The Providence news. (Providence [R.I.]) 1891-1906, 1905-01-14
FINANCIAL

The week end for tho stock market was
one for spectators TO feel we'll contented
with. The market opened this morning
with prices well up. in many instances
quite above the last OF yesterdays quo
tations. 1t was a morning OF specialties.
Union Pacific stock being the particular
feature. This excellent security opening
at il7s4 rose during the forenoon TO lls
and towards the closing hour gave signs
OF great activity in prosperous direc-
ton.
Southern Pacific also was conspicuous
during the morning as an active and ris-
Ing security. st. Paul stock. which was
cited in this column yesterday as pos
sibility in way OF feature today, rose Ia
ia and fraction thus attaining a relis-
BILE nearness 10 the 175 mark
Amalgamated Copper has had a good
week, rising today 10 "a and more. The
report Is that on the 18th OF the month
an increased percentage OF dividend on
stock will he declared. Some optimistic
minds say that a 6 per cent dividend Is
probable: others. more cautious. say per
cent. III per cent is announced, copper
stock OF this particular brand should
reach valuation OF from 30 to 100. III
the directors declare in favor OF per
cent copper will stay Just about where IL
now is" said one broker this morning
The little agitation in Manhattan trac-
tion stock. which supplied chief interest
In the market durng the dulness OF the
early part Of the week has subsided, leav-
ing that security a little the worse for
wear because OF II. Broadly speaking
Union Pacific stock has held the centre
OF the stage for the week, with Amanga-
ted Copper as sort OF understudy.
The bank statement received at II :3C
this morning was generally regarded as
favorable Decreases in loans and circu-
lation was reported with a natural IN
crease In reserve funds. This condition Is
the reasonable outcome OF weeks list
less trading.
The wheat market has held high during
the week but this mornings quotations
on the May crop were a bit below the
best figures OF recent days. Dollar-seven-
teen wheat was realized during the mid
week trading but was not reported today
Cotton Is still under seven Gems and
is d'smally inactive. The market has
risen, generally speaking. and no indica
tions OF a break appear on the surface
welcome increase in activity was APP
parent from the behavior OF the ticker
this morning. With exterior appear
ances so good II seems a little unnec-
cassary TO take alarm. but II must be
borne In mind as was remarked yes
terdAy. tnat the market dlreduy SHOVE
signs OF imitation, signs which are nc
more healthy I'm the stock market thar
they are in boils or blisters or heads.
Doubtless with such a robustness and
material strength as Is possessed by th'
financial system at present prices viii
continue 10 soar TO much higher levels IN
specific instances. Bullish influence Is
exerted now in-this- direction -Hew-ii
that, booming from day to day differ
ent securities. Manhattan felt the boon
during the week, copper and Pacif,
stocks have been prosperous today. Th'
market still is typically speculative anC
the public seems as yet unwilling t
enter the game.
With cotton so uninteresting tht
stock room at the chamber OF commerc,
Is not as active a place as in more pros
| porous seasons. The cotton crowd Il
dead" said one fellow this forenoon.
sentiment quite appropriate when no
taken too gruesomely. The weather mai
Is still very popular: 1t told the trutl
yesterday and the day previous. so
| enjoys a we'll deserved reputation as
reliable source of prophetic information