Show STOCK MARKET IS TAKEN VARES UNAWARES Bank of England's Increasing Discount Rate Frightens Investors CONFIDENCE CONFIDENCE IS RESTORED Prices Plies Rail flaIl Hally With 1 lo lc c of Real C Cause uc but bitt CIo CIoe Clo o at ut a aLo aNew Lo s. Lo-s. S New OW YOk Yolk Oct 19 TIle The stock stock- stock market was taken quite unawares b by the extraordinary ex ex- action acton of oC th the tho governors of or orthe the time Bank Dank of I today In IncreasIng Increasing ing log th time the Institutions Institution's minimum discount ra rate te from froni rom 5 to C 6 per por cn cent t as the time old rat rate of ot 5 per cent wa was reaffirmed reaffirmed reaf rear firmed Ormed yesterday Wall Yal street t Jumped to time the conclusion that the time unusual pro pro- of or an advance In time the rate rat toda today foreshadowed some serious financial or political truble as ag yet ct undisclosed The Tho Lon London on market was thrown Into confusion conru slon sion in consequence of the action and approached d a n demoralized condition Under the time circumstances It i could hardly be expected d that the news new could be bo re received received re- re here herc with H other er than alarm The open opening InK quotations showed average aver Ir Ira a age ag decline b by th the active stocks of or from frol roam roamI 1 I to 2 per PI cent cent Rumors Rumor quickly sprang up of the tho embarrassment of or a lat large and amid talk of a London Landau banking ng concern anc default raul h by tin the RU Russian government on the thu next coupon payments was VaS al also o prevalent Pending positive assurances assurances of oC the falsity of or these reports report the market marlee mar mar- ket experienced a II further violent break lee a a. llo extending from rom two to tour our fourpoints points in iii the tho more moro prominent pron speculative speculative stocks S As tho time tiny d. advanced d and mid authoritative ale ac tive advices nd f froni i om London disclosed the time fact that thru the advance In him the time bank rate vate was vas made Jurel purely as a n protective measure meas meas- mire ure 10 to guard against further urthel h heavy avy withdrawals of or gold sold confidence n e returned returned re- re r.- r. turned and aud rallied about a a point from the lowest lo et Subsequently hoc however ho now how c ever er r renewed weakness set In In and Mi time th market continued to show a good dalof deal dal of nervousness The Time market closed nervous on and Irregular gl slightly above aha tIme low level but still sUB showing ha heavy heavy- net loss Government Go bonds were unchanged ed Railroad anti ami other othel bonds hond were lower The Time range of or prices was as follows e Amal Cop IH un 11 Ainer C. C and amid F. F 43 15 4 41 H A 41 11 Am Locomotive 0 i 73 75 i 7 73 i 74 j 8 i 71 S Am S. S and HeCl Hi 1 is ls i 1574 Am Eu Smug Sug Ref 1 1 1 UP- UP r Ana nn Mining Mimming Co Co 26 25 2 Atchison lOl i C Halt Bait But and Ohio I lf 1 i I Brook Drook Rap Tn n 78 i i 70 79 77 4 jS S Canadian SITS iS jj 17 4 I Chi ChI Gre Great We West t 18 18 IS 1 1 17 ib Chi ChI an and N. N W i t S a 5 i C. C M. M 1 and St. St P. P 17 1724 1 Cob Colo F. F and amid Iron Iron 53 55 j 55 53 1 51 1 t Colo Cob and Sou Southern 38 3 30 39 iS 38 Den and ami Rio Gr Cr 29 4 44 t 4 10 Erie Hrie T 15 43 45 43 45 41 15 General Electric JB TS lS' lS 17 Ii Illinois Central i Jn liPh Joul and nd ash 11 H i 1 Mexican Central 21 A 21 54 21 21 Missouri 95 M 5 91 i I 91 Ir M. M r. r K mind and Texas 33 35 3 33 25 i 31 National Lead Len 77 is 78 77 ij 77 X N. Y t Central 1 15 H it 3 Pacific Mall isla 3 f- f al h. h 11 1 J J- J f. f J i Peoples People's aa Gas j J 0 9 o so 90 sr 89 I Pre Pressed cd Steel Car Cam M 55 wI 56 ip 55 zy Reading Heading i i Rod Rock Island Cp Cp 27 2 h 25 z 27 21 27 do o preferred 6 66 t GJ Gl 65 6 1 65 G Southern Souther Pacific 92 2 03 93 M 92 1 4 9 92 do preferred liS 1814 4 IlS lS HSU Southern Souther Railway Rail 33 35 33 35 fc a 4 34 31 4 Texas Texo and Pacific 37 i 37 m 3 3 Union Pacific ISHi 8 lit lS' lS U. U S S. f. f Hu Rubber bel 18 48 S U 48 13 3 IS 18 U. U S. S Steel Seel IS 13 IS' IS 1 7 Ij 11 tb do preferred IO 1011 l Wabash Wabush 19 1 1 19 19 do preferred 43 45 5 4 15 i H-i Ti M H 15 5 Jl Northern Norther 10 Pacific 21 I I 2 i Sloss Steel 73 i 4 73 13 73 i 73 Gr North orth i |