The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-20
OF ENED WEAK
CLOSED STRONG.
The Market Was Irregular in tie
Early Trading,
BUT AFTERWARDS TONED UP
Aud In the Afternoon Prles. Generally We're
iiigher-steel Stocks We're Firm.
Wabash Dsbenturss Take
au Upward Turn.
BUT AFTERWARDS TONED UP

The stock market yesterday was frregu-
lar and somewhat dull. In the morning
stocks Showed q disposition to sell OFT.
but In the afternoon the tone became much
better. and there was q considerable rise
IN a number of stocks. The Steel stocks
We're favorably affected by the announce
ment OF an offer to exchange $4,000 900
OF the preferred stock for per cent.
bonds, although there was no material adj
FanceS IN prices. the preferred sold as hlGh
as 951s and the common at 4i9s. Steel and
Iron stocks were very strong, notably
Colorado Fuel, T. c. !. and Sioss. ,Sloss
common sold at 3S, the highest price it
has reached for some time past, and the
preferred went up to S33s-
CHEMICAL GOES UP.
There was some activity also in Cheml-
cal common, which sold at 627s. but sold
down somewhat below these figures be-
fore the close.
Sugar was quite active but the price
did not vary materially. Louisville and
Nashville was q little stronger. selling
up to 105ss. Chesapeake and Ohio and
Norfolk and Western were very dull.
Wabash debenture BIS we're again ac-
tive and strong. They sold as low as
721s in the morning trading, but before
the close went up nearly fun point
IS were also in fairly good demand at
The Colorado and Southern issues We're
a little lower and did not rally with the
rise of the market, leaving off about
where they started.
Virginia Centuries were freely offered
III odltlulOlc Stulk III ISlCulIiOilO dI pSTA
GEORGIA FIRST INCOMES.
The Philadelphia Stakeholder quotes
regards Central Of Georgia fist incomes
as cheap around 50. The company earned
5 per cent. on these bonds last year, and
this year. He thinks that there ought to
be ten points or more in these bonds pur-
chased at present prices.
In spite of the rather professional tone
n "a ~ p or ~
acted we'll and traders selling, as rule.
failed to bring out long stock. The belief
that the Ways and Means Committee
the Cuban tariff helped Sugar. Pool profit
taking was reported in the Reading is
sues. There was local selling Of Amalga-
London, but fair support. London traded
in 1900 shares, mostly purchases of the
MONEY IS EASY.
The money market continued easy with
out distinctive feature. It was given out
yesterday that the bank statement this
week will be issued on Friday at the usual
hour instead OF on Saturday, Washlnston's
birthday.
a specialist on the Stock Exchange says
it is probable that the Southern Railway
directors will meet March Cd.
The following railroad earnings for the
second week in February were reported:
Louisville and Nashville, increase, SS2,5lo;
CIhesape:ak1e and Ohio: incr rec S6S.
ern Railway, increase, s15,445; Central of
Georgia, increase, $4,000: Norfolk and
Western. increase, 1886: Rio Grande
Southern. increase, $3.50; Big Four. de-
crease, s27. 553.
The total sales of stocks for the day
amounted to S537. 200.
AMERICAN CAN.
The following with reference to Ameri-
can Can was sent out from Chicago:
I'm spite of the weakness in American
Can stocks there is considerable bullish
talk concerning the company. Insiders
claim it has earned the s, 1000 needed
for full percent. dividend. while infor-
NATION from other sources is that the
annual statement of the company, due in
April. will show net earnings of $4,000
available for dividends or surplus, or the
plant.
cat the Hoopston Ull.) plant the COM
pany is busy with orders and working
night and day. plans being laid for an
immediate enlargement. The raw ma
terial bought a high prices is now most
ly worked off, and the contracts for tin
plate for 1902 are declared to be at rock
bottom prices and underneath any prices
which the independent concerns will be
able to secure.
1.-The company is young. having started
in business only last April