The Providence news. (Providence [R.I.]) 1891-1906, 1895-05-28
FINANCIAL NEWS.
What Mr.. Bull Has to Say
About Crops.
More Interesting Gossip About C,
-B-& & 9. Stock.
Special 20 The NaMa.

NEW YORK, May 28.-Theodore W. Myers,
Dominick & Dickerman, Wheeler a. Van En-
burgh, Thompson, Adams and Cuthbert, were
the houses employed in the early rise in c.,
b. q. The move was credited in part TO Mr..
We'll, and in part 10 operators connected with
the consolidated board, who alleged TO be
in pool organized with the hope Of carrying
c., b. Q. 70 % this summer. There has been
an old short interest in c., Il. O., some Of
which Is supposed TO have covered since the
price crossed 80. Boston, however, has begun
to be "a seller. and is supposed to be pursuing
the policy which prominent interests in c.,
b. Q. have employed for years past. They
buy on a scale down from some price at which
they consider the price cheap-lately about
75-and sell on a scale up TO profit of from
to 10 per cent.
Chicago Gas people in this city had informa-
tion yesterday afternoon that the Lowenthal
frontage bill, and also the consolidation bill,
would pass the Illinois Legislature this week.
They added, however. that nobody could tell
what the Governor will do with them.
The feeling is more general that winter
wheat has suffered, especially in Kansas ;
spring wheat and corn, practically none at
all.
Bears are trying TO depress prices but the
Changers Go not yield. while specialties are
very strong.
London is all down, st. Paul and L. & N. y,
others Il 10 q. sz.-
Negotiations are on foot for providing Man
haitian Elevated with electric equipment by
the General Electric Company.
WHAT W. L. BULL SAYS.
Mr.. Bull Of Edward Sweet 81 Co., formerly
wires Wilbour, jackson g. Co. from Minnie
apolis that, after careful inquiry, crops in
that region are all right, and prospects very
favorable. The damage seems to be more to
the Southwest.
COTTON.
Liverpool Cotton futures, points decline
sales, ZOO bales.
New York Cotton futures opened steady at
the decline; sales II, 200 bales. January 7.35,
February 7.37, May 7.O7, June 7.03, July 7.0s
August ia, September 7ls, October I23
November 7.26, December 7.32
Cotton spot closed dull middling uplands,
5.1; middling gulf. 7 9-l: sales. 2O3O bales.
ToDAY's STOCK BOARD.
WALL, STREET. May 2s.-The stock market
opened active and weak. Susquehanna 81
western preierreu reCeueu Et2 per cent. ;
Union Pacific, !; Rock Island, Is, and Louis
Vile & Nashville, q per cent.
Speculation has been generally heavy since
10: :l5 a. IN. Susquehanna & Western preferred
reacted per cent; Sugar rs. and Tennessee
Coal per cent. General Electric and Pacific
Mail have been in demand and have improved
la14 per cent. respectively Susquehanna &
Western preferred Is II per cent. above the
low. and Alton & Terre Haute is up 215 per
cent, to Co. The general market continued
weak ON a diminished volume of trading.
THE LOCAL MARKET.
There was lull in the local stock market
last week. but Saturday boom took place.
One banker states that on Saturday and yes
terday no handled more Providence bank
stocks than ho has had commissions for dur
ing two weeks past
bF PROVIDENCE CLEARING HOUSE.
The clearings of the Providence banks today
amounted to SSS9, 800.