The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-19
FINANCIAL Ne VS..
st. Paul Directors Reticent,
Hence Unusual interest.
The Coal Trade &C. 3. & Q. Dividend.
Sugar RaiIy-Notes.
Special to the News.


tors will meet March IA to act on the di-
vidends. There Is unusual interest in
their action as the directors are unusually
reticent as to what may be done. An otf-
cial was asked yesterday whether the
condition of the property is being main
tanned. He said: "We are not
skinning our road. It's condition
is as good as it has ever been, and we are
saving the money without injuring the
property. People ask me how we can save
so much and the Northwest so little; or
how c. b. & q. can save more than we do.
/ give dt up. All know is that we can
safely save what We are saving"
Coal men profess to derive hope from
the fact that while the trade shows no
improvement it is not growing worse.
There appears 10 be little more disposi-
tion to keep the output within the allot-
ment. This is shown by the returns for the
two weeks of February. IL that basis is
continued the months output will be
about two and a quarter million tons, as
against an allotment of 2,0O0,0O0. This
would be particularly favorable from
statistical point Of view. Prices have not
improved up to date, because of the in
creased demand caused by cold weather.
This element may still be felt when deal
ers who have generally reduced their
holdings TO the minimum begin to stock
up.
today. There is no good reason to suppose
that the dividend will be different from
the usual per cent, but oil kinds of ru-
mors are circulated and it is intimated
that the decrease in the surplus might
lead the board TO be superlatively
conservative. Under these circum-
stances end falling positive
information, for the c. b. & @. board is
very oyster-like, it might be prudent to
wait for definite results on the board here
for taking n pronounced stand on the
Western group. 1t Is certain that &. b. &
q. has not made its full dividend, fact
that the statements for the past four
months evidence. 1t is equally true, how
ever, that the company has a surplus it
can readily draw from.
Sugar will probably have somewhat
more OF a rally, although it is stated on
excellent authority that 10000 shsreo Of
the stock are awaiting market at "a.
The news from Washington is not parti-
cularly enchanting. 1t Is well known, IL
silver men In the Fifty fourth Senate than
there are in the Fifty-third. Under these
circumstances 1t stands to reason that
there will be no extra session OF Congress
to relieve the financial situation.
Cotton.
Liverpool business moderate, prices un-
changed. Futures opened steady and un-
changed; demand moderate; sales 5000.
New York cotton futures opened
steady; sales, 800 bales. March, $50;
April, 5.53; May, 5.5S; June, 800; July,
5.63; Aug, 5.6S; Sept, OIL; Oct, 6.7S;
Nov, 5.s3; Dec, $50.
Railroad Earnings.
Cen. Pac.-2d Feb, dec, s62, 900.
CO Ohio-2d Feb, dec, s39, 400.
o. &. W.-2d Feb, dec, s19,906.
Iowa Cen.-2d Feb, 29,247; dec, SIC, $40.
Tex. Pac.-2d Feb, SOS, ,067; dec, SIS, ,67S.
w. l.. Ed Feb, s23 $50; inc, s2456
wabash-2d Feb, s195, ,O53; inc, sl6S3.
Gold for u. 5.
LONDON, Feb. 19.-The steamship Ems.
which will sail from Southampton for
New York tomorrow, will take eos, 900
in gold bars on account OF the
syndicate which took the new issue
OF the United States bonds. The total
amount of gold tLen on its way from Eu-
rope TO America will be e1,1s6,000.
Today's Stock Board.
WALL STREET, Feb. 19.-The initial
sales were generally a shade below
the final transactions OF yester-
day but the subsequent transactions
moved the entire list up slightly.
The dealings were light in volume. Silver
certificates have been advanced to 81 bid.
share speculation has been strong and
animated since 1915 o'clock and on good
buying prices have advanced sharply.
New Jersey Central is q higher, Minnesota
& 81. Louis and Delaware and Hudson ~,
Northwest, Cordage preferred and Long
Island Traction 1, Delaware Lackawanna
x and other shares \ u per cent. Some
shares moved downward, notably
starch first preferred fours TO 43
aud St. Paul M. and NJ. 3h to
100. Toward II o'clock realizing salcs
caused reaction oi q in New Jersey
Central and 4 in Northaest aud Delaware
a Hudson. Chicago Gas, yhich had ad-
vapcsd Y Lost q. The market new 10