| Show BETTER TONE fELT TilE STREET Stocks Brace and Losses of Thursday Wiped Out in inI I Several Cases CORTELYOU IS COMMENDED I I i Quick Service of Government Served As Bracer For Bracer For Foreign eign Markets I Irregular 1 4 Nt N York March l 15 ForeIgn Foreign f 4 1 4 markets were vero Irregular London 4 showed 1 the best strength but f 4 with tho gains following early f ft I t 1 demoralization Paris was nR w weak nh 4 f with a rise In discounts and a af f ff f in rJ rentes Os f- f Berlin DelUn macia recovery but with t 4 41 tf f 1 quiet trading Discounts also ad- ad adf f ff f 4 at nt Berlin failures f 4 were vere announced at nt London but 4 44 4 Rothschild and the reports that 4 other banking Interests had 4 agreed to support tho the London 4 market t had a good effect at that f 4 center Americans were 4 t- t tous ous In the late hate London fondon Improve Improve- f ff f ment and closed at that center t fr- fr with gains extending to 10 points 4 In this market t brokerage firms 4 f- f wore ere estimated to have helve bought f fr- fr GO shares on ott balance k f n Ily IJ C. C New Nei York YOlI MarcIa 15 Stocks 8 rebounded rebound rebound- ed NI today from Crom the panic of the previous two days with a vigor that astonished Wall street Net gums guins ranged from 1 J Ito to I 1 15 points and In izi many Instances the entire losses Josses of ot Thursday were wiped out The recovery reco was attended with circumstantial rumors of or a transfer of Union Pacific control from the thc Standard ard Oil people to the Morgan group but It wn wo denied i In London JondOn there was vas a wild vIlt recovery In Americans due largely to the announcement an an- by the Rothschild that they the would stand under r tho the market S Secretary Cortelyou's relief to the banks as gratefully received but It was generally understood that the panIc panIc panic pan pan- ic was not Caused b by any mane money con con- Now that the tho smoke of or battle Is cleared away It appears that the dreadful dread dread- ful Cui institution commonly known as as the seven has haN been destroyed and anel will ill be heard of ot no more In tho the near near future The Morgan end of or th the combination combination com corn Is lined up with the admin admin- The Tho Rockefeller end is still defiant but bit Is 18 now In a a. hopeless con can diLlon It Is no slang Ilan to say that certain certain tam tain members o of the sw seven n have passed In their checks checks and and nd the they were bl big checks too At th the moment the financial world le seems ms free freo from rom the absolute domination on of of on any one set of iTten n. n tt 1 There Thore iI in I competition once more Inor Ah tn it high finance Investment In buyers Ita haVo 0 seized seined mUI many thousand share share-a of or st stork 1 In the last few lew days day Some Soine authorities say lay That at least half a R. million shares have been lice locked up tp In strong boxes It is certain that the tIle tone ton of or the market market marl mar mar- l ket et was extremely cheerful toll today a As soon BOOn a as ait the market was fairly opened brokers broJer began to l advise e clients who ho had nd been hurt to tl liquidate their accounts The Tho liquidation which always al at- ways follows a severe severo panic usually carries arrles the level evel of or prices down to about the level H established hed at the bottom of or orthe the tho smash In Iii the panics that Wall Vahl streets has hns ever seen seem there thero Is not a single exception to this rule Professional Wall ahl all t is not excited over the thc advance an e today Reasons for or this o settling habit habIl of or the market ore are that many thousand shares uro aro ro u usually bought hought at ot tho bottom by banking ln In Interests to protect the market and these shares aro always sold aa tU soon as conditions con con- vill m warrant sarrant Not a single bank raised a distress signal sl n I and not nota a a. brokerage firm gave Jave the slightest sign of or being In trouble today There was WiS ever every evidence that the severe 80 losses has hns been su sustained by rich persons only Not ot a hard luck story was to be bo heard an anywhere whereIn where In the Street rho Tho number of oC shares of or stock sold today was 1 H against st 5 tho the same caine day last year lr The total par value of bonds sold to toL toda today to- to da L day was against UI tho the thos s same day last year Rock lock Island prices took a n. peculiar tumble Just when everything else elso was going sky k high bight It broke from 4 45 16 to 42 ah Consolidated Gas also alo made a belated below be be- hated low level fin and Illinois Central mado made a 0 low l love level 1 but quickly rallied to 4 where it dosed closed 11 Mr r. r Kuhn and Co Morgan organ and Co and everybody denied ll reports brought to them regarding the th transfer tr of or Union Pacific Although tho preliminary figures res of Steel trust earnings In 1001 5 were made known weeks ago the formal report Issued today tolay was vas very cr impressive and Steel common up p sh sharply Known movements movement o of money y indicate a n hea heavy loss b by the he banks hanles for Cot th the we week ek Range Hanc of Prices The range Tane of prices was as follows Open 11 High Irth Low Close CloNe Am C C. F F. 35 31 38 35 Am Aim Smelting U In Am Locomotive G dj G 65 66 6 gOI 6 Am Sugar lI HO 1201 Am Wool 21 27 21 2 27 Amal mal Copper K A u Ana Copper WM Vt t U tit Atchison 89 51 D. D antI and O 0 l l W I Brooklyn R. R T T. M ro 0 iH i It c 51 Canadian lj l 17 h Che Ches and Ohio 40 4 i 2 12 C. C M M. 1 and St. St P lx 2 Colo Cob P. P and 1 I 1 Il 31 3 31 U 20 ui Erie 29 h 27 m s 20 Illinois Central liS 1 J Lou and anti Nn No h III Mexican Central 0 20 20 21 10 19 1 20 0 Missouri Pacific 70 iO jOy 04 M M. K IC and T T. JB U tt do 10 preferred 63 l 64 61 GH fe 61 6 11 N. N Y Y- C Central l Y IJ N. N Y V. 0 O. and anil W. W 38 35 S 3 i n ISh Nor ar 1 W Soste Western U. rl j i 73 3 16 iCh 7 73 ir 75 National I Lead 51 S 56 52 1 thorn Not Pacific 1 IS i 12 1 1 IG Pennsylvania 11 11 11 12 Peoples People's Gas j t SS i Sj SS es Reading 10 lOW lOoH W tO lOVi Hock Rork Island 21 21 1 1 2 20 21 21 1 Uc itch 1 l 1 alii and H. H 21 S 2 21 2 25 Ii Railway Halway 22 22 21 22 I i Southern Pacific 81 77 7 M Term form C. C and I I. I I 2 Union p 13 1 13 1 V U- S. S St Steel 1 35 37 57 35 2 Z do preferred 96 Wi tOt II M It 6 DO el cl closed sed per centI rent cent t. t t I n. n t H. H Steel common extra dividend 4 of ol 1 per cent American Ame in Smelting preferred extra dividend div dir 1 I per 1111 cent |
