The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-05
FINANCIAL ne WS.
Prominent Dry Goods Capt.
talists Encouraged Again.
Bell Telephone Antagonized-Whis-
key Contract Signed-NOtes.
Special 10 the News.


NEW YORK, April 5.--The traders have
been long accustomed to set backs fol-
lowing any conditions beneath the sur
face that tend TO encourage the belief
that better times will prevail this sum
mer than any that have been seen IN some
years past. One Of the most encouraging
facts that came to light yesterday, how
ever, was that quito g number of dry
goods capitalists that were tempted
int o the market few weeks ago and who
retired precipitately on the announce
ment that Jaffray 81 Co. would go into
liquidation, have again been encouraged
to take an interest In speculation. There
is no doubt that the announcement that
the old-time dry goods trm which
but few years ago was leader
and the second representative cor
poration in this country would go
into liquidation had a chilling effect, and
while Wall street simply recognized the
falling in the volume Of business, but few
attributed the cause TO its real source. 1t
10 gratifying under tho circumstances to
be able to chronicle the fact that those
who were the most alarmed 10 days ago
are seemingly reassured.
The feeling on the stock market con-
tinues to be one OF hopslessness and
good many persons are under the impress
sion that stocks are destined TO reach a
materially higher level of prices. 1t Is
true that the short interest Is
not as great as IL was and that two
of the prominent leading operators
who ..9spouse the short side OF
the market whenever they can force an
opportunity have been selling again, but
only putting out moderate lines, yet the
buying tor commission account has been
O conspicuous feature. Houses that have
never been in the market as speculators
have been given up and the principals OF
the firms In question admit that many OF
their old time customers are taking
little more interest in Wall street affairs.
The Westinghouse following that have
been so persistently bearish on General
Electric seem to be waveTing in their
allegiance, pro obably for the reason that
they believe that an arrangement between
General Electric and Westtnghouse work
ing forces will enable both companies to
fare much better in the future than they
Jared in the recent past.
II will pro badly be late today before
anything 10 known from the coal meeting.
II, as is deemed highly probable, an agree
ment is entered upon, there will be an
almost immediate rise in prices OF 40 cents
per ton. This will help the coal COM
psnies, OF course, especially as later in the
season there will be persistent monthly
advances, beginning with June, of from
15 TO 25 cents per ton until October. The
Reading is in a be tier position TO reap the
benefits of this understanding than any
of the anthracite corporations.
Today's Stock Board.
WALL STREET, April 5.-The stock mar
ket opened quiet and the distribution OF
business was more general since l0:l5 and
material improve vements have been recorded
in a number of shares, particularly in
Duluth. South Shore and Atlantic
were up cents; Lead, /; Northwest,
Leather preferred, New England and
Sugar, Is and Chicago Gas, Louisville q
Nashville, Tobacco, Reading and New
Jersey Central, y. During the past half
values consequent on realizing sales. New
Jersey Central has lost q per cent,
Sugar, Michigan Central, Cotton Oil pre-
ierred, General Electric and New En-
land, u.
Liverpool Cotton opened y point de-
cline. The market will be closed on April
II and 13, which are Easter holidays. Flu
lures steady; spot sales, 1000 bales. The
last cable makes the total decline point.
New York cotton futures opened irreg-
ular; sales 5000 bales. April, 6.15;
May, 600; June, 6.lp: July, 6.21; Aug,
6.22; Sept, 6.26; Oct. $50; Nov, 6.Si; Dec,
6.3S.
Railroad Farming.
Mex. Cen.-4th Mar S27s,6is; inc, s72,-
3ZZ.
P.-ath Mar, S7oi 900; inc, $4,000.
G. & Il. 18th Mar, s64100; dec, sl3,-
500.
Cen. Br., NJ. P.--4th Mar, $1,000; dec,
$4,000.
n. ", o. q With Mar, s92, ,3i6; dec.
S23SS.
4, st. l.. &N. C.--4th Mar, $50, ,2s7; inc,
s27S3.
I. P.--4th Mar, sls9,s7O; inc, s22,-
303
n. & With Mar, s2o9, ,265; inc, s3i,-
910
St. /, & $. With Mar, sisl 900; inc,
$4,000.
l. s G. Nth Mar, sioa, ,lO7; inc, si3,-
P.-ith Mar, s1Ss, 900; dec, s5s,OOO.
The Wool Market.
There has been large business in prog
rsss the past week, the total trans
actions footing up four millions OF
pounds. Several good-sized lots, not
ably OF ileeces, med ium and California
WOODS, have changed hands. Il is estima-
ted that about 100000 pounds OF
California woods have been sold in the
past two weeks. The market has ruled
quite steady, except on some lines of
tieeces and fine supcrs, on which some
slight concessions have been made. Ter
ritories, however, have sold at full figures,
and the same may be said Of foreign woods.
in spite OF the prospective large arrivals
OF Australian heeces. The firm closing OF
the London sales have stiffened the views
of holders of Australian stock here, and
although they have not advanced prices
in this market they find no difficulty in
getting foil values Tor what
stock they dispose of. Tho market
for domestic woods hes failed 20
respond TO the tone OF the market
ahrnad Thia mau be narfIu acnnunfed