The Providence news. (Providence [R.I.]) 1891-1906, 1905-02-15
FIN * AHCIAL.

At at time when the country is pass
Ing through tho dullest phase OF It's busi-
ness, industrial and commercial expert
ence broad view OF the situation II justi-
fed The late winter season is such a
time and none but a broad study OF con-
ditions can prove satisfactory when limi-
tatons are enforced as 10 space
With euriously severe and persistent
storms raging In many sections OF the
country. delaying traffic and greatly i'm
peding the progress OF industrial opera
tions a depressing influence Is exerted
throughout the sytem OF national trade
and material activity. The weather IL
depressing but not distressing; brighter
days are coming and all the country can
do is TO wait for them
This morning IL was apparent that
Providence business had passed a lazy
week since 1t was last considered. No
material change in the local banking situ-
alton is noticed money rates are low and
actively In that direction is slight; labor
is well employed and well paid, causing
a steadiness In the matter OF depositing:
II Is not at all a season OF lavish expendi-
lures OF capital so that the withdrawal
of moneys Is not more than normal
BulldlnS operations are not kTtdlig III
evidence at this time. The wea ther has
interfered effectively and but little work
IN this line is at present under progress.
Every indication favors the opinion that
the arrival OF spring will witness an ex-
traordinsry revival OF activity among the
building trades. The abundant prosper
ity Of the country and the wealth OF its
available resources strengthens this as
sertion.
With the merchants and men OF gen.
eral industry business is gradually i'm
proving; is still dull and not too profit
able, but promises 20 pick up before very
long. Prospects are good for roustng
spring trade and buyers are industriously
sensing the country's marts and accumu-
lating their new stocks.
Certain very favorable facts should be
borne In mind rela tive TO the business
outlook The absence OF disturbing in
fuences in the shape or national cam
paigning and the contests for political
offices, the soundnese or the countrys po-
ltical situation, the popularity OF the
chief executive and the lack OF any over
shadowing doubts as to legislative affairs
all these things make for stability in the
national situation as 20 business, Indus
try. etc
The great St Louis fair has passed into
history asl. does not menace the country
tent year ago. There are no great
strikes or other grave unsettled con-
ditions In the country and labor is
effectively and substantially active. Never
before was labor so freely employed and
so justly recompensed, and the prospects
ahead are, indeed propitious.
Todays markets have been active They
were a little heavy at the start but grad
ually grew easier and passed busy,
trra 10 y1a rl
whole are strongly buIlish, With
| tendency towards speciaties. Today in
| the security market Ontario g. Western,
| that road in which the New York. New
Haven and Hartford holds controlling
interests, passed through a prosperous ex-
| perience, In which II was quoted at a new
| record figure, S01h A r,Imor was afioat
| that the New York and New Haven COM
| pany nad decided to turn over the Ontario
/ e. Western property 10 the New York
Central Little was forthcoming TO sub
| stantiate that rumor.
| Relative 10 the New York. New Haven
| and Hartford road, It's report for the
| quarter ending Dec. 81. 1904. shows an in
| crease in earnings OF $4,000 over the
| corresponding quarter In 1893 An in
| crease In operating expenses during the
! period OF si27.4 425 counteracts in n meas
ure the advance In earnings, but both
! figures indicate forciby the aggressive
! prosperity OF the road
Sugar was especially buoyant during
| the morning and rose valiantly. Little
| explanation OF the selection OF II as
| speciality was forthcoming. Railroad Sc
| ourities were active, but unassertive.
| There was no great progress made con-
| sidering the market as a whole.
In the cotton market things were quiet.
| Reports from the south were not con-
| ducive TO action, and prices simply rose
| little and fell away again. Until south
| ern skies clear there will be little telling
! activity i'm cotton.