The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-28
THE SUGAR WAR
IS SETTLED.
And Sugar Stock Makes Another
Gain inPrice.
WHOLE MARKET WAS STRONG
Rn.o Per Gent. MONEY Toward the Close
Was Hint to tIe Bulls TO Be
Conservative chemical
Go.s Higher.
WHOLE MARKET WAS STRONG

There was confident tone to the stock
market yesterday. and more gains were
maze by a number of stocks. Sugar
again took the lead, closely followed By
Analsamated Copper. The advance III
Sugar was due directly to an advance of
ten points in the Eriec OF refined sugar
and it was understood that the conflict
ing interests which recently threatened
to make war upon one another. had come
to terms. Sugar sold as high as IL, out
easeG Off before the close. AmatCanlated
Copper sold 4. Il IL. which is about te:.
points higher than the lowest record
price.
One OF the features yesterday was Viz
gnia-Carolina Chemical! It was an
nounced that Sl5.ss 400 additional COMMON
stock of this company had been listed On
the Stock Exchange. After this announce
ment was made there were several large
I, blocks of Chemical common sold at from
81 to IS IL, and the preferred. sold up to
I2i
THE RAILROADS.
Among the railroads st. Pau. LED j.. the
advance, but A.chison. Pennsylvania.
New York Central and Union Pacific were
all strong and some of them quite active
Southern Railway preferred sold at q anu
seemed to be in good demand There was
a marked improvement in stocks of he
Colorado Southern Road ana it IS ire
dicted that they will sell much higher.
Chesapeake and Ohio and Louisville :iyid
Nashville We're not much changed. Nor
folk and Western sold as high as s..
The reports for the third week in Decnrl-
Der continue to show marked decrease in
earnings. Southern Railway decrease,
SAL So; Chesapeake end Ohio. 1913. 500: Big
Four. s39, ;@s63; Toledo and Western sSI1I.
It seems to be the general opinion, how
ever. that this falling of was due to the
exceptionally cold spell during thar week.
At any rate the reports did not seem to
have any marked effect IN stocks. espc
ciallY In the case of st. Pail! and South
ern hallway.
Tho Union Pacific annual report shows
surplus after dividend of S5,lIs,Slj. al in
crease OF s%3f.2I5. 7 he -otIl s,rIfns
SS6, after 6educting S..5rl :tG@ for
betterments. Surplus June Goth was S15,-
S444s,96s.
GROSS AND NET RETURNS.
The New York News says:
The following compilations arc from
official reports made directly to TIE New
York News Bureau:
For The third week of December the
gross earnings OF fifty railroads Amounted
to s1o.24,0,7, against 1886, ri n the cor
responding period last year, an Increase
OF S677%52 or 7.05 per cent.
For the htird week of !jeceInber the
gross earnings of thirty railroads amount
ed to s5,49l,7. against s6rW...G IN the c',r-
responding period last war, Il decrease
of s2o5,941 or 3.07 per cert.
From July list to December Est The
gross earnings of thirty railroads amount
e;. to SIS 4S0T14, against $50. iS9. SEQ in the
corresponding period last ysn-, an IN
crease of s15oiO,914 or o.37 PEI cent
The gross and net earnia 3 of sever
teen railroads for the month o. Noteni-
Der were as follows:
Gross earnings-19O1. Sl3, IS 12S; 1900, SILL
144. 1853: increase, $l,513,665.
Operating expenses-190i, SS,51s 1S9; 1900.
81, 1853; increase, $5Gl.6lo
Net earnings, tota!-l?tl, "a. iS9,9s9; l3oe'
IS, les JCO; increase, s95f,9S6
The gross earnings increased 1890 per
cent; expenses increased 1.t5 per cent.
and net earnings increased %. per cent
From July LIST to November 10Th seven
teen roads report as follows:
Gross earnings-ls0l. So, sss, 1s1; 1900, 49,
665 46S: increase, SI,1,3.S2l.
Operating eNpenseS--l50l- s42,l4S,osb; lJoo.
s39 554.524: increase, $2.59t,3l2
Net earninss-18G1. s2t SSJ,e91; 1850. w.
1852; increase, S4,oIS,s49.
Tho gross earnings increased l2.V2 per
cent; expenses increased Cos per cent.
and net earnings increased Ell per cent.
MONEY.
About $50 the money rate was moved
I'D to- s per cent. and later to per cent.
This semed to have Il Soldering effect upon
the bulls Stocks were not sold down, oit
closing bids We're in many Instances ND
terially under last recorded sales. -iccord-
ins. to the New York News:
The known movements of money tur-
rished by the banks that are usually the
largest receivers and shippers from ana
to the Interior show receipts OF :5.523,H,2
and shipments OF S1,5l1.6Co net sni'. 81
s1.s11 49,. Last week the receipts by d.
rect express were So, 6g2, 957 and shipments
ss,C526c5, net gain in that week OF
$3.50, 33552-
The sui,-treasury, up to the close OF
business THURSDAY, had gained from the
banks s., eco, leaving an apparent de-
crease in cash from the known move
ments of s22 2as.
The produce market is rather dull dur
ing the Christmas holidays. Ihe folhme
OF trade, generally speaking. has Gwindieu
down considerably. and there Will not pc
much activity until after the first OF the
There appears to be a very decided
break in eggs They are selling. now at
% to "A cents. and will probably fail
lower within the next few days.
Sugar Advanced.
(Ry Associated Prcss.)