The times. [volume] (Richmond, Va.) 1890-1903, 1902-12-05
Stock MARKET cosSlP.

The stock market was very tame af-
fair yesterday, but was weak and prices
sagged of, closing prices being near the
bottom. n ~
The money situation is still the impor-
tant factor, ell other conditions being
satisfactory. The banks lost on sub
including the million shipped to South
America.
Call money ruled a trfle lower, but time
rates were frmer
Traders generally seemed to be bearlSh
for the immediate future.
Railroad earnings continue to increase.
The Chesa peake and Ohio makes spen-
did showing for the fourth week in No
reinber. Merchandise earnings increased
s441s2. and for the first time since the
striiie coal earnings show an increase, the
the week was 81. go. This wipes out the
decrease for the month and makes a gain
Of ST. 235. But for all that Chesapeake and
Ohio was weak and lost nearly q point on
the days transaction.
The long expected circular from the At
lanuc Coast Line Railroad Company CIV
ing terms upon which the new stock VIII
be issued made its appearance yesterday
and was favorably received. The circular
states tina, the opportunity is offered TO
ell stockholders OF the company OF record
December 10th. 1902. to subscribe Tor and
take the new stock to be issued to any
amount not exceeding 80 per cent. of such
then outstanding in the. name of the
stockhoIder at the price OF sl25 per share.
stock VIII be entitled to subscribe TO 80
shares of the new stock at $50 per snare.
Subscriptions must be made as follows:
Thirty-one dollars and twenty-five cents ;
for each share on December 20. 1902,
and the remaining $3.50 for each share on
or after January 2. 1903. before February
Il, 1903. Applications Will be received UP
TO and including the 10th day or Decenl-
Der 1872: but every such application must
be accompanies by check to the order OF
the Atlantic Coast Line Railroad Company
for . per cent Of the subscription as
above stated.
The receipt Of any such application
hereunder. and of such . per cent there
OF in cash shall constitute subscription
10 such common stock to the extent stated
IN such application not in excess Of the
prooortionate right Of such applicant.
transferable receipts will be issued
representing all payments made, and stock
certificates Will be delivered upon the
making of the final payment. In case of
failure to max" full payment on or before
February L. 1903, all rights under any
such application or transferable certifi-
cate SO in default shall pass to and shall
vest ~ The Atlantic Coast Line Railroad
Company. absolutely and without account
ability. except as may be ordered by the
Board of Directors.
The transfer books Will be closed from
December 10th to December 10th 1892. and
forms unon which applications are 10 be
made and the form for The transfer of
.ubscrip,ion rights Will be mailed TO each
stuckholder of record At the close of bus
1neSS on lSCS!HISr lN'.f. lttZ, be
obtained on or after that date at the Safe
Deroeit and Trust Company OF Baltimore.
This is intended as a preliminary notice
for information only, ard no action here
.,nder on the part of the stockholders is
NECESSARY until the form Of application is
received
Coast Line earnings are mos, satisfac-
tory 10 .l,e company. The October exhibit
As as follows:
Gross earnings. 81. 1868 ,sl,a2o4ss sss5.lss
lenses e taxes l.oss s57 9snsss l.s 30
Net EARNINGS. sSs76 ssssoi ass sls
one sale OF 50 shares OF Coas; Line stock
was made yesterday at las.