OCR Text |
Show I'Ulu I UiiDi li I Many Forces at Work! to i Upset , the Stock Market New York. Sept? 23. The week in the stock market was replete !n exciting ex-citing events. Rumors of .Pedera) action ac-tion against tho Industrial cqrpora-tlons, cqrpora-tlons, especially tho International Harvester company and the United" mv. States Steel corporation resulted In I a tremendous celling movement, par-I par-I " tlcularly In the Steel Issues, which jl J? sent the preCerred and common c ehares down to the lowest pnecs re-I re-I L corded In more than two yeirs. It I jf is officially admitted that the Harves-P Harves-P ter company Is In process of reorgan- I1' Ization, but, po far as could bo learned negotiations looking to a dissolution ' of the steel corporation are yet contemplated con-templated A statement issued by the department of Justice at Washington Wash-ington conveys the broad inference that all offending trusts or monorpl-les monorpl-les will be prosecuted unless they conform to tho anti-trust laws Financial an,-l political conditions abroad accentuated the unsettled condition here. Tho Morocarftanvlb ls still In a stake of deadlock and advices ad-vices In discounts during tho week nVr "by the Bank of England, Bank of i France and othor continental institutions institu-tions were effective In calling now attention to the tension existfbii? throughout Europe irrespective ql labor la-bor conditions there, which wro exemplified ex-emplified In the riots of Vienna and throughout Spain. Industrial condi-tlons condi-tlons at homo offer little groxjni for encouragement. There are ' Indubitable Indubi-table signs of an early "liquidation of . labor." especially in the steel trade, and while a better demand is reported, for textiles, tho mercantile situation shows little change for the bettor. Monev continues easy in all sections sec-tions of the country, despite tho In- I creased demands resulting from crop ' requirements. One of the few erf couraging foatures of the'week- was:a sharp decline In cotton options. oo |