The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-06
STOCK MARKET
DULL But STRONG
Tendency Of Prices Was to Ad.
vance on Small Dealings.
UNDERGONE SATISFACTORY
Engagement OF Additional Gold for Export
Did Not Affect the Market Among Rail-
road Stocks = ST. Paul Was
the Leader.
UNDERGONE SATISFACTORY

The stock market yesterday was not
wide nor active, but 1t showed strength
all along the line, and there was an I'M
dertone which was generally regarded as
satisfactory. An additional $4,000 gold
for export by Lazard Ereres, making a to-
tai of Si,250,000 SO far engaged for export,
did not affect the market. as the specula-
tors are now learning to take a more sem
sble view of the slight interchange OF
gold between the nations to settle their
balances.
Among the railroads st. Pau! was the
leader, selling up from l63ta to l591s.
Southern Pacific was strong, opening at
Is and selling later up to 6i5s. This stock
has been receiving attention. and is being
traded in, both on the London and New
Amalgarnated Copper was Irregular;
opening at 1874, it sold as low. as 125s and
Ra6s a5s ss t. III t s01 rse dt cos
per itself will go lower. This, taken with
the general uncertainty in tho market. and
the bear drive made against copper on
this stock Irregular and uncertain.
Louisville and Nashville for the six
months ending December 51st 80. showed (; a
decrease in it's surplus of S93,ei@. with
an increase for the fourth week of jan
uary. of $l6.7G3. This road has. Just sold
the Cecilia branch to Illinois Central for
$10O000O cash. The latter road has been
operating the Cecilia branch for many
years, and under it's contract with Louis
vile and Nashville had all option to take
the property at this price and mas now
exercised it's option.
The gross earnings for the Colorado and
Southern for the fourth week in January lar
uary tho increase was A6.T6S; from July
1st the increase was 1891, 6a. This stock
continued strong on the expectation OF q
per cent. dividend on the first preferred.
The North American of Philadelphia
says that a syndicate has been formed by
the Whitney Widencr, @Eilkins cOnlbrla-
ton to lease the metropolitan Railway of
New York. The new company viii guar
aHtee an annual dividend OF per cent. on
the stock and the shareholders OF the Me
tropotitan company viii have the right to
subscribe to 600 of the new capital
at par, to tho extent OF % per cent. of
their present holdings. Kuhn. Loeb S Co.
have underwritten. the entire issue. De.
spite this bull information metropolitan
reacted on good Droflt-tahing, closing at
III.
Express stocks were strong and active.
the American Express Company's stock
selling at 2l6 md the United States tiN-
p;tnies admit that business is very pros
porous. but deny that there has been any
large transfer OF cypress stocks between slf
these companies said, according to Dow.
Jones &c Co... that only q small amount of
stock OF each express company was held
BY tho other. which holding was merely
as an investment.
For December Rock Island showed Il
decreaS Sc OF. $41 ,569 in it's net earnings. For
the same period st. Louis and San Fran
cisco showed a decrease OF $50. 55t This
is attributed to bad weather. which large
~ increased the running expenses For
January tho Big -Four system handled a
total of 1915 passengers: an Increase OF
% 76J over January Of 1901. The loaded
cars also showed an increase over Jan
-uarv, 1901. CT Il, 1856 cars. Tile surplus d.
vidends for six months December u. 19Ul,
Of the Atchison Railroad is $S.ieS,alV
There was moro activity than for some
DAYS in Can issues. The preferred sold at
81 and later 200 shares at So. Can common
was quoted at 144s661fFs Seaboard Securi-
ties were inactive and practically uTl-
changed Common, 259G25l.; preferred
l6t44l7; As. Sli4@St2..
The local market was Interested in the
Chemicals. common and preferred, the
latter selling a 122, q few shares going
as high as 122ts- The. stock is being
bought, 1t seems, fot Investment, and
there is not much of IL being offered. At
i33 Is the stock would pay s per cent.
Chemical common sold at 81. there beng
not much trading. Virginia Centuries sold
at 99H and seemed to be a little stronger
than yesterday
Tho Sloss- Sheffield Steel and Iron Com
pany shipped 1900 tons OF iron In jan
aury, being the largest monthly shipment
the company ever made. II earnings con.
tinue throughout the year on the basis OF
January returns. they viii snow some
thing like per cent. on tho common
stock An official says that sl2 ton Is
dications that prices will remain firm and
Iar nd