The Providence news. (Providence [R.I.]) 1891-1906, 1894-12-29
FINANCIAL NEWS.
Some Interesting Gossip About Lou.
isviIle and NashyIIle's Condition.
st. Paul Earninss-Chicago Gas Div
idend-Notcs.
Special TO The News.


New YORK, Dec. 29.-Transactions In
Louisville & Nashville yesterday amounted
to 100 shares. A good authority comment
ing on this said: "The time is not ripe for
any general buying OF l.. a. N, while
those who have the stock have. faith in 1t
for the future. Consequently there Is no
business"
The talk about the resumption OF divi-
dends by l.. * n. in February, is nom
sense. The company owed large amount
OF money in July. The earnings In ex-
cess of fixed charges for the last six
months have been about sufficient 20
liquidate all the floating debt, so that
l.. Il N. can be said 10 begin the current
half year in position TO make earnings
on the stock. IL is to be hoped that
l.. & n. will adopt the policy
of st. Paul in regard TO dividend dis
bursements. that is, will not declare
dividend until three months after the end
OF the year in which the dividend was
earned.
There is much conjecture as TO what the
earnings OF st. Paul will show for the
fourth week of December. They will not
come out, OF course, until Thursday
night of next week. Some OF the
insiders are confident that the loss In
gross for the month will be more than
Offset by the economies in operating ex-
penses, SO that the net will be apprecisbly
above that of last year.
Chicago Gas looks and acts as il 1t will
sell higher. All questions regarding the
dividend will bs put at rest in very few
days now. 1t is said that not only
will the directors in due course
declare.the regular / u per cent. for the
January quarter, but that the money Is
already in the Union Trust Company's
hands, and checks will be forwarded to
stockholders as usual.
There was very little yesterday of the
better feeling which prevailed Thursday.
The liquidation in Reading incomes and
the fall in Jersey Central and g. b. & @,
discouraged buying and there appeared
TO be some resumption OF the general
dropping OF long stocks.
Poor Atchison.
Boston, Dec. 29.-The News Bureau OF
today says:
powerful stock interest is con-
tending with the Atchison re-
organization committee that the
stock holders are entitled to have
returned to them the four or five
million dollars wrongfully applied as in
terest On the income bonds and the second
mortgage bonds given in exchange for in
come bonds.
"Threats are made of q suit to recover
this money. 1t is probable that no plan
will be issued for two weeks.
"Directors of the Atchison Company
have as yet only scrutinized part OF the
proposed PLAN"
General Financial Notes.
There was some Washington buying OF
Sugar yesterday on line Of rumors In re-
gard to action by the State department.
Liverpool closed last night ~ per cent.
down. There Is no market there today in
Cotton.
Bradstreet's report of shipments from
Chicago give 1,Sl4,0C0 wheat and 649 900
corn, against 3,55o,O00 wheat and COS, 900
corn the previous week.
Washington adv.ces intimate that an
extra session OF Congress will be called
after tho fourth OF March, which is taken
to mean that little will be accomplished
at the present session.
Advices from Chicago state that May
wheat opens weak. Mitchell at once sold
about 100000 at 57h. 1t is supposed to be
the abandonment of another line by
discouraged holder.
The London market Is the same, except
on l.. & N, which is q better.
In the Treasury are S6h millions OF gold
which is he wo-st feature OF the situa-
tion.
Providence Clearing House.
The clcarings OF the Providence banks
today amounted to $40, 500; for the week,
IS, ,024 600.