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Show NOT MUCH OF PANIC. The incipient panic on (he New York stock exchange appears to have boon sqnolched, without anybody being particularly par-ticularly hurt. Confidence is returning, return-ing, and prices aro seeking the former levels. There is reason to believe that the flurry was 'iianipulated by thoso who wished to coerce the President, and to compel the Government to come to the 'relief of "the street." That vacuum can and does absorb gold at tho rate of ten million dollars a mouth, but the "loss" of three millions was supposed sup-posed to bring blue ruin upon every operator. It is fortunate that this budding panic did not bloom, and that it did not I spread. As it was, it caused some I losses in this city. There were sacri- j flees of stock to protect margins, and depressions in price occurred. But the ! good feeling necessary to commercial and business stability has returned, and J prices arc rapidly becoming normal. The tremendous financial, industrial, and trade strength of tho country make the work of the panic-breeder a hard ono just now. I : I |