The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-16
FINANCIAL NEWS
London All Ready But Wait
ing for New York.
A Little BuIlsh-Whisksy to Boom.
General Notes.
Special to The News.

NEW YORK, Feb. 1B.--Although the
market has been a very good one for trad
ing purposes, some of the best scalers on
the floor OF the exchange admit that it has
been a very difficult task TO chase the
eighths and quarters successfully and
they attribute their lack of success
simply to the fact that there is no we'll
defined movement to the speculation,
which is entirely governed by the pro-
fessional spectators. An active dealer
who was, short time ago, an aggressive
bear has now become as pronouncedly
bulllsh, and loses no opportunity TO bid
up prices.
The feeling among foreign houses is
not as bearish as it is among the talent of
Wall and New streets. Some of the
leading brokers believe that Europe Will
recognize the fact that with the adjourn
ment OF Congress in less than two weeks
the foundation will be laid for substantial
and general Improvement.
All advices from the other side agree
that London is quite ready TO lend a hand
but waits for New York TO take the initia-
tive.
1t is fully believed that while the trend
OF prices may be lower for many of the
Western stocks, on which the bullish feel
ing does not seem to grow, there will
be some handsome turns made in other
directions which will have a tendency to
steady the market and prevent it from
coilapsing, as so many bearish traders
seem to think imminent.
The gossip on ID. c. F. is hourly becom-
ing more bullish, and it is confidently be-
lieved that this stock will be taken in
hand and advanced smartly. The fact OF
the matter is Greenhut is trying
to get back some of the
many thousand shares of shorts that
he has contracted to deliver, selling much
of the stock at about these prices and
some many fractions below. A tab has
been kept on these short sales and all re-
reports to the contrary notwithstanding,
no effort has been made to cover.
Railroad Earnings.
Atchison system = 1st Feb, s65s,335;
dec, So, ,666.
c., e., c. d st. List Feb, s225,51s;
inc, s17,27O.
F. q p. Mist Feb, s3s,324; dec,
s92O2.
D., l.. & W.-1st Feb, 81, 7,096; dec, s9el.
c. Il w. Mist Feb, s25,l92; dec,
s21s2.
Today's Stock Board.
The stock market opened strong and
active. Sugar advanced q per cent; Chi
cago Gas, T, and Burlington, New Jersey
Central and Northwest, 1-2. Near 10:15 a
drive against Lead forced the stock down
1A to 16h. The heaviness of this stock is
having a depressing influence on the
rest Of the list and is due to
the publication this morning of the
annual report of the company, which
shows deficit for the year of s27s, 1874.
Chicago Gas has receded q; Sugar, u and
Northwest and New Jersey Central x.
There were further advances of small
fractions after IL, and the upward move-
ment continued in force until IL 80 O'Clock
when declines were made OF Ha% the latter
in lead preferred. In the later dealings
there was good buying chiefly to close
out short contracts, sugar selling up
Is, the Changers q a *, Laclede Gas
IA, Denver d Rio Grande, preferred
7-S and the general list small fraction.
including Northwest, New Jersey Central.
Lead and Southern Pacific, SIS. The
market closed firm. Sales of the day.
70, 400 shares, including 1880 listed and
81, 600 unlisted.
Providence Clearing House.
The clearings of the Providence banks
today amounted to s70s, 400; for the week,
g, zoe, 300.
Cotton.
Liverpool cotton, sales 5000 bales !;
futures quiet at unchanged figures.
New York cotton futures opened quiet
and firm; sales 1900 bales. Feb, $40:
March, 5.is; April, 5.51 May, 5.5s; June,
5.61 July, 5.6i; Aug, 5.6s; Sept, 5.72 Oct,
57s.
Cotton futures closed steady; sales
30, 100. Feb, 5.44; March, 5.4s; April.
5.52; May, 5.57; June, 5.6l; July 5:6i; Aug.
5es; Sept, 5.73; Oct, SIS; Nov, 5.s4;
Dec, $50.
Spot cotton closed dull; middling up-
lands, 5% middling full, 5%; sales, 127
bales.
A Liverpool cable says: "w heat steady.
demand poor, holders offer moderate.
Corn firm, demand moderate. Hogs,
22,O00.
NEW YORK, feb. 16.-Wheat receipts
1900 bushels; sales 1,l35,00O bushels.
Options No. red. Market opened steady
on large weekly exports but declined
sharply under liquidation. March 56I5 TO
56A May 57A to5sK; July 5sh to 5sA.
General Financial Notes.
Some representative houses that ut
times execute orders directly for the
Grand Central depot people, advise their
friends to buy Northwest for a turn OF
couple per cent.
1t is not unlikely that Lead common will
be "put through its facings," especially as
the directors think IL safe and wise policy
not to temporarily continue the dividends
at the rate OF per cent. per annum.
Advices from Washington agree that