Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-03-25
STOCK MARKET
AGAIN NERVOUS
Prices Broke Wildly and Damag-
ing Breaches Were Made
IN Values.
SELLING DEFlED ANALYSIS
Rothsc,Ild Says There Is Absolutely no
Danger That Exchange Settlements
WELL Result Ia Trouble.

New York, March 25.--Prces IN
stocks broke wildly again today soon
after the beginning OF operations on
the stock exchange The opening deal
ings showed a mOmentary stand
against the forces OF depression, which
was helped by more cheerful tone Of
foreign advIces this morning. Quota
lions received from London at the time
OF opening here showed some wide re-
bounds from the New York closing
level OF Saturday and these had a SYM
pathetic effect on prices here The
scattered gains here were not up 10 the
London parity. however. and there were
many ragged declines. Almost lmme-
diately prices gave way and quickly
succeeding quotations showed some
damaging breaches in values. Anna lg4a-
mated Copper, Reading. Steel Harri-
man and Ellll stocks We're special sur
ierers and the coIlapsing tendency In
these stocks conln untcated itself TO the
whole market. The wide intervals OF
the decline betw cen sales marked tho
urgency Ot the selling. Sharp re-
bounds from lower levels touched sue
ceeded the decline, but the rise vary
Eng from L to D points in most OF the
active stock.
The selling at the opening was OF
such general character as To defy
an analysis S1uch of 1t was undoubt-
eddy long stocks to be thrown over,
While as much or more was represent
ed by bear operations. The improved
tone OF the London market was not
wholly accepted Primarily the weak
ness of the Copper stocks was attrbut-
ed TO the heavy drop in sheet copper
In London "A sharp decline In tin WAS
also reported from that center
Assurances OF the absence of serious
trouble among the members We're given
by stock exchange officials. nj the
lending banks no news bearing upon
the market situation was obtainable,
London bought in the early Trading
here some 10000 shares, 1t MAS said.
Investment buying also helped to rally
the market before the end OF the FIRST
hour, Call money opened al per cent
and was loaned al per cent a noon.
RoTHSCHILp'S OPINION.
London. March 25.--sTherc is abso-
lutely no danger" was the reply OF
Lord RoIhscllSld when questioned today
by the Associated Press IN regard ia ,taei
| fears that the stock exchange settle
mept would result In trouble. There
may be a few small failures" Lard
Rothschid said, '-bnt the reports that
a blg financial house is In difficulty or
that serious troubles are anticipated
are mere Inventions. The London hold
ers OF American securities have been
induced to sell there upon the report
that President Roosevelt intenda taking
steps toward Matchmaking the rail-
roads or at least enecIing legislation
that may curtail the roads earning "a
racltIes. For the same reason some
German holders OF American securities
have been selling In LOnd--7- Then, of
course, there are great demands for
lnoney from all points, but / have every
confidence in the ability OF the market
TO bridge the difficulties, one thing Is
Certain there Is no panic and there is
no danger of a panic in London"
LONDON EXCHANGE.
London. March 25.--Iu spite of a fur
ther fall In price at New York Satlr-
day, the stock exchange here today
opened much calmer than during the
closing days Of lass week. Americans
opened at about parity and an all round
Improvement developed. the features
being Union Pacific which rose a1s. and
Canadian Pacific, which rose nearly
points,
BERLIN CALM.
Berlin, March 25.-The tone ON the
bourse today wa-s calm In comparison
with the excitement Of Saturday. Banks
ana lndUstrals recovered part OF the
heavy loss they had sustained. Prices,
however, are still far from strong.
PARIS HEAVY
Paris, March 25.-Prloes on the hourse
today were heavy owing to sdvlces
from New York.