The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-17
FINANCIAL NEWS.
Chicago Gas to Play the Leading
Role for a lime.
st. Paul Whiskey Doings.
Cotton and Statistics.
Special TO The News.

NEW YORK, Jan. H.--Chicago Gas Is
likely to play most important part in
the immediate speculations, consequently
1t continues to be the great su bject of dis
cussioi, and the opinion is very much
divided as to it's course in the immediate
present. Those who know most
about the property say that
the Standard Oil interests, which, with
the permission OF Mr.. Moloney and the
courts of Illinois, will take possession OF
the property In due course by right Of
ownership. have made a most exhaustive
investigation into the condition of the
Chicago Gas and the subsidiary COM
panies which formed the old trust,
and are satisfied that 1t is one of
the best equipped gas companies in the
country, and under the management they
propose to give it will become one OF,
II not absolutely, the largest money earners,
either in the East or West.
The general market should improve be-
cause the advices received from Wash
ington, from those who stand very close
to the influential men in the Senate, say
that there Is little or no doubt that the
Patterson bill will be favorably reported
on Tuesday and thus the path will be
clear for railroads from then on to make
bOIC idNOIdDlC WHICH Will UOl Dt
any hardship to the general public.
There Is no doubt that the Flower
party is and has been buying Rock Is
land largely. N. B. Reame stated q few
days ago that the crops in Eastern Kan
sas will be larger than any previous esti-
mate and that Rock Island, together with
many roads in the Southwest, will get all
the business this year that can be handled.
hot mil ka
the feeling on st. Paul is not particularly
hopeful, although the insiders do not
change their position at all, and they tell
their friends not TO be alarmed about the
spring dividend, action on which will be
taken in about eight weeks.
The showing for the second week in
January, while no worse than the estim-
ate made by officers of the company,
nevertheless evidences the fact that busi-
ness along the line OF the st. Paul is far
from being good. The gross loss of $780,
600 was due in part to the billiards ex-
perienced between the 10th and 14th. st.
Paul will probably yield about q per cent.
and good judges say they wonld rather
buy in the neigh borhood of So than sell,
except, perhaps, for scalping profit.
Wheat area, 1927 1852 acres; product:
barley, 2,O95, III ncres and 74,573, ,s07 bush
els and oats 1888, iOl acres and l39, ,732, ,723
bushels.
The Sugar Trusts Litigation.
WASHINGTON, Jan. 17.-All the demur-
rers entered by the defendants to the i'm
dictments returned by the grand jury
against President Haveneyer and Secre-
tary Carlisle of the American Sugar Re-
finery Company, broker Seymour Of New
York and correspondents T.. j. Edwards
and j. o. Shriver were overruled today by
Judge Cole in the criminal court, and the
defendants requested 10 pleai TO the in
dictments.
General Financial Notes.
ST. Paul earnings for the second week
of January decreased s60,559.
London is X lower for st. Paul and Y
better for Louisville q Nashville.
Liverpool Cotton sales, II, 900; futures,
2h per cent. up and very steady. This is
quite surprise TO The trade and many
conservative operators say that The market
has been relieved of a great deal of cotton.
General Electric acts as il temporarily
1t will seek lower level.
Advices from Chicago state that Mt
Peoria, directors of ID. c. +. were in ses-
sion yesterday, but were unable to do
business and adjourned till tomorrow.
Woolner denied the story printed in q
Chicago paper that he was being doomed
for place on the directory.
The ID. T.. +. circular is out this morn
ing and asks for proxies. Ii was shown
by former statement OF the company
TINT additional money in shape of an as
sessment on stock is unnecessary.
There is absolutely nothing doing in
Corn.
A Liverpool private cable says Wheat is
quiet with demand moderate. In Chicago,
Northwestern receipts were 165 cars
against 2Si last year.
Wheat opened steady, May 5S, market
bullish on Argentina news, and business
quiet and mostly local.
Gold amounting TO S50J,0)) was with
drawn today for export.
Reading will have to be assessed about
20 per cent, and the other junior securi-
ties will also have TO pay n good deal of
money il 20 millions arc to be realized.
The stock market orened quiet and
firm. The unfavorabe showing of st.
Paul for the second week OF the month
did not depress the stock 10 any notice
ableextent. The opening sale was a quarter
below the final Transaction yesterday and
this amount was q ickly recovered.
Chicago Gas lost n smaller traction, and
then on moderate purchases gained Z. per
cent. 10 7iX. Tie other shares iraaed in
have been advanced, including Pan
Handle, which is up per cent, Delawar
q Hudson "a aud Lake Shore, Pacific Mail,
Gan ,ds Southern aud Northern Pacific
preferred y.
Cotton Futures opened steady nt the
advance; sales 600 bales. January, 5.57 !;
February, 500; March, 5.e2; April, see;
May, $40; June, 5.74; July, 5.79; August,
5.s4 september, 5.SG; October, 5.92; No
vember, 5.e5.
Railroad Securities.
Richardson q Clark, bankers, have is-
sued a neatly gotten up hand book Of