The Providence news. (Providence [R.I.]) 1891-1906, 1897-07-28
The Market Today Was
Somewhat Irregular.
General Values We're, How
ever,Kept up in Good Shape
Conditions Today All Favor an Ad
vance-F.atures of Market.

Although the market was somewhat ir-
regular today values were kept up we'll.
Traders continued 10 sell stock on the
opinion that the market ought TO break,
but prices are too firmly fixed to decline
because Of any bearish theories.
Tho London investors came into the
market yesterday and, as Bacbe says this
morning. much will depend upon the
temper of speculation on the other side as
To any further advance for tho present
here. Although they have not been a
factor up to now, they will stimulate a
considerable advance II they continue TO
come In as tree buyers Of our market.
Conditions today all favor contin-
uance OF the adherence. The general
situation Is daily improving, magnificent
crops are still In sight in the West and
the same conditions that confronted the
street n week ago. when the bullish senti-
ment was extreme remain, and it Is the
'concensus of opinion that those who take
advantage Of these prices will profit by
their investrsSdtt.
Watson a. Gibson SAYS: "If n man
was asked what conditions he would
prescribe as the foundation and guaran
tee OF prosperity in this country he would
probably say, A currency whose standard
Is for all political purposes unquestioned,
peace for the world at large, good state
of public bsaltn. good crops with a full
demand abroad for the surplus at high
prices fixed tariff that is not in any
danger Of being soln disturbed CT
changed. hopeful public feeling, an in
oreasing demand for labor and plentiful
supply of loanable capital for enterpr So
10 draw on. These are the conditions
that exist in th4s-eeHntry today, for the
only exception is In the case o, the cur
foncy question which will bA settled
wisely by the next Congress. Ii is upon
these facts that the most conservative
speculators are purchasing stocks and II
Is this that has presented long holders
from dispOsing of their properties
There are several stocks In the list to-
dav that attracted no little attention
The ref6rt d boom in the rubber ir. dc
urote btta the commOnand the prefer red
stocks higher yesterday aud today they
continued II show good strength There
Is scarcely n stock ON the board that Is ms
depressed as the Rubber company's issues
and any favorable factors will tend TO adj
vance the prices materially.
Lead Is another stock that seems to te
tending higher II is one OF those trusts
that make very little noise In the world
hut 1t keeps pegging away quietly and
laying the foundation for successful
business career In the near future. There
Is no doubt but that the actual control of
the company in the hands of the Standard
Oil people and tho advance OF the prices
of both the common and the preferred
only waits upon their bidding
As time passes 10 became more evident
that the reports Of favorable negotiations
In the coal trade were something more
than idle rumors. Already Delaware and
Hudson has passed ll9; Jersey Central
vi. and Reading 241S. This. OF course, is
In face Of the fact that the public has had
no definite Information as TO what the
new agreement consists Of. Enough Is
known OF the people who are back OF the
movement, however, 10 ensure thu public
that the coalers stand as much chance OF
higher prices as the Changers. and this is
laying n great deal.
The Chicago market was strong today
and the people are now looking for higher
prices on both wheat and corn. There
have been several reports OF crop damages
Of late and these in view OF the immense
foreign demand must tend to advance the
price OF the grain IL they continue