The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-08
FINANCIAL NEWS
Stock Market Opened Regu-
lar This Morning.
The Wheat Export for the Week Aggre-
gated 2,907, 900 Bushels.
special TO The News

NEW YORK, Feb. S.-A director OF 81.
Paul said yesterday that the company did
not seem able TO make any impression on
the stock of grain in its territory in the
Northwest. 1t came into the elevators
along the line as fast as the company
could haul it out. The company now
has in sight, as ii had three weeks Ago.,
about I, 1000, 900 bushels Of wheat, the same
quantity OF corn and a large supply OF oats.
there is no evidence whatever that the
end is i'm sight. Officials of the company
in the Northwest say that the large earn
ings will continue for some time to come.
Vice President Bond was asked whether
there was any special moven ent OF stock
in or out of foreign hands just now, and
he replied that of late the movement has
been slight. There was no p~ereeptible
transfer of stock either way to amount
to anything.
The advances in yesterdays market rep
resented the second thought on the bond
sale. II looked as though the large opera
tors had waited for such realizing as would
Immediately follow the bond announce
ment, with the intention of taking that
stock without an advance and then SEEK
ing public cooperation by a sustained
streng. h covering some little time.
There was q good deal said In the room
about Morgan buying ana there was GER
tainly more commimsston buying. IN.
Suga movement attracted a good deal OF
attention on account OF the fact that peo-
pie who have good on the
stock were very confident buyers. They
thought last night that the rise would go
further.
Tobacco was weak, with rerorts of liti-
CATION and ADVERSE legislation, and there
was an attempt To depress Caicago Gas
on the Moloney outg wing. Gas people
said tbs what Mr.. Moloney bad to say
was not now essential, but they were
glad to have ii out of the way.
1t is said that the annua report OF To-
bacco which will be issued next week
will show that the company expended
800, 900 in advertising, paid 9 per cent.
dividend on the common stock and had
after these payments a surplus for the year
of about q, 250, 900.
1t is rumored that insiders are making
preparations for a bull company In the
| stock as soop as the New Jersey suit is
out of the way. This suit will come up
about the 18th OF the month. The break
in Tobacco yesterday was the result OF or
deIs from brokers usually very well In
formed on the movement of this stock In
the market. The extent of legislation
against the company throughout the
country shows that In four states the sit
uation indicates persistent and powerful
opposition to the continued sale OF Gig
arettes and promises TO make serious In
roads in the business of the Tobacco
At any rate the position of
legislation is being carefully watched
by the managers of the A. M. Il. COM
| pany and is entering as a factor into the
bearish feeling on the stock at the mo-
ment.
The Liverpool Cotton report for today
is as follows: IL: 80 p. M, estimate num-
Der of sales 5000 bales. Meetings are
| quoted at A 9-i6. Futures unchanged to
10 down, and quiet.
2 p. M, market closed quiet, L. a point
better than at 1880.
J.B. Bache q Co. say: The London mar
ket is Is better for st. Paul and from Is
to IL lower for the rest OF the Americans.
The increase in the earnings of the 4.
&. G.. Il st. Louis Railroad for the fourth
week in January amounted to $4,000.
The wheat exports for the week accord
ing to Bradstreet's amounts to 2,907, 600
bushels.
Consols are again back to their best
| prices, 1903 3-16.
Both Gould and sage promise to give
| some support to Missouri Pacific. This
will make the shorts a little nervous and
a rise OF g couple OF points may be looked
Tor.
The share speculation opened active
and irregular with only slight variations.
Dealings in the Industrisls have been
very heavy. Sugar reacted 10 per cent,
then rose III. Tobacco opened / Is
lower, but recovered half of the loss.
Distilling was well supported and i'm
proved y per cent.
Trading in the railways has been light.
The general market is now about steady.
PROVIDENCE CLEARING HOUSE.
The clearings of the Providence banks
| today amounted to $40, 100, and for the
week aggregated s5,247,O0
| CRIPPLE CREEK AND COLORADO roc
The following are the closing bid prices
Of the listed stocks on the Colorado Min
ing Stock Exchange, Denver, Feb. Z, as
| reported by H.. Z. Davis Il Company, 244
Washington street, Boston.