The Providence news. (Providence [R.I.]) 1891-1906, 1896-03-23
FINANCIAL NEWS
The Stock Market Opened
Quiet and Irregular Today.
Rumored Cornelius vanderblltis Organiz-
Ing Deal With Southern & U. Pacific.


NEW YORK, March %. George Gould
says that fair progress is being made In
forming a new Southwestern Traffic Asso-
citation. King, the order broker in Chi
cago, Burlington & Quincy, says the bulk
OF the selling is for short account.
The general situation is just about as
| mixed and unsatisfactory as it has been
| at this time for years.
The New York Herald prints full page
from merchants all over the country. 1t
generally says that they are holding their
money for quieter times.
Some color is given> to the suggestion
that the trip of Cornelius Vanderbilt
across the continent is with the view OF
arranging deal with the Southern Pa
citic and Union Pacific. Should Union Pa
cific get.active around 1t might be the
sig nal for traders to catch on.
London at 1: 80 p. m, was dull about
the same as on our Saturdays closing.
The net decrease in the earnings of G.
Z. e. & ST. Louis for the second week OF
March amounted to S25, coo.
The street is being flooded again with
bull lspoints on.Sugar.
The receivers appointed for the Gem
trail Vermont Railroad will not have any
ehectsupon our market.
The earnings of st. Paul will continue
to show big increases for this month.
by the fact'that farmers and elevator men
are sending their wheat from the Dako-
tas, where assessments are levied on
wheat held on April 1.
Chicago special says the following
has been wired by Leggett Il Meyers To-
bacco Co. to their Western representatives:
Amy report in the. papers to the effect
that We have sold or intend to sell to the
American Tobacco Company is false.n
The Liverpool Cotton report for today
Is as follows: 1880 p. m, futures 1-2
points down; sales 5000 bales; middlings
1882; d. M, sales 10, 600; futures i 1-2
lower than on Saturday
The mandamus proceedings in Chicago
Gas will not be heard until October.
There seems to be no good reason to bull
gas except on short interest. The stand
ard Oil interests promise to take hold OF
st. Paul, which will sell ex-dividend to-
day and make II the leader of the market
The Rock Island directors have declared
the regular dividend of 1-2 per cent. pay
bile on May 1.
Joseph says today: The net statement
of earnings of Chicago, Burlington &
Quincy and'St Paul to be published this
week Will exercise q decidedly favorable
influence upon minds of intending in
vestors and should incidentally help the
market
The West is doing the biggest business
in its history. They will earn this fiscal
year lU per cent. on each class OF STOCKS.
Keene is very bullish on Sugar. 1t will
cross 120 this week II all ether conditions
are equal. Whisky Is good for point up
turn. Tobacco is going higher and Gen.
eral Electric will be better.
ToDAY's STOCK BOARD.
WALL STREET, 1915 a. m.--The stock
market opened quiet and irregular. with
changes mainly advances Sugar improv-
ed ] per cent. to I'LL and Tobacco i2 per
cent. The railway list is practically
neglected. The general market displayed
heaviness after 1915, with decided press
ure against Tobacco, this specially react
ing 1888 per cent. t. So rs. Manhattan
yielded point and Sugar and Burlington
5-8 per cent. Tobacco Is now up TO $685.
and the balance of the list Is ruling steady
with very little doing.
Mining Stock.
The following are the closing bid prices
Of the listed stocks on the Colorado Min
ing Stock Exchange, Denver, March II, as
reported by L. {. Davis q Company. 244
Washington street. boston.