Show I I STUTZ TROUBLES AROUSING WAll MALL WAllSTREET STREET BROKERS i I Ryan Says He Will Wil Demand Shorts Settle on 01 Monday By Ti- BROAD AX AXVALL WALL VALL LL LLew New ew York April Apri 17 The Thc The financial world was startled stated toda today with an aa an announcement announcement announcement an- an from the lie protective committee com corn of brokers short p pt Stutz stock to the effect that the they would probably repudiate their contracts This would be be done on on on- the ground round that a corner is Js an illegal combination com In restraint I of oC trade Tho The sensational feature of I this is that it Immediately raised the I question of oC the control exercised over tho the queston stock market the b by the New York I IStock Stock Exchange which Is a in restraint of trade in I certain stocks and is a monopoly ron for all al I practical purposes Nobody l as has ever evor questioned this monopoly o of the stock I Cue toned market enjoyed by the stock exchange I but the fact Is well wl established and I i b by repudiating the short contracts in Stutz members of the exchange have I struck a a. a blow biow at the ver very foundation of their own or organization I In spite of this surprising development develop develop- ment mente the stock m. was steady stead throughout hout the session Nobody obo 11 seemed anxious to attack atack the Ryan Ran stocks and there wa wab some strength I In tho the rails rais A few specialties were ac active he and strong Sugars were well wel bought The market closed cosed without material net changes but with a strong undertone Cheaper mono money is expected strong next week Although Allan A A. Ryan announces will f demand settlement of the Stutz contracts on Monday Iona It Is not I considered likely that this will have I an any great influence on the market It I I ma may be months before the litigation I is settled and the short contracts are areso areso areso so wl widely ely scattered that there Is practically practically Ocal no danger of or any firm becomIng becoming becom becom- I ing g insolvent Awn it i I Legal I nl Now Nov ow that both sides of the controversy controversy contro contro- versy ers have raised the question of oC ve veracity ye- ye people in tho the street have de decided d- d to wait wal for legal proof of statements statements state state- ments made It I Is only a statement of oC fact to sa say that general sympathy seems to be he with Mr Ir Ryan Hyan because I IHO bo so man many persons suffered in iii the February Fob Feb ru ry raid from fron the tue Ocr very kind 1 of short selling that got got the Stutz bears Into trouble Millions lilon of QC dollars were lost b by the general public In February and In November that would not have havo been lost but for the tIme raiders some of whom are arc caught in Stutz Wall Vall Val street would be delighted to see sec some oCth of oC th them m brought before juries and ex cx- cx posed 05 Cd The Tho general Improvement noted inthe in tho the railroad stocks was believed to be due to the collapse ot of the strike The railroad situation was moving rapid rapidly I to Lo settlement when this strike Interrupted Inter Inter- pro progress The public has been educated to tu the necessity of better beler transportation facilities and tho the mone money has hal been made available Nothing is needed now but labor labor peace Railroad bonds are arc at a level that makes them ver very attractive for lor in investment in- in vestment vestment Stocks of oC leading heading leading railroads arc are now no among amon the preferred 1 I Issues of the street Bankers I are aro expecting that they will wm take leadership leadership leadership lead lead- In the market as soon as labor will f permit permit New York April Apri 17 The The open market mar mar- hot ket for Stutz Motors shares in the lie outside outside out out- let side Ide market maket tut will wi be followed b by a out out-I demand demand demand de de- de- de mand upon the shorts for Cor a set settlement The shorts horts will wll be requested to make rhe good their contracts or be bought in I Dow Dow Jones Co The Victor Talking Machine denies a 3 1 merger with wih Columbia News 1 I |