Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-05-09

Hudson, which dropped 50 points. The
liquidation had spent some of its force
toward noon with the announcement of
the agreement above mentioned and,
just before twelve there was rapid and
violent rallies turnout the list, ranging
from 10 to IS points, the latter in Della
ware and Hudson.
AT noon the assignment of Charles r..
lSickels, broker, Was announced. AT the
stock exchange clearing house 1t was
SAID the balance of Northern Pacific
common to be delivered is 10000 shares,
all of which is 10 be deliy-
cred at 100. The largest single lot was
1900 shares by large international
banking house. and there We're several
lots of from 1000 to 1000.
Ihe floor of the exchange at the open
ing showed the most excited throng of
brokers seen in years, among thosA
present being many members who are
rarely seen in the trading crowds.
The opening was chaotic The one de-
sire seemed to be to SELL sell, anything
-, w "as "iilihs 70 take
annearea ~, q 'a's -. -. Mael :
-. u operators
a., .., ri'''-.''iu ~ nave 'heir pouna oil
iiesh from the people caught in their
net everybody felt he must free him
self from his load of stocks and stand
llo'i uIcer, lest the worst should hap
pen. They had hoped before the open
ing OF business that some announcement
might be made that the Northern Pa.
cific speculative .ssor,s,,, n,y,, a.,,,,,a
on agreed terms bn. the t,rst cole, Z,
stock dis,neI,a,1 th;., ir,,,.,o.
Co.. =
- t.a,,;,,'... ~ ~ De 'i'ore
~ - iieli came the oi :
J. = go ''o.sse'iieii, :. On me tape by
:, -sortoh that they would not
dsinand the delivery today of 10000
shdres of Northern Pacific, common. TO
them. This announcement, was followed
by another rallv ia MANY stocks A,
12:3o Northern Pacific co,,,n III,
700 fnr c.,h 4, ,t,i.,,,,
seemed. ~ t.,,,5, .''N' ~ :
- 49, 'iif'i' az any
-. - 'its e''c oay ana price changes
oes"eeii siiea We're not so wide as they
ma peeh. Even Standard Oil declined
to 300 per share a drop of III points
from last nights close.
President Hill OF the Great Northern
road, made this statement today.
Il never bought or sold share Of
Northern Pacific stock on tn. tioor ANA
what is more. in six months n bavs
neither acquired nor gotten rid ~
~ y
stock When the fog of battle lifts .,,d
the air becomes clearer as i believe n
soon Will. th, people viii see many
things in a much clearer light Than tnev
do now.
We never had control of tho North
iern Pacific road: we do MOI want ira
control; we are not irving 10 get rho
control, and under the law we could n,t
retain control if ever we pot ~.
There has been apprehension that
large funds of money might he called
from New York by the co,,ntrv hants
but so far there has been no evidence in
support of this theory. ON rho other
kand. money is being forwarded 10 New
York largely by bargain hunters from
all over the country who wish To secure
cheap stock.
AT / o'clock the failures of w III.
Brewer and j. II. Lee were announced
en- the consolidated exchange. Rumo,s :
were circulated affecting the credit q,
several stock exchange houses. bnt thov
were soon officially denied IT vas said
that many strong firms were ,and,n.
available funds in efforts 10 cheek me
declines of prices. The hanks nm the
ether hand. became more conservative
and decided 10 loan only Ia their ra..n.
lar customers and come borrowers had
Ia nav from 10 10 q, ner cent for none :,
4 more bonefu feeling or strenptb y.a :
caused nv the semi-otticial sta1amsnts
that the lenders In the f,nancial ,vo,,,,
had Insisted mat the Harriman.Nrorean n. ~