The times. [volume] (Richmond, Va.) 1890-1903, 1902-03-20
COLORADO FUEL
WAS The FEATURE
That Stock Makes a Single Leap
Of Seven Points,
But DID NOT HOLD THE GAIN
NORTH American Has Another Sensational
RISE, But CONES Down-Among the
Railroads Atch,sou and B.
& %. Arc Favoriies.

The leader in the stock market yester.
day was Colorado Fuel, which opehIssu o a.
100 and Immediately jumped 70 l am,- Vent
that point, however, it gra tna aioss Ven
down until it touched 1os at the Close ss., .;1o
North American was again very yoi a.,ns
and sold from 1lS11s to lslls' anu then
Tennessee Coal and Iron sympathiCz;ed
with Colorado Fuel and was very ais so1es
at advancing figures. Most OF 1me s S.n,,,
were made between 70 and a. me tem
york fractions were also active, but there
we're no violent fluctuations.
THE RAILROADS:
Among the railroads. Ba4tlmors ; ;snc
Ohio and St. Louis and San Francisco r, CISCO
were the features: Baltimore aht - - !I.s
sold up to lot, Atchison from !o1t 10 -,
and San Francisco gained flsaaty e NV nv,
garded by Richmonders as a nne pu.cn a.;S
at ruling prices. 1t is selling at w.;
which is equivalent to 81, for II VIII sen
ex-2h dividend on the 24th. The stock
IS now on a per cent basis. and ought
certainly to sell at par.
RAILROAD EARNINGS
Southern Railway earnings t1r s.oS5
showed an increase of $50, 153. But the
stock did not so up much on this an
nuuncement. -,
BRANCHING OUT.
FARKERSBURG, w. VA, Marcn !y ..;,7
The United States Steel Corporation VII
folIi and western Railroad, which will pc
doubled tracked to accommodate the erat-
~ CONSOLIDATION EXPECTED.
The New York Tribune OF yesterday
says: Activity in American Cotton IN ana IN
in Virginia Carolina Chemica!: at a ao
vancfnC prices, revived expectation OF an
Impending consolidation of these Gompa..
MES. A certain degree OF prooap lllts oi
such an outcome was impaired by ths ar
rival in New York of S: T. Morgan pres
;dant of the Virginia. Carolina Chemical
Company. -,>-,,e.
n. & w. PoCAHONTAS JOINT BONDS:
The same paper also says; Is Ho ddS OF
Blair & Co. certificates for Sc, 0co 600 Nor,
folk and Western Railway Company anu
Pocahontas Coal and Coke Company JOINT
per cent bonds are informed that the
firm mentioned is prepared TO denver tne
definite bonds upon surrender OF the certlti-
Gates Registered certificates should pc
properly assigned in blank. Out-ot-toWn
holders of certificates are requested to
State whether they wish bonds forwarded
SOUTHERN IRON.
The New York Commercial OF yester.
day says: 1t was learned. to-day that
Southern producers of pig iron are con
sidering the question of a further al
vance in the price Of pig iron An adj
be agreed upon. Representatives of. a
number Of the largest pig iron producing
concerns, it was said today, Will meet
in Birmingham this week to tax" formal
action. An official of one OF the largest
Southern companies to-day declared that
it was impossible to purchase Southern
pig iron on basis of s12 ton tor No :
Foundry birmingham. Whether or not
an advance in the price of Southern pig
iron will influence higher prices in the
West and East is a question that cannot
be answered at this time.
The South is considered an important
factor in the iron situation. the State of
Alabama alone producing something like
s per cent. of the total annual production
of the United States.
AS a result of the extraordinary demand
for pig iron. many thousand tons are now
en- route to this country from Europe and
negotiations for many thousand tons more
are under way. Wood Bros. & Co. CT
Philadelphia. have placed orders in Eng
land for from 10000 to 5000 tons of ''waS-
rants" simply as safeguard against
rise in prices here, and delivery of these
orders will begin soon. Rogers. BrowE II
Co. are now unloading cargo of h.o2G
tons Of English pig iron. and are negotiat
ing for 1900 tons of Scotch pig iron. 1t
was said to-day that foreign pig iron
could be laid down in New York or Bos-
ton at little less than so a ton.