The Providence news. (Providence [R.I.]) 1891-1906, 1896-05-18
Lower This Morning.
Rate War in West Promises
to Develop Seriously.
$1,10O,000 of Gold Will Be Shipped
by TOm0rrow's Steamer.


NEW YORK, May 1S.-There appears to
be scale buying orders i'm Missouri Pa
cific from friends OF the company. The
buying which started when the Kansas
outlook became promising has been con-
tinued at intervals and stock has not
seemed to be marketed. People who be-
ca me a little uneasy about their holdings
last week were assured by the manage
ment that careful watch was being kept
and that nothing had occurred TO make
the outlook for business other than en-
couraging. 1t was admitted that there had
been damage in Kansas and Oklahoma,
but no more than might reasonably be
expected in SO large territory. Missouri
Pacific officials said that II corn came
near maturity in condition II Is as good
as that of winter wheat. There would be
no cause for complaint in regard TO Kan
sas tonnage in the coming year.
In the trade there Is very bullish SEN
timent on both raw and refined Sugar
with the general belief that July will see
the prices for both considerably higher
than they are now and that the maxim
prices will be reached in September when
the coming season is at its height. The
demand for preserving berries will begin
early next month and lively demand for
refined sugar will then be expected,
Among operators there Is disposition to
walt pending political developments. OF
course IL there should be an increase i'm
the duty on German sugars as provided
for in the Perkins bill before the Senate
Finance committee, Sugar would have
sharp and sudden advance, but the rest
informed people in Washington think the
bill has no chance whatever of passing at
this session. In regard to an extra divi-
dend to be declared early in June IL is
hinted that such distribution Just before
the Republican convention might be fun-
wise in that II would he Just as well to
keep the cash in tie treasury IL the plat
form is to be anything but outright for
gold.
the Jewish holy days, and the London
market for Americans will miss the He
brew contingency. The feeling among To-
cal operators Is one of hope rather than
one of confidence. The bears on Man
haitian Elevator are especially confident
and the stock acts as IL it will break at
par. Hold Chicago, Burlington q Quincy
and Chicago Gas. Sell a, lite Louisville
d Nashville on sharp rallies. Buy Ame-
rican Tobacco either for a speculative
turn or for long pull"
The Liverpool Cotton market for today
is as follows:
1890 O'Clock, middlings 11-32; seles
steady and are quiet at about Il point ad-
vance.
The gold sh ipment tomorrow will aggre-
gate 81, 100, coo, of which l.. Won Hoffman
II Go. will export $500. 600. while Heildel-
bach, lckleheimer & Co. will send the re-
mainder.
The war OF rates started by the Lake
Michigan Ferry Transportation Co. and
which now extends TO the Chicago and
st. Paul roads promises TO become seri-
GUS matter 10 the $500" line.
PROVIDENCE CLEARING HOUSE.
The cleerings of the Providence Banks
today amounted 10 1901 ,001.
ToDAY's STOCK BOARD.
WALL STREET, 1915 a. m.-The stock
market opened quiet and depressed with
marked pressure against some of the high
priced shares. Manhattan declined 2 to
100 Ia; Consolidated Gas, / 5-s TO IA
3-S and Sugar lost 81 per cent. The con-
cessions in the other shares were less i'm
portant.
New York Stock Quotations.