The times. [volume] (Richmond, Va.) 1890-1903, 1902-11-29
STOCK MARKET GOSSIP

There. was a better feeling in8the stock
market yesterday and in most cases
prices We're higher. Traders We're .efieoui :
aged l,y the fact that the discount rate
Of the Bank of England has not been IN
creased as ii was feared il would be on
Thursday.
oI,ening prices We're fraetionaliy higher .tr
than closing prices on Wednesday. and
mos. stocks showed an advance s over
neutrality-suspicious. This was particularly
the case with Louisville. which sold d IN
London al l22&.. out opened mere at La
This was the lowest price of53the day
for Louisville, and from, that time on the
stock steadily advanced until II soid
aboy 100 The stock was largely absorbed
and continued TO be in active demand up
to the close of the market
1T Is said that the recent circular OF
Messrs. Scott e StrinEfelloW. winch. Was
irla-re demand on the New York Stock
Exchange yesterday was responsible for
this howard movement Mr. Scott re-
ceiNea several telegrams during the day
telling him that his circular was read
with intense interest. and ;here#is every
reason to believe that the stock Went UP
on the splnedid showing which he made
Ii will be#recailed that Mr.. Scott $ cir
wills and ST Paul showing that Louis
Miles percentage of earnings was create
According TO this circular Louisville IS IS
either TOO low or St Paul is very mnch
too high IN Yesterdays market 81. Pani
was strong with an advancing tendency.
and as louisville enjoyed brilliant rise
traders seemed to think that ST. Paul was
not TOO high and that Louisville was
much too low.
IF The advance in Louisville had a good
effect on the whole market and New
York broker, who is we'll known In Rich-
mond expressed the opinion that the
market had been oyersold and that the
end OF the bear campaign was at an
end.
Sugar MAS also very strong and adj
ranced several points during he day. The
other AtuLlfS.riRlqH quiet Stf les
OF Chemical were made from 81 to Isl Il,
end iherr Was considerable trading IN
advance and the closing bid was 50 1t Is
said that large hsldersrof Sloss common
have been offcritts to buy all thar was.
to be had al O. and yesterdays Trading
indicated that ~ increased their hold
ings AT that price. although Sloss was Of
fercd at GO IL the close
Southern Pacific, rex. to Louisville and
ST. Paul was the strongest Of the rail-
road stocks. Union Pacific was firm but
did not show much advance. Norfolk and
Western and Chesapeake and Ohio made
sli.y.ht gains.
Colorado and Southern first preferred
cort!n.ied to show weakness owing TO the
quarrel between Goala and IIawlev. some
sales were made a 80. bu, the last sale
Was al GS. with 67I& bid at the close.
Holders of this stock IN Richmond re-
gard tt as a very safe purchase and ne
iieve ii viii go much higher. II Is said
however that n Mr.. Gould -sncceeds In
gcttin. control of the Colorado Fuel and
iron rronerty he viii ldiver,s all the bust.
ness OF that road from the Colorado and
Southern 10 the Denver road and 1t is
unon that theory that the stock had sold
.k~e banks have lost three and half
rn1i,Inn dollars 10 the snb-TreasurS since
las, F,sdav and this had depressing
effect on the market But the action of
f5ouisvi!ia Yesterday was very encour-
aging. This indicates that there is at
least some little ..rcsliency' in the mar
het and IL may become contagious.