The Providence news. (Providence [R.I.]) 1891-1906, 1895-03-27
FINANCIAL Ne VS..
ADirector Says No Coal Com
binatiOn is Imminent.
No Gold Shipmenls-St. Paul Gains.
General Notes.
special To The News.

NEW YoaK, March GA leading direc-
tor of the leading anthracite companies
says "There Is no likelihood that an
agreement OF all the companies on so inn
portant a matter can be arrived at in one
or two meetings. do not look for ii and
/ know others do not. The committee OF
companies is now busy preparing statis-
tics of the coal trade for the presidents. IL
is very certain that when the presidents
come together again on Thursday that
some new phase of the subject will pre-
sent itself and other action will be urged
which il not now contemplated"
A gentleman who knows well the po-
sition of the syndicate movement says:
"There will be no gold shipped at pres
ent, with exchange rates at the present
figures. No gold will be allowed to go
from here while gold Is also coming here"
Believers in a reaction did not change
their views much yesterday. There was a
dribble OF long stock all day, particularly
among the low priced stocks where profits
were considerable. Friends of st. Paul
say that, relatively st. Paul has
gained in earning power on North
west in recent years ana that in the next
period of prosperity st. Paul will sell
nearer than at present TO the prices of
Northwest.
Liverpool Cotton at p. M, was 3points
lower; spot sales. 10000. Later the
market recovered point.
New York cotton futures opened steady;
sales, 5000 bales. April 6.15, May $40,
June 6.17, July 6.19, August 62l, Septem-
ber 6.22, October 6.26, December $3.50.
Wheat.
A Chicago special to Miller q Vaughan
says "The curb feeling on Wheat is
firmer. The dry weather, Bradstreets
worlds decrease of 2,S00,000 bushels,
against 100000 year ago, exports clear
ances OF almost $50, 900 bushels for the day
and higher cables were all ignored yester-
day, owing to local influences.
Late dispatches from Che eboygan, Mich,
say the ice is breaking up in Mackinaw
Straits and the prospects are good for the
early opening OF lake navigation, when a
big reduction in local stock will take
place.
Railroad Earnings.
NJ. C.--3d Feb, s17O917; inc, s11, ,o47.
l.. & U.--3d Mar, 1858, 700; dec, s5795.
M. P.-3d Mar, s374, 200; dec, 1900.
{. a. O.-3d Mar, s174, $50; inc, s4005.
Providence Clearing House.
The clearings of the Providence banks
today amounted to s722,000
General Financial Notes.
The Nashua, n. H., Savings Bank, the
fifth largest in the State, closed its doors
yesterday.
London is x y all around.
1t is expected { $4,000 shares OF ID.
c. f. will be in the hands cf the Manhat-
tan Trust Company by Saturday.
The market would have sold off yester-
day, but strength in Reading prevented.
The Reading statement for February
shows a deficit after charges of the rail-
road company of S25s554. There is said
to be a small bull pool in the stock, but
all Reading juniors are thought to be
high.
Exchange is strong and it is thought no
gold will go out for some time.
The Galveston Independent says: "W.
j. Eastman, formerly superintendent of
the Galveston Cotton and Woolen Miils,
has resigned, and returned to Rhode
Island. In justice TO Mr.. Eastman, be it
said that he is not responsible for the mill
lockout. Mr.. Eastman is held in the
hig nest esteem by all mill hands, and his
departure is universally regretted here"
New York Stock Quotations.