The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-19
MARKET. WE: AKEINE.IIl
TOW ARD THE END.
Sterling Exchange Higher and
Fears Of Gold Exports.
NORTHERN SECURITIES CASE
NORTHERN SECURITIES CASE
Is Also Having Possible Effeet-1he D:cls
Ion viii Be On monday Next, and
Traders Ars Little AK
49, ieus, About Il.

The opening of the stock market yes
terday was generally firm, although the
tone in London was heavy. prominent
firm bought: heavily of Missouri Pacific,
which strengthened that stock. and for
eiGn houses bought Steel. Sugar TOOK an,
other upward turn, selling above l32, ana
but in neither case was the advance held
Each stock lost about 2 points on the
days transactions. The feature Of the
day. was the buying of Reading second
: = WABASH BONDS.
There was also heavy trading In Wabash
debenture BIS. which rose at one time to
1874. The buying was largely by prom.
inent house which was said to represent
a pool. A number of Richmond people
have bought these bonds on a tip from
to sell very much higher. The einforHa-
ton comes from a. good source but the
why's and whefef0res are not mate pup
lie.
Texas and Pacific common, q stock little
traded in at higher prices. This was on
talk Of dividend posi- eilities;
SLOSS EARNINGS.
Sloss was not so active as on the day
before, and the price was materially
lower. One sale of the common was re-
ported at S22ls. but at the close the high
est bid was 81. In this connection the
New York Times of yesterday says:
Pursuant to the policy lately adopted
and following the lead. OF the Onltsd
StdteS Steel 1ue SioS9- oiiSihietSt -.
Deceni Der earnings statement This
showed net profits from operating OF sch
pS2, and after interest and taxes a surplus
of s5lo3o. This company like many
others, suffered in December by lack OF
cars for transportation, a fact officially
set out in the report. Bad weather, TOO,
retarded operations somewhat
Colorado and Southern issues were ac-
tive, but they sold off somewhat with
the rest of the market. The second pre-
ferred went down to 341s, closing at a
fraction above that; first preferred sofa
above 81, and closed a fraction belo!7
The common lost nearly a point between
the highest and lowest price for the day.
WEAK AT THE CLOSE.
In the afternoon the general market
weakened and in spite of manipulation
prices were not maintained. Sterling eN-
change advanced, and there was fear or
too. that some of the traders are begin
ming to have the creeps, as the marker
gets near and nearer to the decision OF
the United States Supreme Court IN the
Northern Securities case. Traders have
been quite confident on this score during
the past several days, but the decisio n
means so much to the market that IL
would not be surprising to see something
of a selling movement before the end OF
the week.
Railroad earnings are still showing up
| fairly we'll, although for the second week
| in February some of the roads are snow
| ing a small decrease. A notable exception
| to this is Canadian Pacific, which shows
an increase for that week OF s9l 900
! SUB-TREASURY STATEMENT.
February 18th: Gone into banks. s.. l01,-
! 600; gone out of banks, ,s9l wv, loss,
| S.s4 900 Since Friday: Gone. into banks,
| 50. 7S3 600: gone: out of; banks, S, e29, ooo;
| .yo;p =