| Show WAll 0 STREET PANIC PANO HAS NOW SUBSIDED Northern Pacific Shorts Settled at nt ISO Market Grew Steady and Assumed a n Buoyant Tone I I New York May Mo 10 Sentiment nt in the tire financial world was las much reassured to today today day tar by hy time the announcement made last night might that time the shorts smarts in Iii Northern Nort hn Pa Pacific chile cle lero to be bo settled stell with at nt 10 thereby ending the corner cornel In iii the stock stockBrokerage Brokerage offices were wore filler filled with speculators leOu at lt nn an curly carly hour arid and RIItO to some of ot tire the large houses admission was to tobe tl tle tobe be e lint had only anI by b ticket Before the time New fans YOlk opening Interests centered In In quotations and ami when these those came much higher tUrin than thU yester yesterdays days lIlys New Now York close chose tine the better feel et hag Ins became stronger and time the Now New York opening prices were awaited with w itin a n confidence In iii 11 marked contrast to the tIme complete demoralization that prevailed on 01 every ever hand baird yesterday elter II morning A dispatch M received from London saying Rn that lint at nt I 1 45 In that city dO 1 all al American securities were higher St Si StPaul Sl Paul being quoted at nt a it 10 20 O point ad advance vance and Union showing a of ot 10 points hauntS Thc rime 1230 1220 prices Lou Loudon ibm don tire the figures given are mo tine ho New NewYork NeI York equivalent with time tho i i changes from last nights close cose were no as fol tol follows tollos lows los jO advanced 3 I Cana Canadian Canadian dian dl n Pacific K OS advance 14 t Bl SI Paul a advance 18 11 Illinois s Central advance 14 11 Louisville Nash silie lle 06 advance of 1 4 Union Pa Int Pacific Il preferred 91 advance 14 H Erie Rrie I 33 advance 3 4 United tIn el States Slates Steel 40 advance ft do to preferred 32 92 6 ad ud advance vance 3 Anaconda 45 G n Northern Pacific sold In London lond p at lt a n price IncA equivalent to In New Nn York Time The London 2 p m ar I quotations showed further nuisances advances preferred being up UI CH C 6 Baltimore Ohio 2 Mexican Central 2 Louisville Nashville IK 11 1 and amid Chesapeake Ohio 2 FIRST l NORTHERN PACIFIC BALK fine Tho first quotation quoin lon on al time the ticker tape lalla recorded n a 1 nab lale of ot Amalgamated Cop Copper per imer at nt n a rise ot or 3 points watt followed by hI b a solo of Beading pre preferred at ilU 1 as against 70 0 at ot e tel days elate clone As Rale cilo utter after uter sale Hale ol of vari various arl OUR ous stocks st cuu rk higher prices time the traders felt Mt that th In worst was over over overTIme I IThe The TIme anxiously 1001 Opening ot 01 Northern Pacific was US a transaction loton of ot shares clinton hare nt itt ISO 10 and this tins wits was a taken a aan as II an nn indication that nil al of ot the ers ens erl of ot tire Mio stock Block had decided to 10 settle J tc with tint the shorts at nt the time figures fl agreed upon Ullon by b J P 1 1 Morgan Co eo and ant Kuhn Co Amalgamated 1 Copper COper rushed tu hed up to and St Ht Paul laul sold at nit l 15 Steel preferred nt at M 92 at nt 99 Union Pacific lacOe nt at 05 95 At hl pro pre preferred terre 95 05 o ton and nt at n t nil all l of those thos figures Indi Indicating cating substantial Improvements from freon last night FEVERISH Fl In spite of ot tIne tho better ietter eter tone aria however the tho market was very sery feverish arid after ater tire the first became wide wie and erratic There was much doubt doub In time the street as arm ni to whether tin thc decision of the iii hollers holders hollerl of ot Northern Pa 11 chIc ele to be he easy as with tho tire smarts shorts meant more than harm a temporary truce tho time conflicting Interests Many securities ties tC have hlo sold at their high record figures recently on err 01 the belief that they tire would enjoy much benefit bandIt henelt from front one or tine the other of or the lire vast sast alt consolidation for or which different railroad managers were sere working and some mod hel to 10 buy was WIS caused causell by b fear that thai time the tw hostilities developed during the tho Northern Pacific contest might delay dela indefinitely or prevent altogether ther the tIre plans for extensive combinations of railroad capital under closely closel central management NEWS At about 1020 the cheering news was ivas 1 given out that time the stock exchange had announced d the tine successful passing parsing of ot nil all ni clearing sheets arid and an the tho honoring of nl 01 1 checks given Ien by b ex cx exchange e change members memer yesterday ell This an on announcement effectually of ot tIme the rumors current yesterday that certain houses would be bl unable to meet their obligations on yesterdays contracts The Time trading became w so o feverish around 1030 lint It was Ins very cr cry hard hanl to totolo follow tolo tIne the th price changes hut but there Irene was wasn IaRI n It I notable absence of the tire rush to sll Mi which was ag tine the distinguishing charac characteristic yesterday morning Amalga Amalgamated AralA mated Copper Capper held firm around 11 Southern Pacific nt lit It 47 4 Atchison nt at 70 0 the preferred at nt 93 Manhattan at nt Rapid Transit Transi at nt 75 70 71 and Louisville around 06 G Steel Stid on transactions kept close co e to 42 11 4 Rock Hock Inland foil fell fel back from the tine opening piles of to 17 Continental Tobacco was 1 strong soiling s at 49 Pennsylvania l cold ol at nt 1 anti ant Texas fexas and ani Pacific at n 41 H NORTHERN PACIFIC ADVANCES AD Southern Railway recovered to 29 and Canadian Pacific touched par Then her herns was ns a sale of shares of Northern nt at Ill At 1045 10 5 Dm the Ih mArk showed a ii one me with lurid hold d trig ng stonily steady r There was heavy hensy hen jelling of ot he the Steel Stee stocks said to a bo be for tor Chicago o account but It I seemed scorned to be ire weli Irl taken arid and tine the price fluctuated from freon 41 to 42 12 for nr time the common and from ronn 81 91 1 to 10 92 fir fr t r ho tIre preferred About boul 11 1 the tine general jeneral list became stronger Union Pa Pu Ia rifle rising from 91 to 01 III arid and Missouri Pacific sold HOI up to Thera was wa a in aurther I further urther clearing of tire the tl financial almos atmos I phere when It was scan wn announced that nn arm under order obtained In inn tho ire supreme court bv liv Athur directing certain r per 11 ons Sons to chow hov cruise Rupe why 1 they the should houll not lot bo be restrained from trading In Northern Pacific would riot not be he served the he agreement to settle Itlo nt at n t 15 having ha been own In accepted ns rio A satisfactory The Tire transactions on the tire exchange continued tumid quiet flU let limit hut with wih a I firm under un undertone r tone ton one up to 1130 13 then tinen time the further news new was isaa given Riven out J p Morgan Co a 0 woul renew refers nt n 6 per percent ent cent all loans untIe made 1110 by h them thorn yesterday It A A Houseman K Co ro announced thAt they hey would renew also nil Al of rl s scans loans cans anti would lend 00 addition additional II al I at It C 6 I per cent nt At t 1145 1 15 tire the th entire list was O strong Northern Pacific sold on tin the exchange st nt t ICO 1 but hut nt nl tire the same ale time e Kuhn Loch Ib x eb Co were settling at nt t ISO O STRONGER TONE DEVELOPED After 1 12 n a stronger tone de do eloped on the stock exchange and Union Pacific went up to 91 Amal Am I 0 Copper to W Ill 11 American To hacco 18 A preferred to tu 94 1 abash to W ae l l h lam la 11 j to tn 11 and ann 1 1 ii t o 0 to a 93 ro Tn judge by try II th thai tape th tIne frantic desire 1 el t to tn sell null 1 secured ended mind and the tho belief Rl let I ground that brat tire h worst ort of ot the wa WI Wa a I of the time past host DM sueno active arid i yesterdays e tera weaken bonds showing sharp recoveries About 1255 1253 1 p I m or I tine the strength throughout the tire general list became very 11 pronounced antI and price advanced mull all allaround i around rapidly Fric r soUl sold at 30 16 G Amal Amalgamated Copper Coiner ut mit lt lS and Union Pa Ia I cilia cle nt at the tire latter latel stock thawing thu hi I tl rise rife of 16 15 1 points as ni compared with wih tint thu last suit sale ellId A cumin com common CUI mon to tu 72 i Ilon Manhattan shared share In inn II the tire rally rai mod and reached lit 16 Southern Pacific lucille touched 48 41 and American Tobacco sold said at Ht A CONFERENCE E Throne There was waB n 1 r conference at rut time the National bank baak today IO I between Ir sl dent delt F I D nwan I Appall of that Institution and J Edward I dwall of the tire Fourth J National l At A t the tire dose cioe llo e of ur tIre the conifer confer i eme elt Mr Ir said hl the money market would wull b be l protected The rhe con coir COl I ference between bet wen r I all Simmons wan wa equivalent to 10 a meeting IC lit r time the clearing mouse houie committee for tor Nash NIh of or the Corn Corni Exchange ball ha und it Williams Vi ii of the Chemical Na bank halk are 0 nr both loth In inn II Europe I Yesterdays Ye tremendous business on on Ol the stork stock exchange ec ani was Ilal ris reflected In to days exchange of ot lank bank cheeks which I ann which broke tire DIB record of ot made on an Tuesday last lat The Time balances were weIl 23 3 the tine second largest on ann 01 record and comparing with the tire record of or 24 21 1 1338 on turn 01 March I MARKET IT ms After the marhut became very sery buoyant hUo arid and alil under the tine leadership of or ofa ofa i ia a rise rice In inn Union to i 12 Ii 22 2 points above last lam nights close and 38 3 points point above 11 yesterdays days low how punt tIle tie entire list Hit made rapid pros I roes TOSH toward higher lite I Tobacco sold said 1111 at rut 61 CI a life of ut 5 points over Oel last Isit night Texas Texan and amid Pacific went j to tu 4 1 H mimi end nd St S Paul to tu 16 Union I fell fail bid back hac to Western Westin Wel In 1101 was 11 around M a 4 The rally rily m mm prices continued to the tho I flute clone and final prices generally the best beet of or the th day da I ORDER TO SHOW eSE CAUSE Judge lUdge taid nh today loda that the order to In show cause In inn the tho Norh cm Nn Pacific case cne waD urns Issued Ilu l by b him at nt athis his house last night ri em n the application of or counsel for tor Bernard Helard Smith Time The he plaintiff Smith claimed to mayo have sold Bold O shares of ot Northern Nothern Pacific short hurL to a I broker He lie le alleged al ced that tl time the broker broko WOO was wal acting for parties who held meld all 11 the tho stock at nit tin th time annul and that mat the party to whom he Ire sold colt the tIme stock knew knel It was for fOl or the tho plaintiff to 10 carry carr out oUI his hlA contract contract to deliver It II Under tinnier these circumstances Smith asked that hint the tine person leron to whom he ire hl sold tire the O shares of ot stock be een en enjoined joined from front enforcing his claim for tor Us its Is delivery deliver 11 liH I IThe The Tire usual u ual bond hOll l ivos lo to be given by bythe 1 tire the 11 plaintiff to Indemnify the lie defend defendants j ants from loss los should the ins not Ilot be le continued was not nt filed nC utah and no ire steps to 10 serve tire the preliminary tIck on err 01 the defendants wore wert taken 1 WAITING FOR FOIl Jon MORGAN MORGANA I A Wall tall Wal street agency made mall this mis state ment this afternoon U it 1 Is Is authoritatively stated t that the J principal mutters matters In dispute the tire Affairs and amid pulley policy of or the Northern Pacific Hallway company am at nt a uil lock from fron which a change Is IH hardly 1 to be lit expected before tire the arrival hero here hereof of at J P Morgan The agreement of last Int night appears to have hae been prompted wholly to 10 relieve relee the actual short In Interest interest 1 terest unwittingly and arid unwillingly cor cornered From I rom an arm authoritative source claims of control have hass keen been heard h In fa favor faVOl a avar vor var VOl of both hoth cities Partes who fre fra J ty speak on arm matters J P 1 I Morgan Co 10 Insist with wih II ence circe that the control of tho tine road rOld lies les absolutely with wih them STOCK ASSIGNS ASSIONS I Boston May 10 Morris lorl A Peters stock slack broker hire hns hn assigned STOCK ASSIGN New Ness York May hl 10 filbert Thomas Jackson mind mid Samuel C Jackson do doing eo dolog ing log business bUll no us as IR stock stoel brokers today as M assigned assigned signed tar for the benefit l of nt their creditors creditor Jackal Brothers were lere members of the tire Consolidated exchange The Tine prim primary ary 11 Sr cause was wild maid to b bl he tIre the failure falU of lf rf customers In lii II the tho city cl und Int rum out of ot toun t tn tim meet falls calls for extra margins margin marginI Tin I liabilities are lre under J E fl P 1 Hilton Ilon Cu v u n mu Consolidated I exchange e business to today tola tois day la is Mr M r Hilton said the Ih houe hOUN had lied hadnot not tailed but hut marl hall to 10 11 find out omit where it stood He lie K saul ld the theof of the lie firm expected to re no sonic sume on urn Monday AMERICANS UNSETTLED I London May Ia 10 Panic In Wall Vail Wal street thoroughly the time American section here hart Th stock market this with wih nl wid d I fluctuations Chicago Milwaukee A ft t Paul opened nt at and an harp I ly I I tn to t 11 nearly Vt m 1 over Olf the th Nun N York parity A Pa wal was is CH Gt C Atchison C pol points H nn air l I Northern Pacific win wiO quoted at After the first flur flurry ry prices rfd receded d slightly the tonic tone be becoming conning coming quiet quietA A more reassured feeling was evident on th stuck exchange as time the day worn wore wornon on err and there w r no scenes of ment Speyer r arid and the Morgans re report n port considerable New York buying with early I London nOon which afterward w rt mingled with London and continental buying J 3 Morgan Jr said to a us rep representative of tine the Irese Th situation lo iok k a little better I would not be lie surprised l If time the buying continued no one can tell what tomorrow will bring threes nays days Speyer attributed what reel real timers there were to the deal dealers dealers ers anxiety to get vicar clear before Monday which I is settling Uy ly and as tomorrow Is u a holiday In New York they am are anxious to do all they can today 5 pm American on time the street very sery unsettled They The fluctuated j Northern North P and nd rented re cIt WI was UI lii Wil I enc Y l WU fewer CAM AFTER TUB STORM that Nt ew York My May to eam trl t the ito m mout ier l J th with od re d the Ih batt vIn nt of o dAuser that by bP of YI he clell an tha th ta that thet th stock tuek been made hafl nce ot of ch check ingle out utU the th of II i neW tone of I a corner cerner Hone nested to lay the IM of ot The Thein fabric cued in Ii a rather rat ht feverish rIh h h rp rather M wi n tied d state stat tat and kind then therl w Iter decline lIe In J prominent but out i ithe the tite markt steadied down n nd fl pr ce recovered their earlier lo ses and ad andl beran to d There Wil keen l In result Nult of th the L for II I The Th w S In hi I Northern rn remain silent IlIen ana aDd 9 J g contestants wRIt to c opinion prefers preter Kuhn Kuan until there thre has hall town been ln a count in lh the Co declined to and ami J 3 P 1 ro Co 5 similar to taw take the Ih Into their There Thre i II 14 a growth In the bell f that the till latter the house ha ball baa In retaining control and somewhat of ofin 1 a in tit th sentimental reeling that wept SwePt the he neld yesterday Both Hoth how were engaged In |
