Show I I. I I I INCOME I TAX DATE DAIE CAUSES DEPRESSION Nl NEW W YORK Dec 11 Much Much o of the heavy Selling In Jn the securities market this week with consequent new low records for tor several conspicuous leaders was ascribed o 0 the fixed purpose of corporations corporations corporations corpora corpora- and wealthy Individuals to establish losses against Income tax payments which mature late next week According to surface conditions and circumstantial ru rumors rumors rumors ru- ru mors however most of the offerings In Including including including in- in that Induced by professional pressure pressure pressure pres pres- sure emanated from disheartened holders holders holders hold hold- ers and from speculators Commodity markets displayed displaced more stability but has hag seemed fully balanced by the more definite signs of a a. slackening slackening slacken slacken- ing in these Industries Any remaining doubt respecting conditions conditions conditions condi condi- prevalent In steel and other basic bl metals was dispelled by the adverse November November November No No- vember tonn tonnage e of the United States Steel corporation and further shutting down of copper mines while silver was quoted at lowest prices In leading markets Bankers professed to believe much of the readjustment which must necessarily follow further dividend reductions or suspensions suspensions sus BUS pensions already has been discounted The tremulous stae of man many stocks yet yetto yetto yetto to be subjected to such revision however offered little to any but butth butth butth th short account The strain on the money market lad lad- dental to extraordinarily heavy year end requirements caused of time funds saVe salve for 30 and 40 O day renewals and very high buying of merchants merchant's papers papers par pa pa- pers only a small part of which was r taken h by local 1 institutions s. s r |