The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-02-14
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STOCKS AND BONDS.

that of Tuesday, but showed an in
creased disposition to realize profits
where considerable advances had oc-
CURED. The buying. and bidding up OF
either stocks to make fresh points of
strength to cover the realizing was in
evidence, but rather less effective and
was less peusistentiy maintained, the
earlier gains being largely wiped out
in the late reaction.
The local traction stocks were under
decided pressure, and notwithstanding
ing the support accorded to them they
exercised depressing influence on the
rest of the market. The same was true
OF Amalgamated Copper which segged
away under constant offerings with
out much evidence of support, closing
at net loss of 2Is There was no
news to account for the weakness. The
depression of the local fractions was
of course due to the proposition of
the Brooklyn Rapid Transit directors
to issue bonds to the extent of $780,
100000. The argument that this
version of current earnings into the
betterments and extensions and would
thus hasten the period of dividend
disbursements apparently failed to re-
assure specu1ativei sentiment, and the
open buying of the stocks y'inside i'm
terests was equally .unavailing. The
news of the proposed bond issue also
upset calculations of coming mer-
ger of all the Greater New York tran
sit facilities, which has been an in
strument in the hands of the specula-
tors for some time past. The failure
of the announcement OF the details of
the Metropolitan Street Railways new
financial plan which was expected to-
day, added to the feeling OF doubt and
,distrust although that stock itself
was best supported of the group. There
ton in prices in the news of the day
outside of this. beyond the natural
disposition to sell at a profit what had
been bought at Tower prices.
Reports of ,renewed rate cutting
among the far Western railroads may
have emphasized the desire to sell
their stocks. 2 The, reports received of
gross earnings for the first week in
February. also showed "a rather preva-
lent tendency to decreases compared
with last year. This was notably true
of the Southwestern railroads, but
there was marked strength in that
group led by Texas and Pacific with
rise of PA on intmaitions of very
large earnings. There were unusual
ly large dealings in the Colorado and
Southern stocks, which were supposed
to be due to expectations of increased
dividend Disbursements. Money con-
tinued easy and did not enter. into
consideration. The steel stocks show
ed some early response to the very ia
vorable conditions reported IN the
trade, but relapsed with the rest of
the market. The market closed slight
ly irregular but generally easy.
There was a very Large business done
in bonds, but the movement of prices
was irregular Total sales par value,
$5,810,000. United States bonds were
all unchanged on the last call.
Total sales of stocks to-day were
1872, 400 shares, including Baltimore and
ern, 5000; Colorado Southern. $500;
Colorado Southern first preferred, g.,
900: Colorado Southern second
preferred. 1920: Erie, 14,2OO; Iowa
Central, 1900; Louisville and Nash
vile, $500; Manhattan, 29,800; Metro
polttan, 1900; Missouri Pacific, 1890;
Missouri, Kansas and Texas, 5000;
Missouri, Kansas and Texas preferred
$500; Norfolk and Western, $500;
Pennsylvania, IA, $500; Reading, 10000;
Reading first preferred, 5000; Reading
second preferred, $1,000; st. Louis
Southwestern preferred $500: st. Paul,
Is. 400: Southern Pacific. $500; South
ern Railway, rs. 800; Southern Railway
M eferred, 70. 300: Texas and Pacific, &C.
100; Union Pacific, $4,000; Wabash, TO-
300; Wabash preferred, 1900 Amalga-
mated Copper, 37.725; Brooklyn Rapid
Transit, 1000; Consolidated Gas, o.
700; Sugar, q 800; Tennessee Coal and
Iron, 1900; United States Steel. a.
400; United States Steel preferred, 25,-
21O.