The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-02-07
i'm THE STOCK MARKET.
Trading 10 Stocks and Bonds showed tx
irsordinaV Volume and Variety.
AGGREGATE SAltS WERE l,S642)o StARi S
Also Very Large, hut Did Not
Reach High Level of 1880.

New York, February 6.--Tns trad.os u
stocks aud bonjs odsy showed ex.ssoriinl.y
y,4une lnt variety. ,de sgssesale salss ..
al s4.oAs gsaUI.ns l,sor.v,, compared Wa
Tue re-y.I % ,yer -,.ly,elV snatep, w1.eA
t..J vNc,tsb tbe.n "A. 4Iy ,--.Ies4 d
ooasB aas a.so vsIy -sse, %. !. IA NJ
isath .As eel a..s!Jeu a. VARIOUS lD41s
Ii ne iu.l u.lrEe. u .ns spi.ng ~. .s9s. =
1 ious. borne IA Innd ia. the de ,itks
IL r-...5 4tv Gs.,.i....-4 $780,. 49,. t-..
par ,ags ca Lav securities .-"s.-IIeI aii
.ue t.Aps ,.A... WlIe uiost -, g.. -C4i. IS.
tue day ; tiansa -t-one were loS s9scuidtN g
aus, N man. case. at-.ls s. .1ss .a-i 1iu
.nsir par ,atue. Iao demand tor galway
bonus - neft,e"o.ess 81 very notsV-e lea I'VE
IL "A current narNtl ana me pressure o. o.
a -then. IJnls we sea- IS. scii1 ava
senGnen, "a tae market.
dc Gay o.-sk=t ii.ded Itself distinctly
iato hg.e classes. Inc nrst was conp. SCI
the open ma oula IN @n.ci sae >'2.en'
CGl'pcr i've Dvi.ng due 70 t1e cV1ses-.Vl
CT LtsrU, ouyins orders over A,s1t >An-3.
soTo s4nssHaHa! advances Press 1gonPtr
ran oil on prCh.-taN.n a. -rac.Jl oy l0ss
j. al isyel aG1 toe msrke,. y.eioed 50 easny
mt ne peas traders made tkofous a.
Ia X. ,aus.ng some rather serious BREAKS "a
pflues. iH.a ,0AMp. 81, sae sc.1L" ~ AZ d.
,Ge market Wien the selling mood LA -
causted -tsef, the traders began 10 he IN
pressed VIII tho character OF some o: Tue
puy ny At fhe decline. When tne sem.-au.
nusl v.1end on READING hrst preferred was
e'nount 90, shaving an insre,se from i'e'
became tufious,y active and cons,dsta5 .
snort .u,eres, vas driven prec n tstely 20
cover. This compr sed t1s ma. cycle "a
re marke,. The h5a, recovery ~ls broSen
oy frequent peroiS Of ting, wh n
continued q some cases TO toe clese, max
the tone siigh'iv irregular ~ the last. thong 8
ina u1dertone was strong
The o7eu.ue bulge was most prom ounted in
ri FAgle Ea. - 49, o. D..
rr51ilg BELIEF IN me plan 70 consolidate all
20 sr@7t steel ecmp1nes. THIS "n.ijicn.
doNSr eorsol1aiion - s'upendouF "a Is
prcpor'io and offers such vist possib ties
fer do7tstor ~ new securities as TO dslI :
he most fertile soscujst.Vs nag na,,on. Ths
curren holet - scco r.pl shnen U7d"ri. ..
f1s Whole speculative moyeTe7. o. the dly,
although here wore other ,ond.j cns Va. h
supplemented u The mos conspicuous move.
mentS IN the steel stocks ard the largest
transao ious we-e In Federal Steel and Steel
an Wrs. FEDERAL steel rose "a and the
p-efcrred ~. Sec and Wire rcss and -.
preferred > Natonsl Tube pos "a snd "a
public sfesi preferred 81. There VAS era
siderable reaction n MS sropo a. cell a.
IN be while group 'f'tr 'ha opena7 hulg'
The selling n take proAts showed sErs
IT urgency a navy 70 MS in me railway E,'
aud some o. the leadng :, ocks g, from !
70 feDts under lsst o.zhi Thoss ph' n
7cakfst o. the dec ne, Fennsylvar!s tho
r-slRers, 'hs Scuthrestarns. .ncluj.nE A.
c9ison and Southern Pich, and Laul'v'lla,
were all cou1p.cucuslv aesVy Some o. tnon
remained comparatively heavy uot'i .he lose
A. honSh 1he late violent recovery - the
Readings and s. Paul affected the nembo-s
~ their -sspectivA g-oups. The helie' mas
heer raiher fcs'era1 that 'hs 5iv.dsri o.
Re "a ng trst preterfuj would 70 rns'a'a.n,d
on ! per cent basis and = .acrease - >
rsr cent bass caught a large shor, in.
ter"st, no IN tat siock and in the Er.ss
The hope is ~ outraged Of a c1nmearura .
dividend IN E-e mrs preferred Tno ',je
urovemen' c9rrs1 Reading frs Preferred ~.
over last u.tht and Frs frS. preferred :.
In.on Pac tic Welded undsr TIE early Iron
tsk.ng. but took very prominent part IN
me recovery. reaca1g Level 81 ovsr y,s-
torday. Denver and 10 Gr4nde made SEN
sttloual advance Of 50 and no preferred Of
IS, while otbe- COLORADO socks we're at
tected 10 less degree IN the snppo7ition
that ihelr snaiEamat'5u s imminent
CAL money again rose above the re entity
current rate In the lss, dss ngs bu' WIN.
out fsctng the bull'sh entrus 'asm No gold
was engaged Tor export. vhiCh was not
surpr Sc in view Of the downward course &
foreign intsres, rG.es and me general ep-
necta tlor that tho rae Of discount o. III,
Bank q England will nc reduced tomorrow
TO be followed by like action oy c 1er tor
elEn government Banks
Wabash debeDtures were the feature OF the
railroad bond market on an eXdene 40
vance Of ~. Other lower priced bonds were
IN large demand. Total tales, par valuc,
Y5,o, 0U.