The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-12-24
SAYS MARKET TREND
SURE TO BE. UPWARD

From Logan & Bryan, New York.
The list suffered a natural reaction as a
consequence of scattered realizing, which
appeared to be in order as reflection
of recent sharp advances. Sentiment has
become quite cheerful and the disposition
now appears TO be TO look upon the pros
pective enactment Of currency and bank
ing Legislation as being In keeping with
constructive hopes, particularly as the
administration has significd its intention
OF proceeding along such lines as Will not
unduly haraSs general business. from
which II is deduccd that as defects in
the banking measure become apparent
steps will be taken without undue delay
TO remedy them,
Tac attorney generals last annual re-
port indicated that there were pending on
March L. 1913. thirty-five civil cases for
violations of the Sherman law and since
that time five additional civil suits have
been instituted. making total of about
forty cases now pending. Among the
prominent corporations involved is the
Steel corporation, Harv ester Sugar. Lack
aWanna Coal company. Lackawanna rail
way Corn Products, Quaker Oats. Anal
gamated Can company, Reading and var
iouS anthracite coal cases.
II was reported today that counsel
Tor the Can company has been In confer
ence with the attorney general. also Coun
sci for the American Bill Posting assoca
Ton and. Of course. numerous rumors
were In circulation rcla tive 10 the actions
of other companies. TIE practical settle
ment of the American Telegraph & Tele
PlIpi' bIillthllN JldS rent nope 10 many
who have feared evil consequences grow
Ing out Of the government suits. so that
on the whole there appears to be more
cheerful feeling among holders OF cor
porate issues. The president is expected
TO sign the currency bill tonight and To
comment on tie situation In general and
Ii is not unlikely that his remarks will
he closely analyzed and have n distinct
hearing on the immediate prospect OF
course from time To time the stock mar
ket may be expected TO suffer reactions
but taken as a general proposition we
believe that Tor an extended period the
trend OF security prices will be upward
and favor the buying side on weak spots
From Paine. Webber &: CO. BOSTON,
ON the face OF approaching HOLIDAYS and
the necessary dullneSS ensuing. the mar
ket acted exceptionally we'll The break
In Canadian Pacific and Missouri Pacific
mad a depressing effect. but bearish at
tacks failed TO make any impression on
the rest OF the list, and we think stocks
are in decidedly stronger hands than
they have been for weeks. We expect to
see the whole list gradually climb three
or five points further before there is any
material reaction.
From the Gallagher curb letter, New
York Renewed buying caused hishe..
opening in oil shares and Industrials and
some OF them sold at new high records
for present movement Southern Califor-
MIA at 30, Ohio oil at 14O New Jersey AZ
400 were the leaders. Cigars sold at o.
oeing hc leader OF this group Metal
stocks were quiet. Tonopaa Mining was
In demand al 81 and Gs. Copper shares
were iractionaily lower than YESTERDAY
out trade was united. closing steady.