The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-02
FINANCIAL NEWS
Sugar Still Keeps the Specu-
Iators BusiIy Guessing.
Chicago Gas Again-New York Gen.
trail Rumor-Notes.
Special to The News.

Sunday and the strong London prices
gave foundation for liberal selling.
The buying was not as good as heretofore
and the market soon acquired tired ap-
pearance, which lasted, with intervals,
all day. GA
Statements are becoming more definite
In regard to an issue OF collateral trust
bonds by New York Central. The NEWS
referred to the matter March Is, and now
it is said the issue is likely TO be 10000
900, and that j. p. Morgan may place the
bonds in London, which city he Is ex-
pected to reach tomorrow.
A gentleman who ought to know what
is going on in Chicago Gas says: 81 can
not say officially what has been done in
the matter of dividends. have an idea
that nobody knows just what the next
dividend will be. / rather think new in
terests in Gas are paying especial atten-
tion TO nursing the property and accumu-
lating as mach money as possible, so
when legal obstacles are removed they
can distribute dividends at fixed rate
for long period without fear OF inter-
ruption..
Last Saturday attention was called to
Sugar, and the fact was pointed out that
it had closed the previous night at 101,
with a decided rising tendency. II has
since rendered a good account of itself,
but not an extraordinary one, considering
the dividends the company pays, and
the fact that it will con-
tinue to pay ~ per cent. per
annum until the directors conclude to
dispose of some of the extraordinary sur
plus held in the treasury, and which be-
longs to the common stock, in which case
he fuid rafa ha ha
made, as on former occasion, at the rate
OF % per cent. per annum.
General Financial Notes.
Today is election day in Chicago, and
there is no market.
Tomorrow will be election day in Prov
idence and the banks will close. Stock
boards will run as usual, however.
Liverpool wheat is steady; demand
moderate, "a lower.
The Sugar checks have been sent out,
but there appears to be no statement ac-
companying them.
There is some talk of an extra session
in event OF decision against the income
tax.
London is irregular with losses for st.
Paul and Atchison. l.. & n. is unchanged
and the Others are a shade higher.
The government weather report pro-
nounces the season from two to three
weeks late.
The ID. G. +. suit against Morris Il
Greenhut for Il 100000 will be filed to-
morrow.
Silver is X lower.
Liverpool Cotton opened about 1 per
tln
TIE general Improvement in ali lines of
business will soon be felt in cotton. There
is no article of speculation more elastic
than tsis staple.
New York cotton futures opened steady;
sales S100 bales. JAM, 6.51; April, 6.2S;
May, 629; June, 6.32: July, 6.31; Aug,
6.32; Sept, 6.33; Oct, 6.37; Nov, 6.42;
Dec, 646.
Today's Stock Board.
WALL STREET, 1915 a. m.-The stock
market opened moderately active and
heavy. Hooking Valley receded x per cent,
New England, Sugar, and New Jersey
Central y and the general list smaller
fraction, except for Bay State Gas which
advanced Ia per cent. and Lead 4. New
England subsequently rallied 1 per cent.
to 81. Ten thousand dollar silver certifi-
Gates were traded in at 81.
III m.-Speculation continues dull but
firm. Receding, Sugar made further
decline of Is, and rallied y Denver Il Rio
Grande preferred has lost q and c. c. Z. q
st. Louis, Reading and Chicago Gas, y.
Consolidated Coal fell 2s4 per cent, to 2sh.
Tobacco is in favor and has gained a.
Market steady at the low figures.
Good Records for March.
1t is generally conceded that there was
a great Improvement in commercial and
financial circles during the month OF
March, but few realized the extent OF the
appreciation of securities on the New
York Stock Exchange.
Twenty-nine representative and mis-
cellaneous stocks appreciated in the fol-
lowing interesting manner, the advance
ranging from q to 1917.
Open Clos
ing. ing. Ad-
Nch. LMch.3L vance.