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Show SECURITY PRICES CRUMBLE UNDER 5EUJNG AVALANCHE Declines, Most Severe in Months, Come Unexpectedly Unexpect-edly During Last Hour; Federal Prose-I Prose-I . cutions Are Factor. i - NEW YORK. Aug. 7. rrices in th slock ! nmrkot crumMpd in the furiously active final hour of l nidlng today. The dcclhifs. which 1 wore the' most p-vcrc In many months, rnrno uncxpoctfinv. Whoa the mnrk.-t ..p.uod sp.-c-tllatlvo lntorosis rt'iinifd their opra lions in n rliPfrful frmnr of mind, evidently taking lltll'1 hoed of such recent rvt-nls u the ulli-m.it ulli-m.it n ni of the mil mini brotherhoods and other ili-.:urtini- developments. DiH-idedly less optimism wii- shown, however, i by enii-orvative financial inter fU. which ,ex- ; pressed t ho opinion that the railroad situation! and tin- Reneral trend of nf fairs at Washington were calculated to unsettle commerce and Industry. In-dustry. The ma rket ms" and fell IWwr-cri 1 liosp rli-Trrcent rli-Trrcent views diirinc (he early and intermediate interme-diate s!ncs of the sosslnn. but Bellini; of the mos HRcresslve olia racier In t tie final period wiped out all "gulns and left many severe net loss's. The set hack becan with steels, equipments. j oils and miscellaneous shares which have mad1? up n larco part of the niarkeis of the pa it few inonlhs, rails displaying comparative ;eadi- Llntiidat ion was hastened by the circulation of rumors dealing with the prnpodid federal prosecution of numerous in-.porlanl industrial i concerns, particularly the parking companies. ! It was n matter of hoiirdnmm ifossip that I' resident Wilson's addres-s before cnturri m tomorrow to-morrow would recommend drastic action atraln-t so-called profiteers and that many Industrta I inlensU not hitherto mentioned wer likely to come under the government 's disph a sure. The market was demoralised at the closi. when trading assumed such enormous proportions propor-tions ns to delay final prices) by almost half an hour. Net losses of 5 to 10 points extended ex-tended throughout the list. Sales amounted to I.s-'.O.OOO shares. Unnds were irregular at tt.e on fret, but weakened with sfocks on limited offerincs. Sales (par value) aggregated $l().4."tU,lMl0. Old I'm ted States bonds were unchanged on call. |