The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-02-01
Just The Sort Of Occasion Some Would
Have Chosen 10 OIden Days.
now EftNf AND GATES SCORED
Tho Rockefeller Interest Is Now Quiet.
Apathy IN Stocks While Bankers in
Seutt---T sNina Of Bonds
tspeeial 70 The Post !

New York. January SI.--The feature OF
the present stock market Is the utter alb
sence OF bears--that S. aggressive operators
OF the kind that used 70 knock the spots
on from things" whenever the market got
toppy aud showed Absence Of buying power
as the expression gees In Wall street. The
present time, which is marked by public
apathy, Is Just the sort OF occasion that
keene or Cammack or others OF that Tx
would have relished in the olden days With
what aest did they use 20 poke holes In
this stock or that and cause terror all
around the room, Thousands OF shares Of
particular stock would be dumped onto
tho market In rapid succession and when
nobody stood ready Co take lt all down
would go the particular Issue that was un.
der pressure, and nearly everything else
would have a sinking spell 'tn sympathy"
Sometimes the scare was so great among
the speculative element that there would
be several days OK decline. Active issues
would suffer losses OF several points, there
| by resulting Ia large additions 10 the bank
accounts OF the instigator OF the raid.
"Keene ana Gates are still on deck" is
the natural reply TO the question as "a
| what has become Of the bears hut what
Is the matter with these formerly daring
menW From all OF their recent utteronees
1 and also from all the signs as to their or
! erations IN the market during the last year
they are committed 20 the bull aide, Wal
street as a whole does not understand IT,
! aItho1Eh 6ome careful Observers claim t'
4 be acquainted with the inside facts, Hint
In regard to the real cause have been
dropped from time to time and recent DE
velopments bear them out. leading bros
er thus explained Il;
THE dnaucial interests foresaw a loni
time ago that 1t Would be policy Go get Keen
aud Gates so involved on the bun side Q
the market that they would be too mucl
shackled 20 do any harm, Morgan, when h
formed the steel trust, which would oe pal
ticularly susceptible to bear attack NIT upo
the plan OF employing heene TO run tn
stock market pool, making an attractive OF
Ter 10 the Inter, ain told, and indicatia
thar the STOCK could be put up Nety lhl
with resultant pr0hts 70 re unatrMIltlu
syndicate. kceue ttlt uattercd az lhls tAh
bltion OF confidence, although ne 9ouullef
saw through the ruse But In partnersAi
with Morgan he stood 20 make lar Wete' Z
he probably Thought thQu ne coutN y
jumping on ting market wien hIS own ~,
will dictated. II the facts were known "
will hud that heone not only accepted ~
pronered interest In the steel Syndicate an
market end, but he loaded up heANlly WIZ
the stock 90 Ills own account way shoui
) tianalf That was just what Mr.. Morga
wanted. he knew human nature we
enough 60 assume that the Willy operat'
youid lose his cunning while on his guar
Then Morgan had other Inc things on q
: program which be gave heene an inkhI
ofEfor Instance, the anthracite deal
Eeene loaded up with Reading also. So
- committed himself 20 the bull side and oth
offers came to his door, such as a prop9'
A., ti0n to head a Southern Pacific pool, l
got In there pretty deep, II what wa
Street hears is true, and apparently most
. his fortune IS or was Invested In securltie