The Providence news. (Providence [R.I.]) 1891-1906, 1895-03-02
FINANCIAL NEWS
No Immediate Pooling Ar
rangement Among Coa!ers.
st. Paul Earnings-New York Central.
General Notes.
Special to The News.

NEW YORK, March 2.-All reports to
the contrary, Notwithstanding, there is
not likely TO be any immediate pooling
arrangement made between the coal COM
panies, although an agreement similar to
that which existed some months ago Will
be revived and probably put in force. To
quote the vice. president OF one
OF the most important anthracite
producers, I" il can only be a
question OF time when the kickers will
come to a sense of the responsibility that
should rest upon them and conclude to
sell their goods at market value, instead
OF sacrificing them as they are now
doing"
If ever an opportunity was permitted to
slip by without profit, the present may be
said 10 be the one. The anthricite coal
companies never, that is to say in 10 years
past, had the facilities for making money
such as was presented to them this win
ter.
The Standard Oil people that have been
giving protection to st. Paul have con-
Guided to issue even a more liberal scale
order than that which was in the market.
1t is believed that il decided stand
| could be taken and strength impaired TO
the general list for a day or two, Europe
a
the situation aud would buy back those
speculative lines that have been thrown
over in the last few days.
Speaking of New York Central, one of
the directors said yesterday: ~ took
occasion yesterday to look over the trans
fer books to see IL there had been any
change of Importance and l find that in
stead of diminishing, the number
of our stockholders has been actually
increasing. There have been no
significant changes where large investors
are concerned. Cable advices from our
London offices show that the recent de-
preston has simply been taken advantage
| of TO thereby enable small investors TO
! pick up the stock. Ii is doubtful whether
10 per cent of the recent sales were of le-
gitimate origin"
st. Paul will probably be made leader
during the early days of next weeek and
the London markets will bear close watch
ing, because the campaign which
has been bearish -eH-the other
side will probably be changed almost inn
medistely and under the leadership
| of Louisville x Nashville, st. Paul, and in
all likelihood New York Central, an effort
will be made to lift the department for
| American securities out OF the rut into
which it has recently fallen.
The earnings of st. Paul for the month
| of February will, as is generally under
stood, not make very gratifying show
ing as far as the gross are concerned.
! They should come out after the close to-
day.
Still Another Lien.
The announcement is made this morn
ing that Joshua S. ingalls, of Boston, has
put lien of $4,000 on the property of
the Kent q Stanley Company.
Mortgage Foreclosure Desired.
NEW YORK, March "A private dis
! patch from Milwaukee says that bill for
the foreclosure of the first mortgage on
| property of the Green Bay, Winona & st.
| Paul railroad company has been filed in
| the office of the clerk of the United States
| Circuit Court by Henry Corbin OF Chi
cago and w. Strauss of New York as
counsel, on behalf of William S. Mowry
and others similarly interested, who may
hereafter join them. The bill prays for
foreclosure and for the appointment of
receiver of the property.
Railroad Earnings.
e. &C. q st. L.--Sd Feb, sos, ,57S; inc,
s27,593.
+. T. H.-3d Fob, S20,559; inc, s2l0
c. P.-Jan. gross, s1,171 ,036; dec,
s219,7l9; net, s346, ,72O; dec, s35,925
c. q o.-Jan. gross, S7s1, ,l0i; inc,
s25,0S5; net, s25O 127; inc, s1i56.
Iowa C.-Jan. gross, S1l9,5S2; dec,
s337i; net, s39, ,52O; dec, S4532.
wabash Jan. gross, s9O5,995; inc,
$3.50; net, 1896, ,49S; inc, s4l, ,025.
Cotton.
New York cotton futures opened quiet
and steady; sales, 1000 bales. Jan, 5.7S;
Feb, ---; March, 545: April, 5.45; May,
$40; June, 5.52; July, 5.5l; Aug. 5.5s;
Sept, SOL; Oct, 5.65; Nov, OIL; Dec,
5.75.
Today's Stock Board.
NEW YORK, March 2.-The stock mar
Ket opened dull and heavy. Louisville d
Nashville receded q per cent; Tobacco,
| IS ST. Paul, General Electric, New Jersey
/ Central and Northwest, =, and Burling-
ton, x. Distilling was in demand and
gained x, and Sugar up q.
big Railroad Deal.
| ATLANTA, Ca. March 2.-The Southe
Railway has bought from John n. Inman OF
New York the controlling interest In Ash
| vile & Spaftauburg, and SpartanbuTg
| Union q Columbia railroads OF South
Carolina, and yesterday took formal
| possession OF and began operating the
| properties. IL is understood that the
| price included e. 100000 in Southern secu-
rites, besides considerable amount Of
cash.
General Financial Notes.
London opens heavy with st. Paul down
| X and l.. n ~, "a. While this may have
been by the shorts to cover, yet 1t should
cause weak openipo,