Show WALL STREET SCARED STOCK MARKET DEAD Violent Shock Needed to Start Wheels of Speculation Again My Ily IIII 1 C. C Slut ll New cw York April 19 1 With President of or the Pennsylvania anla rushing rushing to tu tuT T in th the ho hope of or borrowing a few ew millions before belon ft L. E. E II 11 1 HarrIman can Issue the Union Ulion and the tile Southern Pacific Pa Pa- chic preferred as he IH Is IB said paid to be planning lan plan mian- lanI I ning lo mo do ilu with wih a n million ROUnds pounds of copper COP offered at al 21 ZI cents and amId no 10 hi bidders with the thC stock market t lo to a standstill b by financial political and anc ter terrestrial CI earthquake there was wa not much business In Wall ul street t toda today It I will wl take a n violent shock of some kind either Ither good or ln bed bad to he get the Limo machinery off ott or the dead center where it I seems to hu stopped Since tho the panic the market in 8 swings s have been getting smaller an and smaller until uni there I Is no more inure momen tum turn 4 Operators for the advance or for or the decline In find thet have ha e to mik make movements move move- ments l by brute force an and there mire aio few Cew brave hirao hru c enough h to tu get Into that bu business Morgan an ami anI hl his friends are 1 0 warning OI one another to be he careful Cardul about loading up UI with stocks while John I D Rockefeller goes oes a step StCl further an and warns wants his brokers to be 10 careful to disguise h his selling as much as possible IOS The Tue strange feature I of the Il situation Is that nearly l' l cry cry- hod body has IHU persuaded himself himsel that stocks are arc vcr very cheap clu hankers Bankers say Y that if i they would hu Thc did anything the they buy They un ar U. U telling one OO another r that In six lx months the they will wi be l looking back to March and ant April pei an and exchange con condolences over their I Ipei falur failure to pick U up Kome br bargains But ButIn ButIn Butin In spite of nf the thc universal nl belief that hat stocks are arc on tho the bargain counter nobody no no- flO- flO than luau shares The Time bo body wants lants more morl ten ter only emily news new of or the day tny of or bullish orl In ort was In connection with one cue of the stocks a long expected strike having ha I Ihn been hn made male Announcement by hy Secretary Cortelyon that he lie Intends to make the tue banks lanks lh the lie I legal al reserve will wI hn have havea a IL tendency to t tighten money monc for or a tm as ns most mOtt of thorn them hn have havi been In iii the habit of running under the time limit Imi Tue only distinct dis dis- development dc of ot the time day of a discouraging discouraging dis dl- nature was the failure of any any- hOll body to 10 COil eOln forward and buy the Iho million milon mil mall mi- mi lion lon poun pounds s of or copper offered at 21 cents cent on omi Oi the thc New York lork metal exchange In trust circles a corner cornel In III copper coppel metal jS s hinted at The fhe market t closed dull dul and ond without material change The fhe number of shares of oC stock locc sol sold today tolay to to- ca lay day was SIS a against tIme tho cor- cor 1 c day Jast ast year The total loial par nar ast value aluc of or bonds tol sold today tOllay was agall against t 1 O tho time corresponding corresponding corre COrre- ca day last year ea r. r Car building and railroad equipment companies arc alc reporting hea heavy business and tremendous o earning Tile The mines will wil ilI be he oen opened at Gol fel within a few days as a's the mana managers ers say ay if It has ha to be in done Ole with soldiers sol on guard The clue question tion of organized labor laboris is not Involved Th Tile The dispute seems to be Oi one le hot between cen owners and miners as to 0 which one shall have ha e charge of the m manipulation manipulation ma ma- l- l of or the stock market market 15 E. I H. H 1 1 Harriman hi his has denied de ile- flied nied or denial denil has been made mad for fOI Ii him ha of or eer every report concerning the thc extensIon extension exten exten- sion of tho the Union Pacific c to borrow bolow mone money The rhe only thing he ho has not denied de de- c. c tiled nied is th that t the time IO O of preferred stock toc Is to be 10 Issued This report w was s sIn In iii circulation today oda in Iii Wall Vail al street et I as its was also a t report that LIeU the Southern Pacific will wil Issue the tile i cummins GOO GO- 0 of preferred stock and ani nt ot th the same lime 1110 remove the time retirement clause On Omi tho the X now outstanding Th Iii 1 A Union I Pacific would be 10 hI compelled to take up n about Oi of the now tock Stock toc- toc 0 of the time Southern mind tl this thin would furnish uj for fOI for ls I 1000 vf f r Union Pacific pl pre 1 erred stock Known lm Ino movements lh 5 or of C money indicate a ca cash h gain pain of or nearly by the tIme banks for Cor time the week One house in Ill all A Val street i is said ulL to be II borrowing borm sharps a against sales made malle account Ico nt of John D. D Rocke feller fenI Mm h Rockefeller ns os a a. rule does docs not deliver dellI his own stocks stocks' but borrows and covers ers co when he lie wants to 0 replace hl his holdings It I is said all at times lilies as s man many as shares of stock arc ae L' L borrowed borro by him lie He is the heaviest plunger er In Ill the time stuck stock market known to Wall ail al street That Leslie M. M I Shaw Shaw former secretary of tIle the is isn n iii optimIst l. l is proved pru b by time the tact fact ct that his banking tIme the Carnegie Trust company Is h acting as its ll registrar for 01 an Alaska bonanza that pa promises ml es investors 1000 a year CU for fUl Inn Invested It of ot Prices The range of prices prices was as follows 1 Open 11 Close e. e Am 1 C 11 corn com COl 11 ai COV 51 SO s N 31 3 WliAm Am Ammi Smelt com om 13 1 i 1 1 1 Am In Loco cOin com 1 I j b 62 m l. l 1 Am Ammi m Sugar u ar cuni com s. lum 13 i. I 1 1133 I J 1 Am 1 Wool cum com 32 12 3 1 2 32 3 32 l Amal Copper Coppel 9 95 2 W nt r 3 3 l Cup Cop 7 tl cl Out Gl GWI H 01 61 chIMon com com iI WL 1 Ui I fl li 1 Halt Bait and amid mil Ohio com 18 J te S Rap nap T r r l 1 w G i Canadian tG lit Hi Ches ani anti and Ohio 1 ii I 41 1 li In C M tI I timid and St it t Paul 1 1311 IL 33 Cob Colo F 1 and nu Iron 35 8 i CS 35 J Eric Brie com coin COI 21 I 2 21 I tc Illinois Central ll Uj I 11 I. I I 1 I Mexican Central 21 I 21 l 21 1 1 1 I 1 Missouri 71 jl 71 iJ i iJ M MiD rC K and T 1 1 com coin 36 6 36 Zo 26 5 1 M a SO j preferred 1 6 65 05 I w G 63 Nc New York Cent tS lS IlS IM i lS' lS HSi HSiN N Y Y V Oil Out Ont and amid W. W I. I t SS' 3 SSi Nut Nat at Lead Leati Leac coma com I 12 C G Cl Gl Cl CI Nor una amul 75 11 7 ij 5 Nor Pacific 13 1321 1 tt J Penn Pennsylvania I II t 11 lL Reading Beading cum com 1 j lQis iut W lOCi lo O f Rock Hock Island com coin 21 l 21 Hc Rep I r and S com 2 23 3 2 20 So o Railway com COIn OI f 21 20 I 21 l 1 lJ So J com COil 82 sc S 1 b b 82 Ih Union P. C com coma I 1 i i 13 13 J 1 U S com 37 37 37 N i tto preferred 10 11 IWi uj 1 19 lO i 1 1 M. M r. r K F. and T. T r. r pfd ex th 2 per Total rota t sales ale shares Money Jl clo closed ol n at t 2 and und Li per cen cent t. t |