The Providence news. (Providence [R.I.]) 1891-1906, 1895-06-13
FINANCIAL NE WS.
The Quo Warranto Decision
Not Yet Out.
Springfield Railroad Stockholders
Have lime 10 Surrender Shares.


NEW York. Juno l3.-Thero was general ex-
pectation tnat the quo warranto decision
would be rendered yesterday. and ID. G. f.,
stock was sensitive to rumors this point
all day. When it became known that Judge
Showaltor had given IA decision in the Green
hut suit, declaring that certain testimony was
inadmissibe, the street jumped to the con-
clusioa that this was the quo warranto de-
cision, and sold the stock down to 10. A good
authority on ID. G.. +. said last night: "To-
days slump carried the price down to the
figures which we have been expecting. II the
quo warranto decision comes, and Is against
the company. the stock may work lower. but
i doubt very much whether IL comes at this
term"
The sentiment last night was not materially
less bullish. Bulls said that accidents were
always to be expected, and in this case the
loss would be recovered with a few hours of
strong market.
The reports Of tho crops, industrial develop
ments. and advances in iron and other COM
modities are making sentiment very bullish,
and this in spite of the apathy in London.
Reaction at the close looks like pure manipu-
lation of Chicago Gas and ID. {. f., and the
best stocks still purchase on declines.
London at 80 p. m, showed no decided
tendency. st. Paul and l.. 81 N, - better.
The Illinois Legislature met at Springfield
early this a. m, and this kept Chicago Gas
very nervous.
Western Union earned 5.34 for the year,
against 5 per cent. the previous year.
The Northern Pacific plan Of reorganization
will be made public as soon as Pierpont Nor
gan returns from Europe. which will be in
week.
Rock Island debenture 5's are selling at o2.
This looks low, considering the price of the
stock.
Joseph says: Gwen an adverse decision by
tho Supreme Court of Illinois cannot wipe the
ID. g. F., trust from the face of the earth.
Don't sacrifice Chicago Gas. Hold it and you
will get dividends regularly. There is IA large
stop order IN Sugar at 100 Hold st. Paul,
and bull G. B. c.. it is good for o. In three
weeks there will be extraordinary heavy dis
bursemerts for interest and dividends, most
of which will seek re-investment Bull the
Vanderbilts and Consolidated Gas"
The announcement that the stockholders of
tho Providence 81 Springfield Railroad bad
only until yesterday TO turn in thoir cortif-
Gates in the new deal. anticipated by THE
NEWS sometime ago, does not seem TO "cut
lCo dlnuHS INlutablo bIOhtIS dpOub
town. 1t is authoratively stated, they claim,
that there is yet time for all delinquents to
"get in" at 800 per share.
ToDAY's STOCK BOARD.
WALL STREET, June l3.-The stock market
opened with positive buoyancy to the spocula-
tion. Sugar, Chicago Gas and Susquohanna
& Western preferred, advanced lA per cent
Tobacco. y, and Pacific Mail. rs per cent
Tho Improvement in the rest of the shares
traded in was confined TO fractional limits
Over $4,000 silver certificates were traded in
at o7s4.
The share speculation was less animated
after 1880, but the volume of trading has
been, nevertheless. less. Susquehanna a.
Western preferred gained per cent, but realiz-
ing sales sont the stock down, the general
market declining. Sugar and Tobacco lead
ing with losses of per cent. Northern Pacific
preferred and Distlling wero notable cxcep-
tions to the early advance in prices and re-
coded = and "a per cent. respectively. The
latter, however, is now in demand, and has
recovered -
NEW YORK STOCK QUOTATIONS..