The times. [volume] (Richmond, Va.) 1890-1903, 1902-03-25
LESS!MANIP ATI0Nl.
IN The MARKET {:
The Tone Was Good and Some
Stocks Advanced.
LOUISVILLE AND NASHVILLE
Among tie lndu.trials Leather Was the Fav>
orite - Chemical Preferred
Makes New
Record.

Responding to a better feeling in Lon
don our market opened we'll yesterday,
and while it du!, the tone tone was 5000 oa
snow OF manipulation than for some time
| past. Leather was a conspicuous feature
and was very strong. No reason for the
buying was assigned.
Edward Sweet e Co. in their letter to
Scott & StringfeIow said
The conspicuously veal stock was
! Anal "a ted Copper. 1t sold down dur
ing, the morning owing TO liquidation by
4 prominent room trader, and advanced
above Us la ter on covering OF some 5000
Gharcs.
During the afternoon heavy selling for
Boston made. its appearance, and the
stock closed heavy at about the lowest
main influence on the street will be trade
conditions. These conditions are unfavor-
able. and people in close touch with the
copper trade see no prospect of 4 change
for some time to come
Coal stocks We're conspicuously strong,
more especially the Readings, which We're
interests. The United Mine Workers
Convention met to-day, but took no ac-
ton in regard to the proposed strike. and
strike have passed, Louisville. and Nash
vile had spirited advances during the last
half Of the. session, the buying bein;!
thought to be of a good character. Steel
stocks remains inactive and rather heavy.
The curious feature IN them IS the per-
sistent buying of odd lots of common
stocks and the selling. of odd lots of pre-
ferred stock. Rates for money continue
stiff, the majority of to-dayS loans be-
ing made a AZ. and per cent Sentiment
generally remains bulish. more especially
in regard to the coal stocks ana the STAND
ard railroad stocks.
Louisville sold yesterday as high as
1O7h, which with the late dividend added,
= e4'''i soGTnERN RAILWAY.
The following concerning Southern Rail-
way was received by Thomas Branch &
Co. from New York:
LAS regards to the outlook for Southern
Railway those in a position to know the
feeling of the COMPANY management be-
lieve that the road will make a good ac-
count of itself in the way Of earnings.
not only in the immediate. but also the
moro remote future. Confidence In the
outlook was plainly demonstrated by the
directors recently, when they placed the
basis.
..,rhe stock-market wise will almost
the increases in earnings. There are
chances that some of the weekly state
mcnts of the company may show slight
decreases ct time due to s, snec,al C., causes,
pected to make substantial increase right
along.
ono Importance is attached to the re-
port that the company Is interested III
leasing cotton compress concerns IN Seor-i
gia through the Atlantic Compress Com
pany While the railroad has an interest
in the compress Company, IL toeS iiot So;i-
troll it. AS a rule. railroads of the South
take a limited interest in the compress
concerns located on their lines. but this
is not significant.
ST. Paul was quite active during the
Gay. but the price did not iluctuate very
much. North American sold up from 1T
to 1921. There was very little trading III
Colorado and Southern.
CHEMICAL.
One of the favorites yesterday was
Chemical preferred. which sold as high
as 1915 the highest figure ever reached.
AMERICAN CAN.
The following was sent out from Chica-
go: .It is stated that President Charles
NJ. Schwab, of United States Steel and
Max Pam propose a thorough inspection
of the principal plants of the American
Can Company. II is believed that the
not have agreed to reopen negotiations
the can company, had given more salts
factory evidence of their willingness to
set more conservative price on the
property The can company is willing to
book orders for even the smallest quantI-
ties of cans at wholesale prices and to de-
liver a. buyers desire.