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Show M'CORNICK TAKES HOPEFUL VIEW Panic Is Over and Upward Movement of StocKs Will Continue to Follow, 'the BanKer Predicts. W. S. McCornick, head of McCornick & Co.'s bank, said today that confidence confi-dence had been restored in a measure in Wall street. "The slump of yesterday," said he, "was partly due to recent agitation against railroads, and to a general bear movement. "The Government, in redeeming many milliona of bonds, aided materially material-ly in steadying the market. These flurries flur-ries are caused by great operators becoming be-coming frightened and unloading great blocks of stock, and of course the small fry, the margin men, follow like sheep. "Money is very tight all over the country, and this, too, had something to do with the financial panic of yesterday. yes-terday. There will be an upward movement however, in a few days, I am Bure.'' |