The Providence news. (Providence [R.I.]) 1891-1906, 1895-04-10
FINANCIAL NEWS.
Today's Market Queer, But
Better Times Coming.
Baltimore & Ohio, st. Paul and Gen.
eraI Electric Discussed.
Special 70 the News.

NEW YORK, April 10.-Commission peo-
pie are taking more hopeful view OF the
situation and they look for decidedly in
creased activity in the bond market. They
say that investors are beginning to loom
up and there are more confident inquiries
than have been made before in many
long months. They harp upon
the well worn and almost
threadbare argument that neither
the bear raids nor the circulation OF most
distressing runors, even though these be
founded upon circumstsntial evidence,
force out long stocks and the floating
supply OF gilt-edged shares and the most
discredited chrome alike is lighter than
at any time in 10 years.
Baltimore a Ohio Is not likely to have
much of boom. The bear point on this
stock Is that the dividend, amounting TO
$500, 900, like the previous one, will be paid
at the cost OF increasing the floating in
debtedness, reason which conservative
people think sufficient for dissuading
speculative operations on the long side OF
the stock.
The earnings for St. Paul for the first
week of April are less fiattering than had
been looked for, and the loss OF s70,077 is
greater by about $4,000 than the esti-
mate put upon by insiders. Nevertheless,
the returns for the six working days in
question, aggregating s4s9,s72, or about
IS, 900 per day for each working day and
this, all things considered, cannot be re-
garded as very bad exhibit. 1t is not
unlikely that st. Paul will yield few
fractions, but no heavy decline is looked
for in this speciality.
The comparative strength of General
Electric yesterday was not due to cover
ing OF short contracts, as much as 10 the
buying by n new interest. Old time
friends of General Electric believe that
the statements that come from Boston
that the company has positively no float
ing indebtedness, may be accepted as ac-
curate.
The inherent strength of the Wander
bilts encourages the belief that these will
be very soon taken il hand again. Lake
Shore occupies most enviaole position
and could readily be put TO 10 per cent.
above its present price. The meeting of the
directors will take place in about 90 days
and the statement that will be submitted
will show that the company did compara-
lively better for the first half of the pres
ent year than it did for like six months
in 1891.
General Financial Notes.
Irregular speculation is predicted with
bear talk on high priced coalers.
London Is said 20 be weak, although
prices show small changes, except for
Northern Pacific preferred and Erie,
which are lower.
Joseph says: "St Paul will decline
some You would better watch Lake Shore
and buy little stock on any activity.
Sugar will work much higher presently.
Mr.. Keeno is bullish on General Electric"
The deliveries yesterday OF Delaware
& Hudson in Cannon's name produced
somewhat bearish feeling on Coalers.
Reading people say that they will in
sist IN 21 per cent. or nothing.
The report from Chicago OF the proba-
bic decrease of $500, 900 in the March earn
ings OF &. Il. & Q. is denounced as base
fabrication by local sdvces.
Those VINO are in sympathy with Bell
d. telephone are disposed 10 regard lightly
the Standard claims and some say
there is nothing in II. There Is evidence
that the Standard people are csnvassing
the field pretty thoroughly, however, and
the Bell people are everywhere cutting
rates TO freeze out antagonistic local COM
panies.
Cotton.
Liverpool Cotton futures at 2h points
advance; spot sales, 10000.
Providence Clearing House.
The clearings of the Providence banks
Today amounted to $500, 900.
New York Stock Quotations.