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Show SPECULATORS CONVINCED MORGAN BACKS ROOSEVELT Otlrer Interests Desiring lriirrjunity.' Also -."f or the Colonel ; Wall .Street Is Influenced . by Politics. ; By Thomas C. Shdtwell. By International News Service. N'Evv .YORK, May 20. Although a few stocks mad 6 nevy high records today, tho market was dull and Irregular as a whole. The records rec-ords were made in Lehigh "Valley. "Val-ley. Rubber and Harvester. Steel, Union Pacific and Reading were heavy. Perhaps Per-haps some traders held off waiting to hear from Ohio before malting .-further commitments. Another restraining ' influence in-fluence was tho general belief that the supremo court will announce tho coal trust decision next Monday, and still "another "an-other whs the suit against the coffee trusL As proof of the trond of the market;, tho day waa without imporr tance. Wall street, has come to tho conclusion that the Morgan party- is back of Roosevelt Roose-velt and therefore does not fear him. Even his enemies say he would be a big bull card for tho stock market and most of the opposition is based on the third term principle. Therefore. the market has nothing to fear from politics. The big operators appreciate the fact that many persons are nervous over" politics and will, therefore, stand by to. pick up. from time to time, stocks sacrificed by the timid ones on days of high political winds, such as tomorrow promises lo be in Ohio. Coffee Trust Suit. Suit against the coffee "trust was difficult diffi-cult to diagnose as a market Influence. It proves the integrity of tho government govern-ment In Its attacks, on persons who violate vio-late the Sherman law, but it sooms destined des-tined lo alienate still more bankers from the administration. , , The coffee trust is tho strongest and. most openly .managed of all the conspiracies con-spiracies in restraint of trade. It has survived because tho- bankers .concerned in it maintain that by taking In some foreign power as partner they can no '.tilings, in '.the ' United States that It WOttld bo lllejgal for American- citizens to ,do py themselves. Brazil has brazenly .defied, the United States in the matter of -the coffee corner and has claimed the right to extoru an artificial prlco for coffee cof-fee The, immunity of the -coffee trust has bpeo'-a scandal for months, t The' new high records 'need little explanation. ex-planation. Lehigh Valley, likp Roading, must advance if It is "to be appraised by the sanio"'standatd as other coal owning railroads; - Ice continues lo reflect the apcculatlvlty .of bankers concerned in bringing out tlie now bond Issue. Rubber was up because of the proposition to vote at tho hhnual meeting tomorow.on a bond Issho to, take care of the. plantation of rubber trees the company has planted on the Island, of Sumatra. Figure oil Roosevelt. . . Harvester continues to' prove the faith of Its chief shareholders in the- election' of Roosevelt, who has been listed as a Harvester assoU Tho promise of record crops this year will give the Harvester companv a remarkable amount of sales, so that It seems certain of prosporlty ro-gardless ro-gardless -of politics. Heavy sales of copper at lGji cents a pound and settlement - of the anthracite labor dlsput03 for four years wont without with-out celebration, partly because they were cxpcclod. There has been no danger of a coal strike at any time and as a result re-sult no short interest has to cover on tlie official announcement. But there are some very Important developments In tho railroad world that will bo made public pub-lic In the near future In this column. Some deals of stupendous Importance have been waiting until the labor unions had signed up and the crop situation became ho good that Its excellence could not be disputed. That tlmo has about arrived. It is believed that these developments de-velopments will Justify all that hs been done in the boosting of stook dees. |