The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-11
FINANCIAL NEWS.
Peruvian Government Borrowing
Money in London at Present.
Gas Dividend Lower-Grangers Lack
Friends-Cen,r raj News.
Special to the News.

Special TO the News.
NEW YORK, Feb. 1.-THE Peruvian
government is borrowing money today In
London on its bond payable il silver on
AZ per cent. basis and this bond sells
at from 50 to 81. The Italian government
finds no difficulty in obtaining funds, al
though the fact that it is bankrupt
is acknowledged. The situation is not
grave, but it Is complicated, and read
justment of investments will naturally
be the outcome of the present government
loans should the Fifty-third Congress
fail to do its duty.
The feeling on stocks is temporarily
bullish, and traders will be generally dis
appointed IL temporarily, at least, lower
level of prices is not established. There
will be exceptions, OF course, and some
stocks will not yield materially. The
buying OF ID. q III. has been confident for
some days past. Orders are in the market
to take this speciality on even fractional
concessions.
The effort that is being made to convey
the impression that the next dividend on
Chicago Gas will be reduced to 5 per
cent basis is not likely to bring out very
much stock. Less than two weeks ogo
the Central Trust Company of New York
was preparing to mail the checks for the
February dividend TO stock holders. The
directors will not meet for more than two
months to take action upon the
spring dividend and incidentally 1t
may be remarked that the
party that absolutely controls
Chicago Gas insisted Oh the last dividend
being made at the rate of 6 per cent,
whereas those who hoped to cover their
shorts at a profit wanted the rate cut
down to per cent. basis.
The Changers still lack for friends and
it is thought that the forth
coming net statements OF the c.
r. & @. and St. Paul will make
but sorry showings. The gross earnings
for st. Paul are certainly Disappointing.
The statement for st. Paul for tie first
week of February, so insiders believe, will
not show less than 10000 loss, and this
will, in all probability, be exceeded for
the second week OF the present month be-
cause of the very rough weather that has
been experienced during the past eight
days.
The selling OF Sugar Saturday developed
q rumor that a trader who has lately been
conspicuous as a buyer was selling out.
nS pOiHi Vi intSE'sb III tnc NdnC 10 hhSthSA
the stock in question has been bought
for any one interest or as part of general
pool operations. Tho latter theory has
lately been prevalent in he board.
Cotton.
Liverpool Cotton sales 5000 bales;
futures steady, one per cent. decline.
The New York cotton market opered
quiet and steady: sales 23o0 bales: Feb
ruary, $40; March, 5.A5; April, $40; May,
5.55; June, 5.57; August, 5.66; Septem-
ber, 5.71; October, 5.77; Novemb Der. 5.S2.
Cotton ruled quiet and steady with the
fuctuation confined within a range OF 3
to 4 points. Traders seemed disinclned TO
increase their interest, pending the an
nouncement OF the Government report
due this evening.
Railroad Earnings.
New England for December quarter
shows a surplus increase of S3i3,34s.
n. ", n. H., Il H., for December quar-
ter, S7,142,664; Increase, s956,TSS; net,
e, ,231, ,s59; increase, $685., ,236; total,
net, s2,359,392; increase, S713,210; sur
plus, 1861, ,3sy; increase, s675,665.
b. x NJ, December quarter si,466, ,3cS;
increase, 1855, 5,351; net, 81, ,427, ,720; increase,
s129, 9,s3s; surplus, s35O,54o; increase, $685.
O42.
Aggregate railroad earnings, 60 roads,
Jan. 4, $7,24S.713; increase. S25S, ,759; 81
roads, JAM, gross, s3O,6il,0 ,0i2; increase,
Sil4,SS9.
Today's Stock Board.
WALL STREET, Feb. 1.-THE stock
market opened rather active and generally
firm. Northwest soon evinced weakness
and reacted z 10 935s. The heavi-
ness of this share was impaired
TO some of the other securities
dealt in ana Chicago Gas, st. Paul,
& Omaha, and G. c. c. d ST. Louis gave
way Is, Sugar and L. q n. x and Laclede
Gas preferred IL TO S2l@. subsequently
Northwest recovered lh and Sugar
x. The general list about steady.
After 1915 Pacific Mail ana Cordage
preferrad advanced = and Tennessee Coal,
"a. The market then began to improve and
advances were recorded Of one per cent. in
Lake shore, x in N. H., z in Susquehanna
& Western preferred, x in st. Paul and
Omaha, * in Chicago Gas and a smaller
fraction in the rest OF the list.
Wheat Market.
NEW YORK, Feb. 11.-Wheat weak
Receipts, 1i.100 bushels; sales, 100000;
May, 5S%si1-16; July, 59ah.
Wheat.
The speculation in grain was small and