Daily press. [volume] (Newport News, Va.) 1896-current, 1907-03-26
Stocks We 6 Offered for Sale by
th9 Thousands aud There
We're No Buyers.
WAY down WENT TIL: ENTIRE LIST
The Metal Market in London Was
Greatly Disturbed and the condi.
tiono There Were Reflected on This
side-Profcsslona!s Glass Movement
AS An "insanc Desire to Sell.
(Dy Associated prosnl

sls INV Associated Jroeu,
NEW YORK Mar ro,,, 40
stock market derios nnv c,r,r nnaIr'
sis. rho .urSncn rncts unor viii,
there. Is no room for disn,to nro No,
there wns mn unhridioh ,,,,,,,,,,, -, ~,
sell securities and mn almost ont,rn
paralYsis of domond rhn nn,,,o,,,a,,
ces to prices were such MS mioht no
| imnrined ,Thnt NM, ,,rront ,,.Sa,.,i,,.
was forcing holders of sncn,itinu -
mart with them did not ,,no,, 60,
any. facts known IN IN, 'phiio MI
banks were NOT calm loans mud 10
withdrawal Of credits Nv mnnev ion,-
ers could NOT bc uscrihod os the Inv
pelling cause of the slump.
VI course The violent decline and
tle shi9nkaSe In collateral caused n
REIMBURSEMENT constantly of loans and
WIS shrihkaEh oil course forced vul-
ncrhpie holuihss upon the market in
VIC course OF the iali But stringency
VI money was net the primary cnuse
! ,n Forcing the liqiiidation. SO far as
the dread oil failures ut the coming
stoIh sil,aIkeI set'lemehts IN London
ana Berlin, was concerned the situa-
,iuii fatS :huiiii'ledi2 improved over
w ~ y S'gASe'
Ear prices of AMERICANS reported
| from London showed scmo sriolents-fes
pounds from Saturdays closing level
mere aud Berlin was reported to be
Duyihg American securities in Lon
| aon. Rcassuring advices from tile
hisnc- quarters III the financial
world abroad were received as To the
Improvement IN the situation. Berlin
was alleged to have completed neccs.
far.
settlements which has been the dam
ger point dreaded. Rnmors of an inn.
pcrtant house In London in financial
UNI ic"itles' were snid 10 be disprovcd
by me most careful investigation.
Metal Market Osordered.
Larrn orders wero oxoo,,oa a., ,,,,,
MARKET 10 Inv stocks for forai., '. ~"
count bur With hnrdlv NOR ~ ~,
momentnrv offrc, nm nr,co. on 49, ~. .
ticu)nr In which ! nrLrn d;1 o,y1 p ,,,
ncutely depressIra rnc,o, N,.,s ~ ~
disorder, in her metal morI,ots
Conner ana Tin hoth Showed ho,r,.
declines and speculotivo commits
ments i'm the connor m,rl,c, ,vern .a -,
| to be involved
The large specnl,tIon IN conno,. CO.
curities i'm this market have boen ,>as.
L..
lions. This confidence was sbnknn
and the metal industrial moved oy.
| trcmely vulnerable ms y consro,,enco
including the United states sfnni
| stocks. Large holdings of these SO.
curities were believed 20 he touched
by the den.< allied declines
Holders of amalgamated conner and
of United States steel seemed IN be
suddenly awakened 10 the recollectjon
of past performances in those sccuri.
ties following the quick transformn.
ton from the condition of great pros.
perity in their trades to acute depres.
sion and rapid shrinkape of corninss
Couldn't Hold the Market.
The operations OF the bear contin.
gent in the market are believed ia
have taken on the proportions of n
saturnalia. Individual operations on
the short side In at least one instance
We're believed to be of predictions nro
portions. These operations seemed to
controllers or insiders in any proper.
tE. A striking feature of thn sitnation