The evening world. Newspaper, September 7, 1901, Page 8

s _THE WORLD: SATURDA ——__++ Money Kings with $100,000,000 Pool Fail to Stop Flood of Selling Orders—Leading Issues Dropped from 7 to |0 Points—Excited Speculators Rush to Sell. 3 — 3) o} Strenuous efforts made by J. Piermont Bry Bee eae a plan this morning to close the Ex-) Den. & Mio Gi a 1% @iorgan and other bankera to avert n! : change. A meeting of the Governurn pia we a 3 panic on the Stock Exchang to-~lay | > was held to discuss this and the project 40 |) were in a measure successful, but there |: BREAKS IN THE LEADING was unanimously rejected. [t was held ay io} was a tremendous decline al! along the that to cloay the Stock Exchange would 59% | line. The market closed from 7 to 10 SUCELSS Ul IN TO-DAY’ us MARKET. ‘| be a confession of weakness and would aus points below the figures of yeaterday, —— —— “| serve to precipitate Just what every one | we 1S and although heavy transactions ruled | é meres ° >| was anxious to avold. M316) the situation at no time verged upon the 5 Paras Yesterd “ towest Net 4 B/8 eanleky: Closing. To-Day. Loss. 14% 1% Mr. Morgan and his associates nad|‘? St. Paul ....... 16514 166 51g RUSH TO SELL ie g agents on the floor at the opening of the Consolidated Gas 225% 21614 9% ES 267. | 2 oo 22 2161 arene o market, with instructions to take every- Brooklyn Rapid Trans WM 65tg 6 LEADING STOCKS. Misiourt a a y wes thing offered, no matter what the price at met La D1 In tho first hour of trading it 1s estt- Sugar ..... 135 128 San ieia S| cae BINT ® mated that the syndicate acquired at Union Pacifle 10014 94% _ 6% | Nervous speculators flooded the stock uz 1% leant 350,000 shares of the 4%,000 shares Atchison . 781g 12% * 6% | market with polling orders at the open- 10% |@ Geait in, oe eae a0 7 &|'98 of the Exchange to-day, fearful of Rs Copper . 14 et «| the consequences of the shooting of ws 12) Withdrew support. General Electric .. 266 253 13 Prashant Mokcinley, Paring WS ‘4 « slum} in Ice: jowed at a pan- (e) Then, deeming the situation este, the Pullman Car. 216 205 10 3 teky patent 8 fo) 40 8 syndicate withdrew its suppert. leiving Missour! Pacific ... 106 100 6 | %n Unton Pacific the initial transactton| | 8 the market to itself. Stocks which had|+ Delaware & Hudson 16714 161 6% | was of 10,00 abaren at a net decline of & Fallled from an opening slump of <rom|‘’ people's Gas ..... 111% 107% 4% 3] 41-2 pointe. Gubsequent sales in thie 2 to 7 points immediately went off again, Saathern Pacis 58% 63% 5a, ' | stock made the aggregate 20,00 nharca ry 2 and for the last nour of the session the i . ; L % tn the firnt fifteen minutes of busines: tein chy 8 trend of the market was steadily down- Baltimore & Ohio 104% 97 7% 3 Missourt Pacific, Consolidated Gas, St.|¥2)2% Picige 3 13 ward. Rock Island . 144% 138 6% Paul and Amalgamated Copper suffercd! U. ¥. = The bank statement, tssued at 1.21% pennsylvania 146 141 6 vorely, being subjected to Intense sell-|\ o clock, was unfavorable and in jtseif 5 1 G6 % | ing preesure, iO} suficient (o cause a pronounced drop. It Tennessee Coal «--.+-+eseseee oY 60 6% SI the frat-named atock was hammered & showed n resorve decrease of $5,400.60. | « 3000064-09000992-0096058 0006 i {down 6 full points te 101, as compared } The nancial kings of the atrect say | 62S>Seeeo® 29999004 robes LOO6E8ADSSH3005, wine Herecooae, a closing, s ores & that all danger of a panic was passed [414 priyate corner in his banking house, plan wan adopted. The details of it are| later recovered to mbout Zl. ‘9 within ten winutes of the opening of} took off his coat and donned an alpaca{ known only to the men involved, but {t TROL Died Raialess Bteal gator kas were, the Stock Exchange. It is said that | omce coat. For thirty minutes he was/is known that In case there should be « there was $100,000.00 at the disposal of |i, consultation with giants in the money|demand for it $100,000,000 will be ready quotation having been 45 1-8 the men who had arranged to take care | market who had been summoned by tele-/ to avert a panic to-day. The preferred slumped 3 1-2, to 91 1+ ‘The statement of the Associated Banks | @) of the market. phone to meet him. Atter che committee had been in aes-| dropped 12 nee, auarter, | St. for the week ending to-day shows: @ (Concexning|the bank fapasere Chale No Panic, Morgan Saya. sion a few minutes messages were sent| Atchison was off 15 B ee teenian ee cree Boon after 9 o'clock Mr. Morgan left{'© several bank presidents requesting | {9 100; Spel cota pases with TH 1-4, yeater- o qthere ta no cause for alarm. The [his office, and, murrounted ty a body-|thelr attendance. | Tue frat to arrive was)’ Before the close of the fret halt hour hanks are prepared to loan money to|guard, hastened up Nassau atreet. Ho Letts bales efeated of the Hanover oe) prading pee es Fea aig 6) any extent; there {s no Imit. The} was tn such a hurry tears forests “ erie me Gasithe ma ratincear Morgan and the banking pool, spent ite City National has joined with the other | take off his oMfce coat an: js hat was WalE eee Rae ee ibarsting tore rigid i luential buying an EP o Danka In a combination ¢o render ald|on wrong end before. He went direct Two point, ‘Tite trading tevel, however, The Wheat Market. in} and +5 y d excitement could be felt. should the situation require it. to the Clearing-Houre. Dressed elt. | till averaxed three potnts lower. William Rockefeller and other giants} An Evening World reporter asked! Hrokers’ oMces were crowded with |, ‘Tho total sales of Stocks to-day were| Wheat had an active and easter apen- him $f he thought there waa any danger| Whispering men, and the alr of the | 975.30) nharca. ing, with no particular excitement. Corn of finance who are out of the elty have of a panic. He did not reply tmmedi-| managers of banks was the air of men Alas Ha of the: market was been asked to return at once. They are hurrying from the Adirondacks, | ately. braced to reatst a shock. From every |at Il o'clock the money kings, consid- Fee the ashore on epecial tratng| “don't look for any disturbance,” he| clty in the country and from all the [ering everything aafe, withdrow thelr m a . pec! y Mnancial centres of the Old Wi . @ support and the bears imimnedi- vd sald, finally, “Of course this att ‘orld tn and yachts. 5 quitles poured in. ately went In to hammer everything, Mr. Morgan will not go out of the|to kill the Preetdent was a great 9 Thereentecen anata and all the leading atocks were beaten cliy to-night or to-morrow, He will| to the country, but the business tnter-|)_ at the Clearing-House! down from.7 to 10 point c r 2 © uP soon after 10 o'clock, when the | | 9. Paul fell 10 polnte, to 1i4;, Consoit- lost half a cent under early sales. Supporting orders appeared at the atart, and held the decline around 761-2. There was a ecarcity of wheat and crowd acted as {f short. Soon after the etart prices rallied to 765-8 and (rade Arsumed a normal appearance. be here to meet his fellow--financlers) ents are in an extremely healthy condl-| (joo) Sh foe Giter 18 ute, to 1 that th OPPEr | Naw ‘ : and lay plans to meet the situation ax] tion. The pasts of the business world | ys aT tees anor Lara - to ab 1 While Armor. Home) Lore. openion! prices weree De: {t will develop on Monday morning. Be eee nat a disaster aa that | CI“inK-House Committee, sald to anjor zi Seer cee amet | OutGtREN oe DAL Dacocshar Guo kien ‘Mr. Morgan is confident. that the shaken ity jaskeres IDE Evening World reporter: ober, Prominent declines were 6 pointa| Cnt care'a opening pelcstears sre aitdation does not Justity a panic." mald B ne g Brooklyn Mapla Tranmity 61-2 tn Ate ago x OES Cone NO sere Mr. Morgan's appearance and manner| “A resolution was adopte, at the|cnison 13 in General Elect in Pull. |cember wheat, 702-4 to 701-8: May, 741-2 to ; Beptember 681-2 to 68 3-8: May corn, §9 to 691-8; December corn, 87 to 871-4. Aa man who is ome to the great banaer, “but he Is taking no chances, Should| delled his words. Ho wns flustered and peeing rhleh sives anstranc ia that the| man Car fompany ore de dn Unton Pee 4 dle , nervous. It waa generally conceded that K-Houne ts able to meet any de- jbicrk i the Predident die or should his condition mands that may be made by the mltua.| ee? © ee be worse on Monday morning it ts going] UPON Me shoulders reeted much of the | PAnGe to require all the money and sktl! of Mr,| responsibility for steering the cratt of it ee sueee the unanimour opinion of The Closing Quotations. New York's closing prices were: Sep- 3 Morgan and the men tn his combination| finance through a periloun day, and tt] ie Dalikers Dresent that there will be / Ope High tax. cum [tember wheat, Tt toh, October, 14 24; 5. to avert a moat dirastroun panic. On| waa plain that he felt the responatbility, | 17 erious resulta in the financtal] Amal. 114% 1]0% 111%] Decembur, 76 3-8: eptember corn, 61 3-8: House Meeting. =: December, 61 3-4; May, 62 3-4. the other hand, if the President ts better Clearin) senry, Clews,! just betore th pang s wa, just before the o; . Hall met the Clearing-House Committee, com-| "Thera in nothing in the. financial _ | pesea of Frederick D. Tappan, Chatr-| aituation to call for a panic as was the Wall street was a centre of apprehen- | 15, president of the Galiatin National | case when President Carfeld wae apne Chicago's closing prices were: May whea' December, 70 3-4; Septem- es ber, 67 1-8 € The Cotton Market. e Sosakae. » sion and energy early to-day, Despite thy es >; 3 comforting assurances ax to the condl- anal Se A ne sree of rh oe sat time, it na be re- a) The local cotton market opened weak : tlon of the President tho tn of he Corn E: ni . " * | called, j¢ market was on a om and 68g = y, ith y ‘3 <7 rf ; finance feared a pante, aes them | Ward Simmons, President of the Fourth| prices were abnormal, the cause being a 319% Bae See eee er cera toh Erne Amer S: Plecponth Soresn 8 Pine [cursed for PIAA ee aa : had been up the greater part of the |Natlonal Bank, ‘The committee, with | the resumption of specie payments in : BH Be ‘The opening prices were: Beptember, |jeader af the forces silted tp ceert a | Bince che declaration of t a Mr. Morgan, went into persion at 9.80] 1679 : SE Se bs Te: Be [leader of the forces allied to avert a| Since che declaration of the steel 3 night devising means to check the eriats | 4! aa, wo” wis 65 bid; October, 7.68 to 7.69; November, | panic in the atock market to-day, and|Mr. Morgan has been closely xt RK they feared, and tho opening of the | 'olock. ite “At present the business of the coun- 6185 bid; December, 7.68 to 7.69; January, |no day laborer ever did more exhausting | by detectives, but the guard was more | Ita fl | Dusiness day found the big men of the 100,000,000 Ready, try In in such a sound condition that Sis to 7.71; February, 7.70 to 7.71; March, | physical exercise than did the banker. | than doubled to-day. financial world at thelr des At thia meeting projects were discussed | stocks are worth what they are selling 3% to 7.71; April, none; May, 7.70 to 7.71. |" y¥e had no time for cabs, and the re-| At one time there were eight Centra For the first time tn the memory of} to ward off a pante and supply money,| for. There ts nothing whatever In the ort 16 The closing prices were: September.| markable spectacle of J. Plerpont Mor-|OMce men in and around his office. mag J. Plerpont Morgan reached his|/should it be needed. Mr. Morgan, Mr.] outlook to cause alarm. + TIN IAN ; November, gan rushing through the streets of the {M9 time were there leas than atx. and tice eters! o'clock—half an hour be-| Simmons and other bankers had outlined| Some of the Wall Street powers, fear- 294 2m Ie wary, | Ahancial districts, his office coat irate Cetera iment, ne wan ecampanted 76 9 o'clock to be exact. Ho went tola plan of campaign last might. This|ful of the result of a pantc, broached Bb ied ace “Market quiet. [ing out behind him and a body guard of! more of his partne SORT eae | pests of socte May corn, 8 1-8; December, As he looked to-day rushing from bank to bank i Wall street. He was too busy to use his cab. Te Ce et Pil eben inleh iene bteboiebeintboleitebeinint LRP EPR EEE EEE EEE ches bicit bi Ca ae a Sl De a ss es ts lebeinitvivicivivici-inierinvicr 7 € €, Biggest Family in the World. Illustrated. Priel Mrs t Pretty Romance That Will Unite Beauty and Wealth. Illustrated. ° Gamblers, | | Biggest Turtle *“ Show Me Your Foot I'll Tell You What You Are.” : New Science Fully Exposed. Cleverest Woman Now in the Bronx * Zoo.” ‘RIGHARD A. CANFIELD, of New York and Saratoga. Illustrated. Aniawnbonenccss Gives Up $20,000,000 92 3. for the Man She Loves. ferred Hae teneal ts TSR i tee | DIERRE LORILLARD#*=--"* S A UR ORA ILLUSTRATED. DOUBLE PAGE. Wild Beasts’ Comics, Solved at Last. Study of Man. of the wie Aa : ° x . bio Marvellous Achievements of a tue Unusual Article, Mlustrated, et copper Mines. Who “Never Plays Cards for Money.’ K Li Monte Cristo-Like Career of iG eo. eppe 2 f * Ever Caught. é mn King Edward's Set. : The i Pleinieiniet 4: xo eaeeey SE ee nt + eet: = inleleieiel oak (Woman Golf. Champion) | i letstetotet S = S MS Q = 8 3 5 Em S in the Incomparable seme t nis 1 Illustrated in 4 Colors. % ae ont ee sereeraain OF. Strange rue See ofa European Happening. Mustrat Mlustrated in 4 Colors. Sy i King of | First Interview with | Aptist’s Model to Wed a Senator. Latest Newport Fad. Pedology © Lat 2 Seerets O ie f Rancocas' a. vases lOBMOS i caasaeneelen es More Latters in the Man Or. SE Were Sunday World’s Fully Revealed. | Woman?’ - Ser Contest as to nee See aun Ex-Gov. Morton’ s Beautiful Daughter Te ee pele Romance of tte Golf Links. Miss Genevieve Hecker oe ee tRoyal Pagilist Who Whipped a Prince. po Wed Hes Chagnon Lares Pienrtictickt tepter O-MORROW’ S SUNDAY CWORLD. and* eerie teleinieteteitetet Romance PAGE OF PICTURES SHOWING First Changes in Autumn Wear. rlvitvivieleiicitirieh eet ere ert “Which Loves Longer ?’’ Scleininitinl ines rie eerie eitcielinpe : Helen Morton. OMA eS RRA AD ai Si gS x Aa KILLANARCHISTS STOCKS BEATEN DOWN IN “MORGAN'S BUSY aN | MAD RUSH BY EXCITED BEARS itp Hint GN A AllcH CRIES LIPTON, ONLY WAY TO DEAL WITH THEM, HE SAYS. ish Yachtsman Passes a Sleep- teas Night—Willing to Poat= pone Cup Races, Sir Thomas Lipton's first inquiry thi morning was as to the condition of the President, and when informed that hoe had passed a favorable night he sald: That is splendid news. What a calam- ity his loss would be to the nation, and, indeed, to the whole world.” Thetrish yachtsman was visibly at- fected and had his nervous system #9 upset by sed a sie I couldn't slee ess night. ».' sald Sir Thomas. ‘here in my bedroom hangs a photo- graph of the President given me by limself two years ago. I could hardly realize that this grand and good man was the victim of a cowardly assassin. - "{ have the greatest admiration for Mr. McK He has handled great problems affecting the interests of his country in most statefmanlike fashion |and he has done more than all the | Presidents who preceded+ him to bring {the two great Engitsh-speaking coun- tries Into closer bonds of friendship.’ “Not a man in Great Britain who does not feel this blow as much, I might gay, the most 1 Americana. And when such a man can be strick- n down It is about time that those . Anarchists, should jealt with witheut mercy. avery Asarchiat shoald he | kitted the moment he professes hin seinciples. This is the only anarchists at a settlement called ago, near hare, heard of the ate empted assassination of President Me- they held a judllation to-night. A mob wi out from Pittsburg and the anarchists out of town. A { shols were fired. i Fashions. | af : to Become - a Countess.» of Miss ‘ | dreadful news that he ~% way to deal with them, | “We make great efforts to stamp out | plague, and we ghould be quite as active In dealing with the nists. |. and Mra, Mfe- a people have (felt sympathy. TL could not more if King Edward himself victim.” the possible postponement races, Sit Thomas sald: to do anything, Nobody f me in showing respect F In the hands of the b, and whatever iT have my hearty K to atay “here all If the worst does however, [do not think any postponement of the POLICE ON GUARD Fearing that In the prevailing excite- mont in Wali street hoodiums or dis- orderly persons might seek to create trouble around the financial district. Commissioner Murphy to-day sent In- spector Cross, with a number of detec- | tives, into tha lower section of the city to maintain order. - At the close of eustnese tx Inapector lreported that rhe day had deen quiet, with no indications of disorder. ‘ | -————— |'SHOTS FIRED ON PITTSBURG, Kan., Sept, .—When the a ae