The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-29
FINANCIAL Ne VS..
Two Distinct Whiskey Pools
to Carry Price Up.
IndustriaIs Going Higher-Some Rail.
road Earnings General Notes.
Special to The News.

lndustrials created an impression that
speculation in these stocks might go con-
siderably further. Stress was laid on
whether London bought this morning,
the general disposition to go with the
current. The advance in Lead was due to
the Improvement in the price OF the fin
ished product. Distillers rose on steps
toward settlement and on information OF
a bull pool. There is no gainssying the
fact that the sentiment, speaking
from a professional point of view,
is inclined to DO conservatively bearish
and that IL any encouragement be given
to those operators that lost a great deal
of money beause of the recent rise they
will not stand upon the order of selling
st. Paul, Rock Island and Northwest.
Stocks are not dear for those who wish
to take a portion and maintain il for re-
suits that will be reached in the course of
60 or 80 days. The possibilities OF the
market are very great, as may DO seen
from the figures that ruled
only a few years ago. Lake
Shore, it will be recalled, when
it passed into the non-dividend paying
ranks in 1884, sold at 50A. 1t now pays
8 per cent. dividends and is considered q
bargain above 1io. Missouri Pacific,
taken in contrast to Lake Shore, likewise
develops considerable strength. The
property cannot be said to be solvent yet,
but there is no doubt that its status will
improve materially this year.
Two distinct pools have been formed in
ID. I. +. and the intention is to carry the
price to the n~eigbborhood of % this week.
The last assessment of Il will be paid
today. The reorganization, now prac-
tically completed, will enable the friends
of the ID. c. +. Trust Company to forge
ahead as they nave not been able to do
during the period of litigation and re-
Mobilization. The directors, made up OF
conservative business-like men, are par
ticularly sanguIne and they believe that
they see a very great future for their
property.
Liverpool Cotton sales, 1900 futures
opened two points up.
New York cotton futures opened steady
at the decline. Sales II, 400 bales. jan,
1903; May, 6.77; June, 6.72; July, CTS;
Aug. 6.s2; Sept. 6.s3; Oct, $50; Nov,
6.92; Dec, $50.
The following from c. franklin Nugent
& Company's private wire is authentic:
The news on cotton Is practically
without change, and cuts
no figure at present in the way
OF shaping prices. The market opened
a little soft, but quickly tool on a firm
tone and values showed some improve
ment. Good buying is still noticeable on
every soft spot, and this not only checks
any tendency to sell, but encourages those
who are waiting for a reaction on which
to buy, to forego such reaction and
get in as cheaply as possible. This
largely for the e~rratic course OF
one day and down the next.
As previously stated those who hold off
for a set back may regret the delay and
climb to much higher figures than are
now being quoted.
Local Stock Market.
The local market starts the week with
public confidence and with
every prospect for better business than
The last two weeks, which were consider
ably better than for a long time. The
bank stocks and all the local industrials
are favorities. and will very likely boom
This week. Many inquiries came in TODAY
for sound Investments paying 3 and 6 per
cent, and, in fact, the demand is Begin
aing to exceed the supply.
Today's Stock Board.
WALL STREET, April 29.-The stock |
market opened weak and active. Sugar de-
rs per cent. Louisville q New
preferred, st. Paul, Erie and
Northwest y, and Louisville 81
Nashville q. The Leather stocks were
potable exceptions, and improved IA to
"a per cent. respectively. Kansas &
Texas preferred also gained Z per cent.
h reactionary movement continued
until 1880 O'Clock, with the railway list
he chief sufferers. st. Paul and Omaha.
ost IL per cent; Northern Pacific pre-
Il; Tobacco and Denver
Rio Gnnde, "a; Wheeling q
lake Erie, x, and Leather common pre-
erred, Y. At 1880 the Industrial shares
we're taken up and advanced materially;
he railway list also improved. Tobacco
allied 2h; Distilling, a; Sugar
md Chicago Gas and Cordage,
Cordage preferred, Lead and CONSOLE
lated Cas-, y. In the railways. Rock Is
and gained q; Wheeling a Lake Erie, q;
nd Burlington and Lake Shore y. Pull
nan jumped pa per cent, to 17Oh. specu-
alton continues active and trading high.
Railroad Earnings.
Z. a Sd tpr,. $4,000: dec. sgOOQ-