The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-05
StOCkMarketO Opened Fairly
Firm This Morning.
Eighty Thousand Pounds Ster-
ling to Be Exported.
II Is Claimed That Sugar Dividends
Will Be Smaller.

vance yesterday was considered the dis
counting of the bond sale and particularly
reflected knowledge hat the Stewart bid
for bonds was likely to be large and IL
was believed that the price would be
rather better than has been anticipated.
The advance of ll2 per cent. in the
price of Government as was regarded as
conforming the belief that bids would be
ON a fairly good basis.
Commission houses had, comparatively
speaking, small orders, and said as a rule
that very little was doing. The selling
In Missouri Pacific appeared to be the
result OF previous selling rather than n
new move. Mr.. Gould's declaration that
the funded scheme had been carried
through probably caused the rally. The
fact that Sugar was strong, IN bad news,
led to doubts on the accuracy of the re-
ported news.
1t was thought last night that the
market would be stronger today, p%articu-
slarly ii the bond sale turned out well,
but that or Thursday recent buyers would
supply any public demand for stocks that
might exist.
One of the largest holders of Chicago
Gas tells us that there will be nothing
new in regard to the property until the
first week of March, when the mannamus
proceedings against the Secretary of
State come before the Supreme Court
OF the State of l%llionois. The consolida-
~ hhS ONth thtNAtd anu tNtiItilnk lDdl
can has been done until the court hears
the arguments in the case and makes the
final decision. The organization committee
is confident that the decision will be I'm
favor OF the consolidation and then the
dividend on Chicago Gas viii be resumed.
Tobacco interests say there is no change
i'm the trade Eight and that the next inn
portant development will be In the litiga-
tion. Those who profess to know claim that
the annual report to be delivered next
week will, compared with previous re-
cords, be very unsatisfactory and may
show a deficiency after providing the full
preferred and 8 per cent. common divi-
dends.
The earnings for the fourth week of
January of the Texas Pacific road shows
a decrease of S695S.
For the same period the Southern rail-
road shows a net increase of s23, S36.
J.,C, Bach 81 Company say: The foreign
markets are reported very dull, and
Americans are fiat with a slump Of from
Is to Il in Reading, Louisville 81 Nash
Vile and New York Central. Consols are
strong and are within 1-16 of a point of
top prices.
1t Is reported aroad that there will be
500 600 pounds sterling withdrawn from
the Ban of England within a week for
shipment TO this side.
The passage of the sugar bounty bill In
the |Blundesreth by a majority of 10 votes
will be used to temporarily hammer sugar.
The claim is made that the increased duty
will lead to a reduction In sugar divi-
dends, but the Havemeyers assure their
friends that they need not fear such re-
suits until evidence of some support Is
apparent; still it may be added that for
the time being sugar will not be q safe
purchase.
The prospects favor the declaration of a
dividend on Tobacco preferred. Apropos
To Tobacco the next development In the
Tobacco fight Is expected to be in the
form OF litigation.
The London Copper market reports
spots at "A and futures at 81 3-s.
The Liverpool Cotton report for today
Is as follows: 1890 p. M, Spot sales es-
innate TO- 600 bales. Middlings 4 1892.
The port receipts amounted to 49, 600
bales, against 3D. 600 a year ago.
A Chicago dispatch says: Wheat
shows unexpected strength. The
commission houses are buying. There Is
demand for local shorts.
General Electric closed It's year with
$500, 600 cash on hand.
For the fourth week in January Lake
Erie ~ Western reports an increase of
5000 In its earnings. MINI. y ST. Louis
S12, 600, and Chesapeake ~ Ohio $50, 600.
Ii Is rumored that n London syndicate
has been formed i'm order to bid for bonds.
This is the first indication Of q cahnge In
sentiment there since the Venezuelan
trouble.
CRIPPLE CREEK NM COLORADO STOCKS,
The follow ing arc the closing bid prices
OF the listed stocks on the Colorado Min
ing Stock Exchange, Denver, Feb. 4, as
reported by Il. {. Davis & Company, 244
WashfuUton street Roetnp