The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-23
||I TRUST CASE IS
/ STILL A BUGABOO
..seuIators So Uncertain as to
'psaI Results, They Are Left
in the Dark.
|myE OF MARKET NOW
'nTSTURBED AND WAVERING
|,.oOer Stocks Suffer From AS
ssnnmption That Big Merger
Nay Fail.

yEW YORK, Nov, inc nnanGia. IA.
rrmlnIty was as little prepared toaaS
rLas" its rnal appraisement OF the i'm
mar cornorntions of the judicial de-
t ,ha standard Oil company as 1t
SOL ,hs stock market session OF Satur-
pc IL " w ,he unexpected announcement OF
IN decision. -, ,,,o ,,,.rL,o, a,d
a. marked lapse into dullness when
,',res Ins OF support became effective
'sferi6cant OF the Importance at
ses.a reg 70 the decision and the wish TO
ihr'.,' ,se 0nal disposition OF the case
wen snine forward. 1t Is in the un
tt'uiss thus involved that the princi-
y, ham is feared, not only Tor the
~ sa,ive nai position In stocks, but for
,s activity. II was for this rea
,ns, ali commentators were agreed
~ ne importance of an early settlement
II m, appeal ia the case.
IT," most hopeful view OF the sltua-
rom the standpoint OF corporation
E,s-.sts was drawn from an analogy
~ Inc case OF the commodities clause
II ,bs Hepburn law. Dire harm was
.s,c,ed from this provision in It's early
80 and during the progress OF the
E5s,Ion 10 test IT., but In It's ilnal
I:S,ional affirmation by the supreme
,rrt the speculative spirit drew ACTUAL
Enhancement and made II The basis Tor
sus sensational rises IN prices, espG-
IalIy In the group ol s'oSNs i"''"'uia'eiS
I ,|,F,,ied-the coalerS.
IN" long line OF prccedents touching
I ~ ln,srpfetatlon of various issues grow
~ ont NJ the interstate commerce and
I% entI-tuist laws was cited 10 justify
III ,on6dence that way would be found
/ = ,he great corporations 10 continue TO
In business A faVorite citation was the
y, Thai while the Northern Securities
II -nnany was dissolved by the decree OF
- United States supreme court, the
|-,rrer aimed at by that federation eN-
\ sD In fact today.
! n, discussion OF the situation which
! ns b=en going on among capitalists ana
|lslr legal counselors ever since the news
II The decision was received seems 10 be
>spgng a concurrence in the View that
~ drastic and sweeping consequences
I Ia he law as interpreted VIII serve To
|,smonstrate It's absurdity and bring
,not It's modification or repeal. That
La an outcome Will be advocated on
II khsll OF corporation interests and adopt
II as common policy is a fair inference
N tSn the days outsivings by Standard
Hon representatives themselves. as well
IN hy others In the financial district who
IIzussed the question.
II fhere remained the unpleasant recol-
|.clon however. that every other impor-
III Nj, judicial decision OF questions raised
I|I-der the Interstate commerce and anti
/ r.s laws has been followed by period
III disturbance and depression in the
|laS market, each OF such periods. more
.1l, being considerably prolonged.
II The hrst hour OF today's stock mar
Iit saw q contest vigorously wagcd be-
Inisn the conflicting elements In the
|ssulalion. In which the balance was
tlfIy turned In favor OF the reaction
Ntt In spite OF the most determined cf-
|trs at support. During this period Of
tk days operations well-nigh half OF the
Uhys total business was transacted. III
I'D rideni, therefore. that the demand
n .stocks followed the price recoveries
-|tAt followed the first hour with some
Ehlaion. The buying. having achieved
~ purpose OF checking the decline, d.
Ifbshed
\ he copper stocks suffered particu-
InE from the assumption that the new
j.sEnlon would prevent the proposed con-
s'h=tion Of the principal copper pro-
Iters- United States Steel and Union
|ntihc also reflected the special bear
g which the decision was supposed 10
Itz't on these companies. Reading. on
IL oiher hand. was strong throughout
h iormed the rallying point for the op-
|fsiion.
Esouns eased abroad, but foreign
|ttesnge held firm, More and more
was engaged for South Africa.
5ohds were easy, Total sales, par
|nrs. is,2s9. 900.
United States bonds were unchanged
call