The Providence news. (Providence [R.I.]) 1891-1906, 1905-02-14
FIN X HCIAL.


II is so unusual a thing for two-and-a-
half holidays TO come in succession In
financial circles that matters this morning
seem TO be poorly adjusted. To draw upon
the vernacular. tho markets don't know
where they're at Very irregular fuctua-
tons are reported from the Security Ex-
change The cotton market is neither
good. nor bad but is lazk Indifferent.
Commerce and trade show little OF nota-
bic change from Saturdays condition.
There are bulls and bears today as there
have always been. Many OF the largest
bulls have made merry In the market for
several weeks. have prospered wonderous-
ly and have waxed eager for a rest They
have gene on vacation trips many OF
them, to the south, into %ne west and 10
quiet places where tickers do not tick
from Ia until 3 each day, where they are
free for the time being from the pressure
OF intense speculative action. SO the mar
ket is rid OF their influence In way and
the bulish tone OF speculative affairs
quite subdued.
OF course, with the bulls away the bears
become lively and assert their presence in
such a manner that the market trembles.
ceases to progress and too often gives
way before them This morning there
was evidence OF a subdued tone In the
market and the ticker Jagged queerly.
There would come a little rise and then
little fall; again a little rise and a quick
fall to lower level than ever; so the
market shifted and betrayed merely a
weakening of the bulls and n strengthen
ing or the other fellows.
All the forenoon they pulled and tugged
al existing values without material gain
a. ptx ~ xxrftr
the apparent helplessness OF the bullish
forces I'm the free Of bear onslaughts for
the market is OF extraordinary substance
Ino strength as has been clearly demon
strated OF Late weeks There Is not APP
parent at present any adequate reason
tor the depres ion OF those influences for
aggressive prosperity. The trading during
the forenoon was irregular and not OF
great volume
There was reported within the past day
or two news from Washington which
showed that the president and the senate
were not in harmony in regards certain
Issues OF vital importance 10 the world OF
capital and industry. A difference be-
tween the executive and legislative heads
OF the nation cannot but cast restrain
ing influence into the operations OF the
countrys financial interests. Further I'M
telligence from the Federal city is eagerly
awaited.
The weather has played prominent
part in determining the trend OF affairs
today decidedly damaging cold wave
has swept the country. II is particularly
severe in the south. At Memphis the tenn
! erature is but ABOVE zero with proper
tomato degrees OF cold existing else
where. Such unnatural weather ties up
the movement of trade and industry
through the south and sffectually arrests
the activity in cotton. In the west severe
storms have impsded railroad traffic so
that unsatisfactory reports arrive from
that section The crops In the south are
threatened as they are also In the west.
Grave fears are entertained for the great
orange crop.
With the cotton market. fortunes have
been irregular. There seems little cause
foi apprehension. The English reports
continue promising and operations in New
York and at southern points were in the
aggregate favorable. Among local cotton
brokers there is no marked activity and
the general sense OF uncertainty seems 70
pervade the cotton circle here. An irregu
lar forenoon left the cotton values but
slightly changed.
Wheat IL heavy and IT'S movement is
light and irregular. There seems TO be
lack OF energy behind the wheat market
Al present as with crop conditions favora-
bic there is little desire TO stir up prices.
Produce In general IS heavy at present
and no great relief is looked for until the
spring awakening.
The steady marcn OF industry continues,
there being no report to the contrary and
business still advances though very slow
". In this city there is little but weather
in today's situation. With the banks there
IL no apprecia.ble change In the condition.
OF local money though II being somewhat
nearer spring a little more acute sense of
activity Is felt