The times. [volume] (Richmond, Va.) 1890-1903, 1902-02-11
MARKET STRONG
But RATHER DULL
Prices Were Generally Higher,
Southern Pacific Leading.
AMALGAMATED COPPER WEAK
Aud This Caused Som. Selling of Other
Stocks Late ia the ssssiou-Rail-
roads Enlsrgias Their
Equipment.

In spite of the disappointing bank s.sss
ment on Saturday the stock nlaihsI ~ ~ ~,
ed higher yesterday and CONTINUES. ~ IL
out the session. Southern Pacific ana St-
Paul were perhaps the leaders :mo!s .,.a
railroad stocks, but Union PacihG; LOUIS Louis
Norfolk and Western, Chesapeake anu
Ohio, Atchison and other railroad stochS
participated in tho advance. NorfoiA itua u
Western was more active than IL nss
been for some time past, and CHESAPEAKE
ard Ohio was q close second
The Steel stocks were also strong ana
fairly active, but Copper was weak. ne ne
weakness in Copper encouraged traders 20
sell other stocks, and the market eased
off during the afternoon.
RAILROAD EQUIPMENT. -.
REPORTS received here go to show tn;a1
railroads arc eq,lipping themselves Tor
greater business, which indicates that
railroad managers do not anticipate di,
early setback in trade. Louisvllle ana
Nashville las received four Of the eight
monster locomotives recently ordered Tor
service on the South and North Alabama
division. The road has just hnlshed at =, us dG5
own shops $50 new fiat cars OF N,"So
pounds capacity, and is just about ready
to begin on 500 dump-cars OF 100000 POUNDS
capacity.
Central of Georgia, held in Savannah yes
terday, it was decided to purchase tive
hundred new box cars as soon as poSsiole
COLORADO AND SOUTHERN.
\ number of Richmond traders arc IN
terested in the stocks. of the Colorado
and Southern Road TO all such the FOL
lowing sent out from Denver WILL DC Oh
interest:
The Colorado and Southern is making
arrangements for the use OF oil as tuel
for engines used on the Cannon divisions
on a comprehensive scale. Two steer
tanks for oil storage have been ordered to
be erected in Denver. Each Will have q
capacity of 100000 gallons and will be 10,
Gated at sufficient distance apart TO avold
tl,a 1nsr of hot !, Shp CIT
by lightning or otherwise destroyed: Inc
combined capacity of the two Will DO
equivalent to the consumption of six en-
gines for one month. They. will be com.
pleted by March 18th. Superintendent
Dyer has been in communication with the
Denver City and Forth Worth officials rel
atiye to tho joint purchase OF steel tank
cars for transporting fuel oil from the
Beaumont fields to the points Of distrlbu-
ton on the two roads"
y SETTLEMENT.
It is reported from Omaha. Ncb.. that
the Adjustment Committee of the Union
Pacific for tho Order of Railway Conduc-
tors and Brotherhood OF Railroad Train
ing here and both the committee and
railroad officials have signed a wage
schedule for the next two years. Many
important points were granted the men.
and both sides are highly satisfied with
the outcome. There will be no strike
among these men.
President NJ j.. Ingalls,, of tho Big
-Four. says that there is no truth in the
report that tho New York Central has Sc
cured control of that road. He says that
the whole story was q stock broker
yarn.
New York commission houses report an
improving public interest i'll the market.
1t is the belief of many that if prices are
maintained for any considerable length
Of time without any setback in the gen.
eral prosperity of the country. the public
will come into the market, and if so, that
there will be one of the greatest bull
markets the country has yet seen. The
| conditions are certainly favorable to a
bull market, although prices in many
cases are high.