| Show FURTHER BREAK IN WALL WALLSTREET Great Confusion of Opinions as asi asto asto i to Cause of the Present J I Demoralization 4 S t I MARKET LEFT MINUS PROPS SUSTAINING INFLUENCES HAVE BEEN WITHDRAWN i New ew York Sept 22 The disorder of or the 1 transactions at the stock exchange today toda t 4 during the demoralized break In prices was wa not greater reater than the excessive con confusion fusion and anti contradiction ft rf t the opinions held II Jd an is II to the causes of the th collapse That it was WiS proof roof amounting to a U I dem demonstration ot the fictitious and excessive of the previous advance was wasn agreed n to without dispute There has haM been boon general admission of this fact however for or weeks past and so general agreement as to the tue responsibility of groups of powerful capitalists for Ar th advance The col coll 01 l lups which prices have havE undergone under has not altered the conviction as aM to the source of the operations which advanced l previously but the motives motes which prompt the abandonment abandonment of or the previous position offer H a I subject for the most di dl divergent tl opinions Nothing indicates ur u urgent gent necessity for liquidation with sur stir surplus plus 1111 reserves of o the banks bunks still above OO In spite spie of ot Inroads made upon II thorn them and ant with call cal loans easily easl procurable procurable able Ule at nt 1 I per pl cent ceat or slightly above This I strengthens a conviction that the th leaders of the recent speculation have been leen Interchanged ed with supplies of credits credit which would have han protected them from pressure of ot the lenders lender which would pre any such urgent selling seln on the thet t market as ns Is b now seen When it Is considered that the purpose attributed to the th movement to advance prices was to help restore confidence with wih a n view to stimulating business re revival revival Ij vival and for the purpose of Intended flotation of ot new capital issue the ques tion ton arIses arh s whether that purpose has ha been abandoned or regarded us as futile fu t 1 From the til standpoint of the stock market cam campaign campaign considered wholly as us such Its Is suc site success cess 1 ISS in attracting any general public de IC demand mand mantl mant for securities and Ind a distribution of Stocks at nt the prices pr s if Is Ii doubted by hy all al close observers of the market marketOn market On the contrary the rise In prices had hail the growing effect eff ct of bringing to market holders of investment stocks both from home homo and from the foreign forel n sources The necessity lc of ot accepting these offerings In order to maintain prices proved provell a grow lag ing In burden to the efforts effort of the support supporters Jow ers m rs of or the market market It I Is not believed however that It had become Impracticable With Kith the resources credited to those sup supporters supporters supporters porters That the time bitterness of or the revived aRi UI nulon Iton against corporations and the pub rH hr resentment against the supposition ot or Influence in polities politics has proved prod a It shock to a feeling of ot security which had grown up among amon groups of ofer very er h hy capitalists is an Interpretation tation tUon of the present market decline much heard The prolonged rise in prices was wall accompanied almost continually by pub lie lic 11 expressions on the part of prominent financiers that public sentiment toward corporations tons was changing and that the hostility had spent Its force force The recent tone of o orbe flip political p campaign Je and the sensation created by 1 the alice n correspondence has hll shaken the con confidence among capitalists In II connection with wih this element Element of the there was the openly expressed Suspicion on the stock exchange e floor foor that the disorder In the market was a deliberate ate te purpose of or forces which had fostered th the previous advance with wih the object of or pointing a warning of or the dangers to be hI d from revival of political ac activity a activity against corporations Sales of more mort than n a hundred thousand shares in to days market were ascribed to brokers who have hae hail had the th largest share in exe xe the Ule orders which carried forward the long advance In prices Blocks of or stocks were hurled upon the market markel to today today day tn from such sources time after time When prices showed any an disposition to toral rally ral With Jh the market seemingly lack Jaek lacking tug ing In all al support the bears operated very ver recklessly and their buying buln to cover shorts toward the end of r the day da was wason wa wason on ri un an enormous wale scale The violent re over overy thus caused left Il tt gains for tor the tiny day in not a few ew instances and materi materially materially ally ni altered the whole hole appearance of earlier losses The Tho closing tone was q fe fo fl and excited with the shorts stilt still revering heavily Bonds were weak Total sales saleH wert par value alue tH O States bonds were unchanged on call cal Stock Quotations Sales Low Close Amil Amal Cop 91 71 it 68 6 i ny iI 1 Am l C F 9 iT 36 g 07 7 Preferred 1600 lr 3 33 33 53 33 Am Hide I Leath pfd 1400 23 21 22 Am Ice Icv Sees 1900 19 25 23 25 1 24 t tAm Am Linseed Am Locomotive 43 45 4 41 I 45 i Preferred 70 Am S R H 65 82 79 7 81 SH Preferred zoo Z 10 JO Am Sugar Ref Re 2400 24 1273 J JAm Am Tob pfd SOO Z 91 31 91 M 90 MAm I Am Wollen Wolen 40 t 23 22 23 2 2 Ana Mm fn Co 42 39 59 40 i i Atchison 65 5 Preferred 1 Atlantic coa t Line i 84 SI 3 BaIt Ohio 1360 36 9 2 93 5 3 Preferred I Brooklyn n H T 85 47 46 6 46 t Can Pacific JO 16 l 10 O Can Pacific 0 10 16 ru Cent Leath 10 1700 24 t Preferred i 93 9 9 Cent of N J f 5 Ches Ohio 0 3 39 4 3 38 3 Chi G W WC V u uC C N W V 0 l 15 C M 1 St pm P I C C C 51 53 51 i i 52 Cob Colo F I 66 54 4 31 12 Cob Colo South 42 57 30 36 5 6 1st preferred 0 14 1 d preferred 4 57 ji 57 57 Consol Conso Gus Gas 8 1 13 1 Cor Corn Products 10 17 17 16 Del Del Hudson 1 1300 16 It lJ D R G 2 Preferred 6 65 Sees IS 2 1 Erie 29 27 4 1st preferred ld 0 4 t 13 f H preferred 11 10 31 34 1 U 31 Gen Electric 1 16 13 lt Gt North pfd 21 1271 l 1 Gt North ore SQ 53 55 oili 5 52 2 53 5 Illinois Cent 4 1 1 1 Int mt Int Met MeL Iet 1511 1 10 I lOi 10 UI U Preferred 2100 SOU 50 29 2 li Int ml Paper 1 9 9 U 9 Preferred t 5 a Int tnt Pump 12 1 0 21 30 21 i 1 Iowa Central 17 1 K C Southern Souther Hi i 26 26 26 38 Preferred 60 6 6 60 6 62 I t Louis Nash Nah oo 11 O lQ 4 M St L 29 26 38 27 VI VIM M 1 St P S Ste M 1 0 18 16 16 Mo Pacific 51 m SO 50 5 C J JM M 11 K T t 30 S 4 30 5 0 Preferred 62 6 i 62 6 63 6 National Lead 2100 79 39 6 7 N Y Central N Y V O 0 W 2700 20 59 58 8 39 59 Norfolk West 71 1 71 71 North American fiO 00 r i 59 53 rt B tJ t Northern Norther Pacific 10 1 Pacific Mall 20 0 24 2 24 8 24 Pennsylvania 18 10 Peoples Gas 1600 16 91 93 9 94 91 P C C StI St 73 73 3 Pressed Steel Stel Car 16 29 9 28 59 Pull Pul Pal Pal Car 10 16 Ry Steel Stel Spring 50 31 al 34 at 33 55 Reading 40 1 8 1 lh Republic Steel 2100 10 21 20 Hi 20 0 Preferred 0 OS 78 75 viV s Rock Island bland Co C 6 17 1 4 17 37 1 Ij 17 2 Preferred 60 3 3 31 32 52 J St L I S F 1 Sd preferred 23 s sSt I St L I 1 S W V 16 Preferred uv I Sloss Sheffield Steel Iron Irn 10 60 6 SO 50 0 50 5 Southern Souther 10 ri 90 1 Preferred r 17 16 Southern Souther Ry R 2700 20 20 19 39 w Preferred 70 50 S 51 I 50 X Tenn Cop 38 3 7 Zi ai Texas Pacific MO 22 22 3 22 Ih T St L 1 W 25 2 25 21 H Preferred 55 5 55 5 54 i Union Pacific 6 11 H 12 Preferred J S 5 S1 U 11 S Rubber 27 1st preferred 30 5 0 0 06 95 J 91 95 9 t r i S Steel 43 15 t tl 11 m 42 t Preferred lilo 17 i Itah Copper 5 3 59 37 27 3 38 4 Chemical 6 28 27 27 h Preferred d 10 0 lO Wabash n 11 1 Preferred 30 io 3 0 21 24 24 2 West est Electric 3 k 71 1 66 i J Western rester Union 6 57 51 56 Y 56 W v L E EWis SA 1 Wis Central GO Q 0 0 26 6 G 23 51 Total sales awes for the day 1 share |
