The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-18
TRADERS GET
CHRISTMAS GIFT
Stocks Were Much Stronger in Yes
terday's Trading.
COPPER MAKES LOW RECORD
Then Turns Upward and Several Other
Stocks Follow Traders
Are in Much Better
Sp:rl.s.
COPPER MAKES LOW RECORD

The market opened somewhat weak
yesterday under the influence OF Amal-
gamated Copper, which went down 20
&C IL, a new low record The traders
in New York seemed to be in a gloomy
mood.
This is the way they talked. One of
them said:
..To-day's market will again be under
the influence of copper and the near APP
proach of the time for dividend action
on that stock has made traders nervous
owing to the fear that instead of re-
ducing the dividend to a per cent. basis,
the directors of the AmalSamated Cop
per Company will take drastic action
and pass the dividend entirely. 1t Is
this apprehension that weighs upon the
market and even the large interest do
not care to Euy stocks until after the
dividend result is known, hence we 90
not look for anything but an irregular
and rather heavy market, and the fact
that copper stocks in London are again
weak is unfavorable feature
And another said:
London prices generally lower Our
market promises to be irregular with
the sasging tendency. Morning papers
give considerable attention to the de-
moralization of rates in the West and
Northwest
THE outlook for copper is discouras-
ing, and it looks as if Amalgamated Cop
per would continue to be disturbing
factor.
And still another said:
"Action of Amalgamated Copper seems
as if it will depress rest of market and
that we will see lower prices
AN UPWARD TURN.
Scracely had these gloomy views been
IL
ward turn and was strong all day.
Southern preferred jumped from 81 to
% is, Louisville jumped from 1ot IA to
JOG is. and New York Central, St. Paul
and Union Pacific all made substantial
gains. Copper rose from 60 IL to 81 IS.
The closing was strong at about the
best prices of the day, in some cases
closing bids being higher than last sale
reported. That shows how much the
average forecast of a broker is worth.
Money ruled at 6 per cent. most of the
day.
Tobacco As were active and strong.
and rose from G. ID to g. the last sale
being at Ga.
AN INTERESTING RUMOR.
The Black Diamond says: .'It has de-
veloped in connection with the sale OF
Pocahontas Coal and Coke Company to
N & W. r. R. that the elimination OF
the deal ended what proved to have been
spirited contest for the control OF the
Norfolk and Western ly the same IN
terests which organized the Coke and
Soft Coal consolidation. It is understood
that the Pennsylvania remains in full
control Of the Norfolk and Western
Railroad. so that with the ownership of
the Pocahontas Coal Company, the Penn
sylvania Railroad and it's controlled lines
will now be able to dictate the price and
control the supply not only OF bituminous
coal to the East Tidewater and the
West, but will control the Connellsvlle
and Pocahontas Coking Company
The Produce Market.
The greater quantity of the oranges be-
ing handied here now are from Jamaica.
The prices are good and the sale is eN-
Cellent. Florida oranges are not yet ripe
enough for sale up here. They are shipped
green and are frequently green when they
get here.
Large receipts of poultry are expected
during the latter part of the week. 1t is
expected that selling in this line Will be
brisk Turkeys. dressed, Will sell from
l. to Is cents per pound.
There is an unusual dizziness in live
poultry. Turkeys are worth 8 cents per
pound live chickens bring 81 30 cents.
and hens, S to S12 cents.
Eggs are still scarce and in great de-
mand. They are selling steadily at a
cents per dozen.
Game is coming in in large quantities.
The price. however. does not change.
Rabbits are worth II to Is cents each.
PartridgeS are worth 10 to 12la cents
each while pheasants bring 30 to 90
cents
Butter is selling from Is to is cents per
pound.
Onions are selling steadily and are
b,:-,----~ GO 20 barrel.
Cabbage are selling anywhere from 2H
to .-.I,S per head.
Whole deer is selling at Q cents per
Mound. saddles AT Il TO Ii cents.