Salt Lake Tribune | 1915-08-15 | Page 29 | Weekly Financial Review

WEEKLY FINANCIAL REVIEW. Reactionary Tendencies Du to Feverish Advance and Unfavorable Developments. NEW YORK, Aug. 14. Reactionary tendencies in the stock market this week were partly due to the very excess of the feverish advance and partly to un-favoruhle un-favoruhle developments. A shock was administered ad-ministered by the Interstate commerce commission's cut in anthracite rates and the orders as to traffic that accompanied it. The commission's earlier decision on western rates had disappointed speculative hopes in the extent of the advances allowed. al-lowed. Receipt of $20,000,000 gold from London under warship convoy and in armored express ex-press cars was spectacular proof of the urgency with which war supplies are bought. But its failure to prevent the sinking1 of London and Paris exchange rates to unheard-of levels gave warning of the Increasing difficulties of financing these purchases. Unless credits are provided for paying war bills maturing- in this country. It is feared that Increasing difficulty may be found in placing additional orders. Rumor of diplomatic developments In the Balkans and of proffered peace terms pervaded ail speculative markets. Mexican affaire played their part In the week's market movements, some Issues Is-sues of companies having large Interests in that country falling bark on announcement announce-ment of Washington's policy of non-intervention, gale of a large part of the Pacific Pa-cific Mail company's fleet of steamers gave point to possible modifications in existing national shipping laws.