The Providence news. (Providence [R.I.]) 1891-1906, 1895-08-23
FINANCIAL NE VS..
Northern Pacific StocksLikeIy
to Decline Little.
New Officers OF the American Spirit
Manufacturing Company.

NEw YoRK, Aug. 22. Commission
| people continue 10 talk I'm very hopeful
strain, and believe that the market, not.
withstanding occasional reactions, will
broaden and become particularly active,
and that appreciaplo advances VIII be
scored In most of the dividend paying
stocks The feeling Is still bullish. not
only ON {. II. 4 O., H. L., aud ST. Paul.
but likewise upon the iow-prioed Gran
gers.
II is claimed that outstanding It's
unfortunate financial condition and the
| enormous amount OF money that viii
have 90 be spent upon the Northern Pa
eiiie properties before they can be put In
anything like money earning capacity,
the stocks are not likely TO decline much,
II az all, from these figures. The North.
ern Pacific Is vast system and under
honest, conservative management could
be made paying property.
There has been, and still Is, excellent
buying OF Louisville x Nashville. No
reasons exist why the stock should not
sell much higher especially as the ply
sleal and financial conditions OF the prop
erty are IN tine shape, aud the earnings
after this month viii probably show i'm
ereases IN the net each month, while the
gross viii be most satisfactory, IL Is too
early 10 predict, OF course, what the di-
rectors viii DO ON the dividend question,
out from assurances that have heen sent
60 London " looks very much as n, all
conditions being equal, l. 4 y, will be-
come dividend payer again early IN the
new Year,
The low priced vsndSrbt1r shares are
also hnding many trieads,
Anyone who looks al the tape must re-
eognize that investments are being ludi-
clouSly made and that the indications
certainly favor the belief that better con-
ditions will naturally result. Railroad
earnings are looking Gp, aud sufficient
a. Nfsss han kss.n tpfp In, A.
most every direction to. o.encourage holders
OF stocks.
The London market is the same as our
close.
The American spirits Manufacturing
Company, successor Of the y, G. f., was
Incorporated yesterday under the laws
Of New York. The order confirming the
sale OF the property WAS rled yesterday
by Judge SeamanS The Green nhut-Alor-
ris faction opposed the granting OF the
order and were given until Tuesday next
TO tile their objections, The court, how.
ever, intimated that uoless the objections
were more substantial than those already
presented they would be overruled The
officers OF the American Spirit Manutae-
turing COMPANY ares ). NJ Rice. preSi.
dent, Il. Il Hartshorne, yiee-preslden,
aud chairman OF the board; jules ;.
counsel
There is no reduction In refined sugar
today, as many ANTICIPATED yesterday.
Joseph says; "AIr. Fred Flower OF X.
Z, Flower < Company (snd this nfm has
been conspicuous buyer % Sugar lately,
says that Sugar viii recover all OF It's
recent losses, The stock Il purchase,
on every reaction, TO hold for big money.
The directors Will meet in two weeks to
declare the dividend,
GOLD SHIPMENT
NEW YORK. Aug, % Hosk ies, Wood &
Co, will ship s60O, OOO IN gold TO Europe 20
morrow. Nesslage 4 Fuller will export
500, 600 aud hsndy & Harmon will Snip
sl50, 000 1t is believed that llara & Rand
Will forward $50, oc0 ana that Hoskier
Woods & Co, may increase their ship
meat.
FopAY's srocK BOARD.
WALL STREET. Aug. 2S The stock mar
ket opened dull and hrm. Lead preferred
aud New England displayed decided
strength and gained lLslSs yer cent, re-
speetNely, sugar, however, Was weak aud
Tell or Us per cent,
Lake Erie < Western preferred improved
1 Ia per cent. Sugar, 1; aud Tobacco rs
per cent. Sales 70 noon, 81, 900 shares,
including al,0o listed and %, 0oo ualisted.
MONEY
WALL STREET Aug. 2S Money on call
easy at per cent Prime mercantile paper
StsQ14As per cent Sterling exchange dull
with actual business in bankers bills al
a l9OOaL Yols tor demand and at A S9(1A S9l, +
for 5 days; posted rates a. S9ts(eL9o and
A9ots s(1A 81 Commercial bills. A. SS(5 I
A. SSH. Silver certificates. eSx4 (soe7; no |
sales Bar SILVER 6e SIS Mexican dollars,
SA, Government boads strong
WttEAr.
NEW NoR-S, Aug. % Wheat receipts. I
t20, 900; sales, t,500,0oO. Options No. ? red. 1
market opened easier, sdyepeed ON foreign \
buying and held fairly steady thr0ag hout \
torenOons not much pressure ON the 4
market. May, y 81; Sept, S7a5-le; 1
Dec, 69at-L
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