The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-02-12
STOCKS AND BONDS.
The Closing Active But IrreeuIa

me NtORIhE ACtbNt
New York Feb. 11.-To-day's stock
market showed a further expansion in
the dealings, and the great irregularity
of the market continued. The selling
side was rather better represented than
yesterday but many important stocks
took up the advance at new points. The
disposition to take profits was very
natural on the eve of a holiday.
There was obviously some misglving,
also, among speculative buyers lest the
expectations of coming deals would not
be realized. This was especially the
case among the local traction stocks,
where the glamor of the coming an
nouncement of the Metropolitan Street
Railway deal has suffered some de-
cline. The anxiety on this account as
an announcement of the plan is
thought possible over the holiday. Re-
cent sanguine expectations of benefits
to accrue to the express companies
from some sort of consolidation suf-
fered some eclipse, as shown by the
sharp drop of TX in United States Elk
press, although the stock finally rallied
Az. American Express, after rising
nearly points, lost 1t again The
speculative assumption that last week s
huge loan expansion represented syn
( dictate preparations for deals was sub
Jected to careful scrutiny to-day and
the opinion was developed that finan-
cial operations already known might
abundantly account for the increase in
credits. ssg@
There We're, however, significant
points of strength in the market. The
steel stocks were all very heavily
loh on a.
but the. United States Steel stocks met
enormous offerings at very slight adj
vance. The late movement in PennsyI-
vania was regarded as an alternating
movement with that In Southern Pa
cine and due to operations by the same
interest. Texas and Pacific was adj
Vanced on the strength of the increase
IN the yearly disbursement on the com
pany's second incomes. There was very
large buying of Southern Railway and
Louisville and Nashville and of a num-
Der of stocks of comparatively small
capitalization, which was not ex-
planned. The buying of the Readings
continued very large, but they showed
the erect Of prott-takipg. The Indus
trials as a rule, outside of the steel
Stocks and some of the gas stocks were
lrclined to heaviness. AmaIgamated
copper showed good recovery but
Closed with small net loss. The clos
ing was active but irregular
Business in bonds continued large
and the price movement Irregular To-
tai sales, par value, $464O,00O. United
states new As advanced u per cent on
the last call.
Total sales for the day We're $50. 500
shaIes, including: Atchison. Ia. 900: do
preferred, $500; Baltimore and sObio.
500: Colorado Southern $1,000. Erie
5000; Iowa Central, $500: Louisville
and Nashville, 100; Manhattan. Is. 400
Metropolitan, 14,7O0 New York Central
6lOO; Pennsylvania. SO, 100: Reading
$500; do first preferred, $500: do sec
ond preferred, 1l1,60O: st. Paul 10. 200.
southern Pacific, 67,6O0; Southern Rail
way, 35,1O0; do do preferred. $500.
Texas Pacific, 740O: Toledo, st. Louis
ana Western preferred, 5000; Union
Pacife, $1,000; Wabash. 5000; do pre-
ferred, 14500 Amslgamated Copper.
1890. Brooklyn Rapid Transit. ~ loo.
Consolidated Gas. 1890; Peoples Gas
500; Sugar, 1890; Tennessee Coal and
Iron, 25.7OO; United States Steel. $500.
United States Steel preferred, 1900.