The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-20
FINANCIAL NE WS.
Atchison Securities Likely to
Come to the Front.
Tennessee Coal and Iron Being Manip-
uIated Once More,
Special TO The News.

NEW YORK, April 20.-The impression
is very general that the market will d
very much better next week and tha
still higher prices will be recorded
Atchison securities are likely to come
again TO the front. Those people who sold
out their incomes because OF the pro-
spective assessment, and who let go OF
their shares, fearing to pay slo re-organi-
zation fees, will undoubtedly regret their
action in due course.
The capitalistic party that has been
buying Tennessee Coal & Iron so persist
emily is basing its operations upon the
absolute knowledge that the condition OF
iron is changing very much for the better.
q. b. & O., acts very we'll and the short
interest is larger than in any other di-
rection. The directors see their way
clear to continue the payments of divid-
ends upon per cent. basis and there Is
no doubt but that Q. b. a. O., will pay
better to bull than any of the other
Changers.
Western Union will likely sell at 80 be-
fore 1t recedes per cent. from these
prices. After all 1t has been one OF the
most consistent dividend paying proper
ties ever listed on the New York Stock
Exchange.
The strength Of the bond market is the
most healthy sign that times are chang
ing for the better and the short interest
is still wide in good many directions.
Talk is bullish on Rock Island on the
fact that the operating expenses have
been fully maintained, showing the physi-
cal condition is being kept up.
1t is said the Northwest earnings for
March show heavy decrease.
Weekly Bank Statement.
The bank statement today is as follows:
Reserves, increase S4,742, 200; loans, de-
crease 1901, ZOO; specie, increase s1,-
250,S00; legal tenders, increase
S5,0S0, 100; deposits, increase s6,-
354,SO0; circulation increase, s75, 700;
surplus reserve, $1,000, ,e75; do. CORES
ponding week last year, So, ,OOs, OPS.
The Baldwins' Failure.
Special to the News.
Boston, April 20.-The assignment of
Baldwin Bros. & Co.. late yesterday, to
Hon. ] Joseph w. .Corcoran, caused consider
rable CONSERVATION among their clientele.
This morning the head offices OF the firm
were besieged by parties anxious to as
certain the true status of affairs.
In conversation with your reporter
A. w. Hodgson, the superintendent of the
concern, said today that the amount of
the assets and liabilities could not be as
certained at present.
The firm is one of the largest in this
section having between so and 70 branches
in all sections OF New England and New
York.
Cotton.
Liverpool opened points up and has
since lost to 1h points. The market
was quiet and steady; spot sales, 1900
bales. The close was AZ points over
yesterdays close. Spot raised to 33s.
New York cotton futures opened steady
at the advance; sales 21,7OO bales: JAM,
7.O5; Feb, 7.10; March, 7:15; April, 6.s5;
May, $50; June, 6.S4; July, 6.s7; Aug,
6.93r Sept, 692; Oct, 6.9i; Nov. 6.97;
Dec, 200.
Today's Stock Board.
The market opened moderately active
and easier. The trading was less active
after 1918 and the downward trend
of values continued for a time. The
more marked declines were Cotton
Oil, Bay State Gas and Tennessee Coal
and Iron, Y per cent. Some OF the mac
tive shares made material gains, notably
Baltimore & Ohio, Southwestern prefer
red and Norfolk q Southern pre-
ferred per cent. Near 10 AS the reaction
airy movement was checked and Tennessee
Coal gained q, Sugar, Kansas & Texas
preferred and Cotton Oi; preferred u, and
the market generally smaller fraction.
General Financial Notes.
The market appeared to be hesitating
and this morning London was q shade
lower for principal arbitrage shares
Some reaction is not unlikely, but the
street still favors purchases on decline.
The Financial Chronicle predicted ca
500, 900 gains to banks today.
1t is said that the We'll party sold out
their long Sugar.
President Greenhut's report has been
mailed to the stockholders. IL shows
s912, ,s35 surplus over Liabilities at tho end
OF January. The loss OF slS4,6iO was
made during December and January,
1896
Two attachments have been filed against
the John Good Cordage Company.
The failure OF III. Il. Borner OF London,
liabilities s350,0oo, Is announced this
morning.
Joseph saws: "Mr John a. Moore said
to me, Il have bought T. &. & l., and i'm
tend TO hold 1t for co. The market will