The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-02-08
i'm The STOCK MARKET,
The Big Iron and Steel Combustion Deal
mated The Market
stOtKS IT INCLUDED WIRE re WI.
q,
The Railway List Had an Opening
EnIge md u subsequent De-
cline on roGt-TaBinE.
,totKs II INCLUDED WIRE rt~y.U.

New York. February The glamour CT the
VS.. protected STEEL comaiaaton vas still
over wal sres: ,odiy and donini;ed the
npecu.st on almost completely. a renewed
upward moyemeu- In Un.on Pac.hc formed in
,bccye supplement. rs s,eel 80 Ks all
opened n[a.ly siroas AM hal socd al
rsncss rpder ihe noti OF ouy.ng O. icrs at
;rlt cd oy. the ssl.h,aa admissions from
su ior ..ts n The s.cel trade IS 10 tae reality
Of pend rs nes s.lscsn- l'ne enormous vof-
ume o. tAs oner.GsS dur.hs the hr5; 1our,
e.pcc az In Federll steel, MADE i Gear
to trader: hat l3ders. of 'try large anoun|s
Of ID 5 sttgN vera T.ii.ng 10 a.AI theIi-
selves CT the eooi news % realize p'.n's.
Tne amour Of 3:ceH5 encsulherei At 80 was
apparently II m. sic, and not only Fedcrsl
Steel. hui he "ll!e aI"et s.Asss.lI uA-s q
Il ConsiJeI-'i-G oi tne kno"d tJt.5 re-
gari.us iae seel negpta ..ons o.sc,osed thar
a sool deal wAs bC'Ag tchen for srln I'd py
tn specu.at.t5. lal. Mr. C-rIts lii N
d.ca.ed Willingness o eel. N- Goa rol =
us ptcb4riy sv-.ltG to - idn.t,td, "a
tao sIr.h ses ,lr Ing The lar acr plan
fer no ''o!.llon- ~o..ir stetl rust had ef.-
"a ne1 fst,s. lere we're enAtIG, ~
nations hrcwn gu ma he y s.e n-st,.s-
tons were st.i. IN a somewhat del.-ate 3,
su as le.. the possloliy Nhl; ul1rl-iel
IL Of :
seriously interfere w.bl tae con.ll. ma "a
The ides OF being long CT he eel sto,Ks
vita the proposed eGnp.nad-n collapsed aud
abandoned was suillc.ent 10 cause nervous
Stale Of mind snlo1ss. sone OF le speed
la.ors @io have ,aktn on en- )rnors Ines ~
the ocl.>. The cp?' a!1nc9 o iisi-7 &C.
ug a~deu % zoe psr.uroa' on w. -
specua We position taus Maie vulnerable.
Inc stocks seTe subjected 10 severe hlndlng
during til -. T-tre was a monea - ~
pause IN ,ae ia u: t. was renewed aga n,
carry ng .Federai sietl doNa an ,exrame 1'4
Fedora! s'e,i arat:'red, Steel and We; Tea
nlssee Ccai and EAt.on3l Steel ~, Colorid>
Fuel ~, and otler members OF he group
fem % pon,s Tha he5e violent ds-
made manifest BY lie sudden re over es
vaen the 5h5rs BEGAN 10 cover s. eel aai
w.re rally uS "a. Federal s.es preferred
~ ana otner stocks n ihs group from
Tha !llway lis. hal It's opening bulge and
subsequent decline ca prom ak ny, put q,
was stlhened up as1!n I? 'ome togco nv -
remarkable advance in Cnion Pacific OF ."
po.ies 10 aIl2 '.e runr - ..t~i,.. D..
stock s.ue to provide tc- 10 southern IA
etc purchase 4al been IN ierHr.;ten at par
Union fPc'fc. Here. agi.a Re hgl lese!
invited enormous resi.z.us The movement
elsewhere in the ralwny lis was rather
mildly responsive and on'y few ether rail-
above last nigh With the 'ar drive aga rs.
.ho steel socks, t1o N1ole Is :u.As. 4,
un.op Pat.fc yielding all bat small! tr5t-
ion Of Is advance and Amy narke leaders
among the gr, GERS. ctlcrs, runk lines,
P.chcs and Southsesteras failing from to
points below las ngIts leve.. The selling
carrying t1at stock ~ undo las. nignts
level. an extreme c1sp Of points TAs hlll
rally IN I'm 81 Va Ar LET il wj.A No ioss
Of IN The vo;nne q deaf asa1 ra1chod
the recori. --t thsre hcve seldom been such
excited deliisgs ma 5u'a w-ie ami crrat.c