The times. [volume] (Richmond, Va.) 1890-1903, 1902-01-16
BRIGHTER DAY
IN STOCK MARKET
Prices Were Decidedly Better in
Yesterdays Trading.
N. Y. cEN1RA 10 ISSUE sTocA
Aud Holders viii Have First chciee-A Runor
about American can = tobacco
bon.s Are ii better
usmaad.
N. Y. CENTRAL TO ISSUE SIOCh

Tho gloom which hung over the stock
fi.fnet Uit Iueautty Disappeared ytstrt-
Gay, AKA trauetS Oh Sue weie
urSitieetty more citeetsul. Ine -natsNst
pRtted at Prices Synetsiiy MS ner siis.it
Tue Closing ptLcSS vi INC uay oeLofe, ana
NnIio Was some utl1t; reaction Gtir-
tIiS the INST fUur. FROM mat liiEe ON the
h:dthSt MitS StfOitS iiilI i1etLriy All StoCt>5
tart1clpdeeu III tAe auytti.ce. me IItose
IuISit eng piece Ui news or the usIy was
Ine folowIug:
: ra u4seve0rs of the New York Central
after 1Heif meeting TINS morning nIaue
l,tipilc 1t statement tieplUring the slce.uenC
on january otn III Iue r-;.lh Avenue t.IIl-
tel ana o1eflnS inc deepest syinpatny for
the sufferers aIiu ..-~lc 1.ttIti2.eS- i ne
company now coEnrmlnS the statements
ntaue from tune 10 LilIc tnitI II mas DeSii
preparing pIttIiS Tor tne enlargement OF
The 1ac.ntics or the erfanu central sta
ton ana ch;tases II. the method OF using
the lark Avenue Iunnci so as TO meet
the demand OF Il constantly increasing
traIfic The best method OIL Improvement
anu the one the company desires the
lnpSt. Wott,I te the aoonuon OF the ttiEl-
mel and substituting Ior 1t an open cut.
his has been Impossible on account or
pubic opposition.
~ resolution was passed that the
Board OF directors snail have the power
u issue and sell or dispose OF the re-
naming $tf,io0,eVn of stock at such times
and & s&Ch prices as the board may
deem desirable. but when issued the priv
! iiege shall first be offered TO stockholders
OF subscribing Tor same at such price as
| The right to subscribe for the new stock
! will terminate May 1st, and payment for
the amounts subscribed snan be MADE
| May 18th and certificates of stock for the
amount SO paid shall then be issued,
which stock shall be entlued to receive
| all dividends payable after April IL; 18TH.
WHO MAY PARTICIPATE.
| It was further resolved that stockhold-
| ers be entitled to subscribe for the
| amount of stock mentioned at SD per
| share TO the extent OF - per cent of their
"a
stock books at the close or business
| March 31st. This caused u sharp rise III
| New Y oIk Central.
| 1t was given out that the entire issue
Of Atchison debentures had been taken.
and the Atchison stocks were quite, actiE9
at advancing. prices. Union Pacific anu
Southern Pacific were also among the
| active stocks, the former making q neI
| gain of one point for the day. steer
! stocks and Copper parucIpate4i IN III .s IND
| four points higher than the lowest poln9
reached on Tuesday. Louisville ana
| Nashville and Southern RAILWAY Were.ll
| better demand the former closing neaIiE
a point higher than the day before: Ihere
vas little trading in Chesapeake ana
OHIO Shh and and NorfoIlz and Western Sea
! boards We're dull but . per cent poii"'
| We're quoted at 1925. r.,,oo
There was a sharp advance in Glucose es5
| Oh a runlor of consolidation WIN tne
| National Starch Company, pul lliH '.i''oA
Money was still easy. and it was re
! ported that the sub-Treasury NAG iosS ~
| the banks since last Friday the shuS
| sum Of 50. 1913 coo. ,5
The Illinois Central directors declared
the regular semi-annual dividend OF .
- AMERICAN CAN.
| The philadelphia Press prints the ioi-
| lowing:
NEW YORK. Jan. IA syndicate is
being organized in Wall Street to float
! a rival TO the American Tin Can Com
| pany which is owned by the Moore
| Brothers. of Chicago. 1t is understood
| that the new companv IS TO have a capi-
| tai stock of S100 G00-G90 and IS to be or
| organized in New Jersey. 1t is beleFeo
| that it has the backing OF the United
| States Steel Corporation and VIII DC an
| adjunct of the American Tin Plate com.
| pany. which the United states steer
| Corporation bought from the Moore
! Brothers.
About two months ago the interests be-
| hind the American Can Conlnany tried 10
| sci, their stock to the Uni2st States steer
| Corpora ton. Mr.. Morgan declared tnat
the nricc asked was too high The ,s
Of the annual product of the American
! Tin Plate Company. and after Mr. MOT
| gan's refusal to buy control Moore
| Erotllers are said to have told ann tn<ie
| thew would make their OWE Mate.
/ TOBACCO BONDS.
| The New York Tribune says: The
! per cent bonds Of the Consolidated TO
tacco Co were bought in large blocks.
| Much OF the buying was sait 20 Dc Jor
prominent interests identified %ith the
| ton If these bonds for Some time, ana
| this fact. together with the buying of the
i stock of the American Tobacco Company
| at high prices. is considered i.StSnlfcant.
Both the American and ContinghIal = 10, q
haccn Companies arc conroilcd by me
| ~: n6 Germany.