The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-25
FINANCIAL NE WS.
There is One Streak OF Light
Amid Traders Gloom.
Railroad Earnings London Market
Weak-Cotton Futures-Notes.

NEW YORK, Feb. 25.-The features in
the market Saturday were the strength OF
ID. Z. f., the weakness Of Sugar and the
buying in Northwest. The strength OF
ID. Z. 4. was the result of the new trade
combination. Sugar was sold on reports
OF unfavorable news from Germany and
with respect to the dividend. The North
west buying was called covering. the
aggregate was rather a bearisn sentiment.
Amid the general gloom bearing upon
the Changers there is one streak OF light,
which Is the general assertion that the
weather has been good for winter wheat
and that the crop, barring accidents in
March, enters the spring with good pros
poets. Over considerable portions of the
Wheat belt snow has lain on the ground
all winter, practically.
Traders of bullish turn of mind are
rather encouraged by the showing OF st.
Paul for the third week of February. The
loss was, IL anything, somewhat lighter
than had been anticipated and, albeit the
falling OFF compared with 1898, was more
marked, the impression is still fixed
that the directors when they meet three
weeks from next Thursday will not hesl-
tate about declaring at least per cent.
dividend, and the effect will be, so 1t is
thought, good upon the European mar
kets. st. Paul will probably advance
nearer TO GO and its reaction from these
prices will be but fractional.
Since the close of the board Saturday
Sugar has been freely offered at 99h.
Those representative operators who have
been absent at Washington for some days
and have just returned, say that there is a
chance for the Senate to
take up the bill that will
abolish the one-tenth differential and
consequently Sugar is not likely to have
much of an advance between this and the
adjournment Monday next. but on the
contrary there is quite block OF stock
awaiting a market.
An attempt which in all probability will
prove abortive is to be made to put ID. &.
+. Down point or so. The rumor is al
ready spreading that since the in
vestigating committee has found that
the ID. c. L. Trust is in a perfectly solvent
condition, j. b. Greenhut, who never
loses a chance, will apply to the courts,
perhaps using a 10-share certificate
holder, for the discharge of the receivers.
If the courts conld not be imposed upon
TO this extent, the whlskey trust would be
in exactly the same position as 1t was be-
fore Greenhut played the ''double shu ffle."
In ether words, the king of bunco steerers
would be president again and then he
could do with the property pretty much as
1t did before it got into the courts.
London Market Weak.
LONDON, Feb. 25.-The passing OF the
Canadian Pacific dividend has weakened
the market for Americans. 1t has fallen
to Al, which equals 43 in New York. st.
Paul was also down, to So; New York
equivalent, 54A.
New Loan Premium.
NEW YORK, Feb. pa dispatch from
London says the new American loan was
quoted on the stock exchange today at 5
per cent premium.
Today's Stock Board.
WALL STREET, Feb. 25.--The stock
market opened weak and active. New
Sersey Central declined / * per cent; Su-
gar ~; Tobacco, l.. q NJ, and Della
ware q Hudson and General Electric,
"a st. Paul, Northwest, Manhattan, Dis
tilling and Missouri Pacific. q and Chi
cago Gas and Northern Pacific preferred.
"a.
Cotton.
NEW YORK, Feb. 25.-Cotton futures
opened steady; sales $500 bales: March,
SAT; April, 5.47; May, 5.52; juno, 5.55;
July. 5.57; Aug, 800; Sept, 5.66; Oct,
$40; Nov., 5.76; Dec, $40
Railroad Earnings.
st. Paul-3d Feb, dec, s23,s70.
n. V, p. & O.-Doc, gross, s4Sl ,656;
dec, s23,3S2.
c. & G. w.--2d Feb, S59,oi7; dec,
s7s4i.
Grand Trunk I'd Feb, s2es,57s; dec,
1925.
N. V, o. & Wa Feb, sSssis; dec,
1882.
Northwest--Jan., gross, sl,9si, $50; dec,
s23i,755.
Bridgeport Traction Sd, Feb, 1914;
inc, s2l7i.
Aggregate railroad earnings-56 roads:
&c Feb, SI,43i.0l1; dec, s42l, ,7S6; 70 roads:
1st Feb, 50, Sl3, ,463; dec, s330,3i6.
Bond Allotmcnts.
j. p. Morgan did not give out on Satur-
day the names OF the houses and banks
which are 10 receive allotments OF the
bonds. The following list contains the
majority OF tho New York syn-
dicate who turned in gold on the
Government loan account: J. p. Nor
gan & Co., August Belmont & Co., Harvey
Fisk q Sons, James Spoyer q Co., Laden
burg, Thalman & Co., Brown Bros,
Hedelbaeh, Ickelbeimcr & Co., j.
Kennedy Tod, j. IL W. Seligmon,
tho Chase National Bank, the Ma
tional Bank OF Commerce, tho Hanover
National Bank, tho National City Bank,
the first National Bank, the Naiioual
Pary Bank. he Msnhftian Trust Co., Az
buckle T. o.. coff,.. p. p.e.rrl'fs. sbd =. T..
GREGORY Of he Stabua, u o. Go.
a IL il unGCrsto God that under the terms of