The Providence news. (Providence [R.I.]) 1891-1906, 1895-09-25
FINANCIAL new
Next Saturday, Feast Of "Yom
Kippnor" Observed.
London Fortnightly Settlements viii
Help American Railroads.
Special to The News.

Special to The News
NEW YORK, Sept %. The earnings OF
Q. B. & O.. from this on, will make most
satisfactory showings. Insiders say that
they fully expect to see the STOCK put
back on per cent. dividend paying
basis by next Jupe. There Is no doupt
that the Z. b. & q. will make extraordl-
nary large earnings during the next u
months and the most sanguine think that
| these returns will increase at the rate oil
| from 1850, 900 to $3.50, 900 per month net
from the first OF January. 1896, until the
| end OF that year. Boston, which was IN
| clined to be bearish upon the stock, APP
pears to have changed Its tune, and 10
now sending much more encouraging ad-
| vices.
The Flower party continues bullish up
on Rock Island, and there Is no doubt
that supporting orders which mean sup
| port, have been issued in that property.
| The same capitalistic interests are as cer-
| tain of their position in Chicago Gas as
| ever, and they insist that people VINO VIII
hold this property, and will not be fright
| ened by any of the wild rumors that are
| current from hour to hour, will make
| an exceedingly handsome profit. One gen.
| tlemsn, who is particularly enthusiastic,
| but nevertheless has excellent informa-
tion, suggested his willingness yesterday
| evening to wager any part OF so0Oo that
Chicago Gas Will pay a dividend before the
|
ganization will have been successfully
completed.
The fortnightly settlements which be-
| gin in London today will be watched
with a great deal more interest. because
| ii is thought that with their elimination
a more lively demand will spring up Tor
| American securities Friday, or which
| day the fortnightly accounts Will be con-
| cluded, will practically wiz: 4 up the busi-
/ ness for the week, because on saturday,
"Yom Kippnor," or "the day OF atone.
ment," win be celebrated. This festival
always takes away from the city nun
/ dreds of stock exchange brokers, Jobbers
| and others who, when present, are re-
sponsible for much of the activity in the
| house.
The latest advices from the other side
say: snow that New York seems to
have thrown timidity overheard, Ameri-
can railroads have come again well 10 the
front, and without a single exception the
| dividend payers, and the best grade OF
| speculative issues show substantial
| strength. So firm, indeed, 10 the depart
ment, that a speculation OF no small bull
ish calibre could very readily be engi-
| neered. Unless appearances are deceptive,
we are on the eve OF a strong and sub.
stantial movement In the department for
American railroads, and the chances will
favor those who stay the longest by their
| purchases"
GENERAL FINANCIAL NoTEs
The returns of st. Paul for the third
week of September show comparative
increase of S69 709.
w. III. Crossman & Brother, will ship
q, 600, 600 gold today, and f1,6OO, 600 by
Saturday US steamer. These are not regu.
lar exchange shipments, but on special
orders from Berlin, who are paying pre-
MUM for the gold, because they require
il in connection with the funding OF the
Prussian bonds into lower rate issue.
The London market is heavy. st. Paul
is the weakest, being 3-S lower; Il. q NJ,
and the rest OF the list are Is ito to d lower.
Treaury gold today, 800, 5S5, 333
Government receipt are showing
steady increase, and the September state
ment will show a surplus.
Imports OF raw wool to the United
States in August amounted to over 3d.
600, 600 pounds, the largest on record.
The Rock Island dividend today was ex-
pected to be l2 per cent.
Joseph saws: 'sThe market will sag and
declines under the lead Of Sugar, Pacific
Mail and ID. G. Il. will be from l2 to per
cent. Don't bear the Coalers, Reading
especially"
London is making the present cotton
crop 1000, 600 to z, go, 600.
Canadian Pacific earnings for the third
week of September, increase, $12, 600;
Texas Pacific, increase, &13, 456; Denver u
Rio Grande, decrease, $500.
ToDAY's STOCK BOARD.
WALL STREET, Sept. 25.-The stock
market opened weak and fairly active,
the bears Centering their efforts against
the Grangers and Southwestern shares.
The former yielded fractionally and OF
the latter Missouri Pacific was down
and South preferred, Is per cent. Sugar,
Chicago Gas and Distilling were sup
ported and improved slightly.
Speculation was weak in tone until
after IL am. The Grangers suffered recess
sions extending to per cent, the last In
Burlington. Sugar declined rs, despite ad-
vances in all grades OF the refined product
and established this morning. Tennessee
Coal lost l is and the general list frac-
tions. The weakness in the Changers
was on the failure OF the Rock Island di-
rectors TO increase the dividend rate to-
day. Sales TO noon $4,000, including
1i4,000 listed and %, 900 unlisted.
GOLD SHIPMENT.
NEW NoRK, Sept. 26-w. II. Cross
man q Brother will ship 81, 200, 900 gold
tomorrow to Germany. This is the first
movement OF gold to Germany since the
famous triangular gold movement be-
tween Paris, London and New York. The
impression in exchange circles ~ that the
pold Is part OF amovement TO Germany
hlying in view the refunding of German
government per cent. bonds into per
cent. bonds.
LOCAL STOCK MARKET.
There is not muCh life 10 the local stock
market. nor is there expected TO be until
the October dividends are paid, when
more activity may be looked for. In fact,
there are very few stocks being offered.
Providence Gas, Narragansett, Electric
and Gorham preferred find few buyers
at fair prices and yesterday one firm sold
quite block OF National Worsted pre-
ferred at top notch. American Screw Il