There was nothing in the news of the day to justify a decline, but prices fell and fell.

The bears had it all their own way, the big interests hammered stocks all along the line, "coppers" especially being the object of attack.

The market closed feverishly and the next day the same tactics were pursued.

From the opening, on selling orders coming from no one knew where, prices fell to nothing, a stampede followed and before long it became a panic.

Pandemonium reigned on the floor of the Stock Exchange.