The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-12

though nothing in that line is expected at
present There is a proba biity of
further issue of japanese international
bonds here soon, similar to operation of
last year.
The Grand Trunk statement, showing
that the entire deficit had been wiped out,
and that balance of 10000 re-
manned, exceeded the most ssngune ex-
pectauons."
New York Feb. n.-There was profit
taking on quite a heavy scale in stocks
to-day, said 10 be for the account of one
of the principal bull operators. The in
terval Of two days before trading will be
resumed on the exchange was the mo-
tive for closing up some accounts, as is
always the case on the eve of a double
holiday. The sharp advances in some
stocks at the opening afforded the more
favorable opportunity for realizing profits.
The opening rise was largely influenced
by the higher quotations for Americans
sent from London and was also helped by
The marked strength of one or two spec
ialties, notably Metropolitan Street Rail-
way and Peoples Gas, the latter on the
published report of the company's finances
bought here on a considerable scale and
helped TO sustain prices to some extent,
but the offerings we're not well absorbed
and support was largely withdrawn. The
weakness of stocks encouraged the putting
out OF short lines. The covering of some
Of these before the close brought them to
level materially above the low point but
still left net losses as a general rule.
There was some very striking move
ments OF prices i'm special cases Metro
pohtan Street Railway continued it's re-
markable advance, rising al one time 8
points, but closed 2 points below that.
Ihird Avenue was up al one time 6Ia
points on the announcement of the acuui-
siuon OF large connecting system. The
stock reacted points before the close
some OF. the notable recent advances
We're due to the rumored tendency of
plans for the distribution of the surplus
resources to the credit of some of the gilt
edged properties The prevailing abund-
ance of money is said to make the care of
the surplus funds increasingly burden
some, Such property is Pullman, which
advanced an additional point to-day but
reacted points on the closing dealings.
Adams Express was ex-divldend of per
cent. to-day and ex-1O0 per cent. in bonds
TO be exchanged for stocks of the compa-
ny. The closing bid yesterday on the
stock was 1877 and to-day's closing was
100 bid and 40 asked. The days dealings
in bonds continued on a remarkably large
scale single lots of par value from $4,000
up to $4,000 changes hands frequently
The par value Of sales for the day of
Atehlson adjustment alone were $4,000
Some of the speculation bonds reacted
quite sharply in sympathy with stocks.
but the general tendency was upward
Total sales of stocks to-day 1886, 800 shares,
including Atchison, preferred IL, 794; Chesa-
peake and ohio,3S65 Burlington, SO $780,
Erie, preferred, 4,270; Lake Shore 6372
Louisville and Nashville, 1901; Manhat-
tan. 22,0S0; Metropolitan, 80, 565; Hawaiian
S,l5l; New York Central, 25. 27O: Northern
Pacific 6.625; do preferred 6,922; Rock Is
land, 6SO5; st. Paul, 1855; ST. Paul and
Omaha. $3.50: Southern preferred 91s6;
Union Raellic, 1914; Tobacco, 22,540; Chica-
go Great Western, 3115; Peoples Gas. IA
$40; Consolidated Gas, 5,S37; General Elec-
trio, $3.50; Sugar, 1855; Rubber, 4,O4O; Rub
Der, preferred, 6,O27.