| Show i Tilt TilE Chicago News Prints devoted to Wall street affairs have hae teemed with rum rumors of great voids olds creat created d In some strona which had been pictured tl t the popular eye os as bursting with almost countless wealth Only n a few tew p people le know what hut bas baste ot of fact exists tor or this structure ot of gossip and thoSe few tew not tell at al present r sent But everybody that a group croup ot of stocks whIch lint bad been n labeled with the names ot of llon aires alres suffered a dreadful shrinkage Here a traction stock In which they were supposed etl to he be largely interested Ih shows Vs a decline or of too II a share another a loss 1019 ot of jO O a share a l gas nl stock Is off orr some Ome 30 the market markel value of It some In hIlS been cut In two By dent y An enormous accretion ot of profits been n wiped off books booie Whether r the expunging was tUI ac by the tho adept hand or of Mr Rockefeller does riot not matter e WIsconsin It II wu wal a Um time however when money was plenty and when buyers were numerous as al the sands sandi of the sea sen Not only In New York but bul all 11 oyer the i country there was n a feverish anti thoughtless rush to put money Into A n Md set In from the wont want of at that prevailed while the shAdow ot of the panIc hung over time the land und anti the tho very ery people Who during the tho fornier fonner period would have refused to purchase gold double eagles offered III at fifteen were now tumbling over one another to pay payout payout out good money for tor printed bits ot of paper It was n a time when anything would go and the promoters took full fult advantage e ot of it II The bull bali movement W was S of at such forte force n ns to carry ever every everything thing up for n time Then came a halt hall halland and a 1 partial reaction Denver News Jl nry Clows the tho New York banker thinks the disturbance In Watt Vahl street l li Is III over oer and that prices price have hac settled upon the basIs blUt ot of money He says saya The Tho hums has come and gone one and the situation IJ i the better for It now His it is over lIt It Is like cutting ort off a dolts dogs cant be done over ocr again TIme The liquidation had to come as a matter be the lalk talkers rs and believers tn in the prosperity ot of the country 11 themselves on a credit basis on their faith These people have been ber time the cause and the victims ot of Mondays panic They were unable to realise new condl condi lions which prevailed They bought stocks at skyhigh on n a cent mone money market last summer Mon Mondays Mondays days squall In prices simply ply brought them down to n a money basis whIch I is the present value or of money nil all over oer the world and well em employ plo ploy d at that City Star Wall treat et ba l through nn an another other othel week eek of f enforced liquidation of high priced without In the tho least degree affecting the general business s interests ot of the country While condl condi ions bordering on a panic have pre fire valet there t the e trade radt and industries ot of th the country go op maintaining the long of business on record with no Interference with the tho of exchange no or of m mercial credits Credit Is scarce fl for r speculative but there are sal purposes plo fud for the Use ot of merchant SNI nd manufacturers and even eve a 11 I large liOe amount ot of gold Jold to spare to I lbs Ibo pressing want wanti l ot of London b by the war In South Africa Worcester Spy Within twO 10 hours oli Oh Monday ron nr were In anI and mote more number between noon than thun double this the same tI d dJ three thre ot of time the ot of that day J Early In the tho afternoon CX supply ot of funds becalm bid temporarily and rates tvete Ire ItT per pCr to equivalent to up a figure Kurc been The result wall what might ha hae the market brol broke cite open expected had not and took a tumble that Jut But heen known within recent C this It WaN VR I Just at thIs Juncture tU M J 3 firms banks anti such Huch banking camS caine CompanY Piermont Morgan and of the market to the tho rescue ot of offered freely treely at 6 per pr money ero and thur the decline chec but smart milt rail 4 11 mediately there came ai maintaIned It was only partiallY to though It enabled the market welt above the lowest ot of the thu da dano day no Boston ton Transcript which public That element ot of the and the ot of money mone watches course COUN Int inter professIonallY It ls ne ness because ested In time the rot must have develOP weeks It if not months ago the thO lii III AI all 1 mont ment of a tendency to hIgh rateS rate The the great cen centres beyond watches much however rarely and the man many its lis doorway own probablY scare ere ot of everyday Americans heard ot of taken by surprise when theY market stork stock tight money and l eaSY W tM the hail theY the b beginning to slump slum 11 would have been pre prepared prepared watchful they ot anI combinatIon pared for tor ii a general conditions that mend merel In NeW NeWYork N rates high not ad Berlin York but ta In London PartS larl as aa I |
