The Providence news. (Providence [R.I.]) 1891-1906, 1896-01-08
Stocks Quoted Slightly
Lower Today.
The Market Agitated by the
Recent War News.
The Morgan Syndicate Must Take
the Gold Bond Issue.

NEW YORK, Jan. s. The sentiment
among the banks has definitely chrystal-
lied into a belief that Mr. Morgan syn
dicate will OF necessity get the bond is
sue, for the reason that without the syn
dicate there is not enough ready and
available gold in the country. exclusive
of the Treasury reserve. to take up the
issue. The general belief is that the in
dependent subscription will not be large
enough TO carry the loan or interfere very
greatly with the syndicate.
Large buying orders were placed in
Sugar at yesterdays opening by interests
credited with inside connections. AS soon
as this buying appeared traders bought,
thus esta blishing the rally. The selling
on the advance was without special feat
ures. No one believed last night that
duty would be placed on raw sugar with
out compensation il refined, although il
was admitted that the free silver combina-
tion was liable to produce unexpected re-
suits in connection with the tariff.
London bought more stocks yesterday
than she has for the past few days, but it
was mostly covering in ST. Paul. The
short interest is large, particularly srbi
trage borrowings.
BY the combined effect OF a scare head
line in the Chicago Tribune, !" Britain and
Germany on the Verge of War;" and
Julian Ralph's cable from London that
"Thls means neither more or less than
war between England and Germany" a
wild time is expected in the Chicago
wheat market today.
George NJ. Pullmsn has issued sup
porting issue on mis- stock.
st. Paul lor the first week of January
will in all probability show another
marked gain. Speculatively St. Paul is
about the cheapest stock on the list TO
day.
Tne annual report OF the Delaware &
Hudson will be better than expected.
A handsome surplus over charges is
shown and per cent. dividend assured.
The Liverpool cotton for today is as fol-
lows: 1880 o'clock p. m. Demand fair,
prices easier, sales estimate 10, 900 bales.
Middlings, 4 1882. Futures opened easy,
demand moderate, 2.64 lower than yester
day, now steady. 12:45 pm. Spot grades
1-32 lower. O'Clock pm. Market bare
ly steady. Conditions unchanged. 2:15
o'clock p. m. L. point decline.
Reading securities must be deposited
on or before Jan. !. People, however,
need not pay assessments until 60 days,
interest at per cent. to be charged. The
wit thdrawals of gold bring the real treas
ury gold down to s5s, Cs5, no.
II is reported that the New York houses
are booming large blocks OF stock.
The action OF the market shows that it
10 sale on rallies for time.
The quotations for American securities
IN London are now examined with un-
usual interest by the local operators in
view OF the threatening poitical situation
abroad, and the uncertainty prevailing
in regard to the financial outlook in this
country. In fact, there ie more OF q dis
position TO regard the London cables as
giving the key note to the market. This
situation OF course can be confidently re-
lied upon. The impression is gaining
ground that the prospect OF serious
differences between the United States and
England diminishes as the gravity Of the
Transvaal question increases. The Lon
don quotations this morning show an
important fractional decline for the ac-
tive international shares, while Illinois
Central and New York Central, in which
atiyity is at present at minimum, de-
clined l7s and per cent. respectively.
On the New York Stock exchange
prices opened mainly small fraction
above tho final figures of yesterday.
Trading is moderate with decided up
ward trend in prices.
Now Work. Stock Ouotations