The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-11-30
||a|NGRESS IS NOW
TRADERS SPECTRE
u.ar of More Legislation as to
trusts Exercises Weaken
Ing Influence.
oppER STOCKS SUFFER
FROM PRESENT CONDITIONS
vsuey Situation Also Exerts
Restraining Power Upon
Speculative Activity.

,-ru YORK, Nov. ga struggle
cs,st the forces OF reaction was per-
!ss,iSIe in the stock market speculation
.fsv which was oVershadowed,l how
.yer BY the lowering prospect OF the ap-
t-sss',chjng t-s', session OF congress and fears
the legislative programme on the trust
Sisrr s Suggestions of a reopening OF
vp.9rIff revision question also had their
y. S,ct In the light OF the Standard OIL
I1rision further procedure In the direc-
'scIs ~ combinations is made a matter
p3n y eraye consideration. The copper
.,,S continues to refiec. most closely
our rnufatIon OF feeling on the subject
'aS s'srS TO the advanced stage to which
ensAn N" nnroiect for q consolidation of cop
us 5proSucers had reached .and the ap-
tei tsr.ri continuance of efforts TO find a
t.,s', ~ ,o carry out the project without
-syfrsvontion OF the principles laid down
4 he new Interpretation OF the anti
1 violent ,S decline in the price of copper
is-rnts occurred in the London mar
.,s s restrained again and the whole
r. smfYers The vlcissitudes OF the
t1Sosscntion of the American Sugar Re-
/-Src company were reflected in the
,'ssb IIouidation in that stock today.
|ssEn 10 l16s. the lowest price level Of
mis- was accompanied by reports of
,dssIrable prominence 10 be given the
.,rnanv's affairs In the forthcoming
,psIdential message. with the chances
\ congressional investigation,
Another restraining influence on the
.-'enation is the BELIEF that the time
q relaxation of the money market may
4 deferred The continued withdraw
n OF gold for shipment, both to South
{merica and 10 Canada, are significant
a the continued control of the local gold
.opply by London bankers. This is as
' t1,- Ia
lam foreigners to New York borrowers
~ which are called for payment in
SAD OF being renewed. The official an
Enactment of measures designed by the
|1ytsh government 10 care Tor revenue
-caulrements after the coming rejection
sbs budget by the house Of lords. is
.uaited with interest and some anxiety
a all financial markets. In our own
<srket. future requirements are bccom-
"a defined New York City Will sell
q, 10000 corporate stock on December
A frsi subscription TO the Pennsylvania
- STOCK will call for s24 $500. 900 on De-
.suber / on December 20 the New Ba--
"a stock subscriptions viii call for sl2.-
1000 installment. while for January
~ & SOS. 900 OF New York Central stocks
"a $40, ,23O. 600 on account of Missouri
|5EeIfc convertible bonds must be pro-
.'5sd for. besides other smaller issues
.hssdy announced and more is expected.
The strengthening effect OF the Wa
e1h deal" rumors. the Rock Island
ols of ST. Louis s. San Francisco. and
a repetition OF Readings "melon" ru-
|<or proved unavailing in the face OF
t,se factors of discouragcment. The
'-otesslonal bear party grew rapidly in
course OF the day. and found the
Xnrket Increasingly vulnerable as the at
as gained In boldness The result
|ss closing in some disorder, with
ics rapidly declining and showing
rs from / TO points and upward
the list
Bonds were steady. Total sales. par
0iue 81 ,l55. 600.
. United States Is coupon declined / and
~ Registered Z per cent on call.