The Providence news. (Providence [R.I.]) 1891-1906, 1896-07-01
The Stock Market Opened
Weak This Morning.
1t Was Due to the Disappoint-
ment in London Prices.
100000 Worth of Gold Will Be
Shipped to Europe Tomorrow.
Special 10 The News.

NEW YORK, July 1.-The Whitney
factions in their fight for sound money
are making fair progress, and their friends
are no longer short OF the market. The
Havemeyers promise to again take hold
of Sugar. III the stock on the proposed
fresh campaign CROSSES 116 1t will then soil
up to 125.
Insiders of leather assert the dividends
on the preferred will be promptly paid.
Leather is receiving better support in the
market. The buying of Missouri Pacific
is good and considering tho crops on the
line OF the road 1t In considered cheap.
LONDON Is 1-S TO Il lower. A lower
market is looked for as London and
shorts were the only buyers Yesterday.
II Is good time TO get out and look on.
On strong spots short sales are advisa BILE.
The Tobacco directors expect TO act
upon the dividend question today. There
Is great difference of opinion among the
directors. Consols are.steady and money
is a drag In London. There is no doubt
of the changed conditions for the better
on the part OF English investors toward
our securities. There is a confident feel
Ing in London that sound money will
WIN In the hight here gainst free silver.
Reports have gone abroad that the ira ffic
returns OF st. Paul for June will show
gross increase OF nearly $500, 900. There
Is some hope expressed in usually well
Informed circles that the Septemb Der divi-
dend will be increased. 1t will thus be
seen how readily st. Paul could be put to
So
Councilman & Day report the Chicago
Wheat Market as follows; "The sales of
the red winter wheat new crop TO arrive
aggregate 200, 900 bushels. European stock
purchasers did much toward restoring
confidence in wheat values. McKinley's
speech has momentsrily Offset the dread
OF the silver platform being adopted by
the Democratic narty."
The report of the Liverpool! Cotton
maket for today is as follows:
1850 p. m. Demand fair and prices
unchanged Middlings 15-16; sales esti-
mated 0,OO0 bales. Futures opened steady;
demand moderate. near months u point
advance; late months unchanged.
2 p. IN. One Point higher than at II: 80
p. m.
Hedelbach, Ickelheiner q Co. will ship
Zoo, 600 worth OF gold tomorrow.
Joesph says: "The scabbards of the
bears and their sabres can be seen. IL
will be Impossible for them To do any
harm with such instruments. The mar.
ket under the lead OF London will
further improve buying. Both st. Paul
and Louisville Il Nashville will reach
higher figures. Get some Chicago Gas.
You Will make points profit at least
this month. Hold some Chicago, Bur
lington &Quincy, and among specialties
both Northern Pacific preferred and Gen.
eral Electric are sure to improve
ToDAy's STOCK BOARD.
WALL STREET, 1915 a. m. The stock
market opened weak and lower on resli-
zatons and the disappointing London
Prices. Tobacco displayed exceptional
weakness, reacting 2 Is per cent, to
go rs on offerings due to uncertainty re-
garding the dividend to be considered
today. The concessions, otherwise, were
fractional and we're most important in
Sugar and In the international shares.