The Providence news. (Providence [R.I.]) 1891-1906, 1895-05-10
FINANCIAL NEWS.
London Making the Bulls
Happier Than Ever.
Atchison Said 10 Be Going Way Up
Immediately.
Special to the News.

NEW YORK, May lO.-London made yes
terday's market. The local buying power
seemed early in the day to be exhausted.
but as London continued to absorb
stocks the professional element In
the market became encouraged, |
and finding that stocks moved |
easily, developed a good deal of enthusi-
asm in the afternoon. London bought, |
proba bly,, 90, 900 shares. The stock mar i
ket was the largest yet, sales amounting
to $4,000.
The friends of Chicago Gas are
keeping the stock down Tor q.
purpose They don't want any
pyrotech mics, nor do they wish TO
encourage any trader in it until Governor
Altgeld takes Official action on the 'front.'
age bill. IL is part OF the program, al
| though Gas will sell eventually very much
higher, to temporarily permit 1t to retire
within itself and draw down the blinds.
There is no reason to look for any fur
| ther particular boom in st. Paul III the
| earning capacity of the company is 10 De
taken as a criterion of increased prosper
| ity. The returns for the first week OF
Nav show a decrease of 7,766. The
| exhibit certainly does not warrant
| the marked advance that St. Paul has had.
/
| property, it must not be lost sight OF
the fact that the dividend in september,
| unless there should be an extraordinary
period OF prosperity, will only be i per
| cent. and this will be paid because the
company is making the strictest economy
in operating expenses.
Cotton.
New YORK, May 10.-Cotton futures
opened steady; sales 4, 100 bales; JAM, GA;
Feb. 6.9S; March, 7.03; May, 6.65; June,
eco; July, 6.66; Aug, 6.72; Sept, o.H;
Oct, 6.Sl; Dec, 6.S9
Liverpool spot sales, 5000 bales; futures
easy at "a point over our closing prices.
Cotton-Spot closed quiet; middiing
uplands 6%; middling gulf 2; sales 20
bales.
Today's Market
WALL STREET, May 10, 1915 a. m.-The
stock market opened strong and active.
The transactions thus far have been
very large with the heGYlest
trading in Reading, Baltimore and
Ohio advanced 2la per cent. and the other
shares gained frsctionally outside oil the
Leather preferred, which lost 70 per cent
Atchison, 3-s; New England, 3-l4;
.. Sugar, ia 3-s; Distilling. 20 3f; General
.. Electric, "a Ia; Chicago Gas, "a Ia; Bur
lington, 70 is; Rock Island, 60 is; st.
Paul. 66 l-2; Northwest, 9S Ia; Western
2 Union, % Ia.
stocks continued to improve until 1O:45
3 Colorado Coal showed gain OF 1 3-4 pei
/. cent: Denver & Rio Grande, SIS; dc
preferred I Ia; New Jersey Central and
4 NELLIE; Reading, 3-s, and Lake
: Shore. Cotton Oil preferred and Susque'
hanna & Western preferred, ! per cent
q Sales to realize profits have sent prices
downward l-Sa rs per cent, during th'
last IS minutes, with the heaviest break II
i Distilling.
d Money on Call.
Money on call in New York was easy a
q 11-2 per cent. Prime mercantile pape
i to 4 1-2 per cent. sterling exchang
weak with actual business In bank
G ers' bills at s4.S7 to 4.s7b for de
: mand. and s4S6 to 4S6 is for 60 days
IT Posted rates, 4S7a4Ss and 4.Ssa4S9
commercial bills, 4S5A Aa4.S5h; silver Ger
Is tificates, 66ha67A, no sales; bar silver
66X; Mexican dollars, 52Ia. Government
% bonds strong.
General Financial Notes.
oI Manv members of the Illinois Legisla
" ture are carefully studying the frontsg
IN hill The Governor can withhold his de
Ia cision until May 1S
m Some of the large interests in Sugt
have sold and will be glad
ID get their stock back. There will probabl
=, be continued efforts with that end In viey
The company is making at present abot
as Q, OF cent per pound on its productio
n Ii is again said that the control OF ReaC
&c ing is i'm new hands and the conhdei
buying OF all the Goals seems TO suppo
~ this idea.
I'll Loncon shows advances as follow
IN Reading, "a; Erie. x st. Paul, %; Unic
an Pacific, u; Northern Pacific preferre
to u; Wabash preferred, 9s; Others abo
he u. II is cabled that this morning Londt
'as traded in 100 600 shares in the departme
for Americans.
Joseph says: "Atcbison Is the STOCK
O, buy. People who bought Reading at 8
nm six weeks ago have doubled their none
RS Reading will sell much higher. Conside
'ur ing it's earnings, ST. Paul is not doing
ng we'll as Chicago & Eastern Illinois; b
a%a % the latter and hold it,"
,ns j.. y. Bache a Co. telegraph: "Weath
Ia shows freezing at Lauder ana Cheyenr
Ihe and frost at Fort Buford, N. d., rail-
he North Platte, Valentine, Denver and
Paul; cloudy, Ysnkton.n
II. Temperatures in the West, yesterd'
pc ranged from 30 in Chicago to 100 IN n q
sas, the hottest ever known in May. IL
unreasonable and not considered favol
urv BILE to crop raising.
rye Providence Clearing HOUSE.
I'd, ~. .tu.r,nr. ~ the provideuce bar