The sun., 1913-12-21
FINANCIAL NEWS
And COMMENT
Large aud General Gains Made
in an Active Stock
Market.
"SQt EEZE" N TELEPHONE
Wall street Puts Favorable Con-
>trurtiOn on Set
tlcmcnt.
sol EEZE" N TELEPHONE


little relaxation AT any time during the
session ~ Il whul. the market made
&c ntub t....,,s o,,., In ,be ,rorni,s
,.,,, ,n9 ,,,.-, ,,...., ,,,,,, ,r. ,.,. ,,v,,-..
o"' ',' ''V "'7 ''''N''' '',s
Ho'rc'''e ""' p''' p'"'c "''u. Z" '''
American I'leph"a' shires on the an
uoun,rnlcnt OF the coripanvs agreement
,o,,.b.d ,,i,, .he tr.aer,i Attornev..;.u-
-. 49,. ,,.......,. ,.,,..,,
IN" "u"'" ''"'''' "' '''iu'"V 'o.'''
pani's tu .o.Ee zion with itG l.nes. The
administration policy IN ,his respe,; has
,,,,,,,.,,.t,t ',o.ir ia ,,a,,i.i ohs,,,.r.
-, .,.
"'' II - '' '' '''' ""'''' ''"' '"'' 49,
u'u"rs began I" 'Ich-atc respecting the
probability of - COM t,,isr IA ;hc United
..,o,,. ...0l -utt md II ut},.- litigation
.,,, ... ...,...... ,..s .,..i .,ci,
""''" ''' ''''' ',''
as thu' "t''nN' 'hr ''t"H "s ''''i"'"!'
The movement ~ prlc's was even
hrou,jar t,aJ marc huovaut than on Fri
a., ,.,, ,, .rr,, -. ..,...,r,i,, v,i,
nay "'- Nv "''"'
hS'ioa'" a. ne Gnu " '"' '''''o'' wa"
extensive. Indications that r"nKihs III
terests were preparing 30 make the bc.t
~ .r, ,su. ,,,.r-,,,,. l.r,s,a,io, contrib
,. -, ,,,.,.,,,t .,.,.i,,.r, >,,h,,,n
"''" w W. .''' '
las begun To- sh"" s"ii' ana " Is aP-
parent that r,N. Wet, tAs Tho.e co,i''tr!
az lar.. will lie pa... 10 understand what
,rou,ns ,.r r,....,.- of business con-
sio"''"' ''' -. ~, ',,.' f.,.
hden'e are tuNn.'"e' D! 'ne P?nN ,s'o.' '''
m"w ""rNihh "''" .''',Nn
'he N'.*it JAIN - ''.''''', N'' 49,
nt""r E'I''' 'IS H. So, n,,
,,u, .hs, o. ,.,sh ,,..t. ,f more. than
az nnn. .nnu - .n,, ., ,,r-.ns, ~ about
sI.nn.., ,,,.i. ,,o,.. e., eu-r,,,s rps, -ves
>i''""'"'' roo" ''t'' al 81 ~ ,S
despite i'N expansion '' "''''"s' Si''V'''-
30" N deposits.
Various inlush'r' '"! &c e'"''he'''S
contributed =" IA" ''TuEi -i,""F' mo-
ment OF stocks "it"r ~" n''d'" "i -
Wceh. ~ tn" mr. n'tc' II ."' .'e"
cutie clearly demons rate" " tI' a'''V-'
Of tho market IN the l">t h;'l' :" '"e wal
that tn" 'is' had been th"i"att :! "nl'.
dated ana h'aNl. "NeG't'". "u"S ""'. -
declines IN special - !f- oW''H 10 Nir''N;
weaknesses w.r. resisted j.. u" -"'''''.
~ur OF stnudard stocks ara !; "pp,'teN
more and more that Quoted ''''h'S ne" nv
countcn IN. worst 'ohhlt'"''s l!''ly u W
rcalized TN trade aud iu'u"-'t. Np'' oE'"
the Wort nf the political programme was
Known. and IN view c' H. Frns't''"ntSs
which politics hH~ begun r" I'sra% o..
account al the general huS.l IS '-!r"s-io'.
and IN. irrroasii- ic',lcs> Q. iabor IL
could hc sh,eWdi! "'niec reg. in"i IN :
political u'"L'"GInl' u.ri ."-- o. %up'
deal 81 i,s taG,cIiia... Airr' iroH nat
.r,r. W.'- IA .t .hui"fi..S .':' .u.'f . Ia
out by the currency hhl
lonO question - "t. t.' .pp"utcG
of currency Legislation. to sI.,,,itt"' N"iSlt
started Ii. share lis, u'.'. ru 49, tNc raS'
week. Irrespective of he dangerous i",.-
tu-es Of the legislation II "a i.-N :tl'elsss
manifest THAT :; new ia. aci.l system ''.,s
bcrS pro'i..i ,ciir. Norh. r'ndpc" t.
.XpansIoue o. credits ili increase a..
buying ',oN.r Nr,tn. - lot 81" '-,i.a %
sion ana increase should ~ d.e,r..tc n
terms uf luna'!uuary processes 'rre
legislation for a i--. b.uNilL aud cur
-cncy syst"u cu.t.i4s ..ane:.ts - gre:
,,;uecr ulj,s. tA- svs,.n D., p.",d IIi,r
.he control OF an'r a.d pruinu. men. ;lHd
,bilty and prudence ...u..ot =, t..keu FOR
Granted y ~. sl.u.. cine there = ,..tr
rant tor ratriutir nopr cUu reasoltablr
optirlis.u IN the prem. s,e aHG t. Is ~.
II au suru,i.iur ,nyt Wal stree should
nav. br.lir in rather b.!at.u .lanio.l q
uerreivn what q potert factor the neu
currency layv mus, he. "a the field OF
values
T. u.,s ,yhil. tr,s,. cone .Ie..tio,,s we're
,o,,.int, ,,,...r.un,.t ,har n. auuu,.,I com.
,r,,u,ty hapa.i tn h.ar of "A .ensitls appre
,io,inn e., N-asbinU.o1 ,het IN. rc ll-,,, a..
v,r "a di;ii.ulti.. l,,o,,Is.. of lin. r.st,lc-
,;ors h,u,s.d ,,, rato .ovapr,a Iufornis.
ZION cI mi. scr, has tc l. oc,ct,teu mos;
.,uiouslv hut Z, seems quite DruOablt
tho, -. ..rt.in r..sur. ~ ins,lc. vii, T.,