The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-02-12
IN THE STOCK MARKET,
There VAS q Very NolsbIe Decline 10 ib,
Volume Of Dealings.
THE PRICE MOVEMENT WAS MARROW
Greater Part of Business In Standar I'd
Hallway stocks Was Below
Saturdays Level.

New York February 11.-There was a
very notable decline in the volume OF deal
lngs in the stock market today, aud the
most active stocks we're those under pres
sure. with the exception OF Union Pacific,
which was bought with persls,ency on rIs.
ing scale. The market was again charac-
teried by the wide movement in large
number OF stocks which are seldom prominent
in the dealings and which sometimes do
not appear in the record OF transactions
for weeks at time In this class some OF
these recently brought into prominence con-
tinted active at further advances, while
oilers met proft-tak,ng and again turned
back. Tho movement in the general IIs,
was extremely confined ali day and Inc
greater part OF the days business in stand
ara railway stocks was done below satur-
uays level London sent lower prices for
the internationals TO start and there was
some selling OF Atchison and at one time. al,o
oil Uhion Pacific. A strong rally in the latter
Drought the market generally to the best of
the DAY. Union Pacific was lifted nom
over Saturday and the preferred Ia Penn
savanna was the only other active trading
och among the standard railways that no q
90 much as point over Saturday, and IA
TACT. no railway STOCK OF Importance fell
90 mucn as point below Saturday at any
time. thus ind eating the general slugelshncss
OF the market The soeciaities did beiter
sugar rising at one time points and PEG
PIES Gas 2Ss, the latter on the good financial
showing made in the annual report Pari1c
Ma gained 2A. Western Union was adj
xahced 1875 on dealings attributed t6 A pool
Inc steel stocks shared in the s'uggishres
Or the general market and only Inc pre-
Ierred stock Of any company sold as much
as point above Saturday. They were as
RUE. however, FIRMLY held.
speculation, having accepted the rcported
merger as TACT, now waits on an authorize
| i've announcement OF the financial term,
| on the deals for further judgment OF it,
| beEeh's The speculative enthusiasm over
| the advantages OF the proposed deal ma,
Gene to be somewhat tempered with the
conviction tina. the steel trad, would n.
much worse off falling the deal than II has
| bten. 'N"u 1t nus
a rather dlsagreeable impression to specu.
| la'ors in tho steel deal was created ~ H.
| DAY slump In the smelling stocks. Offering
| an eNaTFle o. the possibility o, obstacIes
! 10 great consolidation plans, even when
far advanced toward completion and Of
the demorall1ing effect on prices OF a hitch
| in the MANS Smelling common fell an ex
irene ~ unrer very heavy offerings and the
preferred 4 The rallies were h'ful and fever
Ism the common stock closing with no.
| ICES or AZ. The money marke. conditions
| dFc'osed BY Saturdays bank statement had
| y oe'ressng influence which was aggravated
| ny the subtreasurv larre SUBTRACTION from
| me market on account OF Saturdays Central
! Pc nc pavnent to start he week with
me bond market continued active but
! .ntr" were some very i-'por'ant reactions
Toal sales, par value s. 80 co..