The daily morning journal and courier., 1901-05-11
STILLCLAIMSCON1RoL0fN.P MP.
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 day 1t was announced by some of the banks that loans which had been placed in yesterdays excitement had been vol untarily paid off by the borrowers to- day and the collateral taken up and de- liveries made with it.
 A rebound in prices was natural and in evidence. The extent to which 1t ran was, however, surprise and was attributed to various causes. There IS no doubt that among the heavy losers in yesterdays slump were many of am pie resources, who viewed the situation with a sporting instinct and deter imitation to recoup losses by following the market. It was the popular belief that some of the western potentates who were admittedly forced r"to walk sideways" during a portion Of yester- day were again in the market this af- ternoon in a bold attempt to retrieve their losses.
 The obvious leadership of the move ment of Union Pacific and the south western group gave ground for the con- lecture that it was based on benefits ex- pected to accrue to Union Pacific from a control of Northern Pacific, a control which was still stoutly claimed to-day but as emphatically denied by the Hill Morgan parties. It was remarkable that the breaking of the corner in Northern Pacific by the settlement with the shorts at 150 brought almost no stock upon the market, as is the rule after the continuation of corner.
 There is scramble to get out on the part of the longs after the settlement comes. But it is evident that the con- testing parties in Northern Pacific ere not yet prepared to let go of single available share of the stock. The set clement with the shorts progressed to- day at the offices both of Kuhn, Loeb & co. and J. F. Morgan & Co, and 1t is probable that only the completion of the settlement will reveal how much of the purchases of stock made by the two parties within the past week can be delivered.
 The bargain hunters were also on hand, although their operations fell away as the recovery in process pro- gressed. During the morning, how ever, there were large number of transactions recorded for cash, both in BLOChS duu WlilSli iS ei lhoIlCi III which the bargain hunter usually pays for his purchases.
 There is belief in the street that yesterdays panic was made unnecessa- rily violent by the excitement of some of the newer members of the stock ex- change. many of whom are very young men. It is supposed that some of these made undue sacrifices in the chaotic conditions on Thursday. There was some buying back of stocks from these sources and also by those who got out in time early in the week and want to get back. To-morrow's inn pending holiday it was felt insured a period for calm reflection which must tend to still further clear the situation.
 Some of the more notable of the days advances were: Union Pacific P, St. Paul and Lackawanna 1T 1-2, Con- solidated Gas 16, Burlington and Amal- gamated Copper 12 1-2, International Power il 1-2. Baltimore and Ohio H. st. Louis Southwestern pf, 10 IA, Su- gar, Delaware and Hudson and Gen. eral Electric 10.
 This represents a rapid rate of re- covery from the extreme low prices oi Thursday.