The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-15
OF ElyED V'EAk
But Went UP.
The Market Again Showed Con-
siderable Strength.
SOUTHERN MAKES lake A RECORD
Colorado aud Southern Issues Go Dowu, but
Immediately Shot upward-.The
Views of Buston
0ptimlst.
SOUTHERN MAKES A RECORD

The stock market opened somewhat
weaker yesterday and. O raid was made
on Copper, Colorado and Southern issues
and some others with good effect, but
there was speedy recovery, ana the mar
ket soon broadened out and became ac-
tive and strong. Copper was lower than
on the day before, and did not rise as
high as the closing price of Wednesday,
but the bears were unable to hammer it
down to any considerable extent. and the
session than in the earlier dealings.
AS for the Colorado and Southern
stocks, while they were forced down Tor
shape, and there was a gain of 2 points
and more in the common, the first pre-
ferred and the second preferred me
closing prices in these stocks were ABOUT 9S,.,t
some sort of a deal is going on by which
the road will be absorbed.
sOUTHERN's NEW RECORD.
Baltimore and Ohio, which sold e21 2 per
cent. dividend, and fully recovered the
dividend during the days trading. me
more than 2 per cent: higher than the
closing price on Wednesday, Next 10
Baltimore and Ohio came Southern Kali
way, and the preferred stock made new
record, selling up to 971s, nearly whole
point higher than it had ever sold before.
This, in anticipation of the per cent.
dividend, although the directors have not
yet met to act in this matter, and no, 1t t., is
said that the meeting will not be held I'M
til after March LIST. The common stock
was also active and strong, selling above
which have been afloat for some time
concerning a "deal'' Just what this
deal is the rumor-makers do not say,
but there are various hints: A story was
given out yesterday from New York that
there was to be some sort OF q deal
between the Pennsylvania and the SCUM.
ern which would be Of great beneht, not
only to the Southern, but to the Chesa-
peake and Ohio. 1t has also been sus55
sested several times that the proposed
deal has something to do with Louisville
anu 1S LouIsVILLEs VANTAGE.
It will not do to pin ones faith on
floating rumors of this character, put II
is reasonable to suppose tsae ra ~ ei Court
is not against the Northern Securltles
Company. several other large deals IN the
Southern and Southwestern groups OF
why Louisville and Nashville IS IN sucn
favor This stock is intrinsically worth
every dollar that is asked for Ii, ana IL
Louisville is too important road TO pc
left out in the cold. Sooner Or later 1t
will be absorbed by some one OF the grea.
railroad systems. When that is done
The Virginia Carolina Chemical Com,
pany- directors have declared tile usual IA
| quarterly dividend of one per cent. r. on
| transfer books will be closed from Feb
ruary 18th 70 IN March , 1st lnGl.1s1ye
Tho New York banks have gained "
900 during the week. There is a very
different tone in the stock market IRON n
that which was in evidence a little while
ago. Not long since the .pessimlsts were 81
saying that the country had reached the
| high tide of its prosperity, that raliroads
| were doing as well as they could do. that
the factories were making as much as it
| was possible for them to make ana SO,
| they argued, there was nothing else 10
| boom stocks and prices would go o1 ~, ).
! prophet but it has been maintained IN
these columns that the great prosperity
| which the country is enjoying was never
| fully discounted, even in the widest Gays
| of speculation last spring. If the present
| prosperity continues much longer, and II
| tho fact that it has not been fuily ols-
| there will, in all proba bility. be the wild
est. bull market the country mas ever
| seen.
In line with this view. a Boston mouse
| Yesterday sent out the following:
| .The following interesting opinion Is
!. given s.1s by the head of prominent Ne"
| York commission house:
/ .'Threet months ago, shortly AFTER tne
! assassination of the President. was
sIeptical for the outlook of this country
/ for such an incident was an linsettllns
/ factor. and there were many indications
| that the pendulum had reached the tor
| Of Tie swing on May 9th and that its
| swing was to be backward from tnai
/ date, but I have now changed my mlno
| completely and am convinced that the
| stock market has merely halted since the
panic of May 9th. and is merely gaining
fresh impetus for a further upward move
| ment 49, 1,ro.+
has grown with marvellous rapidly dur
ing the past three years Ral 4bonab earn iht
ings in that section, even tiou ~ .'at
Years. are bound to develop
The recent report of the United States
! Steel Corporation should not De over aI
| looked. THE company is assured OF al
tHe hI,siness it can handle throughout the
nresent year. and most Of the orders arc
for home consumption As soon 70, "a as + for.
/ ,,,5Ist very soon. since the depresslS
abroad cannot last forever. beleXe tina
| every Industry in this country VIII De II
j