The Providence news. (Providence [R.I.]) 1891-1906, 1896-03-26
Stock Market Opened Firm
This Morning.
BonfOrt Speaks on the AlcO-
hOl and Spirit Trade.
Increase In Earnings of st. Paul Due
to Merchandise Movement.
rrsciai 20 Tho News.

leading Western fficials OF the Chicago
Gas companies are in the city and there
was..a conference between them and MEM
bers of the reorganization committee
which has given rise to a rumor OF i'm
portant action pending. We learn that
financial arrangements.have been made
Dy which a dividend can be declared at
any time. We also learn that when it is
declared 1t will be on a per cent. basis
Some interests in the properties are still
anxious to keep back dividends but the
strongest interests are understood TO con-
slider the companies well able to dis
b1rse this money and that the stock hold
ers are entitled to Ii.
Bonfort says of the alcohol ana spirit
trade: "The demand for spirits during the
last two weeks has fallen off considerably,
owing to the fact that the jobber and
dealer are preparing for the change which
the Raines bill will make If 1t is put in
force. Under these conditions 1t is diff
cult for the sellers to maintain prices
There is no doubt, however, that nothing
would be gained by lowering the price,
as IL Is not question of a few cents, but
one OF the general conditions of trade.
No amount OF concession would increase
the demand"
Some of Mr.. Morgan's friends lay con-
siderable stress on his present trip abroad.
They all say that he went on business and
they call to mind the lively market from
London and the continent which charac-
terizes his last years visit abroad. He
may place bonds while away and he Is
very likely to inspire very considera BILE
buying OF stocks, for his advice Is closely
followed by many very important foreign
interests.
II is understood that one reason for
the large increase in the earnings OF st.
Paul as compared with other granger
roads, is that the merchandise has been
relatively large. In other words, the
good crops tributary to st: Paul have had
heavy east bound tonnage, while the pro-
ceeds of these crops have enabled custom
| ers in st. Paul territory to buy more
freely than they have been able to do in
territory farther south.
People living on Rock Island and Chi
cago, Burlington q Quincy lines do not
have the wheat to ship nor the money
| with which to buy merchandise. Good
| average crops for series of years in the
| northwest have also had an influence.
| People in the st. Paul section have been
making money. Business has become
| greatly diversified, and there is much less
| dependence on crops than formerly. Ex-
| animation of st. Paul's earnings in detail
| show clearly the great result that has
| come from large and well distributed
movement Of high class and consequently
well paying mercnanOlSe.
The Liverpool cotton report for today
Is as follows: 1880 p. m. Futures opened
| quiet, demand Door and unchanged from
| yesterdays close. Middlings, 3-S. Esti-
mate mum ber of sales 5000.
j. S. Bache x Co. say: The earnings
| OF the Missouri, Kansas ~ Texas for the
| third week of March record a decrease of
| 5000, and for Onatrio & Western for the
same period $40, 900
The political situation Is brighter than
| 1T was and there seems reason for believ-
| ing that the candidates for presidential
| honors will have TO take bold stand on
| the general platform for sound money.
AS soon as Europe sees that gold is to be
the key note of the coming election it
will again take hold of our securities.
ToDAY's STOCK BOARD.
WALL STREET, 1915 a. m.-The initial
prices generally showed but little change
from last nights closing, and the volume
OF business was very meager. Prices are
now tending upward, with Sugar, Ten.
nessee Coal, Colorado Fuel and Pacific
Mail gaining fractions.
WALL STREET, IL q. m.-The execution
OF realizing orders in Sugar carried the
price down to last nights level. The gen.
eral market, however, was not affected
and ruled firm and higher, with material
gains in some OF the usually active stocks,
particularly Consolidated Gas, Iowa Cen
trail preferred, N. Y. G. and st. Louis sec-
ond preferred and Colorado Fuel.
The New York exchange will be closed
on Good Friday.
The Wool Trade.
The American Wool and Cotton Report
CT will say today of the wool trade:
The sales in the three principal markets
have amounted to 2, ,926, $50 pounds, of
which LAG, $50 pounds were domestic
and l,449, 500 pounds were foreign wool
The sales since January l, 1896, have
reached 56, S04, 7l5 pounds. The situation
continues monotonously dull. Prices
are generally in buyers favor, in brief ii
would be termed buyers market, il
there were any inclination on their part
to purchase. The simple fact j., that
there Is no demand. Generally speaking,
manufacturers are not requiring any
stock, therefore II is only in cases of
emergency that they seek any, and then
but sparingly.
Sales have amounted to 56s, $50 pounds
-233, $50 pounds domestic, and 1886 600
hounds foreign wool Sales since Janu-
airy, 1895, have aggregated 14.6S4, 500
pounds.
Sales for the week, 1,462,5O0 pounds
740, 600 pounds domestic, 722, 500 pounds
foreign wool. The sales since January
amount TO rs, $40, 500 pounds.
PHILADELPHIA.
Sales, $4,000 pounds domestic, 3a2, ,Un0
pounds foreign wool ;total, 500, 300 pounds.
Since January j, 1876, aggregate sales,
1859, 4io pounds.
ST. LOUIS.
Some 100000 pounds fine Texas and
Kansas were sold also some pulled and
secured wools TO make total fully 4ir,-
coo pounds in all. The buyers got good
values for their money.
Mining Stock.
The follow ing are tho closing bid prices
| Of the listed stocks on the Colorado Min
ing STOCK Exchange, Denver. March 25, a.
reported by l.. L. Davis 4 Company. z44
Washington street. Poston.
Bid Asked Bid ASKED