The Providence news. (Providence [R.I.]) 1891-1906, 1905-02-09
FL ~ II HCIA Il.

Financially speaking. there is little
doing today. With severe weather In
many sections OF the country. with COM
nerce and industry following a steady.
unruffled course towards better condi-
tions. with a lup in the worlds turbulence
and uneasiness, with a sense OF hesitancy
and expectation apparent in the opera
tions OF American stock exchanges there
Is but poor fare for one seeking sensation
and refreshing news.
Here IN Providence the presence OF
queer little snow storm, mere side Issue
o; larger elemental disturbance OF sew
eral days duration, tends TO force the de-
pressed condition OF business upon one.
for bad weather seldom fosters lively
optimism. There is no new word 10 be
said today bearing upon the local situa-
ton. Prospects are favorable and there
is little evidence OF discomfort. Business
men seem 10 accept the state OF affairs
phiiosophically and 10 patiently wait for
more propitious days. IL Is frequently
asserted that the banks OF the city are
now at the low point OF the years activity
Broadness is the dominant characteristic
in the larger. national situation. Whereas
until recently prosperity has been con-
spicuous In but the higher grade OF COM
mercial and industrial activities. today IL
appears 10 be common 10 ALL even TO the
humblest Prosperity Is contagious and
caunot long endure II narrowly confined.
II is pleasant TO note the widespread con-
fidence in the increasing richness OF the
land and the wholesome stability such
confidence lends 10 the financial aspect.
The national crops are I'm a state OF
uncertainty. The produce exchanges re-
port irregularity and unessiness today.
Wheat and corn enjoyed little activity
during the forenoon and seemed 10
vaciliatc within a narrow margin Cot
ton opened on European reports were
not disturbing, nor were they favorable
for an advance. The American market
Opened some six or seven points behind.
entered at once on a trying experience
OF uncertain huctuation and gradually
settled BY noontime irregular opera
tions lent restlessness and doubtfulness 70
the market. There was nothing akin 10
sensation IN the forenoon's cotton news
The security market ably maintains it's
strength II has had a desultory day.
achieving less in the matter OF volume OF
transactions than has been commonly
done OF late weeks. The opening today
was but fractionaly different from yes
terday's close At once there was a re-
suming OF progressive action. Prices
gradually rose, but could not sustain
themselves for long Al higher levels The
mornings trading was irregular and not
strong in feature. 1t ia noticeable today
that attention Is directed more and more
now towards the so-called second rate Sc
curittes Economically the condition is
interesting Prospering influences have
OF late established the first grade stocks
At exceedingly high prices. The lower
grade securities have been neglected The
time seems TO have arrived when the
highest lrfces can only be maintained by
the proportionate strengthening OF lower
ones. In that way the natural balance
OF v,Aues IL preserved. No great advance
was m ade in specific stocks this morning
and there was little material presented
for special consideration Broadness.
cleanliness and substantially are the
dominant features OF the present market.