Show IRON AND STEEL LED TH THE E MAR MARKET Stocks of Southern Companies Es Especially Especially Favored RAILROADS WERE HEAVY HEAP RATE BILL RESPONSIBLE IN INTHE INtHE THE MAIN i iNoV ii i NoV Nosy York Fob Feb feature In s tocks today was was the aggressive advance in i n tho th iron and steel teel especial Iy l those I y whose property holdings are In i the he t regions The effect of this movement on the I list vats as ex cx i t moderate and a fair at f proportion o the prominent h trading stocks were eavy Thu rhu imminence of a boll holl day d ay undoubtedly had its d usual effect In the volume or of professional o except so 80 fur far I as the closing ot o f outstanding up I contracts Was I Contemplated absences for longed l more pro periOds the tho on part of v ery cn active some ome ot of the speculative I also a looked operators Were upon as Indicating the hood h of dullness In Ia the immediate future There were some rumors pointing to a distressed d short interest or of long standing I being closed out especially in and a nd steel stocks the Iron i But the strength In this more group was plausibly explainable by the tho per s rumors In circulatIon that an old standing project had been revIved for the consolidation of the leading independent companies of the southern region Ten Coal Republic Steel and Sloss Sheffield Sherfield Steel were immediately IndI Reports of the flotation of a bond i Issue su to take care of short time notes b by RePUblic Steel and an assumption aL ac provision would be made out of the pro for tor the accrued dividends on the stock were potent factors In that stock 1 tt S Steel itself Itsel showed entire once to the early ot of the movement but rose strongly at the last The rail rall road rond list wu was but scantily represented In the gains for the tho da day and most of the prominent stocks were sluggish through out The passage of the rate nite control bill biJl through the house or of representatives wua held responsible In some quarters for or the thc heaviness or of the thc market Another motive motho assigned was WIlS the prospect or of a weak bank statement The mone money market con very easy and gave no evidence or of a diminution of oC the sUJ supply PI of available credits The buoyancy ot of the iron indus trials held the latter market but the Indifference to the railroad list was un relieved The closIng was firm Bonds ore Irregular Total sales value alue 5 par U S bonds were aU all unchanged on oc L call |