The age-herald., 1901-02-26
SPASMODIC DAY
 IN STOCK MARKET Sudden StreBgthsF ollowedfbya
 Heavy Relapse MANY STEEL RUMORS. OUT Excited4eFddIngaof Brokers for-elocks cf4steei Stocks Soon 4Sent~SteeI
 Prices Up Like d u Rocket

New York. February g5.-The stock market made 8 remarkable exhibition this morning of spasmodic strength fol- lowed by sudden relapse and (. period of undertaking dullness and dropping pricos up to the close,
 Enc principal influence 4psthe, opening bulge was the circunstantiaf acoounts of the alleged details of the steel mersar end the terms of exchange of the pro. posed new securities for the existing stocks of the steel companies.
 This accumulation of conjectures was supplemented by reports of the proceed. inss, of brokers tip town during the three days interval while the stock exchange was closed. The prices bid by some of these brokers for blocks nf the steot stocks and the safes made according 10 report about therup town hotels to exotic speculative oupidity. The excited bid- ding which was thus atttracted dealings sent steel stocks up like 9 rocket The plate was the most notable in the width ofits fiuceuations. The stock was rushed Up t5 points ip q few minutes on short o6efsnes but it uftfpatefy gave way with Inc whole markell The othep stocke, ip- ciuding both 4hescommon and preferreds' weye strong.
 Ehe room uperators were obviously dts- ppsed to lot fh9 group atone. not caring $ accurata knowledge Of the Value of the stocia Besides this influence, yl4ch whipped fhe steel ssocSs Into effef-. xsscanoe. the Sasopable bank statement shpwing Q surplus reserve, The check to tie feosht bsavY Increase n the loan ifefn was srperfcialw fegafqed es fav- 10 calling ln 6f fcans placed in the stock fdaflzet fed eo eonia later RppSehension That the process would be continued h $urthA1 preparasApn for corporatior financing opefatiouA Eondonseefat highcf prices under the favorabie influence ot
 fS fsoSSss asa susasssss ooS deaa sn sa dsxaiops iatet tn the da1 for the Southern Rail- &ay etodes and there were isoaated iiie Htahdas H atcengsh aknnpg soma of tho less important railroad stocxs, All other kuhstdesn4iona. however, yielded to dis AppoinAnsna oEey the ssin fnsthep post Si teyrns uf the ateei fnerger end to grow Ing soepttohm as tp the acctaracy of re~' hoSss eaready 6ixTeht, With the reaor ffouar3 tendency thus developed theroi bhfne peheWad HpprehenPion oyer the' Nssoa4 nn the hroneT market pf thseteel MefBeA EaMT sl ene A.ilspa1 IH s! taSS wvY wvsY B{ khe tsaoBt fnportant of Aaseteel .skpciss 3M back below fhdrsdasts Jewel, Aeal snd wir9 taiung four pnihta iDwet thss Rksrs6ays TosA %asionai steea ? and Nat.ona Hs6e Fl l.. m .,a ssate ls, sssaseda sats a ess sssI T B sss as oss sss ss saS sn %sss hGss s knh M There was some Htiffenins in fHS etuuH oH shuht lowering at the caose but shers @ha nothing left 1f the early dayE dlsssfef Off the esolderi GatA Tho bond market was incaned to go cn in the HAefnoofas gus feseined ( part pf the Morninss uuvssnces. Total safas par value, 1sagBoOu. Unittd Htates erefundingc & ads Vnnced Is and the Ss 1-4 per cent on the Ktst cali. The new r-4sSdecIined-4 -4-a.
 New Yosk Stock Market,
 93vsfrfyater wire to Murphy e Co.