The times. [volume] (Richmond, Va.) 1890-1903, 1902-01-25
STOCK MARKET
IS STILL DULL
Traders Are Waiting for Supreme
Court Decision.
SALES R., F.&P. CERTIFICATES
Virginia Centuries Sell Above Par-Thc Kew
York Banks Have daihsd Largely
in CAST During tha
Week.
SALES R., F.&P. CERTIFICATES

The London market was little stronger yes
tertiay 81 the Gpenng but it rad no apprecahte
fallen into condition of lctiiargy from which
nothing ctn arouse IL Ihn market dull all
Day, ai prices wee within Il very narrow
range, aithpueh in most cases the tendency WAS
downward Sugar was 1t r.9tfble exception. sell.
ing up toS12isand "a fraction. but 1t did not
Louisville and Nashyille sold at the opening
at 1888 exzdffidend, which was equivalent 10
Ig3 aud there were lew sales at ! fraction un-
Der that figure. FMS stock is highly regarded
IN Ricnlucnd. ana purchased yestertGg by
in Richmond.
COLORADO STOCKS.
me preferred stock Of the Colorado Southern
Toaa is :aisu highly regarded by some OF. the
isichfnond traders, and It Is said that one OF the
railroads. believes that it is iirst-class purchase
at present prices. IN regard TO the Colorado
IS worth reproducing:
One VINO is familiar with the properties say
that activity or Colorado Midland q per cent.
seems to BE- based OH the good business Which
all the.roads in Colorado are enjoying. and also
on the fact that aE the present prices. S4%i they
I substantial apprecintinn in the price, 1t is
officially stated that the entire outstanding stock
of the Colorado Midland IS owned jointly by the
Colorado and Southern and the Denver and kio
GEande Companies.
1T is pointed out that the Colorado Midland
road itself is earning Is interest charges in fun
as VIII be seer by the applied income account
Tor the year ended june 80 1901. It is under
stCoq that the cummings for the five months cntt-
ing November 80, 1901, are abOuG us good for
the same period of list year. The income ac-
the following showing: Gross earnings, S2.3S3.-
Isl; opcratinS expenses. $i,Iol $50; net earn
increase. s7l7.4st: taxes, rentals, etc, $l62,-
-; balance, $155.2&5; interest bolids, 500,
tbA; surplus, S20f,fiJ. Tho coupons due July l.,
l9e2, VIII he naid ut the rate OF SO per coupon
This Is caused ly tho fact that in the rcorsani-
%ation of this road in 1897 there was one mort
gage OF $1,000, QUO made, but part OF the bonG;
were made fun four per cetIt. interest, and the
Jther part were made 2 per cent for three Years
ard percent. for two years. The reduction
fox FIVE wears in the interest was settled hy Civ
Lni preferred stock for the amount, However,
ferred stock settlement and 10 pay full
cash. THIS the company arranged to do in June.
1900. Therefore. the January /. 1902, coupon.
which called Ter SID, was paid ut that rate, and
the July, 1902 which calls for Sl5 in cash and
SO in stock, VIII be paid all in cash. namely.
ana July. $40 on each coupon. The total amount
Of bonds omtStantin$ is $S;0!6: Qg2'
Tho same publication sent out the following
with reference to the movement of money for
the week:
beginning on FridHy last ana ending 1T the ciasC
&c business yesterday tone day less than IS coy
cash by the banks Of $G,s0G,744 OF this amount
represented excess OF fragments over its re-
ceiutS By the sUlj-Trca$lry.
TOBACCO BONDS.
Consolidated Tobacco bonds We're little OF
Yesterday, and have shown dropping tendency
since the recent boom in these securities. Con
rrning these bonds Aics5rs. Ihos. Branch x Co.
yesterday received the foilawiGG; from one OF
.Ieir correspondents in New York:
There is reason to believe that the retire
nent Of the remaining bond issue of American
.ad Continental Tubacco Will bc arranged for in
The near future This could be done roughly at
difficulty. is the Continental Pohncco - )
.5SG. GOO ar@ subject to cali on five peg cent,
1lSs. It is thought that the removal of those
allegations will make the Consolidated Tobacco
JEUlS :Ittr3CtiTp.''
The SHIfp concern reported also that ScahIarl
&tr Line officials denied that deal had been
contaminated bJ-lficil they lad obtained posses
ion OF the Atlanta, Knoxville and Northern
iaiiroad.
Il was reported from louisville that the Nor
sGlk and Western had decided to make Hn rN-
cnsion from WanGatack ". Va. TO KenoTa
Bridge. seventy miles, wlic! win tap rich
ALL WAITING
Traders seem TO lie Waiting for the decision of
he United States Supreme Court in the Northern
Securities case and It is believed thUt if a fay
r.tble decision Is rendered the market will rally.
rhe stock Of the Northern Securities Company
vas firm yesterday ut l0l, little higher price
local. SALES
There WIS a fnc sale yesterday IN the Local
stock Exchange OF one hundred shares OF lticil-
nbnd fredericksburg and Potomac dividend GER
tideatrs. The stOCk was sold at public auction
II fifty share lots The opening bid WIS - y.
but the bidding was spirited. and the stock WIS
fn:ilty knocked out Mt 2i2i.. There We're sales
# Virginia Centuries al lG0ls and one hundred
5itarrs of Coast Line stock were purchased by
i Richmond broker Mt %.