The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-02-09
STOCKS AND BONDS.

New YORK Feb. S.-There was decided
falling off to-day in the speculative inter
est of outsiders in the stock market. There
was a considerable degree of activity and
some irreSularity but IL was largely due
TO the closing up of speculative accounts
on either side of the market by profession
al operators. The professional bulls mani
tested no disposition TO bid up prices
where there was evidence OF an outstand-
ing short interest. but were content to de-
vote their attention to the liquidation of
their profits
on the other land the bears showed no
ag9ressiVeness in offering down prices.
where realizing was In evidence, but CEN
teted their attention on covering up their
own short contracts. While this covering
demand from the shorts was in evidence in
a number of conspicuous stocks the pre-
dominant disposition was TO take profits nv
selling out long lines.
The center of the demand from shorts
was sugar. and some of the other indus
trials. Including one or two OF the metal
group showed sympathy. Others of the
metal group the local fractions and the
railroads generally showed the effects OF
realizing all day. The profit-takng was
conducted In an orderly manner and with
out any such violent movements of prices
or furious activity of trading as was the
case yesterday. The high opening in SYM
patty with london helped the proflt-tak-
ing but opening prices were generally the
best. There was continued large absorb
ton of Union Pacific aft.r the reaction
which followed the dividend announce
ment, and the railroad list generally was
well in hand. prices being rallied occa-
sionly to facilitate the realizing The
report that the Union Pacific had deter
mined to close the Ogden gateway caused
some heaviness in the railroads which
have relied on that outlet for traffic to
the Northwest notably Burlington, Rock
Island and Missouri Pacific.
The local traction stocks which have
shown themselves responsive 20 develop
ments In the rapid transit tunnel project
were weak on the announced decision to
accept the contractors bond The stormy
weather prevailing In the West. perhaps,
had some effect on the railway list. The
announcement of n bond Issue by the
Western Union Company of twice the
amount first reported yesterday, caused
weakness in that stock.
The expectation is growing that Satur-
days bank statement will not show the
money position strengthened, as the re-
ccpts from the interior have shown a fall
ing off owing in part to a renewed demand
from the South to accommodate cotton
movement stimulated by the higher prices.
It is obvious that the gain made by the
banks early I'm the week on sub-treasury
opera lions will be about wiped out before
the end of the week. There is in
creased Partially for the railroad stocks
as collateral as a result of these develop
ments.
There are a few gains on The days trad
ing, init net losses are the rule.
The bond market was moderately active
end showed recessions at some points.
Total sales, par value, $l,9l5,000. United
States old As declined "A In the bid price.
The total sales of stocks to-day were
564. 800 shares including Atchison preferred
80 ,420; Baltimore and Ohio. 800; Chesa-
peake and Ohio, $3.50; Burlington. 1880;
Rock Island $500; Manhattan, II 260; Met
ropolitan, H750; Missouri Pacific, $500;
Norfolk and Western, 1880; do preferred,
$3.50; Northern Pacific, 15 800 Pennsylva-
mia, 6,470; st. Paul, 15210 Southern Pacific,
10 1885, Union Pacific, 81, 49, American Steel
and Wire, S,545; American Tobacco 2l,20J;
Brooklyn Rapid Transit &c. 937; Continental
Tobacco, $50; Federal Steel, 10. 400; Ma
tional Steel, S035; Sugar, 94.473; Tennessee
Coal, $685. United States Leather, $500;
Western Union, 9703.
IL