PANIC IN WALL-STREET.

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8893, 13 August 1907, Page 2

PANIC IN WALL-STREET.

Unprecedented Fall in Stocks. Press Association.— Copyright. New York, August 12. Further heavy liquidation on Saturday carried tho general level of prices m Wall-street below that at the time of ! panic on 11th March. Tho declines on i fee day ranged from 2 to 5 points on the m >st active stocks. Twenty represonta- j € tive railroads havo showed an average ; ' loss of 7 dollars a shave since Judge ; Landis's hulj;i>ii'!vfc on August -I. New ; | York Coiirral it.-.ilfrav and some others- ; ; fell below u;o prices during the panic of j May, 1001. Some authorities consider the strained condition cf the >»cnoy market the underlying cause cl clie- , liquidation but tho eidef iuihienee [to-day was the aimomieament by Mr K-naparte, Attorney-Uenei-al, that a prosecution would take place of Mr E. 11. Harriman j and his associates in connection with tho i Chicago-Alton Railway revelations. j