The Providence news. (Providence [R.I.]) 1891-1906, 1895-12-09
FINANCIAL NEWS
Rock Island Will Restore Its
Dividend.
Feeling Abroad Favorable to BulliSh
Speculation.
Special 70 Tho News.

NEW YORK, Dec. g. 1t is not unlikely
that X. Z. Flower Company viii he found
particularly active on the long side or
Rock Island. Already the point goes
forth 10 buy Rock Island and hold for at
least 10, and perhaps 10 per cent. profit
before the early rising. Ii Is certain that.
beginning early IN 1896 the directors VIII
restore Rock Island TO 4 per cent. basis.
While the bull on IT. Paul believes that
this is the best OF all the low priced
dividend paying Grangers, the people who
are behind Rock Island say that the con-
dition OF their property is second 10 none
in the country. Working expenses bave
been kept up at full ratio and the equip
ment and road bed were never in better
shape than they are al this time The
earnings from now on Will show larger
increases and with only normal winter
season the gain in traffic receipts VIII
probably be from Sl0 600 TO Sl5, 900 per
day over those for the corresponding peri
cd last year.
II is thought that Northwest Will re-
cover its dividend in double quick or
der. There is very little Of the stock float
ing in the street, and investors have been
steadily acquiring this speciality SO that
the number OF names upon the transfer
books of the Northwest company is larger
today than at any previous time in its
history. Northwest will improve its net
earnings for the fiscal year nearly 3,OOO,- :
000
The most conservative people think
that the market will show some improve
ment during the next few days, especially
as the indications now point to smaller
gold shipments and q probs bic culmina-
tion OF the movement in me course of
the-Hext- -few-weeks.- ks.-Besides,-the ad-
vices from Washington are more reassur-
ing and after all il begins to look as il
something will be done there this winter
that will put the all-momentous currency
question in a new aud more gratifying
light. Ii is conceded that il this action
be taken Europe will turn up again a
buyer, and aslarge one, of our securities.
The feeling abroad is unmistskably more
favora ole 10 bullish speculation than 1t
has been in long while and the leading
foreign bankers agree that the only thing
needed to make all Europe enthusiast
cally bullish on oT properties Will be
prompt action by Congress on the cur
rency.
The stock market can be best described
as professionally narrow and locally bull
llsh. The recent marked Improvement
both in Sugar and in Chicago Gas Will
have a tendency TO encourage operations
in other directions.
ToDAY's STOCK BOARD.
WALL STREET, Dec. 9.-The share spec
ulation opened moderately active and
generally lower. Tobacco was the fea-
ture of the initial trading, the stock open
ing with sales of 5000 shares at from 6 to
9, subsequently, the price reacted to 63,
rallied to 6i3. and later was G3li. Chicago
Gas and Leather preferred also displayed
exceptional weakness, yielding Iii per
cent. each. Sugar was in demand at the
opening and gained 2. per cent, but sub
sequently lost all the rise. Among the
railway shares, Reading displayed the
most weakness, selling to s per cent
Toa bcco preferred came into prominence
after 1915 O'Clock through a break CT S3l
per cent. to 90 Subsequently the price
recovered TO 90. The general market dis
played an upward tendency. Tobacco
common rall ed per cent. TO Go ard
Leather preferred 1ia, Chicago Gas Is;
Sugar is per cent, and the general mar
ket fraction. Reading declined 20 Slo,
a net break OF / 3-S per cent. and later
reacted to 3S.
GENERAL FINANCIAL NOTES.
The action OF the Tobacco directors is
still the subject OF discussion and criti-
cism, and vii! hurt the Industrials. ac-
cording to Edward Sweet & COMPANY.
Joseph says: "Tobacco Will sell eX-
confidence for some Time TO come. II is
reported that large block o, this stock
VIII be thrown out of loans today Cow
ering OF shorts may cause a temporary
furry, but beyond this nothing is ex-
pected.
buy Chicago Gas; you VIII probably
get 72 for ii this week. Average G.. g. &
q. and st. Paul on any further decline.
Buy Sugar moderately on a limited down
wsrd scale. The directors Of New York
Central will meet next week and declare
the regular dividend"
London Consols are unchanged; Ameri-
cans off; 81. Paul is.
{. &. {. & ST. Louis earnings for the
fourth week of November decreased GIG, =
900; Atchlson decreases s67, 600; Atchi-
son for the month decreased s120, 600.
Treasury officials look for surplus of
from y, 600, 00) to s3, 900 600 for the month h
of December.