The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-30
|[I[S DECISION
|I|FECTS STOCK
|,ulsrs Alarmed Over Stand
,tep by the Interstate
loululerce Commission.
SECURITIES yl515.E !I.,,,n, ,,,o
ARE SENT TUMBLlNG
u, Take Advantage of Situa-
A. and Press Their Game
to the Utmost.

vopK June 29.-Speculative
NV ,ook violent alarm today oVei
Ic1s,oos announced by the inter-
cammerce commission in a NUM-
~ !, Important rate cases anec'inE
.ss oi the traffic ol praGtlcaAy I'll an
as-snscontinental railroao !ihes ne
Is ID Sssn contested by the railroad
-s 80 ,,cm selves in the course OF the
N Washington and the disas-
r1r r,aopences predicted by them In
ri @p NJ The objections being sus-
.e,,n .el. hack TO confront them to.
-a,ro -, the prices Of their company
~ snnV sre cr,Imbling in demoraliza
trS Nv mnrket. In no condition 10
lGe .,be torrent Of selling orders
1AIu LET loose by this news,
J.u In nrices proceeded with rush.
~ p-ssIzation OF the force of the
,.smed 10 come but gradually and
fn-.-Set - was in a mood Of compara-
'.ussroullty during the morning. and
..,rs iimo after the news agencies
, ,eirrrIated the bulletins OF the In
.,.,s Commerce commission deci-
= The powerful bear party. which
&, fsssn an organized form IN the re-
psculatlon. gatherd courage from
~ RECONCILIATION VI lhS - 4A'S
.,.ssx NJ the market and took every
s,otase Of the situation
~ Demonstration came from the
- snhsidence Of demand for stocks
- any striking tendency toward re-
- NJ prices became manifest.
a ssumhsr OF the railroad net earnings
# "a Of the day showed better COM
{.s,s with last years corresponding
| -s,Ss Than has been the rule with re-
= r,ports, the case holding true Of
I <ijnr and Union and Southern Paci-
4 IN which there were conserved con-
E,-sNa Increases in net earnings Tor
I "a. IN Bpite OF the generous margin of
sssss IN operating expenses.
d ibe metal trades there was a sharp
-frru In the prices Of copper in Lon
4 and consumptive demand in this
<rlry ves reported large, although
I M Production still sustained. The
/ as volume Of business in pig iron
/ NJ sn increase. Hopeful views ex-
x,ssd BY Chairman E. II. Gary of the
ksea States Steel corporation on the
T ~ outlook had @ part IN shaping
r.brs Of conditions.
Aiter lying dlsregarded in brokers' Of
Z Tor part OF the morning the re-
No Of the Interstate Commerce COM
taIn'H rate decisions were taken up
t j Husderation.
ne hare recital OF the text OF the de-
ctls conveyed little TO the under
+ <silrg Of the majority of the trading
11sat, owing 10 the highly technical
1nEs Of the questions involved The
EEsnhges mentioned as applying to the
&,stohs ordered were seized upon as
fs1ng gross traffic figures and. sup
fztty, total earnings of the numerous
kznlds concerned. 1t was in this mood
~ Union Pacific was sold down So;
rAfs, ): Missouri Pacific. 81; ST. Paul
item Pacific, and Louisville &c Nash
H u United States Steel. 3g and
g hst OF other stocks 1 TO points.
y hst rush to cover of the shorts
= shs resulting rally was followed by
.hiiA break In prices. but the market
80 with a secondary effective rally
1r1gress.
ssads we're weak Total sales, par
ue,. t;.ss5. 600.
szllsd States bonds were unchanged on