The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-04-13
MANY REPORTS
OF THE MERGERS
-4
pnsbsr Stocks Go Up on AC-
count Of the RumOrs.
n SHUT OFF COLD EXPORTS
~ IS PROPOSED TO LIMIT THE
SHIPMENTS.
N SHUT OFF COLD EXPORTS


go today and kept the market fever
Il sn1 Unsettled. The jumps OF cvel
= --t-rs on chicago e. Eastern Illinois
~ -rs rise iu Evansville d Terre
g revived rumors of projects fOI
.hssEa outlet for Louisville. and the
-fs-zraas iu prog ess anG Known 10
\. street strengthened the impression
AN impending parting control OF
y-.isrflTz az Nashville itself There
renewal of the activity and
..--rrrb fr colorado g. Southern. which
attributed TO the working out of
-s r1r fha extension of the Rock
rsrd connections. indicated by the
-.-.rgsa of the ChOctaN, oklahoma &
f Otherwise the principal strength
md I'm eua.iaIti-S. The nuGyaut rise
.. gaadfan Paciic 90 100, with re-
,.--s of point. was not explained.
III strength OF the various rubber
..rE- was due t0 reports of proposed
-.rar- ass were the movements iu
VIRGINIA Carolina chemical and cotton
n The rise of over points iu Inter-
.-nai Power was due % the cEUec-
...ar of stool. subscription rights. The
.4re.n of the market was rot gen
r.. and The advance after the bank
s.-aaeut uas met by reaIi7' ~. so that
m closing WAS Irregular. The cash
taae5s .H the bank statement con-
t.nei closely 90 the estimates. The
Ian decrease was larger even than
rr=1 for. but the knowledge that large
.5ns were transferred TO the trust
nnulies and 90 foreign lenders left
rs outlook for money by no means
DEAR.
There was a remarkably teverish and
uau. Stock market this Wees, which
aa.trfhute5 in Wall street 90 the spec
native operations Of a group OF wealthy
~n who have realized great fortunes
the iron and steel trade and who
vefi controlling factors iu the con-
s.ueDt companies of the steel corpO-
rum before the formation of that con-
5n The upward course of prices
mich was established last week was
Interrupted on Monday by enc fears OF
none StriugeEcy. The large Exports
U gold for Tuesday. steamer threat
uai total Wiping OUT of the surplus
reserve of the banks which was cut
Gown to tUo-thlrds, as result of the
tl1sfCtiuus of last week The rise iu
Oh. money rates shut oft further gold
exports ard made it profitable for for
esl bankers to negotiate heavy loans
il foreign % Hey markets 90 place here.
THE trust companies also were large
lenders at he higher eveI, as they are
ua. subject 20 The SAME legal restric-
items u.s. r0 the maintenance of cash re-
and are thus axle Co leave their
cash 1u deposit with the banks 20 fig
u H -h-s' ash reserves. while taking
o." ,ls banks loan This feature of
The .oe. credit situation has been the
subject ot some comment and criticism
u connection with the active specuIa-
um which Is foStered by the resources
iais made available.
I'D. money market has. nevertheless.
irra unsettled an week and subiec. to
y..aslp'3al hurries, and it is believed
.leg ate protected by heavy loans on
i--e j, was suspected that the early
d settlement of money VAS due partIv
% the taking oUJ of large time loans
Do ais interest The center OF the
SPECULATION shifted this week from ST.
ial. ana the western group to the
t.A-rn railway field. The movement
louisville * Nashville became So
asa''ana. that the fear arose that
Dr. circumstances of the Norf bern pa
90. corner last May might be re-
gated. The reference yf all the par-
-s ln interest as TO jhe actual cor
.-9ns existing i'm tho stock added TO
.e uncertainty. The plausible theory
'dnc11 was that advantages had
t1 taken of the strength OF the stock
market The newly authorized in
vase OF $s,e100l0 Ot1 stock The for
AMY or application and listing of
-" STOCK issue on the stock exchange
zauFsS about q months time. Mean
-lie the new stock is not a good de-
very against sales made on the stock
N.--"ase. IT was supposed that the
ls.laLFe pool ia the stock had dis
.'s-ed thIS technical short interest i'm
-s market and by forcing up the
'-s "lS compelling the delivery of
l- A A--1 Tor control. this threatening
1 a.s'ii Ion OF the control. The an
.-.7u Purchase 10 apply a portion
'.e new stock issue c1 the purchase
.-r atlantic. Knoxville & Northern
waited an mcurSiOl into the terri
.f Rl the Southern Railway c0mpsnv.
-..E were -auJeCtureS that control Of
e3 INTO Chicago running north @.
ll-' river was also sought. C0u-
- VITA The enormous dealings i'm the
D. these facts and surmiseG gave
90 me sulp0SitiOn of a contest
control and the activity and