The times. [volume] (Richmond, Va.) 1890-1903, 1902-01-01

The YEAR ENDS
vi TIL GOOD TONE
Stocks Were Very Strong in Yester-
days Trading.
.sfsd s.4,iaIlf77fcs .s9ae..ss1ssE
In SPITE OF HIGH MONEY
Tic Rate Went Up to Fifteen Per Cent, but
Traders Seemed Confident and
Prices Generally We're
Higher.

The last day of the year saw the stock
market in good conuil.on, with bull senu-
ment prevailing. IN spite of the very stlfr
money rate. Money ruled from 10 to ID
per cent. during the Gay, the last rate
quoted in Richmond being u per cent.
Inc banks have been ealing IN loans in
order to meet to-days DISBURSEMENTS,
! and that naturally caused the rate to so
up on the .ast day OF the year. But TINS
was Conc without any dIsress IL any of
the traders; and although 1t was freely
predicted some time ago that there
would be a money squeeze before the end
of the year. by good mana cement and By
q conservative course on the part or
spectators, the crisis was passed viii
out any serious difficulties. Money Is
now moving from the interior toward
New York, and as the immense sum
money. which will be paits out to-day in
the way of dividends and interest. Will
soon in great part md its way lack :nto
the banks, the money market Should IN
a little while be entirely easy
IN SPITE OF ALL THIS.
1t was to be expected that with money
at from 10 to IS per cent, With disastrous
floods in the South and West, with an
other Injunction suit against the North
ern Pacific Railroad Company with an
attack upon the Nirginia-C Carolina Cheml-
cal Company in South Carolina. t!.. stoc--
market would be adversely affected. But
the marLct was strong ana broad
stronger and broauer than it had been
for some time past. A NUMBER of stocks
made substantial gains, and the advance
was not confined to any one group.
The railroads and the industrlals were all
higher, and at no time during the day
die the markets develop any weakness,
except in the case Of Sugar. at one time
that stock sold down as low as III Sd,
but rallied to III and a 1rac,.e.I. Copper
also showed a disposition to sell off. but
not for long, and was finally h-gner than
on the day before.
THE T.AvORITEs.
The Reading Railways net increase Tor
November was sl53,I5S rnat stock was
still a. favorite il. yesterdays tracing.
and there was a sharp upward movement
in Erie which sold as high as 43 5-S.
Norfolk and Western and Chesapeake and
Ohio were also in good demand, and
| Louisville and Nashville ARA Southern
preferred were higher the former self
/ ing at l07 3-s, the highest price for the
past several weeks. Steel stocks were
strong and more active than they had
been for long time, and The preferred
sod UP to 90 3-s. Locomotive preferred
sold at &c, 1-2, and American Can was de-
cioeGly. better.
COLORADO SOUTHERN.
Good reports come from Colorado
Southern. It is said that the November
statement of that road will show a net
increase of over $4,000, being a gain OF
something like 33 Is per cent. 1t is fur
Their stated that the company has more
business than it can handle. with no
diminution in sight. Tne first preferred
is now on a 8 per cent. basis, and it is
predicted, that it will be put on a 4 per
cent basis in the spring, giving The sec
oIid preferred a choice.
SEABOARD BONDS.
The New, York News says that it is
understood, =. good authority chat steps
Rave been taken which VIII result III the
listing zof SeaboaTd Air Line bonds on
the Stock Exchange within Il month. but
that listing of the stocn is considered I'M
probable at least for some time to come
There seemed to be some proht-taklng
nofore the close and there was some
recession from the best prices OF the
day. but the clos was firm. There w.il
BE no session OF the Stock Exchange TO-
lsF