The times. [volume] (Richmond, Va.) 1890-1903, 1891-10-02
SOLD THEIR B. & 0. STOCK.
NJ. Inman Admits That the Terminal Dis
posed Of 1000 Shares.
MORE H. q W. IMPROVEMENT BONDS
Placed nv the President I'm Europc-Price OF
Connecticut Tobacco Goes DP-pea'"
ola Centenarian-New York News
Nrw York BUREAU. RICHMOND TINS. !

President Inman admitted to-day that the
Richmond Terminal bad recently sold 1000
shares Of its Baltimore and Ohio stock hold
ings at 971z
IL has only few Of these shares left. and
they will probably be sold out very soon.
Mr.. Inman said they were sold simply because
the Richmond Terminal had no use for them.
It did not need the money 10 pay October
charges. as the companys earnings wero
more than sufficient 1t would simply rather
have the money in the treasury than the stock.
Mr.. Inman would not say why the Baltimore
and Ohio stock was ever purchased ny the
Richmond Terminal. 1t was matter OF
comment. and no good reason could be Tor
muatod by the street at the time the purchase
was made.
WHY TIE PURCHASE.
People asked when did II have any money
over 10 spend in buying non-dIyidends pay
ing stock when it could have purchased It's
own securities at prices which would have
Melted the company over per cent. per an-
mum, and now. If II was a wise investment.
why sell the stock at the very time when ~
promises 20 pay something II the Terminal
company wants no money, why dispose OF the
most promising investment that II has, Inc
Terminal company is paying interest ana
Central amounting TO about 100000 Presi,
dent Inman says that the money was provided
entirely out Of earnings.
NORFOLK AND WESTERN NEWS.
President Kimball has placed 100000 600
more of the Improvement bonds OF tho Nor
folk and Western in Europe. which IL an e1-
cellent assurance of the confidence that at
taches 10 the management. Inc directors
have declared q semi annual dividend OF Ia
NLa raH r.
tober 22d. The dividend earned will be paid
on s4O. 600 900 stock. against s3l. 100000 out
standing in the spring The company issued
O.. SOC. 600 preferred stock OF which $1,000, 600
has been sold to an English syndicate.
SHOULD BE REPEALED.
The Chamber of Commerce to-day passed
this resolution:
Resolved, That in the opinion of the
Chamber of Commerce of the State OF New
York the existing law, compelling the pur-
chase by the Government Of 4, 100000 ounces
of silver per month, is against the public wei
fare, and should be repealed.
PRICES OF TOBACCO ADVANCE.
The excitement Of the Connecticut and
Housatonic Valley tobacco market is increas-
ing During the past ten days the range of
prices paid has advanced from three TO eight
cents per pound over the prices current two
weeks ago. The crop has cured in perfect
shape, and sales are being made mostly at
from Is TO 30 cents per pound for the entire
crop, 10 be delivered ia the bundle Care
full investigation indicates that the situation
is much better for growers than the most
ssnguine have expected, aud that a further
rise in prices is probable.
DEATH OF CENTENARIAN.
Isaac Brandenstein. German who lived at
3Sl Grand street for many years, died last
night aged one hundred and one years and
six months. His death was alone due TO his
advanced years.
Mr.. Jesse Seigman, the banker and we'll
known philanthropist leaves this city for Eu-
rope ON Saturday The trustees Of the va
rious Hebrew charitable institutions and the
trustees of Temple Emanu. FL gave him q
complimentary dinner tonight at Del
monico's, at which two hundred prominent
guests attended.