The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-11

Cotton.
London spot sales, Il, 900 futures opened
1h points advance and gained "a point
more.
New York cotton futures opened barely
steady; sales II, 600 bales. January, 6.63;
April, 6.39; May, 6.i3; June, $40; July,
6.42; August, 6.45; September, 6.47; Oc-
tober, 6.51; November, 6.53; December,
6.5S.
Cotton spots closed firm; middling up
lands, o 9-16d; middlipg gulf, 1916;
sales 1916 bales,
C. FrapkIin Nugent & Co., received the
following advice from New York over
their private wire today: "Cotton still
holds its advance. Although some traders
who have nice profit on the long side
have sold some Cotton today, 1t did not
materially affect values. Such sellers un-
doubtedly felt they would be able to get
in again at a lower figure after the Easter
holidays, but unless we are much
mistaken they will either have a
longer wait, or conclude to pay higher
prices even than those they disposed their
holdings at. The spot market shows in
creased activity at a very slight advance
in price. Cash Cotton, will, however, In
our opinion bring better returns in the
very near future. and futures will be gov
erned accordingly"
Railroad Furnings.
N. e. Street Mar, s15,77l; inc. $500.
q. &. a. S.-4th Mar, s14, ,907; inc. s156.
st. Paul-1st Apr, $499, 9,472; dec, s7o,-
or.
r.. G. w.-4th Mar, 10000; inc, slo,-
800.
w. & L. Est Apr, s1s, ,797; dec, s7733.
i. C.-1st Apr, S27, ,565; dec, t2353.
Il. P.--1st Apr, s109 904; inc, S5827.
b. 81 O.S. W.-1st Apr, s124,973 inc,
s45e4.
l. q G. MIST Apr, s7o,O3s; inc. sl5,-
S5l.
Wabash-1st Apr, S213,SS0; inc., 1881.
ID. d r. G.-1st Apr, s109.3O0; inc,
s4SOO.
Can. Pac.-1st April, dec, s35, 900.
o. d W.-lst April, inc, S624l.
The Wool Market.
The demand during the past week has
run TO foreign woods, including Austria
liaD, Montevideo, South American, Cape.
and Canada stock. The transactions IN
foreign woods, indeed, have practically
equaled those In domestic woods. The
latter have as yet failed to respond to
the moderate advance established abroad.
There is no indication of the slightest
appreciation in values, and as yet no
holder Of domestic stock would think
Of attempting to raise his asking price.
He is content for the time being to let
his stock 60 at current values. Some
wool that has been consigned here is
held above the market, and has been for
several months, including good-sized lot
.f k.xS ell n Hf,.ax
there is q disposition to sell and "clear
the decks" before the movement Of the
new wool sets in in this direction. Man
ufscturers know this, of course, and
they are attempting to wiring prices
down still lower. But, so far as can be
determined, there is no further depre-
citation in values, to be noted. Indeed,
the tone of the market is very steady.
OF course there would be more doing in
domestic woods il there were fuller
stocks to select from. Stocks are SO
broken on some linss that q man might
walk up and down the street without
finding what he wants. Some members
OF the trade have been scrambling for
some OF the new woods in the territories
fat sheep wool, and few transactions
are reported at prices which are certainly
above the level of this market. This is
always the case, however, for that matter.
Certain it is, however, that what has
been done SO far has been at
full values. Some new Michigan
wool has arrived, the first lot OF the sea-
son, which, by the way, came in very
good condition, showing that great pains
had been taken in putting it up for the
market. The first new lot of Montana
WOOL has also arrived, which is unusally
early. This lot is in fairly good condi-
tion, but could be improved upon.
The sales of the week amount to l.
100000 lbs. domestic and 1,690,0O0 lbs.
foreign, making a total of $685. 900
against a total of 4,1S3, 500 for the previ-
Gus week, and total OF 2,51S, 900 lbs.
for the corresponding week last year.
The sales since Jan. 1, 1895, amount to
42,219,050 lbs. against a total of 81 ,051,-
400 lbs. year ago.
Sales in New York amount to 1,360, 900
lbs.
Sales in Philadelphia amount TO 1,277,-
200 lbs.
Wheat Letter.
f.. b. Cuthbert q Company telegraph to
Weeden, Kendall & Company the follow
ing
"Wheat shows a stronger undertone.
For the past three weeks the pro-
fessiona operators have been
hammering the market around
55 cents for the May option in Chicago,
and talking OF good rains, weak foreign
markets, dull business, bu. without max
ing any impression on values. The
great resistance which the market has
shown plainly indicates its heavily
over-sold condition and anything
OF bullish nature appearing on the
surface would in our opinion
cause an entire change of sentiment and
precipitate a sharp advance in prices. The