The Providence news. (Providence [R.I.]) 1891-1906, 1895-06-11
FINANCIAL NEWS.
Stockholders in Northwest
Used Like Mutual Partners.
Every Reason Why Canadian South
ern Should Sell Higher.
ipecial 10 The News.

ipecial 10 The News.
NEW YORK, June 1.-THE statements that
now emanate from the highest officials OF tho
Northwest, and which are endorsed freely by
the management of New York Central, that
business Is improving, and that the outlook
for the summon months Is considerably moro
cheerful than was that of the past years
will not fail TO further enthuse those
who maintained that the people who had
their money placed in the common shares OF
Northwest were treated as they should have
been, like regular partners in a common ven
ture. In the ordinary course of business they
were told just what had been done, and their
advice was solicited, and with one accord
they decided not TO cripple their business by
taking out money that had eben earned, or by
putting out an additional mortgage, but TO
divide pro rata the profits that had been
made for tho worst six months that their
company had experienced in more than do
cade. IL would be good thing If other rail
roads were to treat their stockholders with
the same consideration.
II will be easily seen that IL the Vanderbilts
decide to make their stock leaders on the bull
side Of speculation, they will haveino diff
Guilty in getting quite an enormous following.
There is every reason to look for @. s.. TO
sell much higher. There is no doubt that the
company, in declaring its regular dividend OF
Ia per cent. at the end of the onth will sub
nit a statement that viii prove conclusively
that by the end Of the year, and all other
conditions being equal, there rs no reason TO
look for worse times in 1896 than were ex-
perienced in the last part Of 1904; that Z. ,.
will pay the extra half per cent, so that those
who buy the stock at those figures practically
receive per cent. on their money.
Both Manhattan and Western Union should
be good for a speculative turn of or per
cent, or may be reasonably held for invest
ment account. There is very little floating
stock of either in the street
ToDAY's STOCK BOARD.
WALL STREET. June 1.-THE stock market
opened moderately active and strong. St.
Paul a. Omaha preferred and Tennessee Coal
advanced l per cent. Burlington and sus-
quehanna 81 Western preferred q, and
Northwest, a per cent. Chicago Gas was
under pressure. and lost Il per cent The
trend of values continued upward. New Jor-
sey Central gained y per cent; Mobile &
Ohio, Minnesota & st. Louis second pre-
Island, /; Lake Erie & Western preferred. and
Union Pacific, Denver & Gulf "a and Chicago
Gas d per cent. Alton & Terre Haute and
Lake Shore, reacted i per cent AT noon
there is a disposition TO sell the Coalers, and
Lackawanna has receded ia per cent, and
New Jersey Central. 4 per cent. Sugar was
not traded in for the first 10 minutes, and halt
an hour elapsed before there was a transac.
tion In Distilling.
After IL o'clock, Reading. in sympathy with
tho other Coalers. fell off 2. per cent. and Gen
eral Electric receded "a. The rest of the mar
ket was strong and advanced, tine gains being
fractional except in Iowa Central preferred
which rose per cent. Great Northern pre-
ferred rose 1s.. ard Tobacco pa. The market
is still in good tone at the opening figure
Sales to noon, loo, 400 shares including ll9, so
listed, and 10. DO unlisted.
GENERAL FINANCIAL NOTES.
Earnings for Texas Pacific for tho firs
week in June increased Sl3. lO7: st. Paul, dc
| crease S46.5l1 Wabash, increase, s5i, 420
| Canadian Pacific, increase, Sil 900.
The Government crop report is In genera
| a bullsh document for stocks. Tho settle
mcnt in London is reported as easy, although
| prices from there show only fractional changes
Dow. Jones 81 Co., say: "At 3 p. IN. las
night, Governor Altgeld sent in "a veto mes
sage Of the consolidation bill. Tho Legislation
| now stands: Both houses will attempt 20 pas
tho consolidation bill and the Miller frontag
| bill over tho Governors veto The Legisla
ture adiourns Friday for two years"
The morning papers all say that the crol
report is bettcr than expected. still. on Chi
cago authority. the figures will be bctweel
sos 900, 900 to O,OO0, 900 bushels. This countr
requires 376, 900. 0OD bushels for home consump
tion, and supposng 25. Ooo,oo bushels are lof
over from this years crop, IL will give us onl.
| 100000 for export against lJ00Oo.0O thi
| year.
Joseph says: "All cal~slations from a Wal
| street point Of view on crops have miscarried
The Government report Is simply superb. Blu
and hold q. B. & O., and st. Paul; you vii
make big money. Atohison is going up. Yo
may make a quick turn on the long side O
W. u, and Manhattan.
| NEW YORK STOCK QUOTATIONS..
| REPORTED ny MILLER q VAUGHAN