Show 1 t L IKE EIER f FEELING j IN IS Further Fuher Recovery From thet the t i Grand Scare and Panic f Sales of Last Thursday REBOUND OF STOCK PRICES f E EXCITED BUYING IN PROGRESS AT THE CLOSE f I vw rw T York rk Maich was a fur tur turI r in n prices today I m tn thi th depression ol of ot Thurs g 8 market mark An n overextended bear ac ae act aeI S I n t was ii In J in the t t The days das business di 1 Ii Ui lal hI J I ner r A very ery large targe absorption We The complexion of oC o wg S on I IK Ues S hank tat had bad something to do don doh doI h n ih tb the of ot the market The I t r till deposit item by scaling I wn n Of loIS s proved sufficient to reduce resent more than pro I tJ to the lite cash reduction n and so IO soan an addition to the tile surplus I I loan oan tt tm m is S supposed to include the thes J i for OF the Friday FrIda settle I g s of O H U arlier part of the th week I great r f ff t upon the averages than iuan oan c i tr by stock liquidation I 1 r so tint the effect of the loan re reI tion ta 5 xi X td to be he Carried over Iny in I y S statement The dimen i iI Is of or t money mone settlements t d 1 yv Vo clearing house t ranges anges hie h rose role to The urn liEn tins figure has ever been ex cx exi i ded ad was R n i Jan 3 1906 when the an al alf f 1 resulted in exchanges if f o Ii Ml H t r Sterling exchange ruled nt at f s low lw w level today indicating 1 t rower power t r New Nw York to t withdraw gold goW m 51 Loud Loid i unless iness that step steD should be beaud b beemd aud emd Funds Fund were more fr tr free effend e n u time loans today with the 1 lOr if l confidence and a rise In New York Yirk exchange at Chicago at Ir r his bas H The tenor of ot the th thed td d States Steel annual report es eI e elf laDY lf th lb reference to the sustained A I 1 of 01 ord il rs ra received since the first of ot yr was Wa l a sustaining factor in the tho i th 11 f C the marieL So 0 also was tho th f of f t the mercantile agency reviews aing tn m tn expanding volume of business rough jugh tho Ihl tI country Hasty Hast profit tak t 6 mart mark the closing of ot the market lr Ir Ilar lIt ut there was excited buying U 11 in m progress T tal Lal aI salis of bonds par value 19 h mony situation must mu t be allowed th lar Iare e share of ot responsibility for tor have grown up The nesa of o money Is now worldwide 1 p sun in London and In Berlin be beg f g almost as acute as in New NewYork York The Thea a tue tle trade conditions call for forr ex exx x r in try supplies sU for fot t circulation it i 1 tit th result Is la a depletion of ot dash bash hold holdI r j I n banking reserves r tes on which to base Us rs The excessive demands for cap capi i i i place pla e in Used forms has been a aJ Mj jc J t of observation for months 13 3 vey el generally assumed that the v speculation of ot last fall left large dings in m the hands of ot men mt n of or large larger r ilin that have ha never neer since been cleared OWIn to the persistence of ot the general public m jn refraining from the theThis t This TRis is Es supposed to tt account for arge part of ot t th d anti and Xi dain aln of failures due duer r the e heavy faIrn fall In price The source J h he a undisclosed how r a ad d the difficulty re of off t f non opinion lon on ti Its motives m thes or orr rea it lt are elements of or continued dis dist t in m tile the stock market The general fe ft jig ag was of course much reassured by byle bye V le e rally ot of Friday which t to ward off ort a 81 threatened disaster t I opinion op on the future of ot the stock market is js in a confused contused state Bonds Bands were little affected by the crash M stocks United States s have ad adra adm adad ra m ad aed d 3 per cent on call during the t TK e collapse in prices of ot stocks w td occurred ore this week has been so 50 sud t and violent as to leave opinion dazed vr 1 the meaning of the demonstration 1 d its probable ulterior consequences Tie V extent of ot the declines has been so 50 the volume of the offerings s inh b have deluged the have been so 10 o overwhelming and at the same tin he Usual benz consequences of failures s of fl IL disasters have been so entirely lacking as a to leave an uncanny effect the of ot observers The extent of Jl the slump is the mor remarkable as an ani a i lo ng upon the heels of nt a prolonged le tie tiei leo IelI i lI o which had already aff gon flirt art dis unfavorable factors which were wee opposed tp to t be then upon the market markeL The measure meau of fall tall In prices Is l so 80 much Stater ater when compared with such a pre occasion as 55 the panic pani p nl ot of 1901 1001 with mh hith the Uie present week Is most gener goner aly Jy compared tor 1 nee of f and indiscriminate unloading of o stacks There bue is no doubt that the prevailing nIen In the stock market financial wd aM railroad world attributes the principal taI pal responsibility to the situation the rail r wd md corporations find fimi themselves in from prevailing attitude towards them of ot s agencies and the prevailing E of ot the whole country The dis in j Wall Vall street for some time past 1 Been of compilation of laws passed various nou ou state st te legislatures l for f there the re LOD Ion or Ot O railroad charges and ana for lor O other otner ra unos of ot regulation of ot the course of ot r posed measures masures of ot the national gov f ent looking to additional restraint ft corporation powers and t i Un e jn in n tho the Issuing of bonds ja stoic and the fixing of valuations i f railroads with a view slew to traffic Jarges eS to to t be permitted to the rail rall fads The of f nil all this discussion baa t gr ally heightened by the course cours f f min in jt men In Lit the railroad and nd ng which was construe construed 83 RS lit of o the tha keen anxiety they thor r tre re u r Ift U e prospect of qt by tl events tB The at rot of tho public and the Ule thet t al ts flUs ouro Sted ha 4 n d the lion g a of holders of ot stocks This Is true ti holders but the more per f nt Investment holders have h e been af at ltd ais to some extent a assumption has gained ground la In tl iVall all street district that this was f g of ot the great controlling c In ln themselves th In the leading rall rail ralli V i of the country countr and the Pole 15 hold oth tion on that holders of ot securities pt Of heir preeminent n in nt class were unloading ot y rr Indiscriminately in a spirit in to utter 7 er h hopelessness Pl of ot the future earn C I g Power P er V to their 1 r |