Salt Lake Tribune | 1909-05-30 | Page 5 | To List Steel Stock on the Paris Exchange

TO LIST STEEL STOCK J ON THE PARIS EXCHANGE PARIS, May 29. Morgan, Harjes & f Co. have formed a syndicate fotf E introducing the common shares of tha United States Steel corporation on tha fi" Paris bourse. R The news had not been made public here, but it is expected that its an- I nouncement will create a sensation. In Q financial circles tho matter is regarded 8 of far-reaching importance and as an achievement ot the iirst magnitude for 8 the Morgans. fi Tor yoars American bankers ham ijjl been knocking at the doors of the Paria 11 exchange in order to reach tho enor- 9jl mous surplus represented by the Bavinga QU of French investors, but powerful in- Sfl fluences, notably Russian, have blocked 'fijl them. jjjl NEW YORK. May 29. The news Ml from Pans explaining in a large meas- 3(1 ure the recent remarkable strength of ft I the shares of the United Statea Steel 11,1 corporation, Judge E. H. Gary, chair- Ijjl man of tho corporation, said: jj I "I know nothing about the Teport jjjl that application has been made to list 91 the securities of tho corporation on the1 jUl Paris bourse, but I presume it is true, lii for the French have recently been heavy M l buyers of steel shares.' ' ' l