The Providence news. (Providence [R.I.]) 1891-1906, 1896-03-05
FINANCIAL NEWS
The Stock Market Opened lr-
regular This Morning.
The Receipts in the Wheat Trade Show
Natural Improvement In Business.
Special 20 The News.

NEW YORK, March 5.-The action OF
the Chicago, Burlington Il Quincy during
the last year has been an interesting
demonstration of the relation in price
movements of value with speculative SYM
pathy. 1t hes been known to everybody
for year past that Chicago, Burlington
& Quincy was not earning its dividends.
This, however, did not interfere with
substantial rallies in the price of the
stock. Anyb )dy who had traded In
Chicago, Burlington IL Quincy on merit
would have met with large losses. The
stock rose as much In the bull market
from March to ptember last year as the
other grangers with exception st Paul.
In the last rise, December 10 February,
Chicago. Burlington & Quincy rose II 7-S
per cent, compared with II for Northwest
and Is for Rock Island. The feeling that
this stock was not maintaining Its value,
however, brought selling on the advance,
and Chicago, Burlington Il Quincy has
regularly been one Of the class to decline
when the speculation current has set
down instead of up. The result in the last
series of movements has been more more
pronounced than usual because the delay
In the corn movement has increased ap-
prehension in regard to Chicago, Bur-
lingion Il Quincy earnings.
The talking OF the sugar bill In the
German Reichstag yesterday caused con-
came up the radical leader moved an ad-
journment on the ground of no quorum.
quorum was demonstrated, whereupon
various members were induced to leave,
and the count disclosed no quorum
resulting in the delay of the bill.
May wheat at Chicago yesterday declin-
ed on dull and lower cables, larger North
"a
tary of the Duluth Exchange that receipts
of wheat for six months here exceeded
the season OF '94. There were good buy
ing orders at the lower range which stead
led the market and caused the advance.
Bradstreets' report showing decline Of
over 1000, 600 bushels in the worlds WIS.,
ible helped the rally. Cash busines was
light in wheat and corn. Total clear
ances of wheat and flour equalled $50. 600
bushels.
People who watch the Tobacco trade
closely say that they are satisfied that
there will be no dividend on A. M. T.,
common in May. In the first six month his
Leather was credited to the't hear interests
The Liverpool cotton report for today is
as follows:
1890 .. missiles, 10000 bales; Mid
dlings, 1916; futures, 1lo lower.
2p. MIXTURES 3ia lower than at yes
terday's close.
ToDAY'S STOCK BOARD.
WALL STREET, 1915 a. m.--The ini-
tial prices show irregular sight fractional
change from last nights closing figures.
The tendency WAS toward a lower level.
London prices showed fractional declines,
but operations for that account were
light. Stock prices are not stiffening,
especially for the Changers and Louisville
Il Nashville.
CLEARING HOUSE ELECTIONS.
The annual meeting of the Providence
clearing house association was held yes
terday afternoon and officers were elected
for the ensuing year.
The following is the list: President,
S. II. Tingley; secretary, NJ. K. TORY /;
clearing house committee, &. III. Sheldon,
Abram Barker, III. A. Hunt, 3. X. Dor
rance and j. M. Addeman.
Mining Stock.
The following are the closing bid prices
Of the listed stocks on the Colorado Min
ing Stock Exchange, Denver, March 4, as
reported by r., {. Davis IL Company, 244
Washington street. Boston.