The times. [volume] (Richmond, Va.) 1890-1903, 1902-07-26
sharp movement
IN STOCK PRICES
Dealings in Some High-Priced
Issues Was Heavy.
REALIZING LARGE AT TIMES
This Took Place in Stocks That Moved
Upward To-day, or Had Previously
Acknowledging irregular,
With Few Stocks at Top

The stock market yesterday was more IRE
- I Iess se uervolIs. but it was strong ana
active from begining 70 s,u Union Paci-
fc St Paul. Missouri Pacific ana LoulSs
vile and Nashville. It was as, 1 Il ,hat s.
stated in this review ye h,sh as 1876 The
sr go, r nacurred in confusing the common s;
and nreferred stock The preferIea s uru
sell at. the figure namsd for the common
u nss 1SS Since that time the stock mas =
sold 30 points lower. but yeste ~ isos !.
broke the record and went up 80 - Psn,
1t was predicted last , YEA nrediction was
5asain made in yesterdays traolnS.
Missouri Pacific was strong ora, On tb, e1e wear
port that the fine cor corn &c er earn at least
IN ner cent on it's stock Atcnison
Itrength was also due to the favorable
crop reports. DOOM
Louisville and Nashville had the appear,
ance of rising in spite Of an e1o,t 20 ho ,'t
it down. 1t opened IN Lonoon a. IL, re,,t
up to 145la then sold down to i5SH f. tn men
ductuated between that point and lao. aud
finally closed at 145l.. 80 ,,,r-
Iy strong in sympathy with Louisville.
as the impression grows that some move
nent Is on foot to merge the southern
roads. ,-,;,,s
Chesapeake and Ohio also enjoyed a sup
stantial rise. For the third week IN July
other hand Norfolk and Western earnings
Increased 1882, but there was no rise use
n price Some of the Richmond brokers' brokers'
and traders however are ea very Hsev pui tha1
on Norfolk and Western ana oeliese TIA.
1t will go much higher.
During the afterno9n the S tbeIa vs ez
good buying of number of stocks Inc
Strength in the last hour was thought
to be due somewhat to the expectation n
Of a good bank statement to-day. 1T Is
said that in spite of the expectation or
gold the banks have gained during the
week nearly s2,cO0O00 in cash. 1t is not
known, of course, now the loan account
Atlantic Coast Line again broke the
record yesterday and sold at 10 Coast
Line of Connecticut br3 OK us res rseora aio
sold at 2SS1a Later on 29o was nid tor THIS
stock and none offered.
There was a sudden movement yeSter-
day in sloss. common numoer OF PIG
York were that none was to be had AT
the close Of the market &c was bid
CHESAPEAKE AND OHIO.
The New York Commercial Advertiser
The chesa peake and Ohio Railway Com
pany like the Norfolk and Western. has
grown tremendously. in the past decade
It's gross earnings have nearly doubled
in that time, as shown by the following
table:
1871 o.L-1 ,1lh
1896 luZ-i-loi
1901 12s go 5di
The increase in gross earnings for the
fiscal year just ended is Sl.12l 1853. The
income account for the year ending June
80 1901, was as follows:
Gross earnings -.-...-.....-----... Slo3i,oI
Operating expenses ......-........ 1855, $50
Net earnings .....--.............. 500, 81
Other income Observation-Disclosures. jag. 925
Total income -.-.-..,..-..-.....-.. 300. go
Interest, taxes, etc. 1856, to9
Surplus 2.O0i,59i
The net earnings for the fiscal year end
ing June, 1902, are not yet published but
the company reports net earnings for the
first eleven months of this year of s5712.-
2SS. The company earned June 1901 net
s544. ZOE. By combining this amount with
the amount reported for the first eleven
months it will give net earnings for the
year of s6,256 800. an increase of s451. 329
over the preceding year. Assuming fixed
charges are not increased. this will leave
net earnings applicable to dividends So
452. 600, or &c Il to "A per cent on the
present outstanding capital stock of
$50, 53333, 400