Show LOOK LOOI OUT FOR BEARS DEARS I Lambs Being Sheared on NewYork NewYork New NewYork York Stock Market Market Market-Det- Det Detrimental to Bonds I New Ne' York June 17 i 17 With pressure developing lc from all nil sides although there Is Js all apparently aroll Lly no imo particular reason the lambs who are dabbling with the stock market under I l present conditions are arc getting the lie usual dose doso o dC dealt bait to outsiders Bul flut It Jl ItIs itIs Is not alone alona the lie Inexperienced that arc are suffering many of the smart ulen nien men of the Uw street having been heem In tho the wrong for or the tho past llast Cow fow ow da days and the tha result la is that thal securities usually looked upon us as edged gilt have ha had to bo be o sacrificed rim ruthlessly When the tho market closed on Saturday the thY entire list was under tinder pressure and many of or the time stocks seemed destined to create now low levels hovels It la Is likely however that over Sun Sunday u enough confidence will vIlI have been restored so that a brighter aspect will VilI bo ho put mit IUt upon Ullon things when tomorrows tomorrow's market OI opens nR No one ono apparently Is able to tell Just What tho the trouble is The Iho crop CrOl report was excellent In iii sonic some respects far better than had hail been anticipated and the tho money mooney market Is no worse than limn It has been In Iii 11 recent cent weeks Detrimental to Bonds Tho The con condition of oC the motH money market In fact CactI It need hardly be he said acts vcr very detrimentally upon bonds There arc are areman man many good Issues floating In tho ho malk market market mar mal k ket l awaiting an opportunity for foi lodgment moot ment In investors investors' strong boxes Issues Is Is- sues sties paying 3 j 3 to 1 I per cent are art naturally n a drug druC on the tho market unless un- un lo less offered at aL very material concessions concessions conces conces- Reliable from ruin present prices estimates Indicate that tween bf-tween antI and of or such revival Inthe Inthe In Inthe bonds on s aro are now awaiting a the Investment In demand In two weeks the tho J July uly disbursements approaching will bo be o available and andare are uro likely to act as a temporary stimulant hauL lant to values unless other oIlier unfavorable able ahlo elements should interfere n Credit Safe Our financial credit abroad la is unimpaired shall have little tiff dlf- paired and amid wo 0 outstanding ln obligations obligations obil- obil III In extending ns as the they hey come com elu due should such Ltd action ion be ho 00 found mid necessary So far ar as tho the market Is concerned will depend therefore then viol u conditions the tho moneyed interests and the Lest best be said to possible Inv In- In that thal can v toas Is i t to keep out of or the market until tho the present boar movement Us its force Corce 0 Ij |