The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-31
STOCK MARKET
RATHER DULL
Money Rate Was Stiff and Traders
Were Cautious,
BUT THE TONE WAS FIRM
And Some Stocks We're Higher, Notably t:,s
CoaIers-gailrcud Reports ior
Eoyembcr We're Very
FoYoratis.

Tic stock market yesterday was rather
Gull, but the tone wa; arm. ANA white ot.
l'lul, Missouri faclfie, Union faciiic ana
some Others OF the raiiroad stocks We're
ulsposet to sell off. notably missouri
Pacific, net changes Tor the worse in most
OF the stocks. both railroads and INDUS
OF keaGins' ana the Coalers sener;liy,
there Was gain. Reauins was Very
strong, using rom the opening pricu,
highest aucuL four points IN splte "f me
accident on the Chesapeake ana ONO that
stock was strong, and closed DIT III Is,
which was higher than ;iny sale curing
th3 day.
The chief factor in Yesterdays market
was the money rate, which ranged be-
Meen and l.. per cent. Tor call loans
In view OF the stiff money rate tn.
market held up wonderfully Well
THE MONEY SITUATION.
On the monetary situation the New
York News says:
The collections on Its own account are
usually large at tEs1cnd of the year and
the Government interest due january
having. already been anticipated, the gain
from the sub-Trcasury by the banks of
s., I,;l 900 up TO the CioSc of BUSINESS on
Saturday, is entirely attributable TO The
payments on account OF the Government
bonds delivered by Il prominent lny:.,=-
mont house here on Saturday. III add
ton. the sUb-rreasury was d5btor at the
Clearing House this morning Tor Sl9i, 'Si.
The gain il lawful money of Si,tHu,iuu,
shown in last Saturdays bank statement.
was due 10 the extent of about two thirds
o. more 10 the returns from the local
holiday trade. The balance may be fair
ly set down to receipts of cash rom OUT
of-town by banks in this city that do not
usually figure in the interior movement
of funds.
Money was distinctly firm to-day on
call, and for the tine being rates are
nominal at 0ft6 per cent. .or thirty days
to four months Cali money loaned up
to l. per cent, and was not easily oh
approximately three AID thrca quarter
millions below the reserve showing -
this time 4 year ago when the sub-Treas-
ury, in addition tn the Government inter
ests. was disbursing considerable sums
In payment OF premiums on bonds turn
ed in for redemption. In banking circles
It is not expected on January ISL nlter
est and dividend money will be returned
to any large extent to the regular none
tary channels before The middle of next
DcctcG to be in plentiful supply.
GOOD EARNINGS.
The reports of railroads for November
were encouraging. The net increase on
the Georgia Central was $4,000; ono
Central, S11,6GI: Southern Railway, S1i.
80 and from July lst. $2i3 500; st Paul.
SGS.015 and from July list to November
30th, S625,490.
An otricial of the ST. Paul road is quoted
as saying that he does not look for an
other decrease in earnings he says tha'
the losses for the third week in pecemoet
grew from the bad weather, when grain
loading fell off more than 30 per CENT. re
says. also, that the hauling canacitF OF
locomotives was cut down iuils . per
cent.
The Rodgers locomotive Works, OF
Paterson. n. J.. have received the Hollow
ing orders for locomotives:
From the Chicago. Burlington ana
Quincy Railroad, 20: from the docki,S
Valley Railroad. 20: from Detroit south.
ern Railroad .. and from the Central o.
Georgia, s. Total, 90,
AN OPTINIS'T'S VIEW.
Paul Morton. second vice-presdent OF
Atchison speaking of the present coIidI-
tor of the roads traffic, is qnG ,W az sd
ing. II believe Atchison VIII sho" I
comfortable increase on earnings Tor the
wear to end June 80. 1902, over the eafn-
inCs OF last year I see no indications ar
q let UP III general prosperity, i'll, ~
Western people are new IN Il POSITION
where it takes more than enc crop fall
IRE to bring disaster Considering the
fact that we cannot get sufficient equip
ment to handle the business now oiierea
10 us in the face of n corn crop iaiipFe,
it is evident that it would nave cesn =
n;vsical imposslhii.y TO handle the pusi-
ness had we had {, normal crop TINS SeAt.
We are working hard to- overcome or
shortage in equipment. We have sen
600 worth of locomotives ordered. put ei.e
equipment manufacturers ca.la'o ., ns5 :, ~
meet the demands made unon them
COLORADO SOUTHERN
Colorado Southern stocks were aSnin
strong yesterday. and IT IS said that tiie
movement is based on the very Larse
earnings of the company. and the conf
dent expectation that these will not only
continue. but will increase at much
larger rate than in the past It IS ne
lieved that the November net easi'lss
vii, be S:;1-:; per cent. lar~er thar last
wear. Tho renort Is ot1t that Tennessee
Coal and Iron vii! be put on per cent.
basis at an early date.