Show STOK fOks IN INTHE THE EASt Liquidation is the Order ot oX tiLe the i Day LONGS AM UNEASY HT IN THE TEB STEEL DEAL DL CAUSES New York Feb was the order of the day on the Stock and the close of ho day the t selling became urgent in n some om of the winch which have Iy been highly manipulated c at in n the progress proe of the extended ad advance adVance vance The Ta depletion of margins and me uncovering of orders were ej vl denti et ible for jw some me of the th h hevy offerings of tock stock which were tumbled Upon the market in growing volume as a the decline in prices proceeded alt 11 speaking there thre was a feeling in spec circlet circles that the good news was alt all out to use u a favorite Wall Vall street phrase Th Tb fact that thc tho days day news did pot not bring any announcement of a gigantic combination in pro i or in course of achievement probably had much to do this feeling The highly seasoned rare fare to which the Wall V all street palate has been accustomed leaves the speculation rather flat without Its accustomed bracer of a financial consolidation run running nine ning up into the millions The Tte disinclination nation to look tor further important d de in the immediate future was emphasized by the current reports of eon con contemplated winter vacation trips by sev sv several eral ot of the capitalists who have beu foremost oe figures in the great financial projects which have recently the speculative world There has been dally daily and even hourly expectation that the de details details tails of the financial plan for effecting a merger of the steel combinations combination would be officially gien to the public The delay in giving out this thie Information has been trying to the nerves of some of the speculators long of the steel stocks and aad they sought nought relief today more than on previous occasion the projected merger deal became known by unloading their holdings The repeated rebuffs which the he bears have received have made them very r timid and there was not much muc evidence of a demand to cover short abort ac accounts account counts count even at considerable d There wa undoubtedly large short seli Ing however er today in the belief that an extended period of reaction had been fairly inaugurated a belief which has bee been indulged in many e before the course of the recent extraordinary mar market marThe ket The course of affairs in the money market gave substantial ground for ap apprehension 4 on the part of the speculators T dependent on loans for carrying their holdings It is evident that the recent enormous extension of credits for finane ing railroad combinations has much cur curtailed curtailed tailed the future resources of the money market The reflux of funds from cir circulation circulation is distinctly less with the tha grow Ing in activity of in incident client to the spring trade The absence of American subscriptions of an any im mi important to the new British loan Ion excites It is t due in to the easier conditions of the foreign money market which resulted In the te present ss to American In but there can be no doubt that the narrowed surplus resources of the thew w York market marke also had to do with prevailing American bids for th the loan London was a large speculative buyer of stocks here this morning mornin of Atchison and Norfolk A Western estern nut but the heavy overcame ov the London buying and swept neatly nearly every everything everything thing in the market below Mondays Monday s level Western Union end and St t Louis A San Sait Francisco second preferred were eon con conspicuously strong and retained small amell gains The most acute weakness was F shown by Sugar Missouri Pacific the ther r steel stocks Tobacco and the grangers and Pacifies generally The market closed under pressure presure and near the low lowet lowest et est Bonds were weak in with stocks stocka Total sales salea par value 6 CW Bond Quotations V S ret ref y K 1 J t C gen fal falDo Do coup M Nor Pac 71 I V S as reg H Nor Pee Pac 4 V 1 S N Y C St L T 1 S 5 n IL 4 la I L 1 S n te N W con V 1 S o 0 4 mg Ore Nay Nav Is WT 1 Ore Nay a 1 S i W O 0 S L te j 1 V S coup 11 Consol D C 3 I Read Bead gen g n Atch gen R IL G W Is Adjustment 2 St L A Iron M Can So Ito I consol So Soi 5 i 2 A 07 0 1st I 1 San F 1 Fi i A n 0 Set a is r general s sC C N W eon con St Paul con conol ol St t P C P Is Debenture St PC P C P 5 I Ihie hie Term 45 97 7 So Pac Fac So 4 So Ry 11 D 1 R G Standard Rope Erie Krie gen en 84 i Twine i iFt Ft W Den Tex lox Pac ls Is City ity Is Tex Tea l Fa c fe even Gei s Union Pee Pac la 1 rent ant Is Wabash Is T L N u i Wabash Ill Ui M K T 2 7 West Shore M K A T Wis Cent Ces la Is laN IsN N Y Coat Cent Is Va Vs Centuries Stock Quotations Atchison 0 56 W L I B 14 Preferred 55 M preferred Bait Ohio 51 Wi Wis IS 16 can an Pacific O Third Avenue 11 Can an Southern B A 4 O 0 pfd pM M thes hes Ohio 41 Nat Tube 69 Chit Gt West 14 MB f B Q Qt Adams Express t 1 L 1 Asic Express Preferred 66 U S Express 7 C EL E I Ic I IN c A N W Cot Oil 30 t R I P 12 Preferred j C St L Malting Cob Colo Southern 1 j I Preferred 24 1st preferred 45 S R 1 16 2 24 l preferred 1 i Preferred 16 Hod Ama Spirits D Ii L A W 94 Preferred 7 1 X 4 R Q U 42 1 Ij Preferred J Preferred 75 Erie mn S A t W W I 1st preferred 66 5 Gt it Nor pfd Ama Tin Plate W 64 Hocking Coal W 16 Preferred 91 locking Hocking Valley 4 V Amu Tobacco 11 Ills lUs Central 1381 Preferred la Central Ana MilL Co 45 Preferred 53 3 Brook Rap T 7 76 4 Lake E 1 v U Colo C F A I 1 15 fc Pr Coat Cont Tobacco 41 Lake Shot 0 Preferred Louis Nash federal Steel Manhattan L Preferred Met St Ry Gee Electric 1 Mex Central 17 Glucose Sugar Minn A St L 71 11 Preferred jj N Ni i Preferred lateral 22 Mo Pacific Preferred W Mobile Ohio Laclede Oa M K T 9 Nat Biscuit Preferred I Preferred 66 X N J Central Nat Lead N Y Preferred Nor West Nat Steel Preferred 81 Preferred Nor Pacific N Y Air Lir B Preferred North 21 On W West st stO 6 Pacific Coast O JR N 42 1st preferred iC 24 preferred 63 6 Pennsylvania 14 1 Pacific Mall Mail 63 Keal ing Peoples tine Ml 4 1st preferred Prea Pree e i Steel C t 31 ki preferred Wi Preferred s B G w 5 Pull PaL JC 1 K Rope St L San t F A Twine b S Sugar 1st preferred S1 ugar id preferred 66 Preferred Ill St U 14 S W cnn enn C A I IS 66 S 8 Leher St Paul Preferred S 3 Rubber St P O OSo Preferred 16 So Pacific 6 Union 16 So Railway ual Copper n 62 referred Preferred 15 pt p I A ST S 11 1 4 TeK A k Pac Preferred K 62 KP Union Pacific P C C A at L AY Preferred abash k total Preferred i ii |