Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-25
WILD BREAK AGAIN
ON CHANGE TODAY
Some Notably Damaging De-
CIineS in Wall Street
Values.
LONDON MART STEADlER
Stock Market Prices Opened Much
Calmer There
Today.
AN ALL-ROUND IMPROVEMENT
Bankers Denied Talk of Financial
Help to Operators - Situation
Helped by Berlin-Amerlcans
Went Above Parity.

Despite an effort to bolster a
faltering market on the quotations
received from London this morn
ing, prices gave way on Wall street
shortly after the opening, and there
were some marked declines.
There was drastic liquidation,
Amalgamated Copper, Reading,
United States Steel, the Hartman
and Hill stocks and St. Paul being
special sufferers. The collapsing
tendency in those stocks soon eN-
tended to the entire market.
NEW YORK, March 25.-Prices of stocks
broke wildly again today soon after the re-
sumption of operations on the stock eX-
change. The opening dealings showed a
momentary stand against the forces of de-
preston, which was helped by the more
cheerful tone of foreign advices this morn
ing Quotations received here from Lon
don at the time Of the opening on the local
stock exchange showed some wide rebounds
from the New York closing level of Satur-
day. and this had some sympathetic effect
an the first prices here. The scattered
gains here in response to this were not up
to the London parity, however, and there
were many ragged declines
Almost Immediately prices gave way and
quickly succeeding quotations showed some
damaging breaches in value. -,malsamated
Copper. Reading. the United States Steel
stocks, the Hartman and Hill stocks and
St. Paul were special sufferers, and the
collapsing tendency in these stocks com
municated itself to the whole market.
Wide Intervals of Decline.
The wide intervals of the decline be
tween sales marked the urgency of the sell
ing and the prostration of the demand
Great Northern Ore certificates slumpel
Oh, Union Pacific 49, Amalgamated Cop
per Al. Reading 3a4, United States Steel
preferred 35s, Great Northern preferred
and Missouri Pacific 3, st. Paul ~, and
other active stocks l to over points.
From this level Great Northern ore GER
tifcates rebounded ), Union Pacific 3Is,
Amalsamated Copper and Canadian Pa
citic 2i2. Southern Pacific and Great North
ern preferred =, and other active stocks a
point or more.
Selling of General Character.
The selling at the opening was of such
Il general character as to defy an analysis.
Much of 1t was undoubtedly long stock
held to be thrown over, while as much or
more was represented by bear operations.
The improved tone of the London market
was not wholly accepted. Primarily the
weakness of the copper stocks here was
attributed TO the heavy drop in spot copper
in London. sharp decline in tin was
also reported from that center.
Assurances of the absence of serious trou-
BILE among the members We're given by
stock exchange officials. At the leading
banks no news bearing on the market situa-
ton was Obtainable. London bought in the
early trading here some 10000 shares. it
was said. Investment buying also helped
first hour.
Up to 11:15 o'clock the banks and other
financial institutions had made no loans on
call.
Call money opened at per cent and was
leaned at per cent at noon.