Show O O i I Financial Review i i o p o 0 New Now York July 3 The The noteworthy feature of or the week in the securities market apart from Its' Its extraordinary inertia was a the recuperative o power manifested in the later d dealings on moderate bu buying of ot tho the popular selective selective tive stocks This was true truo In equal measure of ot tho the bond market Disinterested observers regarded these forward movements as ns a further sign of or the markets market's technically weak or oversold condition Although July Juh disbursements will vill Although 1 release some soma of c cash sh the rigid altitude of ot the federal reserve board and financial Interests cooperating cooperating oper co boar with wih that organization remains unaltered Proof of ot this was seen scon in inthe inthe II the rise riso of ot commercial paper rates to toS 8 S per cent a quotation without precedent precedent precedent pre pre- here hero since Inco 1907 Latest advices ad from abroad point to greater stringency In London and on tho the continent This weeks week's statement of tho the Bank Dane of or England was conspicuous conspicuous conspicuous for an abrupt decline in liability liability Habl- Habl ity reserves to the smallest percentage taco tage In over oer halt half hal a century Domestic conditions remain obscured by recurrent transportation troubles an and further re reduction of activity in inma inmany ma many lines of ot manufacture Crop prospects prospects prospects pros pros- are arc ro favorable however and conservative conservative con con- opinion leans toward lower commodity readjustment prices and gradual trade trae I |