Show I 1 1 GOLD BUG MARKET IS SICK 4 wall street excited stocks stumble and 1 1 the feeling uncertain NEW YORK july IS 18 the stock exchange v F opened bened in ili excitement exciter nent and a general declinda dec decline lineA p 0 prices followed the break started in i n ondon london and WB YR t accompanied by a lepori report thai that a largo large banking house waa was about to fail and that there were laiq liquidation tit da if 0 n O 0 of stocks on their account noname was wao openly elyen given but several were sus suspected it is learned definitely that the london 44 stock exchange firm has been saved from front 0 I 1 failure by timely assistance ond and it was r suppose supposed that this might have given I 1 ground for the rumor as it necessitated 14 added adde d liquidation of several stocks the ili hout hou t referred to is that of crews alech 1 r ten stadt A co oo whose embarrassment wae was osti ad by the injudicious and ini un fortunato fortanato speculations of tire junior partner lichas lie ha 1 been helped and the house will not fail fall and the he junior member of the firm will bo ba dropped this tills would not riot be accepted in tall street as the arm that was causing heavy eavy sales it was insisted that the tho the activity was a larer larger house than crews Lelch enstad t co new YORK july IS 18 stocks opened hen heavy vy depressed 1 1 lower there was co considerable n sid erable selling pres pressure anre on oil the bank troubles of theowest the west and rumors rumor of financial nan cial difficulties in ill london liquidation on a large scale was the tea fea ture are of th the e early trading A furthered further ad ance vance in in the rates of exclia exchange destrO destroying yin the gold ial imports tarts and reports affecting I 1 the h a credit of pacific stall mall union affecting pacific c ilia d and other companies accelerated thedo wn I 1 ward movement A sharp barp fall wiped out a tit the margins margin and sand the hoi brokers were compelled to cloe out their the ir contracts in many cas casa a 8 the break in ili prices ranged from 6 to 4 the latter bring being general araniti hectric to ts 57 which aich la is lower than luring the cordage panic lead dropped 3 au tom to 00 pacific A a 2 to 11 st baut ia I a il 2 4 to great 1 1 northern preferred 3 to W atu AtIt Welock the market was liel heavy lily A further deat decline I 1 ie occurred after 11 the lowest quotations being made since the decline set in ili kt st paul sold a as low 1 ow it as 3 55 on a decrease in the barnin earnings it last w week bev kock rock island fell to box 66 it noon the I 1 market was weak 1 I 1 toward the close stocks cold sold almost regardless of ariee national starch I 1 second preferred fell birg ti leago la 8 34 general electric Elec trin 6 areffi american cot coc I 1 ton oil preferred 7 manhattan 6 st paul 5 C louisville and nashville 6 I 1 american 41 4 burlington and quincy W 4 national lead load 4 ax new newyork york control 3 during the last half halt hour of I 1 business there was wits an outpouring of long I 1 stock on the vague rumor that a down I 1 town bank had called upon the clearing house for assistance but upon tion lion it was found there we was no troth truth in ili that abe story A few stocks rallied to lya 1 per 1 cent in the final dealings but speculate speculation culat fer or i left off beav heavy y in tone forte governments were I 1 steady I 1 petroleum e tro leum dull I 1 1 |