The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-11
FINANCIAL Ne WS.
Chicago City Council! Gives
Gas a Great Boom.
Effort TO Create a Rupture Between
Electric Companies.
Special TO The News.


dent OF one of the most important trunk
lines, who is likewise member OF the
executive committee OF that association.
said last night: "I have been on general
committees for 10 years, but never recall
In all this period a time when
more harmonious spirit prevailed
than that which now exists.
II looks as IL every railroad manager in
the country is bent on doing the right
thing. 1t is certain they realize the abso-
Lutte necessity OF pulling together and
there is no doubt but the common
veal will be best served by this union Of
strength.
1t is stated that there is no change in
the status OF the electrical negot lat ions,
which are as recently stated. Efforts
were made yesterday to create the i'm
preston that a new development had oc-
Cured in the shape OF an advertisement
by the Westinghouse Company in the
electrical trade papers regarding suits
against the General Electric inronnection
with the use of the Tesla multiphacc,
or polyphase motors. This advertisement
has no significance at this time other than
that it would have at any other time,
viz, warning to all concerned that the
patents in question were owned by the
Westinghouse Company and that it would
protect it's rights to them.
There was quite disposition yesterday
to be hopeful in regard to the market
today. although IL was pointed out that
the market is drifting into a position
where it is neither strong nor weak more
than day or two in succession.
The Government crop did not make a
very good showing for the month. The
everybody knows just how much i'm
portance to attach to this alleged official
document. The condition of Wheat is
better today by 8 or 3 per cent. than it
was one week ago.
The sbsurdity of selling the Changers
short because of the exhibit made by the
Government statistics" must be apparent
to all who will give the subject serious
consideration.
Jersey Central will likely temporarily
seek a lower level. The reported mitch in
the negotiations looking to the harmon
izing of the anthracite differences will
encourage some short selling.
The Reading has made a "kick." The
receivers insist on 21 per cent, and, as
stated three weeks ago when the sugges-
tion to form an anthracite combination
was first noted, that the Reading would
receive the allotment that 1t now demands
as its right.
Sugar has had quite a substantial ad-
vance. In view of the fact that there
will be no markets abroad for four days
and that the chapter of accidents as usual
may favor the bears, profit taking is not
unlikely.
All exchanges close tomorrow, "Good
Friday"
A Chicago special says: The City Coun-
ell last night repealed ordinances as to
Ogden Gas and Cosmopolitan Electric and
Mayor Swift revoked permits. 1t ia not
believed the repeating OF the ordinance is
legal.
London q better. The Easter holidays
there begin at close tonig ht and Exchange
does not open until Tuesday morning.
General McNulta made q very favorable
agreement yesterday with the Cincinnati
distributors and they are now working in
full accord with the ID. G. f. Company.
Joseph says: "The unsettled condition
OF the coal trade and the bare possibility
that the hitch in harmoniging negotia-
tions msy lead to wide rupture which
will help the aggressive campaign against
Jersey Central Don't keep short too long.
Take quick profits. Buy Western Union
around 81"
The receipts at Chicago stock yards last
week were 200, 12l head, against 237 ,497
the week before and 260,070 last year.
At the annual meeting OF the Contra
Pacific road yesterday the old board of
directors was re- elected.
The Metropolitan Street Railway Com
pany OF New York earned for the quarter
ending December 81 Gross, S1,4l9,557;
net, S60S, ,0i9; other income, s52,0O6; sur
plus, s156,975; cash on hand, S,49S; pro-
fit and loss surplus, s7O2, ,727.
The Readings coal tonnage last week
was 200,920, an increase Of 1868 tons over
year ago, making 1876, 131 since Jan. 1, an
increase of 569,47s.
Today's Stock Board.
WALL STREET, April 1.-THE stock
market opened moderately strong and
irregular. Chicago Gas was strong
feature Of the trading and advanced IA
Leather preferred gained % and some
few other shares ruled n shade
higher. Delaware a Hudson reacted
III New Jersey Central, 81 General Elec-
trio, ss, and Sugar, x. Later there were
indications of a general rally, due to the
buyers OF Chicago Gas. Delaware a Hud-
son improved 3 General Electric, q, and
Sugar and Manhattan, ~.
There was no check to the upward
trend OF values after 1915. New Jersey
Central, Tennessee Coal and Northwest
gained y per cent. Leather advanced y
per cent, and Leather preferred made
further appreciation OF x to 73h. The
quotations for the Leather shares
are the highest recorded thus
far this year. Michigan Central
fell of per cent, to g7lh. Chicago Gas
made q further gain OF y. The strength
OF this stock is due TO the action last
niQ ht hu tho Chica On Cnuncll and Aaxor