The Providence news. (Providence [R.I.]) 1891-1906, 1896-01-03
The Market Opened Dull
This Morning.
A Gold Shipment From London
to New York.
New Coinage Amendment Expected
From the Finance Committee.
Special to The News.


NEW YORK, Jan. 3-The reorganjza-
tion committee of Chicago Gas meet to
day. 1t is probable that they will de-
eide upon the capitalization Of the new
company. Consolidated bonds will be
issued, into which bonds OF the scpsrat
companies can be exchanged, either at
present or at maturity OF the existing
issues. The new consolidated capital
stock will PROBABLY be the same as the
issue of fidelity trust receipts. The year
of 1895 was a good one for the Chicago
Gas Company, and after caring for float
ing obligations, improvements, etc., the
company has about S4OO, 600 cash on hand.
The decrease in the price OF Gas 5 cent
per hundred was more than Offset by the
Increased consumption. Prices for 1896
are s1.o5 TO the public and so to the city.
On Jan. / next the trial reduction will be
made to s1.00 TO the public and .75 TO the
city.
The short iuterst in Manhattan and
Western Union is large, and both stocks
bid fair to rally smartly.
For the month of Decem Der the income
OF the Rock Island Railroad amounts to
s76, O92.
An item comes today from Washington
on statistics OF export of manufactures
in which it is estimated that the value for
the year ending Dec. 81 amounted to
300, ,O00, 900, atotsl of nearly &c per cent.
greater than for any previous year in the
manufacturing history of the United
States.
Joseph says: "The capture OF DIR.
Jameson which ends the Transvaal- Boer
fight has caused a sharp rally in Kaffirs
in the London market aud the improve
ment has been reflected in Americans
foreigners may Oh even slight fractional
recessions buy few of our shares"
Cables from Liverpool report the Cot
ton market as follows: 1890 p. M, de-
mand fair; sales estimated, 1900;
middlings, si19-52; futures opened easy,
demand fair, 2-64; decline now steady. AT
12:45 p. m, spot grades, 1872 advance.
At O'Clock p. ~, futures steady, 1-64
advance, about 1-64 lower than yester-
days close. Port receipts n, 900 against
as, 600 lost year.
Traders are not yet aware of the fact
that gold is likely to he shipped from
New York TO Europe tomorrow.
The income Of the Iowa Central Rail-
road for the fourth week in Decem Der
amounts to 5000.
The selling of Western Union is based
upon rumors that bill will be intro
duced next week defining postal road
at Washington. Formidable competition
lis thus threatened.
dispatch from Philadelphia reports
that the Solicitors Loan and Trust Com.
pany of Philadelphia have made an assign
ment. Capital, $780,
Lazard Freres have offered 81, 900, 600
worth gold bars at the assay office for
shipment to Europe tomorrow.
The stock market opened dull and ir-
regular. Prices are now shaded all round.
especially for Tennessee Coal, which is
off 5-S per cent.
1t is quite likely that the Senate finance
committee will bring in new coinage
amendment to the bond bill.
A London special at 2 O'Clock n. m.
reports that 81, COO 600 gold will be ship.
ped TO New York tomorrow. Money L,
per cent. discount, l to 1.S Berlin
money, 5-s. Paris discount, Is,.
Local Stock Quotations.