Salt Lake Telegram | 1911-10-28 | Page 6 | Wall Street Slept until Steel Trust Action Was Filed

WALl ILL STREET STEE SLEPT SEPT UNTIL STEEL TRUST ACTION WAS FILED NEW YOn YORK Oct The The 8 The stock markt market market mar mar- ket kt was dull and peaceful as in midsummer mer flier this week elk until filing of the governments government's govern govern- of the United ment's ments suit for dissolution States Steel corporation COt threw It It into confusion Alarm felt by holders of the tIme steel t el se securities e whose eln selling orders poured In from all au al parts paris of or the lime country In enormous enormous enor enor- volume vo resulted in s severe declines not only In the tho tho securities directly af affected Rf- Rf hut hilt In stocks of all al kinds kind The Tile movement probably wa was much less vio yb- violent lent however ho would have 1 been tile the ho e t an the the heavy liquidation case cal had It not b ben en en for dation of United States Steel last lat month where it tt was mi b believed that the tile suit cult was soon to ta ta be filed fied or that the tile corporation would dissolve voluntarily Trading during the greater part of the th week elk was wan AI narrow and professional professional H Bonds cs c's re we e relatively more active than stocks S Speculation was as restrained to some lome ex extent e- e tent by b- ih the growth of opposition to the theA roth A American n Tobacco reorganization iou plan plan as eq operators desired more definite indications indica Indira- lions ton as al to the th outcome before entering upon fresh ventures I fe The 1 7 continued In t the lilA d facility ease of with money which h was 11 the tho re reI reflected re- re I Prussian government ment obtained more than half of Its Is loan In this market i 1 There was w-as little t change la I In th the Industrials Indus indus- t trials t situation to aside ld from a falling failing 11 dUr off offIn offIn In tile the demand for copper and indications that new orders orrl for steel products were I slowly lion tion ton in iii dwindling prices despite despie further reduction