The times. [volume] (Richmond, Va.) 1890-1903, 1902-01-07
STEEL STOCKS
AND LOCOMOTIVE
Were the Leaders in Yesterdays
Stock Trading.
THE MARKET OPENED HEAVY.
But These Stocks Gave Good Toa:, and
Some 0si=r Stocks Psrt.c pa,cd in
III. Advance = a.oney
was Easy.


heavy yesterday and most stocks showed
d ulsousitlon TO sell OF, but the steel
STOCKS and American Locomotive were
very strong anu seemed To hold the
market UP. Foreign houses UouSnt Steei
issues at the opening. and commission:
houses mad orders OIL the expected trv-
oranle statement. The preferred sold DIS
hign as %, Wn,cn was the highest point II
mac attained SINCE The May panic. anu
common sold between 46 ana A.
Locomotive preferred was very stronss
feature. ana sold at 9&S3. AS TINS stock
Is now sen.nE. eX-dividend. the price was
equivalent TO %. This is Il record price
for Locomotive pref erred
y director of the American Locomotive
Company is quoted as follows:
II do not know what speculation may
do with our common stock while Ii IS
Progressing toward a Dividend paving
basis. out Il see evidence 1ns5the transfer
books that the preferred is steadily pass
ing into she hands. OF investors. There are
good reasons why this absorption should
take place.Tfle= company IS earning more
than twice the amount of the dividend on
tie preferred, and in my opinion it IS as
certain to continue upon the DIVIDEND IlSt
as is United States Steel preferred. The
NET earnings of two OF its plants are sui
ficient to meet the preferred stock diFl-
dend even In years Of ordinary business
activity. The per cent dividends upon
it are cumulative. and at current prices
it yields very satisfactory return upon
the Investment. The company IS con-
staEtly increasing the ralue=of the pron-
tl 7stItN ~
spending money. derived from earnings,
in Improving and enlargins its plants
The common was active, but net SO
strong as the preferred.
THE RAILROADS.
Among the Railroad stocks Delaware
and Hudson. gained several points. ana
Colorado and Southern preferred sold at
So which was one point higher than the
best price hitherto obtained. st. LOUIS
and San Francisco was II points niGhes;
Louisville and Nashville. Chesapeake and
~ s,II md taTrl
much changed, but Southern Railway pre-
ferred was very strong, selling as high
as OAK. Union Pacific was one OF the ac,
tive STOCKS. as was also ST. Paul. ana
they were very strong toward the close.
the closing prices for these being about
the best of the day. Some of the ralt-
roads reported decreased earnings for the
fourth week in December. notably Hook
ing Valley. Grand Trunk and Rio Grande
Western. Southern Railway reported an
Increase for that week OF 500 ana
S2S.9O2. From July 1st to December list
the earnings of this road increased ST.
PA. Central of GEORGIA increased $40. t:lo
Seaboard Air Line for the month OF No
vCmber reports q. net increase of Sl23,264
The gross increase for five months was
S4OO. S25 while expenses and taxes de-
creased S393. 1913
TIE EVERETT-MOCRE SYNDICATE.
\ special from Cleveland, o., says
that one member of the creditors COM
mttee in charge of the Everett-Moore
Syndicate's properties is quoted as saying
that the Syndicate's assets are S3,0tO.o Goa
more than it's liabilities
The failure of the Crude Rubber Conn
panv seemed to have no adverse influence
on the market, and Mr.. Flint is quoted
as having said that the failure Will help
the rubber trade.
Money was easy. the rate being Eet"c'Il
4 and 6 per cent
II he Produce Market.
The produce market was very dull yes
terdav The volume of trade is light and
prices are inclined to stagger.
The market i9 rather active on poultry.
Recei1ts of both live and dressed are
very light. Dressed poultry is selling as
follows: Turkeys, choice, IA to u cents
per pound: fair Is to II cents: rough. IL
to Is cents: ducks. choice. Il to u cents;
rough j. to Ii cents; chickens. small, 13
to II cents; large, II to12 cents: hens, II
to II cents: ROSTERS. s to % cents: mixed
lots, 10 to 10 cents: geese. to II cents
Live. poultry sells as foliows: Chickens;
small. IL to y cents per pound: mixed
sizes. 10 to il cents: large, to 10 cents.
hens. 10 cents: ROSTERS. ~ cents each.
ducks. 10 to Ii cents per pound, gufneaS,
Is to 20 cents each: turkeys, II cents per
pound.
Eggs are selling at % to II cents per
dozen. and will probably not 80 higher
for some little time to come.
Apples are selling all the way from $3.50
to S. per barrel
Onions are il. active demand at 1913 to
81 per barrel.
Fancy cabbage are worth SID to 81
per barrel.
Waite beans a.e ceiling at 500 to So
per bushcI: hlncI1eyc oea=, Si.I0 TO SID
per brshel. and black ocas. Sl.!5 to S-23-
Choice rabbits are WORT, q 20 10 cents;
partriGgea. IN 10 II cents; pheasants. 80
to GO cents: squirrels. cents: wild tur-
KEYS 10 10 II cents.
Butter is selling ordinarily at - to 20
Dressed hogs are sill! in good demand
and are selling well at : cents per pound.