The Providence news. (Providence [R.I.]) 1891-1906, 1896-11-16
IN THE
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IN A"' 'Hi9 Inorhlng opened spirit
II less, with decided tendency toward ,
,e decline. London opened duh and almost
:. nat, ana the bears took advantage OF tb.
hrst signs OF speculative uncertainty Z.
\ begin their raid O prices, which drov,
!. the market into that nervous condition
= 'nat prevents trading. As the resuIt
: everything was dull, slthough some OF
n 'he STOCKS mace material decline.
a inc grain market attracted more atten
> stion this morning than the Industrials
or any OF the railroad securities. rha re-
port OF the visible supply was as ,o,lows
"neat, Increase, l,0S5, 600; corn, decrease,
LoSo' 600; oats. increase, 1876, 600. While all
the advices In wheat were bullisb.
traoing was besrish and prices
sought lower plane. Every one
seemed to pe talking dollar wheat, how.
ever. on the ground that the price must
go up on account OF the foreign demand
Liverpool cotton opened lower. with
prices TWO to three points below satur-
days range. but 1t was believed that the
decline was due to European selling ana
not to definite weakness. Latham.
Alexander a. Co., have made q canvass
OF the crop and from the 22so replies that
they have received they estimate that il
VIII be- about s.O22, geo.
II II could be believed that the ,i.,d
would not be greater than this there |
wouid undou btedIy be substantial ad- |
vance in prices. bat as the current re- /
ceipts are too heavy TO sustain such an
estimate, little attention has been paid 10
1t by the traders.
There was great selling I'm Sugar this
morning, which drove the stocks down
from the opening price, but the buyjne
was Just as mysterious and confident and
the future course OF the securities is Just
ss uncertain as ever.
As far as the regular market is concern-
ed. 1t has been acting strangely all dsv.
>. Bscne a. Go. say that while short in
terests are growing and active issues
may be forced down point or so. thew
may De safely bought on all such recess
sions, as higher prices will be the ruIe
before Thanksgiving.
Joseph alsossays that II will be Wise % '
buy the active stocks on the decline. He
oeheves that Louisville g. Nashville IL 10
become feature of the market and thar r
burlington and Chicago Gas are good "
holdings. /
La regard TO Louisville & Nashville there r.
are several reports that, il true. would II
support Joseph's opinion. Ihe most al
1ennite of these is thar the road is about
10 enter into an alliance with a soa-boaro
'ir line, and this, If a fact, would GER la
ainIy boom it's stock. ca
pro0uoetieatnrs ara .I.o ..,,. M
IN western Union. They say that it al
annot fail to touch 95, although the 81
'asis Tor their opinion is not given. pr
Psichc Mail is also SLATED for an ad- m
ance. On Sa;urGay Huntington said that 10
nc company had big surplus and as
DC coHee crop promised finely, ana oe
arnings wsrc already satisfactory. n Tn
sml-annunl dividend of l per- cent. IN
ould soon be announced, and that 10
here was probability OF doing even
etter than that later on. Today il Is fr
ated that the dividend will be entirely St'
afrahteo by the company's position ne'
the actual cash surplus was more than ma
10 million. rat
In spite of all favorable reports Price Dill
ntinues TO send out his tearish opin- NO
rs. lie saws that stocks are not so ooi
rongly held as they have been and that 1ol
netting IS sure TO bring about shake =
before the basis for the further ad io,t
nee 10 safely made 7.7s
/, is re,o,,oa go. Jul
metropolitan Traction for the Sentem-
quarter is S266, 600 end that the new
'dage securities will be ready for dis
button after Friday next.
u nia noon letter to Weeden, Kendall
20, Worfley says: "The trsd(1 state Ateh
nj Tor the month of October is ex- Can
IneIy favorable to the country. There Ss',
Deen an increase in the eyoess ~ R.
'eftA=e+er imports Es ccfnpsfed WIN 0n.
year OF not less tran sol. 600, 600, chi
lie IN the 10 months, ending Oct. a. Pre-
nave exported in excess of imports coN
less than sso7, 7,oC0, eco, as compared to Del .
900. 000 LAST year. Del
Erie
he eliminating influences in the s,oct PREF
ket are purely local. Ihe market limo limo
~ 'oI 'he tlmc being 10 be over Louis
Ch'. Consequently bears are e,co,r- Michi
TO attact ,,oI,. ~. Mlsso
. -, i"''' Inv SpoIlsn war "A .ka
is still being worked for all IL IL sYo
th. Perhaps 1t would be as well IN N.Y.
bof,.o ,,.., "H " North
""s' ing more STOCK, cut i No ia
10 not ADVISE anybody TO throw Pref
their holdinva To,do.a -, - rAc NJ
,.o.,a ,H W." INV Pulimi
"'N "Vhflsh on sugar They keadiI
K the insiders are selling IT," Roek
r.. Tex Pa
effort vas made TO rally the stocks rao'
ie last hour, but it met with but III. vsba'
iccess and many OF the securilies WI,
d at prices that ranged about the Pref
q. West
al sn.ori,.,.,, - ,t. Lead.
wa HsH' touhy, out silver.
eheThi sentiment was in sympathy snRar
the fail I'm vali,es Chi GA
Cliton
.pr,,-,, o,.-..,- - Gen ~,
NSiLooh fOh Ihh WEEK. Am spl