The Providence news. (Providence [R.I.]) 1891-1906, 1895-03-21
FINANCIAL NE VS..
Worth of American Tobacco
Company's Annual Report.
Pointer on Sugar-AIso Whiskey Tips.
General Notes.
Special TO The News

Special TO The News
NEW YORK, March 2i-The halt in the
market was regarded as not unnatural
after the advance and satisfaction was
expressed because the undertone appeared
| to be firm.
The head of Chicago company says
| there are here and there evidences OF inn
provement in manufacturing and mer-
camille lines.
Friends of the ID. c. f. express satisfac-
tion over the agreement with the Ameri-
can Distributing Company. They said 1T
meant that the Distributing Company
| recognized the strength OF the ID. C. +.
| com bination and had decided that
mutual interests would be be benefited
| by cooperation.
A gentleman, who was shown the figures
| OF the American Tobacco annual report,
which has not yet been made public, says
| the figures printed on Feb. 25, showing a
surplus of nearly 100000 invested in
tobacco and other products, and surplus
for the year, after full dividends OF about
9, 500, 900, or over 20 per cent earned on
the stock, against about 10 per cent. in
| 1898, were correct within q few thousand
| dollars.
The report in Chicago that st. Paul will
show a net increase of 100000 for the
month OF February is believed by good
authorities 10 be we'll founded.
| General Financial Notes.
London is x TO u higher. About 5000
shares OF short stock were put out yester-
day by an operator.
| A Washington correspondent advances
the theory that Japan will take her in
demnity from China in the form OF bonds.
The point is out TO buy Sugar, and
rise of not more than one or two points is
expected.
Wheat.
A Cincinnati special reads that he Price
| Current says that the wheat regions west
| of the Mississippi river are reporting crop
more discouragingly, weather preventing
seasonabie growth. There is fair sup
| ply of Corn in many sections.
The last cable from Liverpool shows u
point advance. 1t was u below our close
at l p. IN.
New York spot sales, 1900. The mar
ket opened points higher, lost that and
was "a lower.
Railroad Earnings.
| C&E.L L-2d. March, Sos, 700; inc, s9100.
! NJ. P.-2d. March, $4,000; dec, $1,000.
St. l.. & S. W.-2d. March, sS6,S00; inc,
s41oO.
N.P.-2d March s24s, ,223; dec, S9S13.
| L., n. A. & CID Mar, $500; inc.
s23l.
S. Ry.-2d Mar, s345, ,217 dec, s72l1.
n. q W.-2d Mar, S221 1913; inc, sl3, ,567.
l.. Il. & s.. L.-2d Mar, S27, 313; dec.
s21l4.
The Wool Market.
The reported strength of tine markets
abroad has not as yet been reflected in
any apprecisble advance here. Prices,
though not quotabiy higher, however,
are certainly steadier, and although trade
has ruled very quiet, manufacturers
have found it impossible to obtain con-
cessions in values from those current a
week ago. Wool is low in comparison
with every other staple article,
How far the prevailing low values are due
10 a settled policy antagonistic TO rise
as we draw near TO the new clip is a
question which is debated now, as it
always is in tho spring OF the year.
Stocks Of domestic wool here are not
large, and yet there appears to be enough
TO meet the demand, which in itself is not
urgent, manufacturers buying mostly in
small lots. The business of the past week
has been of retail character, very few
good sized lots having been moved. The
aggregate of transactions, In fact, is
| even less than that OF last week.
Holders of wool, however, are
in some cases quite firm in their views,
and a case is cited where a manufactures
who came into the market and made some
offers, none Of which was accepted by
the dealers, went home without
securing his wool. 1t Is beginning
TO be believed even by some OF those
who had been looking for further
decline in values, that wool has got TO a
point where the bottom can be felt, and
that any further change in values will be
In an upward rather than in a downward
direction. IL is already easier, certainly,
to get asking prices for wool than 1t was
a week or two ago.
The sales for the week amount TO I, ,235,
OOOIbs. domestic and $4,000 lbs. foreign,
making a total OF 1871, 900 lbs. against a
total Of 2,097, 300 for the previous week,
and total of 2,9l2,bo0 lbs. for the cores
ponding week last year. The sales since
Jan. 1, 1895. amount to 3,s46,060 lbs
against a total OF q, ,S32, 100 lbs. a year ago
The sales In New York have amounted
TO .Ois, 900 lbs. The market there IL less
active, but steady.
The sales in Philadelphia aggregate
1853, 900 lbs.
Providence Clearing House.