The Providence news. (Providence [R.I.]) 1891-1906, 1896-11-16
- Financial World.
II ~

let the big profits go to those who are
prepared to stand big losses.
Inc action OF the market during the
ihst three days OF the past week was nor
what the most sanguins bull could call
Inspiring. Sugar ana Manhattan EIeyat-
ed see-sswsd up and down and acted as
there was nothing at either end to stop
them, and some OF the other securities
'oucneo price marks that certsinly could
not nave been anticipated several weeks
| ago, but even the strongest stocks. with
few exceptions, showed signs OF wesk.
ness tnat aroused the suspicion that the
end was approaching.
while 1t Ia possible that the ton notch
mas not been reached and that rbere are
POSSIBILITIES In the market undreamed Of
al this time, 1t cannot bo denied thar the
increase In the values OF low priced and
pfacucaiiy worthless stocks presage the |
eho OF boom. Last week the pecurities |
s' the bottom OF the list began their ss- |
cent, and this coupled with the kpowI. |
eoge 'hat even some OF the companies
"noSe STOCK was at high rating were
ooihg much smaller business than
'ney had anticipated; that the Door
cohotion OF the roads In the Northwest
was affecting the profits of the Granpers.
thst men were being dischargd by thou-
sands In western railroad yards on ar.
eouht OF poor business, as we'll as other
unsa'siactory reports, tenoed to deveion
q Dear sentiment that was glad TO taka
advantage OF war scare or apy other ex.
cuse TO beat down prices.
"nie surprise WAS expressed at the
'anylhs power OF the market, this exhi-
oi'ion OF strength did not restore conf ,
'ence ana 1t is believed thar there is
PROBABILITY that trading, unless tber, 8
"ouiu De radical change in the condi. ,
ION OF thlngs, will be made with n yiew I
% the downward tendency OF the markst
uring the carly part of the week at Ieas,
HOW PRICES RANGED IN NEW YORK. y
NEW YORK, Hov. 16.-The stock marke, !,
psned dull and featureIess. the chances
eng very slight in either direction, aside \,
ON cordage guaranteed, which ad. ID
anced 7-S per cent. to "a rs. :,
IL developed decided tone soon altar
'e opening, and under the influence OF
aii@ing order values, sagged sharplv "
'th sugar and the grangers Ieading O.
'e 'oiume oil business is very Iiabt aud o.
o" operators and disposed to avail Ill
rther developments in the general ,itn-
ion.
Up 10 noon trading was sluggish. with
continued easier trads in prices. espec.
ny III cordage preferred, which lost the
'y Improvement There was no imnor.
r,aht news bearing upon speculation
hough the favorable official trooa
tsment for October and ten mo,,,.
Ouuced cheerful sentiment in invest T.,
mt circles, The saler to noon we-e
900. lie
49, po.,a Ma
1ater Pacific Mail was in good demopo An
haho and rose 5-S per cent. Some of Me
low priced shares were also in fair jar
Iuiry, the market generally tend,po Jul
ward improvements. Au
'oney on call was easy at A per cept. pep
mo mercantile paper 66s percent Oc'
ring exchange weak with actual busi- -
, IN bankers bills AT 4S56si, for de. D..
10 ana 4s1i2@si for 60 DAYS. postea
- 9s2als3l2 and 4S6ais7. Comme-c,,. q''
4oo. Silver certificates, 64s,0s5lo r.
sales. Bar silver, GA rs. Mex,csr 90,
ars' oo o-s. Government bonds firm. Cor
balance, sl23,sl4. 335. TO !,
'tton futures opened weak. sa,es nup
W bales. JAM, 7.7O; O;Feb., 7.7s; March 400.
April, 1856; May, 7.9l June. 7.e5. tim,
:, 1.97; Nov, 1853; Dec, 7.63. reo
q n