The times. [volume] (Richmond, Va.) 1890-1903, 1902-01-14
sSFf -
lNARkET FFECTED
BY A DECISION
Supreme Court Agrees to Hear Argu-
tlentin Northern Securities Case
AND PRICES GO DOWN
Railroad Earnings Continue TO Stow Ia
crease fos tie First Week Ia
Januan-son,hcrn Railways
Fine Exhibit.
AND PRICES GO DOWN

The stock market opened Tessh Ses tT,
day and continued weak practically
throughout the entire session. with the
exception of q. few rallies here and liner 1neIs
about tho middle of the session. lh e
were no sharp breaks IN any OF = ne he
without resistance. and closing prices
were about the lowest of the Day. dns
declines were very broad, extending
throughout the entire list.
Money was easy at from 443 per Cent,
and the reports from the railroads sho"Su
substantial increase for the first week III
January. but traders seemed to DC very
Uneasy over the decision Of the unteu
States Supreme Curt in the Northern
Securities case.
tlshe court simply decided that it WOULD
on the 9th instant hear argument on tne
application of The State Of minnesota 70
file a bill OF complaint against the MOTIF
err Securities Company, but traders took
it as a point gained for the State that the;
court had agreed to hear argument. anu
$50 - r RA a EARNINGS.
Louisville aud Nashville reported an IN
sg1ss. but the stock soid down to o4A.
closing at 1aHfI., Southern Railway
showed an Increase To-. the same week Of
ssose. but sold down to ssA. the so 1ors da
Southern showed an Increase Of s1,sss;
Central of Georgia. s2a,a Detroit South
ern. s1,136; Alabama Great Southern,
ARE, Sn.Saso' hiniatts4Po1S eu
SOUTHERN RAILWAY.
The New York Cemmercial-Ad ADJ ertiser
recently got out a statement OF tne
Southern Railway. in which this remark
able exhibit was made:
THE tons of freight carried increased
from h,675.75o in 1888 to 14a2l,lsi during
the fiscal year just closed: an increase
the tons of freight carried one nils lie, n IN
creased from 1.oas, 81 sS4 to saii .fSS ~
Both gross and net earnings during TINS
period doubled in volume. The Gross
earnings of all the railroads in the cou!l.
try In the same time increased ONLY 10
per cent. When this Is eompaTsd with the
increase that the Southern has made
over 100 per cent.-the full meaning OF inc
IN 1925 the company to carry ieSo. sS1,-
ssh tons one mile expended 7,4SS.S4S train
n1iles-an expenditure at the rate t OF one
carried one mile BY 1901 the nunher OF
revenue freight carried one mile mad m
creased over 10 per cent. While. OWING
shown in the operating department., the
number of train miles had increased snl}
81 per cent In other words, during tile
last fiscal year the company was abe 70
one mile with only u, aszzs 52s train miles
ali expenditure at the rate of one train
mile for every 19l tons of freight carried
one mile. Simply thronsh improves mp o,,, o ~
Z
was able to save 3,S25. 634 train miles In
the fiscal year just closed. The average
expense for repairs and renewals for loco
motives and freight cars per mile run dur
ing the last fiscal year was, respectively.
SIS. and oS1 cents. The saving In train
miles in these two items alone was equal
TO a saving Of nearly a quarter million
dollars.
The Produce Market.
The first orders from the Southern
to come in. and are hailed as forerunners
Of better things in the apple trade, from
this point. Since some little time before
Christmas the Southern markets have
been filled up with stock laid UP. but this
appears now to be exhausted. Good
Johnson winters and winesaps are sell
ing at $50 per barrek Albemarle pippins
are going anywhere from IS to 50.
The general trade is rather dull. There
has been a general let up i'll all lines.
and there is no prospect of better things
just yet.
Dressed poultry is selling at the follow
pound, ducks. l. to. 10 cents: chickens.
ROSTERS. s to 10 cents: mixed lots. 10 to
IL cents: geese. 10 to II cents.
Game IS selling at the following rates:
Rabbits, 10 to II cents each: partrldges.
10 to II cents; pheasants. 50 to 50 cents:
squirrels. cents; wild turkeys, 10 to Io
cents per pound.
ana are selling as follows: Peaches. to
SIS cents per pound: cherries. 1e to 12I.
cents; blackberries, 4 to II. cents: rasp-
berries; 12E to ID cents: whortleberries,
Butter is worth as follows: Choice
dairy. IS to 20 cents: choice farnily-pack
ed, - to % cents; choice store-packed. g
70 u cents; choice rolls, Is to 20 cents.
grades. IL to II cents
Eggs are holding steady at % To u