Show CRASH GRASH OF STOCKS PRESA PRESAGES ES PANI I Leaders Strike New Low Level Levels Under Persistent Selling of Bears MANY ANY FIRMS FIR TOTTERING Bankers ankers and Brokers Stunned i by Declines Stand Idly Contemplating Future i t V V VV V V lW W York YOk March 25 2 cast tast it V V over 1 Wall street toay bu but V V V V failed to lo make mako Us Its actual presence foil V V V chiefly o In the thc financial V world to LO care art Utter prevail jUC There ar or arp V Zillion j to V t j. j p moo many mem men anti and firms nn on 1110 verj V V or qt ruin tIia tho t n sort ot financial paralysis V f V V 1 sis AVIS seemed L tt to have dulled their senu I V V or of fear rear V levels IC With prices crushing crashing to In the panic u recorded 1 V than limn those r. r March H 11 tIle the men mn m n In the thc greatest tc t danger dan V ger appeared to take tak only a 30 passing V Interest In what was being done With Will I. I I V V t confidence destroyed everywhere c rc Irk Ir In k tho iio stock market marlN with the powers o ol of V V high finance In a desperate the men who 11 set see among themselves s I l' l their fortunes fast rat disappearing realize r f that It will swill do 10 them tiem little good to call U 1 r V V for help heir Some men who thou thought ht they when were wert Important six elx months ago ngo V the markets were booming nt at high V I. I V I levels vel are an being 1 helped lp el over their I Ii I i troubles from day to day tin as n ii mat 1 mat mat- I V. V ter lr of or routine b by banks hanks that dare not Vt V let Jet them fall not faLl not because of or the till per per- PIma I loss but bUl IHla because ulle of or the crash that might ensue ns I This is IR the con condition Ilion In Wall JI I street Prices recorded i are arl mere Incidents A chronic panic vanic Is in full rull wing swing of tone Money I. I NM N. N So terrific have hn h been n the money V losses oses that mere Inre fI figures no longer Ioner convoy con con- conf V VP f voy any Impression for rOI disunion r that IH IX V being wrought In the banking nn and V brokerage world Vahl Values ahues 4 shrunk today tolla p perhaps but but V what hiat everybody e k j was thinking thInking- of or nn os the new liP low V J 1 woi e eie recorded was WIlS the J between the dH nn nOd l tho I g Definite of or I J received no JP n f- f r V Vr r T ordinary conditions conditio ns El 1 a as I lonn banker l ertl s a- a Mii d l 1 1 mil tl n Information AU Wull 11 1 t. t solidly about the offices I toda today Uko ko an m audience In a l theatre I which hud assembled for fOl a second time timeto to tn see let o n fearful tragedy that the It does 1 V not lint t There arC are no explanations explanation to ta be he made madeno no surprises and no mysteries The rue panic I Is being spoken of or as aft a n. mysterious mysterious mys ms panic but hut there Is II only heV because he- he V cause so many people hesitate te to put V In plain En English tho thio true tru cause of It IL I which everybody understands V A grotesque te of or today's cl K 0 was WOM that cro crash h was wal wn made mode more mare maret t violent by the engagement of about gold cold tor for Import and b by the fact that there will win h be ue o of I dl distributed next week w k The Tue fact rud that nie arc overwhelmed n with business Is I also ato for selling V f stocks Blocks of oC tho those e- e cr very railroads t. t V lull Hill Tumble Iu III hi Ul Jf of oC big drops crops call caused heavy hen RollIng Roll Roll- Ing InS also Hill Stocks were the first to i Northern which h sold last tumble Great t 1 yar ar at 15 an titI l which minu the the- or oro ott certificates sold a at t I IX on i 11 ii V broke from to t NOI Northern which ha has gradually V 1 declined U from com 2 Its HI high record af broke broke- wildly from to lo HUi the ore V certificates leH old J-old down clown to t CO O. O which Id L price th they hive have ever vcr d. d V These figures S were th Ib e cause e of trouble throughout th the entire list for tor owners of oC V stocks Immediately l hogan began to unload V They realized 1 that with v the gilt edged 1 Issues giving g way ii Hk like that th the thc whole structure was as In danger The hour saw man many declines of bt b Importance but V Paron Rothschild In London ht heard ar of If V 4 1 the collapse ami unil 5 sent nt Word that there re id hi In Lon Lon- absolutely no danger or of failures V dun don VI 1 This Tills cau caused d a of the marV marl mar mar- V V l' l ket t. t and for Cor a 0 t hort time th the s selling g movement was stayed Announcement of or V gold Imports to bo be b made malle have c endangered V foreign bankers who felt Celt that thal America V r tal taking an nn unfair advantage in seizing seiz seIz- V ing the thc gold Smellers Lend In lit Cm This time it was WOoS Smelters rs that led Inthe in saloon of or ew W York the crash In Er C every on Sunday and Saturday night and In ever every v. v r hotel a Wall street t pool had had lIa Its V og agents advising ae r everybody o to lo buy Smelters Smelt Smell j ers because o of a U 10 JO per cent cont dividend V soon oon to be declared The market response re ce ce- ce V to these tips was a 0 swift movement move move- n m tnt ment 1 from 1184 to lOt The recovery V march from this drive e w was s but feeble Some of the stocks sare Ponte Panic V V I V Stocks March h H. H Today I Great Creat Northern 22 12 2 V VV 1 KB V Great Northern Ore are V 66 tO ro Northern Pacific ll 11 IU and tl e Ohio 5 90 V J Smelters lIH Paul 1 l lj 12 I St. St Chicago go and N. N W W. HI tn 1 17 ti j i V 1554 Canadian Cal f IT 1 Central 13 n Illinois 72 JI 31 1 Air Brake 11 Iii iw 10 iwI V York I 1 J New cew Southern Railway 0 19 4 |