The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-10

LOUIS 'vlLL TAKES
AN0'I'H 1 ]. JUMP
.ALittls Lower at the Opening.
but Bounds Upward
AND GAINS FOUR Dur POINTS
"a Rumor that There j. !. Deal With the
southern-s Some News About
An erican
Can.

was ,ss ZOO GOOD buyins on, the London market
yesterday. There was no news on In y
market e acceunt for the p phe sha sest
friends Of the stock, who have been no n.1e
ing it for months, turned loose W1 3sn u. Sa
price was in the .neighborhood Of no, pc
neme tai Of e The Being
blythe Southern Railroad Company. ana
there was q, sympathetic advance IN ,tne
io'l' A. NEW YORK VIEW.
Edward Sweet & Co. IN their review oh
thS h @srTfi SAN ana N.,hyle continues to
be the leader Of the market. It was heav-
ily bought to-day by the same brokers
son IS sSatting that the buying
most active Chicago brokers have been zen
the In theH
fact, IN. many well-informed quarters
there is very strong belief that the
ssoyhg has afsa ths beief 81
during the afternoon in an active market
for the Southern Railway securities, which
sold at the highest prices reached Tor
OTHER RAILROADS
Norfolk and Western and Chesapeake
and Ohio were also somewhat tmproved
In prices, but there was no active trading
in these stocks. There was an advance
in Wabash preferred and in the debenture
bonds. the latter selling above fS: South
much more so than it had been. for some
time past. These gains were scored III
spite of stiff money rate, oall loans being
Mads s ss Il ss cam the
market with q lot Of money. Tnere was
some hard ening OF the Eric and Reading
been satisfactorily settled on a basis that
VIII garry M i $50 sF P : EFF
The Following was sent out with reference
to tia that road from New York as "authord-
Missouri Paelac began in Jaauary last
net earnings. No estimated figures were
given out by the company last year. but
the actual figures were, published each
following that to which the statement re-
ferred. Through some channel the jan
nary estimated earnings NJ ot this year sho
given out several weeks before the actual
Statement was received, which shows sub
stantially the same figures. The esti-
same decrease as January. but the aot-
ual figures will not be received until the
18th of this month. OF the 81 ;ooo, 900 de-
900. is accounted for by. new steel and
labor Of placing same. Part of the re-
malnder, is due to heavy maintenance and
extraordinary charges. and the rest is
gestion at st. Louis and other terminals
The operating conditions are now more
favorable than ever before on 1ccountlo Of
the heavy grade reductions and better
ments made last year The car move
lnent is increas sing, and the prospects for
l Ga1ri gross and net earnings are all that
NEW HEAD FOR AMERICAN CAN. co.
The following was. sent out from Chica-
go: 1T is reported that Edwin Norton
will retire from the presidency of the
american company at the coming meetfre
The company's first year has been decid-
edly unsatisfactory. and will show earn
ings far below the rate expected by the
people who made up the combination.
ID. G. Reid, who was president@of the
old American Tin-Plate Company. has
given considerable attention to can, and
it is not considered impossible that he will
be at the head Of the, business in the
future; twas Mr.. Reds policy to con-
centrate the manufacturing capacity in
the most favorable locations and disman-
tie, the ort-of-the-way plants that could
not produce goods at as low a cost as
the central factories" -