The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-12-13
CRASH |N.ST0CKS::
STREET IS QU|IE|::' ]. /
Values Crumbled Away Rapid
ly But There Was Little
Excitement.
LAWSON STILL. WIELD DING c CLUB
Reported That He Will Continue
Tactics Tod Market
Very Weak at Close.

Especial to The Times D,spatch.)

Especial to The Times Dispatch. ID
BOSTON, MASS, December 12.-Thoma s
W. Lawson opened up another attack
upon the mark ct to-day. using A1nalga-
mated Copper AS a1c)nb to hammer Steel
and Sugar. Street has it that he will
continue his tactics tomorrow when the
market opens 1t is understood that an-
other half page broadslde will be sprung
upon the public In the morning adver-
,hsing columns. and that; he will continue
this form OF attack, more or less, through
tho week. Mr.. Lawson claims that last
week he spent so, 900 In advertising. while
II telegraph tolls and clrculations being the
total up to s1o0,o 900. In an Interview to-
5 day. he says
The frightened leaders and agents OF
the system spread reports that was In
lea que with the leading plungers and
nanlpulators of wall Street tllat5I waH
making a mere stock raid /; that I Was
trying to shake down Mr. Rogers. The
truth is that have no partners. Not a.
soul knew my plans until my first adver-
tisemcnts appeared have no price, for
there can be no peace now. until tho
whole rotten scheme OF finance is smash
ed am in deadly earnest. The Ma
tional City Bank is subject to law eSe-
cuted by tho Federal government The
government is bound to take notice of
great crimes against the people. tt .
q ''A1r, Lawson says that If no action Is
taken soon to bring the matter Of the
prosecution of the stock waterers stock
%jobbcrs and financial manipulators to a.
head. he will take action himself.
Little Excitement.
"a NEW YORK. December o.-Beginning
with heavy declines in Amalgama ted
Copper, to-days stock market was weak
throughout the entire session, the occa-
sonal rallies failing to- hold prices for
more than few minutes at a time
Although values crumbled away rapidly
there was little excitement In the street
Brokers seemed to have nothing but
sell orders. they said and they did not
look beyond that fact OF the recent rcck-
less speculation and the campaign by
newspaper .advertlsementtasain cop
per stock to find reasons for the drop
in prices. 4
Money was easy and loans were made
freely, but collateral vas 5scrutinized very.
The market closed weak. with
prices generally At the lowest.
More than two million shares OF stocks
hands during the day. The SELL
Ing wave continued nearly all the fore
noon, with only temporary reaction.
and about noon tho market showed fllrth-5
or weakness. An Impressive feature Of
the forenoon. was the heavy selling by
London houses, These $sales were the
largest In the steel stocks. There WAS
evidently a good supply OF stop loss or
doris on hand hut the shorts did not fare
much worse than someAothers.
Tie Violence Of tho opening declines
was so great and so pronounced that
many brokers and traders on the floor
were overwhelmed with surprise. md for
u little while were quite non-pussed
Any market support that may have ok
listed was without the slightest effect.
One of3tre most sensational breaks was
In Greene Consolidated Copper on Tho
curb. It had been selling around 34 early
In the day, and had declined only nonI-
nally, In tho afternoon the stock broke
nearly ton points to 22. Ton points in
Green Copper is the full par value OF SO