The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-24
FINANCIAL NE VS..
Whlskey Not Fulfilling Prom
ises Held Out bySupporters.
81. Paul Earnings Discourasing But
Not So Very Bad.
Special TO The News.

Special TO The News.
NEW YORK, April M.-There is q great
deal OF comment heard anent the fact I hat
Whiskey is not fulfilling the promises
held out by its friends, and that the stock,
considering the wonderful recuperating
power OF the compa ny, has been a dis
appointment TO all, who have bought it,,
ana doubly so TO those who have paid
assessments, whereas they might have
taken their money and placed il to so
much better advantage in almost any OF her
direction. There are two or three facts
concerning whiskey that must be well
weighted before any rash conclusions are
arrived at. Three stockholders of record,
who went into the reorga n zation, have
already paid thrse assessments, amount
ing 10 IS, and I'm a few days they will pay
the fourth. Eventually they will reap the
| reward oil their patience. The whiskey
| company, as reorganiZers duly set forth,
needed something like Il, 500, 900, and this
IL was pfoposed to collect through
assessments. There would have been no
sense In manipulating the market price
of the stock SO as TO put d. G. +. at fig
ures that would have proved temptinp TO
the most sanguine bullish owners. be-
cause these would have sold out and the
reorganizers of ID. Z. f. would have been
minus market, minus the 81 500, 900 that
the assessments called for and would have
been left To carry speculative load of
STOCK The next assessment will put
s5'o,oOO more into the company's treas |
ury. After the last "lrish diyidendn |
mas been paid the market for ID. &. +. will |
probably become very active. and those |
VINO understand most about the value OF
the shares believe they are destined to rise
quickly and appreciably.
The earnings of st. Paul for the third
week OF April will probably prove little
disappointing TO those who are under the
impression that the business is picking
up considera bly,, in that the actual results
Tor the week in question were
put si4o, in the gross,
loss OF s59,l79. The St. Paul
average is somewhat better than 1t was
Tor the previous seven days, but withal it
cannot be considered exceptionally good.
Inc STOCK has had very sharp advance |
ana considering the dividend OF per
cent, just paid, the bulge OF per cent.
can be said TO have, at least, temporarily
discounted the future. especially as ali
agree that it is too soon vet to
even to predict what the crop is likely to
pan out.
The weekly weather report ought to be
pull argument on Cereals.
Cotton.
Liverpool Cotton steady; spot sales. r. {
'gO bales; futures up q points. {
New York cotton futures opened steady.
aies, 1900 bales: Jan, 7O7; Feb, 7.1O; {
harch, III; April $50; May, 6.9i; June }
.S6; July, $50; Aug, 601 Sept, 693;
'ct', 6.96; Nov. 6.99; Dec, 7O3. d
Today's Opening. D
WALL STREET, April 2L-The stock .
Market opened strong and active. h
.iton & Terre Heute advanced p
q per cent; Southern, a.. i
outhern preferred, Missouri Pacific
ong Island Traction and Denver & Rio | c:
rande, preferred, q; Denver & Rio =
rande, common, Leather perferred
eneral Electric, Northwest and Bay 10
'ate uas' N' Near 1918 the market 20
lowed recediug tendency; Micbigan !"
entral lost Is aud Sugar. Northwest Oh
eading and Missouri Pacific, u. 60
The reaction was not checked ,,tp M
80 and the more important "a
'ins were New Jersey CentraI Sc,
Z per cent. Manhattan, /; chi. llt
go Gas, E; Southern preferred
and Kansas & Texas preferred u
'ltimore * Ohio, Southwestern nre-
rred, Louisville d New Albany preferred
ere exceptions, and improved per cent.
ch.
General Financial Notes.
The papers report better outlook for Il
agreement on Coal. ~
London Is said to have teken On ooo q
ares yesterday, principally ST. Paul.
uthern Railway, Reading and Atchison :.
ues. d'
Joseph says: "a quick. short turn M
" be made by selling either North pC
st or Rock Island, hut don't
q, Il. q. nor stay short OF either of ca
, first mentioned. Bull Reading. There
'mises to be good buying OF s. a. W., M
gar& Gas" ~
is believed that some New York :"
asury stock is being sold. u
sold Reading yesterday.
New York took IL all. su
he new Atchison 4's, deliverable whom
ied, sold at 20 yesterday; the adjust TO
Mt bonds at "a. ,,
he annual report OF the Union Pacific or,
ws: Gross earnings, sl4, 73g 437; de- -
ise, s2,6S7, $50; operating expenses, SIG -
26l; decrease, 47l, ,017; net earnings. ,n'
n,176; decrease, 2, ,l63. .3iS; deficit. 81 lat
1Si against surplus Of, t2,3l2, POS In Al
Providence Clearing House.
he clearings Of the Providence banks