The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-22
P AR1'LY RALLIES
FROM THE BLOW
The Stock Market Did a Little
Better Yesterday.
COLORADO SOUTHERN LEADS.
Th. Bank Statement More Favorabls 1han
Expected, Causing Better Feeling.
No S.ss!oa Of the stoei
Exchange To-Day.

The stock market opened yesterday WIN
nrices in most cases about on level
with the closing prices OF the day before
but in some instances lower. Inc La
was weak. and showed that it had not re-
covered from the severe blow WHICH
ident Roosevelt SO cruelty dealt II OH 'he
day before. But as the session wore w
the tone became better. and hetore TUG
day was over prices were conslderaois
higher. Various reports were sent o ttt
the wire concerning the suit against ths
Northern Securities Company: ono "
which was that the Nlorsan-Hill people ,,,.
were not at al! apprehensive rssar .snr,
the outcome of President EooseEel.
test" insisting that they had not VIC
lated the Sherman act or any other act
THE BANK STATEMENi.
About eleven thirty the pann Ssste, ,,ore
came out, and as it was somewhat more gre
Favorable than had been expected, inns
helped the tone. The bank stateineht
showed only a. slight decrease IN C iisl
had been expected Loans increased 81
752, 500 and deposits increased $tEfo,-vo'
causing a decrease OF 81. zoo In the sur
plus reserves. The surplus now stands at
ST. 456 $50 against 675 last year sl9.-
6IS.5 $50 in 1900 and $50, S3i,90O III ls'9. MONEY
was easy, and loans made yesterday 20
over until Monday. There Will pc no SEES
sion OF the stock market to-day, as the
patriotic traders will observe Wash1rs
toms birthday anniversary.
COLORADO LEADS.
The leaders in yesterdays upward
movement werc Colorado and southern
issues. They opened low, but there was
d gain OF about two per cent for the
common and second preferred and nearly
as much for the first preferred before the
session closed. Tennessee Coal and Iron
was also u strong feature, as was Steel
preferred. There was no dealing in Sloss:
There was a sensational rise of several
points in Chicago, Indianapolis and Louis
Vile, one of the inactive stocks, No rea-
son was assigned Norfolk and Western
and Chesapeake and Ohio were Inactive,
and there was little trading IN noulsV,le,
to participate in the general advance.
Union Pacific was vcsy weak at one time,
but rallied and steadied at about yester-
days closing figures. The. preferred was
strong, selling almost as high as before
the Roosevelt blow. Copper and Sugar
showed little change The wires of the
on account of the sleet and no quotations
were received from half-past two to three
o'clock.
AN ILLUSTRATION.
Some of the Richmond traders were
talking yesterday about the absurGlty of
the contention that holders Of Northern
Securities shares can be made to surren-
der them and receive in re-exchange their
railroad shares. They said that in many
cases it would be difficult to trace these
shares back to the original holders. TT
reminds me. SAID a member Of the Vir-
Ginia Legislature. "of story they tell
on an old gentleman in my town. Upon
a certain occasion he sold quantities of
garden seeds to his neighbors under the
guarantee that they We're good. But after
planting. the seeds proved to be worth
less. and some of the purchasers returned
and filed complaints. The old gentleman
received all such in the most amiable
manner. assuring them that If they would
only return tho seeds he would chcerfuIlv
refund the money. He insisted that a
man could make no fairer proposition
made a further advance. 1t was renorted
that Street & Norton and the First Na-
tlona "a. Bank people We're large purchasers