The Providence news. (Providence [R.I.]) 1891-1906, 1895-05-18
FINANCIAL Ne WS.
C. B. & Q. Seems to Have
the Preference Today.
Rumor That Reading Has Passed Into
VanderbiIt's Control
Special TO The News.

Special to The News.
NEW YORK, May 1S-There has
been excellent buying of O., B. Il O.,
and it looks as II 1t will sell at 80
before the time predicted for 1t by capi-
taiists, which was Independence Day.
For many months the bears singled out
this stock in preference TO many others
and sold II freely, claiming that it was
another Atchison and that nothing could
prevent it going the way OF all over
capitalized properties.
MIR. M. L. Connor, who returned from
the South some weeks ago, certain that
a naked improvement was imminent IN
general business ana that a bull move
ment was in its incipient state, said yes
| terday:
'T remarked a couple OF weeks ago that
the bears or the traders that played for
reaction might catch one out OF every
| three. / meant that they might sell
stocks and, once out of three times, their
assaults would be successful. The action
| Of the market leads me now to conclude,
| however, that once out OF four times
might not be abortive."
|
has passed under control of the Wander
bilts' First National Bank party. The
report Is doubted as London prices show
| declines of about one fourth. London is
no longer leading this market in the ad-
| vances, and il remains to be seen whether
local traders will carry on the movement
| without this assistance.
Wheat.
| NEW YORK, May 1S.-wheat, receipts
21s 800 bushels; sales, 4,250,0o0 options:
No. 2 red, market opened weaker, and
was further depressed by heavy realizing,
but rallied toward noon; July, 73ba
70 1-16; September, 73hs7fk; December,
759sa76.
Chicago, Wheat-May, 20 7-S; July,
| II ga; Sept, II 3-4.
Corn-May, 81 7-s; July, SO is; Sept,
81 is.
Oats-May, 20; June, 291-4; July, 20 1-2;
Sept, 2s 3-s bid; May, 90, 80 5-5; Pork,
May, 1910; July, 1247; Sept, 1872.
Lsrd-Msy, 6.7o; July, 6.s2; Sept, 6.97.
Short Ribs-May, 6.22; July, e.a2;
Sopt., 6.47.
Cash, Wheat, 20 7-s; Corn, ~ rs; Corn,
%; Pork, 1910; Lard, go; Short Ribs,
622.
Today's Stock Board.
WALL STREET, May 1s.-The stock
market opened easier. After 10:15 a. M.
the shares speculation was less active, but
values were a shade higher all around.
General Financial Notes.
Chesapeake g. Ohio earnings for the
second week of May increased S61 ,540;
from July to May IA, inclusive, increase,
SS37, 1856.
Texas Pacific earnings for the second
week of May increased s1213.
ID. c. f. people in New York confirm
the report that a movement is on foot to
form a strong organization to boycott
the ID. C. F. Company and the American
Distilling Company.
The attorney generals application to
cancel the trust deed of Chicago Gas to
Fidelity Trust Company, will come up be-
for Judge Mitchell on Monday. 1t will
probably be referred to a master.
|
Joseph says: "why don't you buy
Sugar preferred? You can't lose any
money. c. & c. will cross 25."
Sales in New York today amounted tc
216, 500 listed and q, 800 unlisted.
Cotton.
Liverpool Cotton futures 8 points ad
vance; sales, 10, 600 bales.
New York Cotton futures opened
steady at the advance. Sales 16,9OO bales
Jan, 7.2O; Feb, 7.25; March, 7.3O; May
6.s9; June, 6.95; July, 691; Aug, Cos
Sept, zo3; Oct, 7O7; Nov, 712; Dec.
71S.
Cotton futures closed steady; sale
115, 100 bales. JAM, 7.20; Feb, 1926: March
730; May, 6.s6; June, 6.s4 ;July, 6.91 Aug.
69s Sept, 700; Oct, LO5; Nov, 100; Dec.
715. Spot closed steady; middling up
lands, Z; middling gulf, IA; sales, 80
bales.
New York Banks.
NEW YORK, May 1s.--The weekly banl
statement shows the following changes
Reser We, increase, s6,5l7,S00.
Loans, increase, s6,37i,G0O.
Specie, decrease, s643,0OO.
Legal tenders, increase IL, las, 100.
+ Deposits, increase, f5, GIT, ,eee.-
Circulation, increase, $4,000.
The banks now hold ;37, ,5s7 800 in exces
OF the requirements Of the 20 per cent
rule.
Providence Clearing House.
The clesrings Of the Providence bank
today amounted TO ss75, 200; for the week
s5,362,9oo.