The Providence news. (Providence [R.I.]) 1891-1906, 1895-03-12
FINANCIAL NEWS
Everybody Speaks Hopefully
of The Present Outlook.
c. B. & Q's Turn-Rock Island Oivi-
dends-kews Gossip.
special 10 The News.

| hopeful feeling in the street and commls-
sion people are giving more confident
! opinions as TO the future course OF the
market than any v0uchsafed in some
months past. They believe that distinct
change for the better will come, If not
! Immediately, at least before the end OF
| the present month.
President X. II. Cable Of the Rock Island
strongly urges his friends not TO lose
heart at this time, because he sees in the
very near future possibilities for distinct
improvement in general commerce. The
| strength of Rock Island is evidence that
al some time or other his year dividends
Will be paid on per cent. basis, other
wise there would be neither sense nor
reason in Rock Island being quoted al
| these figures
There is quite an extensive short inter-
est in c., b. a. q. and there is no reason
why that stock should not have some
| thing of a rise. Ii will be recalled that
four years ago, at this season of tie year,
C., Il. q q. was selling at about the prices
that it is now quoted at. On March :,
1891, it was selling at 1914, but by Dec. 2S
OF the same year IL had rebounded TO ITO.
It's reaction from that price was persist
ent until the low figures OF last week were
reached This is simply pointed out as
illustration of what c., B. q @.
can DO. Boston feels confident that
the dividend will not fall below the per
cent. basis, but on the contrary, with the
expected improvement in general con-
dition OF trade, and with even moderate
advance in Wheat, the company will be
able TO make earnings that in time will
warrant the return Of dividends TO a 5 per
cent basis.
1t is as certain as any event can be that
the directors of St. Paul viii declare a
dividend of per cent Thursday, and the
statement, as THE NEWS predicted more
than four weeks ago, will show that the
company has nearly 100000 on hand APP
plicable to dividends upon the common
stock.
Compared with l.. & ~, st. Paul is
worth s15, or perhaps 20 per cent. more.
Physically, financially and geographic
cally 1t Is better property.
Manhattan will probably have some-
thing more of rise, especially as the
directors today formally declared the
dividend of ~ per cent. for the
quarter, and the books will close on We'd
nesday OF next week. The statement will
show net earnings, after all expenses, of
some 10000, or about 2 per cent. on the
stock.
The executive committee of the
Western Union will recommend the
regular dividend, but the statement
that is to be passed on, will
make anything but a flattering showing.
The excuse for giving stockholders the
IL per cent. will be that the company,
except in very rare instances, never makes
the dividend during the winter months.
Since the memorable interview and pro-
nunciament, issued by II. o. Havemeyer,
some 13 weeks ago, Sugar, in addition to
the dividend paid in January, has had
an extreme rise of 20 per cent. The en-
thusiasm at 1927 is every bit as great as
was the depression when the stock sold
at s2A. The Havemeyers generally go in
for a swing of 20 per cent. II they began
while they were advising everyone else TO
sell 1t is equally fair TO assume that some
liquidation is now taking place for inside
account,
General Financial Notes.
The London market for Americans is
very feverish and erratic. Prices are not
up TO New York Parity.
Long stock in New York Central and
short covering in most other stocks were
the features yesterday. Prices are helped
by the strength in Sugar and Chicago Gas.
Suit has been brought against the ID. G.
L. Company by rebate holders for SiS.
The contention Is that the rebates are
preferred claims and entitled TO priority
of payment out of the trust assets. The
court must decide the question.
The Journal of Commerce has a number
or interviews with people in all branches
of trade. They all speak hopefully OF the
situation.
Germany may take action today on in
creasing the bounty on exports OF Sugar.
1t looks as il money rates will work
higher.
IL is reported that McKim settled
privately 1900 shares OF short Sugar and
that he was long big line OF ID. {. +. and
sold il out yesterday.
Potter bought a great deal of Sugar
openly yesterday, but were sellers at low
prices las, week.
Providence Clearing House.
The cearngs of the Providence banks
today amounted TO Sy39, 200.
New York Stock Quotations.
REPoRTED NY MILLER q VAUGHN.