The Providence news. (Providence [R.I.]) 1891-1906, 1895-10-10
St. Paul Earnings Far ex-
ceed Anticipatlons.
Prominent Railroad Officials Lock
Forward to Great Prosperity.
Special TO The News

ars looking IorWaru 10 PofIoo VI ~
| procedented prosperity. They say that
| rates are being maintained on an equita-
blo basis and that there Is more OF dis
| position on the part OF even the "old-
J time kickers" TO act in concert with those
railroads that believe in doing business
upon business like basis.
| The net earnings OF the Lake Shore
show moderate increases and it is esti-
mated that the earnings for the IL months
| that will end with December will be
| equal to over %, 500, 000 on the stock, and
that, after all fixed charges and the
dividend OH the preferred, there Will be
still left something equal 10 abont per
cent. on the common. When one con-
siders that for more than II years the
Lake Shore has kept no capital account,
| but has charged everything TO operating
expenses, and the fact is recognized that
the physical condition OF the company
| was never more admirable, good and sutfi-
cient reasons are found for the tenacity
| with which holders cling TO their shares.
aud for the belief that In due course the
price may be expected to reach l75 or
! more.
| There is no doubt that, with the revival
OF the bullish speculation, ell the Van
derbiit properties VIII come TO the front
| and will make new records. Among the
low priced Vanderbilts, Omaha common
Is likely to become active at higher prices.
| The earnings of Omaha are picking up
and undoubtedly dividend VIII be made
on the common in the course OF year or
| 80. During the year OF panics 'and de-
| pressions, Omaha maintained it's dividend
| rate upon the preferred and succeeded
| in adding to the surplus besides. Now
| that business has become normal again
| and the most enthusiastic are looking for
ward 20 periods OF comparative prosper
ity, there II no reason why the stock
holders of the Omaha should not share
| aome Of the prosperity.
Tn next pronounced FLIP to be given
to the market will undoubtedly come
from the Coalers. Contracts are no longer
| made ahead by dealers and the policy that
il now pursued is just about as conser va
tive as the business methods of q couple
OF months ago were aggressive. No mid
dleman feels like selling coal for more
than week ahead at going prices. This
10 q straw that shows conclusively that
the anthracite prod ucers are about chang
ing their policy and will pursue course
which, il II had been adopted in the early
spring, would have resulted in profit
in the net among the nine coal companies
of not less than $50, 100000
Even the most enthusiastic bulls on st.
Paul did not look for the earnings for the
first W elk of October, 10 show more than
S12O 900 increase; whereas the returns
show gross gain Of $i55, S19 The ez-
hibst can only be described as "superb ~
riod in question and recognizes that they
compare with S667, ,30l, which was by no
menas q bad showing for the first week
OF October, 1894, the returns OF SS22, $40
fof the corresponding week this year are
simply monumental st. Paul is running
al the rate OF S137, COO day. This, II kept
up for any reasonable time, will speedily
put the stock upon q higher bnsis OF div
idsnds.
GENERAL FINANCIAL NOTES
The London market is no higher on st.
Paul, in spite OF the inreased earnings.
Erie and Reading show 1-S advance and
L. q n. a decline.
The Sugar trust has abolished rebates
and will hereafter consign goods to agents,
paying them q commission of 3-16 on
swearing that they will not cut prices on
violated conditions. BY this plan the
trust will have full control OF Its custom
ers.
Reading advanced coal prices again to
conform with prices OF the New York
companies.
II Is said that the plan OF the reorgani-
zation committee OF the Gas Company Is
to begin by consolidating the Chica
Gas 4 Coke Company and the Peoples
Gas Light q Coke Company, these two
being empowe cred TO COM bine by a special
act OF legislation in 1873. After this Is
done some way will be found to treat the
other five companies belonging to the Gas
trust.
last year, compared with 1898.
Wheeling IL Lake Erie earnings for the
first week of October increased S36S; from
July 1 to October Z, increase, $17, S43.
Foreign sugar markets unchanged for
cane and beet; German granulated, 13s.
3D., T. o. b., equivalent to asa cents for
the sugar in New York.
IL ofa In,
iton irregular.
Joseph says: elf there be any bull
pluck left st. Paul should sell above so.
The short will run on Sugar around 11O;
it Isl. good thing to be long of market
The earnings Of Northwest for septem-
ber wilt show, so officials say, a gross in
crease OF nearly 100000.
Union Pacific Is up on rumor from
London that the plan OF reorganiza-
ticn IL to come out soon.
7. s. Bache & Company wire Miller &
Vaughan: "We hear confidentially that
the proposed suit against Chicago Gas
will probably work down pending the
facts becoming public"
The Wool Trade.
The American Wool and Cotton Report
or says OF the wool trade:
There has been a good demand for wool
the past week, and the market shows
continued strength and a firm tone. The
Boston maket continues TO be the most
active, the principal transaction in New
York being q lot OF Cape, which went TO
q Boston house. Medium and coarse
woois evidence sn improving demand.
Fine woods continue active. Prices are
practically unchanged, and users are
meeting dealers resdilv at existing prices.
The sales OF the week amount TO ;, ,639,-
600 lbs. domestic and 241i,5Oo lbs. for
eign, Masking total OF 4, 053, 800 against n
.-.-t n 4fe 1on To- az.