The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-09
FOREIGN FORCES IN
CONTROL OF MARKET
inward Impetus Is Based on
Rnecision of Imperial Bank
of Germany.
|yEED OF MORE COLD u ,.,,,n,,>-r
W. ABROAD Is EVIDENT
Rank of England Borrows in the
D'I lpcn Market: Conditions
y Are Involved.

vrw YORK, Nov. s.-Ihe initial up
'h ,nc,us 70 stocks today came from
..onal m,. buying TO cover short con-
and was based or the decision
rnperial Bank OF Germany to leave
,uIrrrn discount rate unchanged.
W. closing was easy Tho weekly re"
,b. Impcrlal Bank OF Germany,
~. .hou-nc an Improvement in condi-
IspN~ on, Int a short way toward max
,na' r" the deterioration Of the previous
" connection with the November
elements. The bank rcesincd thls MS
m h,,i 81. 81. 200 of the sl0.5Ii. 600 in
.,N lost last week; =,
sVg panE OF England secured the s.; :
\ iss sSo n, south African gold availa BILE
~ London market. but the London
w, n ~ New York gold was reasscrt-
z, Inc resumption of the outSo OF gold
Snn,h America. engagements OF more
~ million being announced for that
If,s,instion on WEDNESDAY
TSs Bank OF England also borrowed
|. ~ mo London open market. This ana
~ ~ oon,emplstion Of the complexion of
Is s.,urday bank statement here cor
,,d cycrv danger of over confidence
- The clearing OF the financial out
k.s Tho movement OF the sterling eX-
,sn.o raie al Paris, which advanced a
Iru c,ntIne 10 above the par of en-
Ir,rc raised discussion Of n possible
,rsnen, Of gold from Paris To London.
II, Paris money market Is the most
I,,r,santly supplied OF all the iptsrna-
sr,i ,Si-u MONEY markets. and the discrep-
~ In the interest rate in London is
,rmrRinr purchases OF financial paper
Jendon by French banks.
II r., Influence OF the cotton spccOla tion
-oa Tie International exchange became
eme;ib7 today In connection with the
I,;las. slump In the prices Of cotton.
nNe rcmttanccs bv foreigners TO re-
-,lsh margins on cotton holdings
rgsd decline OF several points in ca
" on London. Exports OF grain arc
lcr running heavy and making cX-
ssn.s The rush OF imports nom
Far,e To anticipate the expiration OF
ID, reciprocal trad" agreement ON Mo-
Irzhr has subSidod and will reduce
remand for remittance la payment.
II 7ht published outline Of some OF the
acls 10 be treated In the presidents
sa1sc Ia congress recalled attention to
b approach OF the assembling Of that
ay and TO the regulativc measures
Ifil may be directed against corpora
III notshly strong feature OF the market
Irs Amalgamated Copper The influence
~ u 'his movement was the persist
IN NJ The rUrloIs toward tho working
srsEcut Of the various important in
Is''sis among iGc copper producers. The
Il,,loD price of tho red metal rose in
Issrsciion with these reports. and in
IIs'f n ~ cyncrtation that the statiS-
p 10 n.;"'rr ~ the Copper Producers
I''"fi'inu would show further addi-
IIf' 10 Wruus stocks OF tho metal.
i'll y NI ~ tho SglpS 1f nl, iron cinpn
n lsshnins OF November was another
Vhch may have aggravated the
soT pressure OF Jutcd States Steel
llY 'p rse In call loans 10 } per cont
IIi, va against The market Foreign
ssanre rose strongly In face OF the
ltryaor Of lhc money market and New
~ exchange at Chicago rell back 10
''ats discount per $1,000.
~, were steady Total sales. par
tsl,,d States bonds were unchanged