The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-05
STOCK MARK
STRONG ACIlv {
Prices Opened Up Well e and
Traders Had q Lively Day.
..LouIsvILLE IAN D ST. pAu I J. !.
Union Pacific and Other Railroad
Shares Were in Good Demand at
the Advance-Lower at
the Close.
LOUISVILLE AN DIST. PAU LED

As was expected, the maIhet .op siast
and liveliest market that has been seen
for a long time The most active stocks
wero st. Paul, Louisvile and .3 Mashv hse
tween s III and IL Louisville and Nash
in St. Paul and Union PACIFIC Was
ern capitalists Of which the Moore Bros;
and the Gates following were understood
to be only a part: j. ~. Black eds VINO no
E. H. Hartman & company.s name This
is said, however, to have been for the
Gates people. The recent selling OF Louis
to tot tho ull extent of so,oSo shares or more Is
said to have been for the company under
Instructions from Mr.. Belmont.
f LONDON TAKES N HAND.
London was an active trader and 10000
shares was traded in for the foreign &C
count. Colorado and Southern issues
were also strong. particularly the ne. c ont
named selling at % and the other at 45s4
The first preferred vas not active ana oi L,
not &c
on the market, and that it is hard to buy
at any price. Atchison was in good de-
aaa ngher Prize anG mproycd
crop reports. The Reading issues were
firm on the improved labor out work.
Some OF the minor stocks made gr E1!1Ei
gan and Missouri, Kansas and Texas, the
former selling at ~ and the latter at IS.
A Richmond man is holding a. small block
of .Kanawha and Michigan, which he has
been carrying. for several years, and has
seen tho time when it was selling at s. I,
share.
a story was printed the other day to
the effect that Mr.. Hawley had purchased
the Colorado and Southern road for Mrs.
HantinEton This story is positb,selyt de-
rnent that he bought the road for HIM
self and on his account because he con
sidered it a property well worth buying.
in good physical shape and with excellent
prospects of big business In the future.
Neither Rock Island nor any of the roads
in which Mr.. Hawley himself is interested
will have anything to do with the control
Of the Colorado and Southern.
Southern Railroad preferred was also
one of the strong STOCKS yesterday, sell,
sold ex-dividend at 131. There was little
trading in Norfolk and Western and Ches-
apeake and Ohio.
weak stocks, and it is predicted that it
will go considera bic lower. Railroad
earnings continue to show UP well. For
Ohio Central earnings increased S14, 753:
Ann Arbor, $3.50; Chicago and Eastern
Illinois. $3.50; Chicago Great Northern.
gross earnings, $57.492: net decrease. $780,
9a5. Southern Pacific reports gross in
sos, l26 $3.50
Just before the close of the market
there was considerable profit-taking and
most stocks sold off. In nearly all cases.
however. there was a considerable net
gain for the day.
The principal movement of currency for
the week indicates that the banks nave
lost in cash $2.546. 100
SWEETS REVIEW.
Edward Sweet & Co. in their review of.
yesterdays market say:
Market to-day developed strength and
breadth which was difficult to account for
as no noticeable change in general situa-
ton could be discerned. The tendency.
however, for the past day or two has been
noticeably toward higher range of
public have again begun to manifest in
terest in the stock market Various lower
priced stocks, commonly known as spec
ialtieS, were more or less overlooked in
favor of the high-prced securities which
some time ago We're prominent factors,
most noticeable among them being ST.
Paul, which continued its upward move
about per cent. There was much more
activity than for some time past, the to-
tai transactions avera ging over one mil
lion shares for the day. BESIDES st, Paul.
decided strength was developed In Union
!; Pacific, the Atchisons, Illinois Central and
various other railroad securities while
the industrial list was also strong and
active. In the last half hour of trading
some few declines took place on profit
taking for long account. but tho market
at present looks undoubtedly as though
it would go materially higher Money
market continued practically UNCHANGED
In spite OF the fact that the general i'm
preston prevails that to-morrow's bank
statement is not likely to be particularly