Waterbury evening Democrat., 1907-03-25
NO CAUSE
 FOR ALARM Lord Roihschild Says There is Absolutely no Danger to
 Finance ARE MERE INVENTIONS
ARE MERE INVENTIONS
London Holders of American Secur. flies Feared the Action of Presi. dent Roosevelt With Regard . .s.a+ Rt
 to Railroads.

London, March 25.-There is abso-
 lutely no danger,' was the reply of
 Lord Rotchschild when questioned
 to-day by q representative of the As
 sociated Press in response to the
 fears that the settlement would re- suit in trouble.
 There may be few small fail
 ures,' Lord Rothschild continued,
 but the reports tbat big financial
 house is .iu difficulty or that serious
 troubles are anticipated are mere in-
 ventions The London holders of American securities have been ilI-
 dueed to sell through fear that Prcsi- dent Roosevelt contemplates taking
 steps towards nationalizing the rail
 ways, oi al least enacting legislation
 that may curtail the roads earning ca pacities. For, the same reason soue
 German holders of American sec. .ri-
 ties have been selling in London.
 inen, or course, there are great de-
 mands for money from all points.
 but have every confidence in the ability of the market to bridge tie difficulties. One thing is certain there
 IS no panic and there is no danger in
 London"
 In spite of the predicted difficulties and the further fall in prices at New
 York Saturday the stock exchange here to-day opened much calmer and with less nervousness than during the closing days Of last week. This, to- srtllcr with buying for the new ac- count. had a stcadying effect. Amn.i- cans opened at about parity, some little aJuve and others below. but lf- to- the, carry over hal been arranged theer wal an all around improvement. tine features being Union Pacific, which opened at t34 and advanced to 136 1-2. and Canadian Pacific, whicn went up from 16i 1-2 to 18S 1-4. Paris began selling katiirs, but this was soon stopped and the market became very steady. The growing invest nent demand at low level prices also had ! good effect. One small failure. that of a broken, was recorded e.riy in the day, but this was anticipated. There Was considerable talk of deal. CTS being helped by financiai houses. but the bankers denied that any Sr. rious demands had been made in .iis direction. 2. s.a
 The fall in Canadian Pacific has been the most serious feature for British sre,.ulators and investors, many of tlle latter having been con- pelled to dispose of their holdings at the lower prices in order to meet ol,- ligations. while in the case of the former Canadian Pacific had been a favoritc since Englishmen began to avoid Americans on account If dis closures made in the course of the ri- terstate commerce commissions in vcstigat,cI into the il.anagenltnt of American railroads ard the threats of legislation and reprisals by the roads.
 Better advices regarding the open. ing of the Berlin bourse helped the London market and the improved feeling was evidenced by the rise in consols which opened at S4 IS and by noon had reached ST. An hour later consols touched S5 IS.
 Almost the entire list of Americans | were above parity by early in ihc af- ! ternoon. some of them being as much |, as points above. The carry over i rates for Americans were about the I same as at the last settlement.
 The stock exchange governing com | mittee has decided that March 30 | shall be q holiday and consequently . the exchange will he closed from the | evening of 3Iarch 2s to the morning of Amil .. .a.s
 New York. March 25.-Prices of stocks broke wildly again to-day soon liter the resumption of operations at he stock exchange. The opening showed a monetary stand against the forces of depression. which was helped by the more cheer ul tone of foreign adyices Quota ions received here from London at he time of the opening on the local showed some wide rebounds rom the New York closing level of and this helped first prices lere. The scattered gains here in esponse to the this were not due to he London parity. however. and here were many ragged declines. AL nost immediately prices gave way nd quickly succeeding quotations howed some damaging breaches in alue. Amalgamated Copper. Read ng. the United States steel stocks. he Hartman and Hill stocks and St 'auI were special sufferers and their readiness spread to the whole mar [ ct The wide intervals of the de- line between sales marked the ur- !, ency Of the selling and the prostra- lon If the demand. Great North ID ore certificates slumped sl-2 'nion Pacific i3-s. AmaIeamated opper l-t. Reading a.. United tates steel pfd. s-s. Great North , m pfd. and Missouri Pacific. 2. st I aul 1-3 and other active stocks I 1. } over : points
 From this level Great Northern ore , .rtifczres rehounded 5. Union Ps- , fife Is. AnzIeamated Copper and ; anadian Pacific 1-s. Southern Pa , lfc and Gerat Northern pfd 2 and , ther zrtvei ssocks a point CT more ,
 WEATHER FORECAST. Ii