The Providence news. (Providence [R.I.]) 1891-1906, 1895-06-15
FINANCIAL NE WS.
New and Influential Party in
American Tobacco.
Sugar Trust a Complete Monopoly
Like Standard Oil.
Special 70 the News.

New YORK, June Is. There is a new and
influential party in A. NJ. T., and il is prom.
ised that this stock shall reach l.25. Sugar
has rendered such an excellent account of
itself that it scarcely needs any word of com
mendation. There has been some swing on
the theory that eventually Sugar viii go tho
way of all trusts. Those who know the most
about the Havemeyors property say that it is
as complete a monopoly as the Standard Oil
trust, and that 1t will earn considerably more
money for the shareholders. Those who have
always been most aggressive as far as Sugar
is concerned. have harped continually upon
the theory that sugar is one-man property
and as such is hardly safe The fact must
not be overlooked, however, that Sugar, dur
ing the past four years, has been one of the
most persistent dividend payers in Wall
street, and those who bought it on reorganiza-
tion around the SOS practically have their
stock now for nothing, for the reason that
counting the present dividend that VIII be
paid in a few days, the stockholders have ro.
ceived in this brief interval something like 90
per cent.
There is no doubt that beneath the surface
something of paramount Importance is tran
spring in Ontario ~ Western. and with a
fresh interest awakened in it, as will be- the
case in a couple of weeks IL will cross 20 and
probably reach 25.'
The bullish feeling in the market is pro-
nounced particularly on the Industrials. and
is thought that these -will -ha the banner
bearers during the next few weeks.
ToDAY's STOCK BOARD.
WALL STREET. June 15.-The stock market
opened quiet and irregular. The first trans
action recorded in Chicago Gas was 5000 shares
at from "a 10 ~, the latter figure being 81 be-
low the final sale of yesterday. A rally soon
followed. which brought the figures up 10
1874. The only change in the other shares was
an advance of Is per cent in susquehanna &
Western preferred.
GENERAL FINANCIAL NOTES.
The selection of A. L. Hopkins as president
of the Susquehanna Il Western is favorably
commented on.
London is rather weak st. Paul and l.. &
N, "a lower. and the rest Of the list un.
changed.
The earnings of Atchison proper for the
first week of June increased Sl07. 627.
The Lowenthal frontage bill will probably
be signed by Governor Altgeld The bill pro-
vides that gas and electric light companies
desiring TO the streets must first obtain
the consent of the property owners in each
mile.
Joseph says: "There will be a downward
furry in Gas, as IA number OF traders will sell
because of the failure of the Illinois Legisla.
ture to pass the bill over the veto. Don't
bear Gas, buy it on any quick dip. The pros.
poets are excellent for the Lowenthal bill
Buy and hold Sugar. Better get long of the
Coalers on any activity"
The sUsquehanna Sc Western statement for
April shows a net increase of S2s Is.
The d. G. f. reorganization committee has
bid 50, 10000 for the plant, provided the court
allows the proceeds Of the sale TO DO divided
between the stockholders by the reorganiza.
tion committee.
NEW YORK STOCK QUOTATIONS..