Show I II I I PRICES DOWN ON STOCK EXCHANGE Up Upward Plunge of Saturday Was Too Great for the Mar Market Market Market ket to Sustain LOWER RANGE IN LONDON ONDON EXCITEMENT ENT SEEMS TO HAVE DIED AWAY New p York March re was a ad of excitement in th the d abatement In stocks to today tay from th the enor r 1 its jus transactions transaction and wild ions ms of last week The price movement till showed a degree of s that I aas as the after effect of last weeks tur nt market but the reduction In tn the theto to amm um oi of i the das la sales sale Is conclusive c Idell of o tb the nettling back of tile the mar mart marL h l t into more normal conditions So also v is as the check to the flit headlong advancing deney d nc of Saturday which was wholly to II the distress s of bear bt ar operators who 1 i l to sell wll stocks short reck ol l h down to the lowest depths of 1 plunge and aud who were com corn comi i 1 t ti t IJu t ft to cover on Saturday by b 1 table recovery r cover The very pry violence e r ili 1 Ir very gave warning war ln to its un uni i r t nature atun and speculative sentiment n prepared J for a check and a Ii al e ii i ion inn l Hlay 1 J f fact it ih nc London market had already i i this course before trading be ben bei n i and sent ov over r a materially low lowrange lows s t range ran 1 of prices than Own the closing cloning here herer i r drop in ill the opening dealings here was as kr ider ii r anticipated and had the cf of oft ett t of reviving re ln some mine of the excitement men iw l ailed last week But it ap Ired iri 1 i that the he wilder fluctuations were due clue to t the plunging operations of i 1 professional element lement t which had become to free action by last weeks Effective support appeared tb th market antI and the proceedings then we were erf much quieter and more orderly al jugh heah the renewed weakness of the later art t maul matte th the lowest prices of the ther V r 1 The market continued to show the thermal thermal imal effects following such Much price con conations a as those tho of last lat week That is showed the lack of the large demand demant rum rm m shorts which was squeezed Into cov covi CO i ng g in Saturdays market and felt the of reselling to take profits profiL by bj byo byse 1 o se who secured stocks in Thursdays 4 i ump or 1 who T ho hn had bought on Friday Frida mere for rOT tf the purpose of supporting prices I rating what woot threatened to become l to the market The Th diminishing activity of the market markot jated the disposition to pause after s s vere experience of last week ant and f c Mock lock of conditions condition and of promise rr re entering again a ln upon large opera is ns 1 in m stock General information n as asi f i he the causes and the sources of the un uniting which produced the convulsion he the th market is still largely largel lacking conclusions however find war ar ted acceptance The extent of or the must mast have hat gone ilonA far to pure cure trouble whatever it was ws It is grant Frant 1 J i 1 Ian i that the investment demand un vered l by b the extent of the decline must l 1 largely reduced N Jud the floating supply stocks in the market Not only was wast it t absorption ab by b private investors very yer Te rg r f but investment institutions are be beil Sd il 1 to tn have hae taken advantage of the to extend their holdings of or se senti at an attractive rate of return t is felt also that the T n of credits effected will afford aCCord avail aall M resources for the better digestion of ofie rne ie of the new nw capital Issues which had me a glut in the th market obstructing 3 channels against the movement of oth othi i d desired ired J issues issue The money mone market i w wd the effect of the passing of the fart h l 1 settlements and its greater ease ducted to recovery in foreign ex ange The Bank of England however id td to fn advance its It bid bill again a aln to secure the tho theof theuay of gold in th the London market l traffic reports offered offer no trace tracer r r A o tendency In business which stock tork market slump has increased the for forThe forThe The last prices showed substantial loss from Saturdays closing clO level leel Pon Penns i l wn irregular Total sales par slat IP r t States bonds were unchanged op on |