The Providence news. (Providence [R.I.]) 1891-1906, 1895-03-04
FINANCIAL NEWS
Everybody Seems to Be Glad
Congress is Dying.
st. Paul Better-Rock Island Improv.
1g-GeneraI Notes.
sp~. 1 TO The News.

Sp~> 10 The News
NEW YORK, March 4.-Charity suggests
that one should 'speak nothing but good
OF the dead" but it would require q
Munchausen like imagination to recall
anything this dying Congress has done
to plead for commendation. As IL
a load like the weight that rested
on the back of Atlas were removed,
so will this nation feel in the course of a
few hours. A reaction is sure to set in
and jubilant spirits will take the place of
forlorn hopes, and the result, Ii would
seem, must be inevitable, and tempo
rarily better feeling will pre-
vail. The extent of the jubilation
will depend entirely on the attitude OF
Europe, so far as Wall street and the
speculative markets are concerned. The
ringing down Of the curtain at Washing
ton may not necessarily mean that it will
rise Immediately upon a complete trans
formation scene. 1t would be absurd
TO expect any such metamorphosis.
All that can be hoped for is that moder-
ate improvement will come and that with
an incentive in the shape of the adjourn
ment of this Congress TO do better things
the gradual change from depression to
comparative good times will be persistent
and appreciable.
Reading may sell off because of the FORE
closure proceedings that have begun in
Philadelphia. II the decision in the
General Electric suit be handed down by
the Supreme Court against the company,
General Electric will probably sell lower,
as ss,0O0,C00. worth of patents are
involved. The feeling on West
ern Union is not bullish. Another
ha do 70 nd
Sugar. The pool in ID. G. r.. is confident
Of its ability to put that stock higher.
The earnings of st. Paul for the fourth
week Of February made an excellent
showing. In fact, the report was sl15,000
better than had been looked for. The
story current in the street saturday was
that the returns for the fourth week
would show a loss Of 100000 instead of
which the company turns up with gross
gain of s15,60S.
Louisville & Nashville is likewise good
for turn. 1t is certain that the insiders,
i.e., the Belmont Exchange place party,
will give some support to the stock.
1.-THE winter of our discomfort il TO be
made GLORIOUS summer" by encouraging
reports that will come from the crop
growing districts. There is every reason
to believe and hope that the seven years
OF famine that we have experienced since
1888, will be followed by a period of feast.
1t cannot be gainsaid that most stocks are
safe and low.
Rock Island is perhaps in better posi-
tion to advance than most of the Western
stocks. There is one fact to be considered
in connections with Rock Island that
does not apply to the other Grangers. In
due course the Northwest &. Il.
& G., st. Paul, Missouri Pacific
and numerous other corporations
will come in to the street as borrowers of
money. The Rock Island, because OF the
sale of the Minneapolis Il st. Louis, has,
computing the interest that goes with the
money, nearly $4,000, 900 in hand.
CHICAGO, March 4.-Wheat opens more
active on higher Berlin and Liverpool
cables and colder weather. The price Is
u cent higher ana some Eastern buying.
The explanation of strength in Paris
wheat is said to be on speculative buying
started by the statement OF stocks on
hand at seaports, 4,60o, 900 bus hels, against
19,5o000o year ago the first of February.
CHICAGO, March 4.-Wheat continues
strong, although the volume OF trade Is
entirely to buy. st. Louis selling aud
New York buying here.
Cotton.
NEW YORK, March 4.-Co tton futures
opened strong; sales, 29o0 bales. March,
$40; April, 5s5; May, Sod; June, 557; July,
sol; August, 56i; Sept, 5s4; Oct, 573; Nov.
597; Dec, 5S3.
Railroad Earnings.
X. Feb. gross, dec, SPA, i,26i.
b., G. II. & Nd Feb. s66,090; inc,
$3.50.
X. c., TT. S. & Md Feb, s7s, ,4O4; dec,
5000
C. & G. w.-3d Feb, 1865, 400; dec, s5O01.
X. C., M. B.-3d Feb, S15,950; dec,
$1,000.
f. 4 p. Md Feb, :i4,624; dec, s392s.
Grand Trunk-3d Feb, sos ,293; inc,
;Ss73.
T., p. & w.-sd Feb.. s2I ,076; inc., s16si.
T., A. n. a. n. Md Feb, s1s,s45; inc,
$50.
G. R.-3d Feb, sls, ,s2e; dec, 81, ,O92.
N. Y. o. & W.-Jsn. gross, s276, TBS; inc,
s19,G26; net inc, 1884.
B. II. & P.--Jan. gross, s23s, ,20S; inc,
80, 9,40i; net dec, $500.
&. u. d N.-Jan. 81 oss, si2o, o,3o5; dec,
1854; net dec, $4,000.
Aggregate railroad earnings: GO roads,
I'd Feb, s5,75i,s SO; inc. si9,5l5; AZ roads,
I'd week Feb, s5,577, ,if6; dec, si72 2,6i5; 25l
roads, Jan. TO Dee. 81: gross, 81 ,0S5, ,3l6,-
g29; dec, si33, 735,oO2.
Today's stock Board.
WALL STREET, March 4.-The stock
market opened strong and active. There
is brisk inquiry for Sugar, and
on purchases OF 1O,OOJ shares
this stock advanced az tar cant