The Providence news. (Providence [R.I.]) 1891-1906, 1895-03-19
NEWS
Material Reaction From Re-
cent Strength.
Bearish on General EIectrics-Coal-
ers' Combination-GeneraI Gossip.

NEW YORK, March l9.--Jersey Central
was advanced on the short interest. The
bidding up was credited to j. w. Davis d
Company, and the rumor of an agreement
among the anthracite companies, based
on the call for a meeting OF the presidents
Thursday, quickened buying. 1t was pre-
sumed in the crowd that the shorts OBJ
tanned inside stock, and traders believed
Jersey Central would have a fair reaction,
but the selling was rather cautious.
The feeling is still bearish on General
Electric. 1t must be remembered that the
General Electric Company has neither the
business nor the capital of Sugar, Chicago
Gas nor Of American Tobacco. IL will be
many months before General Electric
gets on paying basis.
good many shrewd traders seem to re-
gard the weakness in Sugar, which
characterized the closing prices yesterday,
as drive made against that specially in
particular and the market IN general.
If.the coal com bination should be rup-
tured at Thursdays meeting a fresh
cause for apprehension would be- upon
the market, according to q Wall street
Authority"
A reaction from the recent strength is
natural, but there is a marked change in
sentiment 1t is now safe to buy good
stocks on breaks and there is better in
quiry from outsiders.
Bonds are in good demand and the new
As are gradually being cleaned up. Ster-
ling is somewhat weaker.
Today's stock Board.
WALL STREET, 10:15 a. m.-The stock
market opened strong and firm. New
q
and General Electric, Northwest, New
Sugar opened u higher, receded p, and
then sold up y TO 9S1s.
Ten thousand dollars of silver cer-
tificates sold at GA.
ii a. m.-There has been no abatement
to the improving tendency of specula-
ton. General Electric sold up 1 per cent,
Chicago Gas. "a Cordage preferred and
Wheeling & Lake Erie, *; and Southern
Pacific, st. Paul, Burlington, Cotton OIL
preferred, c., C., &. q st. L., aud Suseque-
hanna q Western preferred, 1.
2 p. m.-The market has been strong in
tone and active during the past hour.
The advances are Delaware and Hudson,
Ia New Jersey Central, " Reading, IA
Delaware & Lackawanna, i; Northwest,
/ Is; Rock Island, 1 Burlington, "a; st.
Paul, 1-2; Tobacco, 3-4; Louisville &
Nashville, Cotton Oil and Laclede Gas,
Is; n. Y. c., Erie preferred, Toled o,
Ann Arbor. Lake Erie q Western preferred
and New York, Chicago & st. Louis
second preferred, per cent. The rest of
the list advanced X to Is per cent, with
but few exceptions.
Sales to noon 1900. including 106,
800 listed and 81, 400 unlisted.
2:30 p. m. - The traders were
disposed to reap some profits ac-
cruing from the early sharp advance and
as q result of this selling Sugar broke
] 3-S per cent, Chicago Gas, 1 Is;
New Jersey Central, "a; Tobacco, /;
Wheeling q Lake Erie, Rock Island
Manhattan and Reading, u. Some ex-
ceptions were quick. Silver preferred
and Iowa Central gained / per cent,
Illinois Central and Baltimore Il Ohio, q,
and St. Paul preferred, y. The tendency
OF prices continues downward.
Railroad Earnings.
Can. Pac.-2d Mar, dec, s4s, 200.
X. c., Nj. q B.--lst Mar, s17,672; dec,
1891.
st. P.-2d Mar, s511.147; dec, s44, 400.
Iowa CD Mar, s3l2, 2,76; dec, ss770.
LIE. & W.--2d Mar, S66, ,547; inc. S6s6S.
II. g. W.-2d Mar, s33, 100; inc, $1,000.
B. & o. 8. W.-2d Mar, S130, ,220; inc,
sl1,3l6.
/. q q. Nd Mar, s72, ,653; inc, SIS, CPS.
w. & l.. Ed Mar, s26,517; inc,
si647.
Wabash. I'd Mar, s23O,l9iy inc,
sl1,S3S.
Cotton.
Liverpool Cotton futures opened u
point under last night, but since ad-
vsnced to 2 points over yesterdays close.
Spot sales IL, 900.
New York Cotton futures opened steady;
sales, 10000. March, 6.02; April, 607; May,
GIL; June, 6.12; July, 6.16; Aug, GIT;
Sept, 6.i9; Oct, 6.22; Nov, 6.25; Dec,
6.2S.
Eclipse Company TO Rebuild.
The Eclipse Manufacturing Company
OF Valley Falls will replace its burned
plant with a 126x50 foot, three STORY frame
factory and a 3ix24 foot boiler house.
General Financial News.
London shows advances of " for st.
Paul, x for l.. q W., and q for others.
IL Is said the C., c., C., a. st. Louis road
Is about to purchase $500 equipment.
The Bell Telephone board OF directors
will be increased from II to - mem bers
at the meeting March rs.
Woonsocket has borrowed $4,000 OF II.
$. Meseley a Company OF. Boston, at Q