The Bridgeport evening farmer., 1915-12-08

change in recent years had been sue cessful1y carried out last week by group of big bear speculators WhE had become possessed of an accurat' forecast of the Presidents recon mendations to Congress nearly nine days in- advance of delivery to th' Senate and House and official releas' to the prNss asso citations and newspa pers of the country
 This forecast, an original copy O. which was obtained from one of tht leading brokerage houses of Wal Street, is printed verbatim herewith
 Copy of Forecast.
 Following are the imp ortant message:
 1st-He will recommend pro
 tective sugar
 zdHour4 home defense, which
 is practically the body of the
 whole note.
 3d-Takes quite, a slap at our <,
 foreign neighbors.
 4th=Recommen ends that our big
 business interests and Interstate
 Commerce Commission get to-
 gether, bury the past feeling be-
 tween them and work On some
 basis on which we can protect
 our home and foreign business
 after the war
 5th-R Reconnmen an increased
 income tax
 7 6th-A tax on gasoline
 7th- Fifty cents each on horse
 power on. automobiles and intern
 al coTnbustion machines. O.
 8th-A 2-cent tax on checks
 9tf-Twenty-fVe cents ton
 on pig iron and 50 cents a ton oh
 fabricated iron and steel
 10tF-R Recommends commission
 to investigate transportation and
 find out needs of railroads. Says
 prosperity of country depends on
 prosperity. of the railroads.
 1th-Gives clean bill of -
 health to the railroads.
 The impression in WashfnefonY
 is that it will be of a very con
 structive nature and well -eceiv-
 ed
 < Synopsis in Wall streeS Nov. 29.
 This synopsis. of the message hrsi came into the hands of these opera .ofs on Monday. Nov 29g At that -ime the market was displaying g great deal of strength as a result o1 he speculative 1iquif atIon of-the weeE preceding and the general tip had been passed around that the long ex- pected bull campaign in the copper stocks to be conducted by the Morgan and Standard Oil group was about to be inaugurated
 Indeed. on that Gay the .informa. ion that Germany was negotiating fol l50, ,000,e0 pounds, of copper, to. be delivered after the war, was given out for publication and was generally accepted as a signal that the copper interests had finally taken the mar. ket's constructive side in an aggress. I've way
 During the early afternoon the market developed surprising weak less in the face of all this buI1ish in- formation. Anaconda, which had sold ID to 89 E, suddenly halted, adopted reactionary tendency and then plunged downward more than a. point Inspiration, another copper favorite which had reached the high point of he present movement at AT, suddenly shot down to 46A. United States Steel, which had assumed the mark ct on reports of extraordinary became similarly weak. lust before the close big blocks came put
 The selling came with a force that ,arried conviction. Evidently some- body was in possession of information of sufficient Importance to arrest the snorts of the great financial interests behind the coppers-
 Secret We'll Guarded
 The secret was well kept Th.s closed on that day with Wall Street completely fn the dark as to he character of the information which had led to the complete change of position on the part of some Of the great floor traders.
 The raids continued until Thursday, Dec. 2, when Steel was forced down 70 SAX, Anaconda to 85, Inspiration to A3 A and Utah Copper to TT k. 1t is said~ that the raiders covered all their short contracts around the low level established on that day.
 CoincAdenta11y with the suspension of the raids the synopsis herewith printed appeared very generally in he big brokerage offices. It was evi- 1ent1y manifo1ded from a single copy, md those who circulated it were so positive of it's genuineness that it carried conviction The result was a gradual recovery after the publication 1f the message yesterday. wall Street recognized that there was noth- ng in the Presidential document to give it any cause for alarm. On the contrary it was pointed out that the preparedness program would result n enormous expenditures that could 1ot but give a great impulse to the steel, copper and kindred industries
 Wall Street Sometimes Rolled.
 While Wall Street has in the rna- jority of cases been able to obtain advance information of impending events and news of importance, it has not always been able to get possession of reliable forecasts, despite the won 1erfu1 system of secret agents it main tains at Washington and other news sources.
 It has, singu1arlY enough, never failed to obtain a pretty accurate idea if not a carefully prepared synopsis of all presidential or gubernatoria1 as well as of speeches which are likely to have an important bear ing on market movements. These doc are usually sent out under strict pledge to news associations and newspapers, and these pledges are never violated in newspaper offices The source of these leaks has there fore always remained a mystery.