The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
PACIFIC
|}DFFERS LOSS
Fall of Prices in
[u Street, the Hartman
Issues Leading
|uY OF RUMoRs
4 IFLOAT ON CHANGE
ruent of Friek From Di-
|',,,.te Possible Reason
HI Selling Movement.
.rsd Press.

Sopg Aug. 12.-With prac..
4 fons.tion the stock market
a slh greater precipitation tnah
IN the present movement a1e
.,ssd until they ran from 20
~ compared with a fortnlsht
EHS 'sa,es which for years have
urs ,n the certain dividend pay
ln0Tps Tps,eiiic was again the weak
- .soinr With the greatest loss
!;,p 0 oSer / points In the first
ftInI The selling OF this
1ns'' .s amounted to 10000 shares
Sp sour was the most persistent
2" ~ In a variety Of rumors
IN n in part with houses OF IN
n fame as we'll as with con-
a Individuals Of far less promi-
80, m developments overnight
4 n, rene we'd selling might be
huf The retirement OF MIR,
,hs Hartman directorate was
- ,o as an indication OF the
',', ,So ,,,bstantial interests. Lon
IN ,,dom participates in this
Saturday, was again a pur-
~ the extent Of its operations
,.sbly negligible.
ssraet rallied very generally pc
4, ,nJ Of the first hour, but this
.SsS,d by another movement In
ssGr which sent that stock low
!; - Sy level buying again lifted
TtD some issues were above yes
ird market fluotuated in sym
III The stock market, Total sales.
n Sistes government bonds were
"a on call.
Ia; Wire TO The Tribune.
4 YORK. Aug. PA violent break
A, IN The stock market today car
rEts 10 their lowest in more than
4 IN. opening was one OF the
n,lljpc the stock exchange has
|I,dzs ihc past scar and presented
[@sneslIc appearance. Union Pa
|Inte more than 4 points In the
sghour.
r,FraI days the market has been
"a ird today the decline took on
|c1s q mild panic. Prices tum-
e such rapidity that many brok-
. ruuble TO get anything like what
|r,t1 called for, The most active
4 the list was Union Pacific. Of
. !ltre we're 5000 shares offered at
.ekg. This issue sold as high as
J he first of the month. which
"A little over points from the
|<1ad for The year. 1924, made on
. This morning il sold as low as
|t1fy after the opening.
t y FIRST 5000 shares sold at the
] ltse vas little let-up In the
ta. Brohers were constantly re-
J Rllng ordeFs-orders TO unload
i 5i.s One Of the rumors OF the
md one which found many be-
eAl Judge Lovett intended re-
y presidency at an early date,
Y deaIed.
~ big factor Ia the selling move
~ lhs houses with European
a~ These were said TO have
~ Aalf Of all the stock thrown
most Of the orders coming
hg f!rm. This firm has been
RIer for line past two weeks
% interest centcred In its trans
an the firm was long OF the
ca sas unloading but those who
% mow the inside history OF
sAl break declared this nuuse
'g short. The selling OF Union
ared The rest OF the market
~ u ano nearly all issues re-
s nw records for the yeeS.
shleh sold al ll2 on August
%ay al 1922; Reading. always
w Paders. sold down TO 143
Mr The market opened which
NJ Of 10 points since the first of
ent United States Steel. the
MeoeT; was selling at ia. This
- s'd as high as I3a on Aug
lnoI OF the exchange there was
~ WIDEST scenes that has been
e IN. some time Brokers,
sc. 10 The various posts at
- are Traded. fought their way
euength- One man. who Is
gns ol the most carefully at
IN. tu ue members, had lost his
u lew minutes after the
others were In similar
ss,s MI through the financial dis
r. was the Widest excitement.
ss men were running around
L, IN Tie Offices customers
s1iss, VI tne market were hurry
-ssss' snelr holdings. Those who
M, we sue break and gotten out
80 were higher were looking
~ ~ pick IN l,arU.I,r