The times. [volume] (Richmond, Va.) 1890-1903, 1902-03-07
STOCK Iu.ARIKI.E
CLOSED St RIIOAlG
Feeling elm Much Better Than It.
Was Earlier in the Week.
TRAD ZINC. B DAD D: Err j: I [ HURsD [.I
Bulk Of Dealings. However, Was Still con>.
fined TO Few Issues Colorado
aud Southern Features OF
the Market,
TRADING BROADER THURSDAY.

The stock market was again strong yes.
terday and the trading was broader, al
though the bulk was in a comparatively
few stocks. As on the day before. the
among the railroads and made a new
record. The common sold above 70, the
first preferred abo o. n and the SECOND
strong and active throughout the session
and prices were highest toward the close
The New York Journal of Commerce IN
speaking Of the recent movement IN TINS
stock says:
The distinct feature of the railway list
was furnished by Colorado and. Southern IN
issues. The rapid advances in these, with
exceptional heavy transactions, is ac-
cepted in the Street as substantial con-
tirmation of the current theory that the
stock is being bought for purposes OF con-
troll. Indeed, there were suggestions yes
terday that there are competing orders
in the market of this sort. According to
this GOSSIP the Union paelhG is end fran,
getting the property. In view Of the close
relations between these two groups OF
capitalists the story was taken with con-
The New York Tribune IN the same
connection says that while, perhaps. the !,
movement is largely speculative, there IS
not much room for doubt that zeal III
the property is under way.
Other railroad stocks were strong ana
some of them were fairly active. st. Paui
gained 2 per cent; Pennsylvania gained
l1s per cent; Norfolk and Western. Louis
vile and Nashville and Chesapeake and
Ohio were all higher.
A SENSATION.
The most sensational feature OF the
day was the advance in COLORADO Fuel
and Iron, which went up from IS to %
and closed at 81 and 97A. It was rumored
here yesterday that the company had
struck oil and that that accounted for
the rise in the stock. f the runor IS
true, the stocks of the Colorado and
Southern Railroad Company will be help
oJI ,yf Ieso jl ct
The American Cotton Oil was also
strong yesterday, and there were large
transactions round 80. At the same Es, t,Ine
cal common of nearly two points. It was
said that parties who had been buying
cotton oil were yesterday buying Chemi-
A NEW YORK VIEW.
In this connection the New York Eve
ming Sun Of Wednesday says:
The majority of the stock of the AInerl-
can Cotton Oil Company has for the past
six months been deposited with a protec-
tive committee, but holders OF the stock,
in many cases at least; retained the r1gn n
cent rumors to the effect that the con-
troll of the American Cotton Oil Company
was being acquired in the interests OF
pany are not believed 10 be well ground
ed at the present time. although the lat
ter great concern might presumably De
Cotton 1i.te1 Oil Company at a satisfactory
price At the same tinle.5sthe fact that
the Chemical Company has {. very large
interest in the business of refining cotton
ton for the rrTnors which have been
current. The general stock market con-
tinued dull throughout the business SEES
sion but developed Il rather frmer tone
with the course of the day. Active in
terest, however. remained centered In the
quarters already referred to. and there
was no material increase in respect OF
activity.
Locomotive common was quite active
yesterday and numerous sales We're made
between 80 and 3211s. Sales of Lanston
The market closed strong with a very
much better feeling than was in evidence
earlier in the week.