The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-13
MARX
At THE CLOSE
Profit Taking and q Hardening. III.
Money Rate.
SUPPOSED 10 BE The CAUSE.
Coli Exports Predicted Heavy Railroad
Earnings Louisville ard Nashville
|G ~ ~ # I., rEH'I ' 'lr| N
SUPPOSED TO BE The CAUSE,

4lIS STOCK NldEkeC opened Strong ScStes-5
day, but it was not long before there
were unmistakable evidences of profit
taking, and although the offerings were
readily absorbed, the market grew weaker
as the session wore on, and toward the
close it was weak. The significant devel-
oprnent: OF the day was the advance in
call money to per cent. Sterling ex-y
change also hardened and went up to
iS1 L., a new high record rate for the
season. There were no engagements of
gold. out such engagements are looked
for Tomorrow, and as the surplus 1e-,
serves are already at al 1nconr. ortably
low figure, the money question again a:'-s
comes an important fact,r ii tie stock
market
LOCOMOTIVE ACTIVE.
One of the features in yesterdays trad
Ing was Locomotive, common and IRE
ferred, both Of which had sharp adj
vance, the common going ,rp to 81 IL and
the preferred to SIS 1-S. x New York man
telegraphed a Richmond broker yesterday
that, according to his information, the
American Locomotive Company had
booked orders for It's entire capacity for
the year 1902, and that the common stock
was going up to IS. The Richmond broker
replied:
Il understand that the American Loco
motive Company will make, during the
next year, about 1,701 locomotives, on
which the profit will be $1,000 each. This
is equivalent to per cent. on the pre-
ferred and about Z per cent. on the COM
mon.''
The New York Times says that officers
CT the American Locomotive Company
are quoted as saying that the capacity
of many plants is to be doubled, includ-
ing those at Schenectady and Dunkirk.
There was considerable trading in the
Richmond Stock Exchange yesterday, and
about a dozen different sales of Chem
ica common made at prices ranging
from G5 down to 60 II.
BIG EARNINGS
The railroad earnings continue to be
enormous. For the first week. i'll Novem-
Der st. Paul reports an increase Of s16.-
40; Southern, Railway, $50. 765: Wabash.
so5,Go3: Chicago Great Western, s2I.a23:
Louisville; and NashHille e., sSI.145. "a spe-
cial to the New ork News from Cincin-
natl says:
The securing by the Chesapeake and
Ohio OF the Kinon Coal Company prop
erty, in this city. for sl25C00 cash and the
assuming of the s2G0.GC9 five per cent.
bonds, which, ma ture in two years, is but
the beginning of the acquiring OF a large
amount ofasimilar property aiong9th
Chesapeake and Ohio hallway by that
company. Il The property in this city is
tSpesidllSa 1Ases5 q So 81
river frontage. exceedingly good elevatins
capacity and q. capacity Hor handling go
cars oftcoal a day. It is stated this ca
/ pacity will be increased to 80 ears daily
Immediately His
LOUISVILLE MD NASHVILLE
Messrsn Scott and Stringfellows' OF this
city. have issued an Interesting fcircttlar.
comparing Louisville and Nashville with
7 st. Paul. The earnings of the two roads
for the. fiscal year ending June 80, 1901,
were as follows:
St Paul T. & N.
Gross earnings:...,..... s42,3e9, OLE ,0e2 POS
Operating expenses,
irc.udlng taxes........ ol,s11,oB l9,N69'l
Net earnngs........ s14,391,5O9 sS,975,s35
Income from other
Gross income....... s14,Sss.1 91 $3.50 s23
FIXED charges, etc.. 6,as3,0So Dbl, 1856