The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-28
FINANCIAL NEWS
Insiders on Tobacco Show No
Disposition to Buy.
London Opened Up Today and Manhattan
Elevated Starts TO Go Higher.


Nav YORK, Feb. rs. There was a re-
port In the Tobacco crowd that the re-
cent heavy selling had been on account
of disagreement between interests which
bought large line OF stocks some time
ago. The selling was alleged to have no
bearing on either the business or the
value of the stock, but represented per-
sonal matter. The deliveries OF Tobacco
stock yesterday attracted attention be-
cause Of the large amounts OF brand new
certificates in the name OF clerk OF q
prominent Wall street house. They show
ed quite recent transfer and gave evidence
of purposeson the part OF some TO
conceal sales. People very close on inside
interest who have been Dearish on the
stock for a long time, say there is no
evidence yet of a disposition on the part
OF inside people to buy.
The T.. Is. q. statement for January Is
moi expected to be particularly favorable.
January was poor month, comparatively,
but compares with very poor month in
1895. Februarynwas bad up to the 10th
OF the month, but since then the earnings
have shown very large increase, so that
the statement due the latter part OF
March should make pretty good show
ing.
A rumor gained currency yesterday
that Mr.. A. A. Mcleod had lately been
taking an active interest in Manhattan
affairs, and was now quite large holder
of its securities The watch which has
been kept on Manhattan and the orders
which have been executed By two promi-
nent houses are alleged to have horne
some relation to MIR. McLeod's interest in
the property.
One Of the prominent operators who
has not abandoned the bull side, but
who welcomed the reaction as healthy,
says that he considered that the market
turned for the up track again before noon
yesterday.
GENERAL FINANCIAL NOTES.
The break in B. & o. and Leather pre-
ferred had less effect upon the general
list than was to have been expected. Lon
don, instead of being demora iyed, Is ma
terially higher, ST Paul being up d and
L. * N. rs.
The pa pers say the conference held yes
terday between the Mayors of New York
presumab y in reference 10 the exten-
sion of the elevated system.
Ii is said that since the date OF the
Leather report pr ctically all the floating
debt has been paid of.
The total default on Governments were
"a, 73S, eco.
Cousols are strong at 100 1915.
Liverpool Cotton at 1890: Estimated
sales, 10, 900; middlings, 17-16 futures
opened easy at about unchanged prices;
spot grades 1-32 lower.
Joseph says: "a general rally is as
sured. IL you are short Il. & .. cover,
but do not place any confidence in any Of
the official denials. 1 tell you plainly
that Little's report confidentially made to
the directors, show not only gross mis-
management, but also criminal dealings.
Nevertheless, b. * o. will rally few
points, but sell in any squirt.
"Buy u. s. l.. for a fair turn. Get some
Manhattan Elevated and hold for 100 or
no. Do not be without some st. Paul
and c. b. q. big short interest in
c. B. O."
The estimated Rock Island earnings for
February will increase 800, 600.
Treasury gold this morning, S122, 1872
SO. tt
Copper is up Is in London.
Mining Stock.
The following are the closing bid prices
Of the listed stocks on the Colorado Min
ing Stock Exchange, Denver, Feb. 27 as
reported by Il. L. Davis & Company, ,244
Washington street. Boston.