The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-01
BANK TE|N|ENT
IADISAIP OINTMENT
Aid Gains Made in Stocks Were
Wiped Out.
MORE GOLD WILL GO OUT.
The Market Was Weak After This News
Was Announced Copper Continues
to Tumble = Tobacco
Bonds Better.

III INC Garry trading yesterday the stock
iiaIhet Was strong and some gains were
MADE nero and there. rotably in Louis
Vile and Nashville. But the bank state
ment was q disappointment, the reserves
showing a decrease OF more. than 4 mil
lion dollars, and the market sold off
sharply. most of the early gains being
wiped out. Tile bank statement was not
at ali bad There was in fact. a gain
III cash of nearly a million dollars. bat
the loans increased over 100000. Coll-
pied with the bank staterlcnt-was the an
nouncemcnt.o fam fenSa cement OF gold for
export next week and this also had a de-
pressing effect.
Union Pacific reported a net increase
for October of $3.50. SOL but the report had
no effect upon the price OF the stock
which has been under pressure for some
time past. Canadian Pacific showed for
the same month a net increase of S3SSS63.
COPPER GOES DOWN.
Arlalgamated Copper was again very
weak. and sold down to T. and Il frac-
ton. but rallied before the close to; Il
and a fraction.
Consolidated Tobacco bonds sold at CT
IS during the day. but went down q
fraction with the general market. In
correction with these bonds. the New
York News saws:
The announcement of . per cent on
bacco Cen pstny late yesterday came as
somewhat OF a. surprise. The company is
sued quarterly statements Of its earnings
up, to about six months ago. Since that
time no statement has been given out.
The last statement issued did not indicate
that the company was in a position to
pay a dividend on the common stock
One well Informed man says. however.
that within the last five months or SO
the company has greatly increased its
business, and that The profits have been.
unusually large. The announcement Of
this dividend is of no special interest ex
Cept to the holders Of. the 1 per cent.
bonds ofSthe Consolidated Tobacco Com
pany- Several months ago when the plan
for the ABSORPTION of the common stock
/ Of the Continental and American Tobacco
Cmpanies was declared to be effective.
It was said that 80 per cent. of Continent
tai stock had been deposited under the
plan The fact that the Continental To-
bacCo COMPANY is sufficiently prosperous
to pay d dividend of . per cent on its
common stock in addition to the regular
quarterly dividend of 1 .. per cent. on
preferred adds evidence OF strong posi-
ton OF the per cent. bonds of the Con
soiidated Tobacco Comnauv.
NO BAD NEWS
Apart from the bank statement and
the al nc Unceemnt OF gold export there
was no rawS of interest So f. a received
on the Richmond market There was a
little rally' just before the close but in
most cases prices were we'll under the
opening.
The Produce Market.
The produce market during the week
now gone has been a. regular old conser-
vative Richmond produce market. and
that's about all. There have been no
features whatever. bad or good. Bust
ness has been fairly good and so have
prices. Neither has teen remarkably ac-
tive nor remarkably dull.
Apples are selling somewhat better than
heretofore, and, especially, the better class,
are bringing good prices. Fine apples sell
all thu; way from Sc to s. per barrel
Others. bring from So to s.. Receipts are
inclined TO be light.
The price of live stock does not change.
VeaIs are worth IS to 81 per head: ambs.
5 IL to l. cents per pound: sheep. . II
to 5 cents per pound; cattle, to T.:
cents per pound; hose, 5 L. to 8 cents per
pound.
White beans are worth $3.50 to & per
hushel: blackeye-peas. s1-65 to SIS per
bushel; black peas. s.1o to- sl.25. and
dry peas, 30 cents to 81.
Onions are worth S2.75 to $3.50 per bar
rel; cabbage. $50 to $3.50 per barrel.
Eggs are still selling steadily at - and
% cents per dozen
The price of game continues about the
same.