The Providence news. (Providence [R.I.]) 1891-1906, 1897-01-05
IN THE
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The opening quotations In the general mar
lkct today were somewhat irregular, and dur
ing the day thoy displayed nervous features,
with prices tending toward lower plane. as
the transactions were necessarily limited,
traders being disposed 10 wait until Congress
has convened and has shown its intentions in
relation 10 the financial and international
questions now PENDING. Dow, Jones a. 90.
are OF the opinion that there would be an ac-
tive and higher markt if Congress would let
the Cuban matter alone, but the fear that the
Senate will pass the Cameron resolution has
tended TO overcome the good effect of the rail-
road statements and the other favorable
news The railroad reports received today
were: st. Paul, fourth week of December,
increase $4,000; Southern Railway, fourth
week decrease, s35626: Mexican Central,
fourth week, increase, $40, 400; Wisconsin Cen
trail Increase, S525S; Chesapeake 81 Ohio,
fourth week, increase. $4,000, and Ontario 81
Western, fourth week, decrease, s30Sl.
In London ihe market for Americans was
steady at practically New York parity, but
with little business. There was no dispo-
sition TO sell stocks, and all that is required
TO start the ball rolling in bulli.h direction
is an impetus from New York. Until Anne
rica gets ready to take hold Of its shares,
neglect on the part of London promises 70 be
the chief feature. New York foreign houses
were without orders for London account.
Beading directors meet today, when 1t is
expected that all the bonds and securities
will lie ordered issued The directors Of
Omaha are TO meet shortly and a dividend IL
then anticipated. The directors OF Delaware
& Hudson will meet 10 declare n dividend
tom6rrow, but it is generally believed that 1T
will be reduced
A dispatch from New York TO f. !. Knight
& Co states that while the Sugar business Is
good enough TO encourage holders, the fight
between coffee and sugar leads many to
suspect that the stock will decline. Rumors
of an adverse tariff and an attempt among
the politicians to make capital for themselves
by attacking the sugar trust are also current.
Joseph also advises the sale OF sugar, although
he is bullish on such stocks as Omaha, Cen
eral Electric and Chicago Gas.
Bay State Gas has displayed considerable
activity today and higher prices have ruled.
President J. Il. Bartlett's affidavit "a to the
condition of the comrany was a surprise even
to those that have believed in the property.
| 1t is not thought thas the suits pending VIII
| amount 10 anything, and that the reorganiza-
f, tion of the company by the new owners VIII
| lie tie next movement Tue output OF the
company shows 1,6s2 600 feet by the Bay
| state Company in 1896, against l,52O, t59,OOl
in 1895, or an increase of S.0i per cent The
| Brooklyn company produced 72G, $1,000 feet
in 1895, against 63i, 900 in 1895, an increase
OF A. 81 per cent. All the companies Of the Bay
| State Gas system increase the gas output IN
Isg 6l0.l per cent. This ii is believed, shows
| the capabilities of the company AMI tends to
s1pport Pres dent Bartlett's bul ,ish affidavit
Money on call in New York was e'sy at II.
per cent. Prime mercantile paper, 313a415 pei
cent Sterling Exchange steady with actua
business in bankers bills at 4.o6l 4a12 for de
mand and I.S316as4 for 60 days. Posted rates,
4.s4a4siIs and 4.e7a4S]9. Commercial bills
4S2]S. Silver certificates, 6434ad5l4. Bar sill
yer, 6424. Mexican dollars, 554. Government
, bonds easier.