily in favor Of a decline. 1t
was also felt that prices had advanced for
over. a week without reaction. fnd that. even
if a bull market were in progress, a setback
was due. The short interest has been eliinin-
ated TO a large extent, while commission buy
ing has not been a feature for several days.
Rumors that n vote would he reached today
on the Silver Bill hal some influence on SEN
timent in regard to the bond sale. The trad
ing In the coal stocks was largely In the room,
and late selling resulted from the knowledge
that the report of the committee was not be-
ing received as well rs had been expected.
Conservative operatives thought that while
a reaction seemed a certainty, stocks would
probably DO stronger again before the bond
sale, and would DO a purchase about Monday.
One o. the large independent operators re-
ported yesterday afternoon "A very fair de-
rand fer leather at about the best current
prices, and added that it was general, and
reflected more or less confidence on the part
OF the consumers in the stability OF the situa'
ton. 1t Is by no means rs large as was OK
pected for this season, n fact attributed TO
the uncertainty still attending the bond issue.
The Hide market was reported quiet, and a
shade easier. There have been no important
sales since tho transaction involving 10000
hides recently reported. This is resulting in
an accumulation, but holders seem confident
in their position, ana are in no particular
hurry 10 realize.
The General Electric Company, some time
ago, sold It's interests in the Milwaukee Street
Railway system bonds, AID received for them
$4,000 in notes, which mature this spring
and summer. In the last annual report the
company had 60 lots of securities. which IL
valued at the nominal sum OF 81 each. Dur
ing 1895 some Of these securities we're sold at
very fair prices. The annual report is expect
ed to make a more satisfactory exhibit as to
assets and cash on bard.
j. l.. Bache & Co. say: Consols are up lilo.
It ~ 80 D. m. Americans are quoted ls lower,
with rho exception OF Reading, Missouri Pa
cihc, and Erie 2ds. which are higher.
1t has been decided 70 delay the veto on free
coinage until after the bond sale on Febru-
AIRY 3.
Regarding tire Coal question, II Is estimates
that with an advance OF 90 cents a ton on coal.
the Reading road would gain this year $4,000
600. Lehish Valley about 50, 900, 600; Jersey
Central. ~. 500. 900; Pennsylvania Railroad,
so, 500, 900; Delaware & Hudson, 1900 900, and
Lackaw anna IN amount aboct equal to IL per
cent. additional on It's stock.
General Electric doomed into prominence af-
ter 1915 and on purchases for the Boston ac-
count advanced IL per cent, to 2eA. with a
subsequent reaction to 2IM The general
| market was less active and displayed q sag
ging tendency. due 10 the u king of profits &C.
cruing from the earlier advance. Sugar Is
being sold freely at this time mi is of to
1862.
The stock market opened with a fair de-
gree Of activity ard firm in tone. Expecta-
tions OF a sharp advance in Soal prices as a
result OF to-day's conference OF the sales
agents was also n strengthen ng factor. New
Jersey Central advanced 3-S per cent. TO
1857: susquehanna ~ Western preferred ~;
Reading, l 3-s: Lackawanna, SIS, and Dala-
ware 81 Hudson. u per cent. The trading Is
on a largo scale. and the rest Of the transac-
tions reported were 1000 shares at 10: PO00 at
Is is, an I 300 at Is. The preference mort
cages are also being purchased heavily az rap
idly advancing figures. The frsts are now up
. s-S to 80 9-s, end the other mortgages in pro.
portion. Sugar attracted ths most attention
of the other stocks. and after a raise of 3s.
reacted y per cent. TO lC7.
The Liverpool Cotton report for today Is "a
follows:
1870. Demand fair. with prices favorable
to buyers. Weddings, 4 5 8; sales estimated,
10000 bales. Futures opened steady. with mod
crate demand. Conditions unchanged and
in some instances lower.
tt o port receipts amounted to 5000, against
80, GO a year ago.
A special from Philadelphia says that 30
Reading Coal a. Iron Galleries at shenandoah
have received notice to suspend all opera
tions this evening until Monday. This Is the
| commencement Of broken time for a long pc
Rod.
Nrw BRUNswguK. n. 1.-The United Ststes
Rub er Company closed enc OF Its factories In
thi. city. and one in Midtown, employing
toga;her l5C0 operators. Mild weather and
slack business is the r,ason. This also holds
good about the coal trade.
CRIPPLE CREEK AND COLORADO STOCKS,
The following are the closing bid prices
Of the listed stocks on the Colorado Min
ing stock Exchange, Denver, Jan. 30, "a
rep,Ited by T.. [. Davis u Conn any, 24i
Was hington street, Boston.
Alamo 0ets Justice ......,... o6if