The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-16
POLITICS is GIVEN
BLAME FOR UNREST

James A. Pollock & Co. investment
brokers az 1863 South Main street. supply
the following as received yesterday after
noon over their private wires:
From Logan & Bryan. New York
Canadian Pacific and American Telephone
were conspicuous for their weakness,
whereas New Haven was rela lively firm
on scattered short covering. The stock
list generally was Irregular. but St. Paul.
Union Pacific and Reading held compare =
lively well and offered fair resistance TO
pressure
The recent discussion relative to the
probable effect OF the enactment OF a
currency and banking law such as that
now under consdera tlon At Washington.
especially In so far as the same pertained
To imitation. seemingly had adverse
effect on foreign sentiment, as gocdly
portion Of the pressure on Canadian Pa
ciac was attributed 10 foreign distrust.
New England investors, owing 10 the Sc
we're declines In issues which heretofore
we're considered substantial investments,
nave apparently become seized with a
desire 20 RID themselves OF issues which
in many Instances have been held for a
quarter or IL century. and, consequently.
deSpits the small lines Of securities car
ried by commission houses generally. the
fioa tinc supply OF stocks has been in
creased in a marked degree and profes-
sional operations for decline thus ia
cilitatsd.
Judging by what has been said recently
by persons whose views relative to rail-
way AFFAIRS are respected. doubts are be-
GlHtiUS 10 bs entertainer Oy many as 10
whether or not the eastern roads VIII be
permitted TO advance rates ; per cent.
or. at least whether the advances. il
granted. will be effected withou, PRO-
IonCed hearings and intense discussions.
While signs are not lacking OF clea ring
Of the atmosphere In certain directions.
Stlll IL IS apparent that the situation.
taken AS II whole. Is ia Their complicated,
and that unless some assurance is forth
coming from Washington in connection
With the probable status of corporations,
perhaps be carried TO greater extremes
than now seem warranted by fundamental
conditions.
The day-to-day trader Is. OF course.
concerned over Intermediate fluctuations.
hat. sizing up things IN a broad way. We
are inclined 10 believe that judlcious pur-
chascs for investment viii amply reward
holders Of securities If patience Is eXer~
From Paine. Webber g. Co. Boston
Interest In the local market centered I'm
American Teieniione. which sagged on
hve points today under heavy selling.
Now England Investors have been hard
rut hr tire great drop In the standard
Investment stocks. such as New Haven.
foStcn Maine. Boston Elevated. Edison
md American Telephone & Teegra ph.
and have begun TO lose confidence and
coura=e The coppers or the local board
ere Folding Netter than any other stocks
condition.
From the Gallagher Curb Letter New
Eo-F-fndus'rlals. including the oil sub
s'dlaFies. led In activity on the curb to-
csv but there were no proceedings OF
consequence although the tendency APP
neared 10 be toward a lower level. The
mining Hist was also tTine weaker. Con-
solidsied Copper held at 1-16: British
toluWb'o Copoer. at "a. and Rraden at
-. ana ~" Tonopahs held firm. The
belmont N"vo'"bcr report or u decrease
~ net 90 $4,000 compared with October
had 70 nTs"t on the stock. which was u
bid c%-dlV!dend today.