The times. [volume] (Richmond, Va.) 1890-1903, 1902-05-30
STOCK TRADERS
TAKE HOLIDAY.
There Viii! Be No Market Until
Next Monday.
TRADING DULL YESTERDAY
But the Market Was Firm In Tone and
Traders Hope to See Better
Prices Next Week = The
Close Was Firm.
TRADING DULL YESTERDAY

The stock market yesterday was again
dull and there was little disposition on
the part of traders to purchase. On the
other hand, there was little disposition
to sell, and so transa cttons were few and
fluctuations within narrow limit.
There was some trading IN Canadian
Pacific. and the stock made substantial
gains on the days transactions. Reading
was also quite active and went up above
Ga. Norfolk and Western and Chesapeake
and Ohio did a. little better, although
transactions in these stocks were few
Union Pacific was strong on the state
ment of April earnings. Gross earnings
for that month increased sS2l, 6S6, and the
net increase was s136.242. The earnings
of this road have been steadily lncreas-
ing for some time past. and IN anything
like a bull market the stock ought to sell
very much higher.
A LONG HOLIDAY.
There was little trading in the lndus-
trials, although they were all firmly heie.
The New York Stock Exchange will be
closed to-day and again on Saturday, so
there will be no market until Monday.
For that reason traders were disposed
to round up their accounts and hold Or
for intervening developments. In the
meantime peace may be declared in South
Africa, and there may be some signif1-
cant changes in the strike situation.
London bought 10000 shares of stock
Yesterday. which would indicate that
Some of the Richmond traders believe
that there will shortly be a movement In
the stocks of the Colorado and Southern
Railroad. These stocks have been very
sluggish of late, and the first preferred
has slowly eased off until bulk was sold
the other day at 20. The road is making
good earnings. however, and occupies
what the traders call a strategic position
There is current belief that sooner or
later there will be some sort Of a deal
between that road and the Colorado Fuel
and Iron Company.
A POSSIBLE DEAL.
In this connection the following item
was sent out yesterday by well known
Wall Street concern:
THE rumor is again current that event
ually Colorado and Southern may turn
up in control of the Colorado Fuel and
Iron or that in some way matters may be
SO arranged that all the tonnage of Colo
RADIO Fuel. the greatest tonnage producing
concern in the West, may go to Colorado
and Southern. The Importance to Colo
RADIO and Southern of such an arrangement
would be very great and would at once, 1t
Is asserted. put that system in position
Of great strategic strength.
sit is generally understood that the pur-
chase of the Colorado and Southern was
made by the Hawley interest on account
of its strategic position. as the road, it is
claimed, might be used to advantage by
Union Pacific. Atchison, Rock Island or
the Gould system. SO anything which would
tend to improve this strategic position
would be likely to receive consideration
"N1r Edwin Hawey when asked for
the outlook of a deal between Colorado
Fuel and Iron and Colorado and South
ern. replied:
/" Something of the kind might happen
They are both good properties. and a
deal between them should be of mutual
advantage.
The market closed firm at about the
best prices of the day.