Show V ALL STREET HIT BY ANOTHER PANIC Prices Smashed and Small Investors Investors In In Investors Sacrifice Holdings to Manipulators WILDEST DJ DAY Y OF SER ES' ES r I Los Losses s Ran Highest of Any Any- Day Since Unstable Days Day of I 1903 t l' l New Nev York Mardi larch 13 Wail Wall street stroet- f Gored today under lander another panic j r l f smashed prices and ll scared small J iIVO In into throwing I their lieu shares ov autocrats of tho thua street trl t cr r d at-d U a all tur turmoil It was vas said U to J. J ministration that their for fot forin I Ieh ni n in ill legislation must be ad fa r ll bly r The days day's slaughter won a r response pon from Washington an anti and Wilt wile I rumors circulated d In n the last hour of it tradIng I After Arter the d dose close Ie the tue secretary tar of or the tho tre 8 N J Ji i ur ur ury announced that th the which l was waR deposited In iii the bank bankin In In September to be returned about the thus b be be- Binning of February would not be lI calleJ for at present Beyond saying that h was waif keeping a close watch on oa the it lion In Now ow York Secretary 7 Cort 1 ou woUld would not Indicate what his lila further er pj pIan w werl ld l H t p This Tills Is the first time the ney Ie tary lary has hs taken talen steps step to relieve e eV Wallstreet V Wall street and anti In 11 his hI announcement t thero theJA was seen a realization of or hope hop Ui itt Ifo would follow In the footsteps M of Ula predecessor pred bretl- r lI- lI or Mr lr Shaw who oho helped l the th market market mar mar- ket out of tight places time lime and ud nd again That Thai the panle panic and not mar ma- ma I r was WI dellb deliberately dt ly created was 1 th tin Jen general belief in th th tb financial v orl I when th the day tJay closed eJ If It th the mash hal had hadI I I bi been en spontaneous ami umi sincere c I hail ball sucha such stuck a t- t start that oven even the tho powers powe ot the ven vf vEn would ha c ba availed a nothing It tt And yet Ct it W was tl a. a as I Ih h l and gently as a si Teath reather r when th hl trOll trong hands were reached out mit to SlIp supt sup sup- p itS t B It r r n ril Matte hi In losses I The ic los losseS ci tn In some stocks r ran rail highest t any da since tilli 1 n h rf m It wn wun i tile p- p wi at M 1 th L I C f. f Tbt low law Ir prices r reno r t ti w ein i t. t J lh f t rf i I 1903 Jo many mau ol ci of them Ulem 0 d CC tl th the r t I ls of or MA ilay 9 0 9 A t f t. I made 11 new nev r low how records for Cor Or their entire hI to ry I 1 J J. J P. P p Morgan nn had earcey for tol or Europe when the tho bc l gaJ und he W waa 9 out of night of lund land the hue was In Iii fid CuI tul swing 13 Eer very was as brought out to force forro the tho II d' d The speculators SlId and professional gamblers l hud bad u 1 nothIng to do trill wH nn con break Tiles These people stood Idle itile In the thc hl big i commission houses dazed at al the thi- melting rile rho selling was wall a n mystery and d lo o 0 come from rum two or throe three sources only It was t-as a rich dell mans man's panic paille and there the clock because were ivere no failures 1 thrown on t the he market bad been tJ rt for tor in full ruu till or ui wore were stuck stocks sold b by the tho seven i iThe The trouble evidently started In iii Hal Halland Holand Ho Ha land Jand with pie he engagement eng of oC 51 X J W Immediately Imme for or New York Dank rates Were ere advanced In European m nc centres mil and in II London Lon on a a. fierce attack was made on American n H and on Illo itlo which are arc ll hold heW heWn holdIn In n New cw York S The market closed In the lie midst O of 0 d lIe dO- dO 3 on tho the curb caused rl The in New York a a. weak opening panic was pro progressive progressive- up to lo the Jno I men melt t of at its greatest g intensity and mid lh then Lieu li It was gently sto stopped ped 1 j t Ilium HIli Stocks Hill stocks were wert under pre pressure Flure early carly In Jut the day ay Great Croat Northern breaking P Q ten eleven cleven points and Northern points ts G Great reat Northern ore broke nine nino points Other Otiler stocks began lie be- gnu gan an to melt but Reading held urn for tor fora or ora a 8 time lime Just as the lie street had decided that Reading would lead the tile stock suddenly collapsed twelve points If sOil sOil- ll- ll lag ing down to 1112 This Tills completed the won work worl of demoralization Canadian Ta- Ta 1 a- a eWe chic brol broke 7 i 2 points St St. Paul 7 Soo G Ci Colorado Fuel 7 Sm Smelter 5 Baltimore Ohio Ohto 5 Steel 1 4 and aid Copper 7 Anaconda went smashing l 1 a share cent Consolidated Con Con- which Is equal canal to 2 H per vel Gas broke six points points' to the tho thone the curb curl Chi Chi- ne new Dew level levei of or 1 On cage cago subway was tile Ibo center r of weak weak- weakness ness breaking to lo 20 20 a L share winch which IK tit Iho tue lowest price In its history of or the mining stocks were washed Iowa down downto to almost nothing These rallied sharp sharply ly 13 I but Chicago subway closed heavy heavy at ut the tho bottom Missouri Pacific which always in fa a freakish manner remained throughout the thc day under the Inca enee of or President t Goulds Gould's that It Is earning 8 6 per cent net rin anti and undoubtedly will twill be ho able t to td continuo continue Its dividends paying Reports which were alleged to lo from London told lold of big failures tobe tt to lo b be announced In the morning but la- la I I torna-lional torna banking houses denied nil all knowledge of or such SUr conditions Call money monc ran up tip to 15 per cent and un limo 1 lonna Jonns were firm at Sper G G per cent In Iii point of or volume th day was ono of or thi the tho heaviest t In tn yea On tho big l board shares were Vero traded in ID inand in and there were about abOul hat halt n a n million OB oi-i I Ithe the eon consolidated bOnI d This I Is f. about the same rame tIU amount traded In when stocks I hlo t o about a 1 week ago ngo j I I I It It AT tr HOUSU HUSE t. t General Heller IH In That Iu er- er t Arc tre Hack of Panic Washington Marcia March 13 Tho The secretary 8 secre rO tary of or the treasury announced this that It is not nol at ut present his hl l In Intention in- in l- l tn to tho tile at ut which tAhe- tAhe t. I thirty millions deposited III in the Ull depository tory torS' banks secured h by statu l land and municipal bonds under the terms 8 of or tho thit express announcement of or SopI Sop Sop- I 27 21 shall shaH be returned IP tP th the treasury I The Tho 1110 foregoing statement 1 Mr Cortelyou secretary of or tho the Continued on oat Page Iago Two WALL STREET HIT BY ANOTHER PANIC Continued i From Page One ur ury I H Is the tine net result of oC all l kinds o of flurries les tU today Il at al the time White House h lii In executive e t I d department e ts ca cabinet b mm C t con comm chives cla a meeting of or the time ni with will correspondents and of time the PIc with u James Speyer mull all of or which gro ro out of or time the panic send in Wall Wail street As s soon scum as the news new began to lo react reach Washington that there was u a panicky feeling In lii Wall six MIx of uC the time cabi- cabi noi officers found their wa way to lo time thc White While house Hou althou although h their thell presence there them mind and a long conference was subsequently explained as a mere lucre accident of forces moving 1 in lim time the same The rue new newspaper paper mUCH men arrived about the time time tho the cabinet officers appeared Tint Tin President called culled them all sill In after time Iho cabinet meeting meeting- and und talked tallied lo to them while ho was scams being sin shaved Mr pc cr put In lim his lila appearance lie bo- 3 i tumid and 1 i o o'clock lock find and about time iho later hour Mr rr Root ne mid Mr 11 Cortel- Cortel you ha had a second conference with tine the resident t. t Time The general speculation after all these spectacular hn somewhat mysterious mys doings at the time White House was ws that tinY the railroad HI people themselves e got tip lip the time panic panle as time the first gun guim III In their campaign to tm frighten tine the lon tion Into Inlo to an nn open statement along tine the lines Ines demanded h by HarrIman Morgan an and the various marious railroad presidents who wino 0 recently spoken of or panics panic and amid shocks to prosperity The number of shares of stock sold tOlla today was tl against the time same du day H It year ago ugo On tine the curb e rah v. ril stocks stock entirely while their wet nurses were mien at ut lunch but hut put pUl In an aim inco when their patron saints returned to o the street Cotton Collon brol iroku u about 20 points an and coffee corree also went tumbling The rue last lost hour of or tho tine day sa saw sut It u I In iii nearly everything everything- and amid call mone money I fell feU to 5 TIN per cent Tho Time time monc money ruled around 1 pl per I rent emiL nt Wall street great si significance to the lie special meeting of or time the Presidents President's dents dent's cabinet In It II wa wax f feared arell i that hut somebody had leaked and amid thul maybe mayhe time the true mime Inwardness of Hn tile present panic had hud become known In time Iho While Hou House c. c ln i Hawley said saidI I attribute time thu renewed weakness of the lh market principally to the fact that lint people who wino own good stocks are selling them partly because thc they have hu become frightened b by tint tilt decline tutu Ulle and also Ig Ignorance Ig ig- norance o of President noo Roosevelt's ol elt iii t nn n Wall Tuili Is li the time on only I blue spot In iii tine the country countr J J. J P P. Morgan forg A 5 Co Kulm Loch Co timid and others denied that there Is nn trouble In Europe affecting hanl banking houses honsEs IH HI reported In spite spile of or general ai weakness Missouri Missouri Mis Mis- Pacific held lucid firm Simm It had immis seldom been Cn known to rail nil that stocks aro at atthe the time bottom bollom of or a movement mo the day the Standard Oil l dividend end I is paid I o |