Show GERMAN DRI DRIVE YE YEI I BELIEVED READY Stock Market l Reacts to Influences Influences Influences In In- of War ar From Overseas S nv ny v X AVAIL X New York Jul July 1 J I. I This I.-This la Is the we week c k kIn kIn In which according t to 10 almost universal un agreement t of or military authorities the lie liebig big German offensive e i Is is' to get in fullI full I swing Preparations for Cor the middle of or July have ha been made b by both sides to tol l such audi an extent that thit the battle battle expected is if being looked upon almost as a a. formal formal for for- mal e event event event-a nt-a nt a sort ort o of upon agreed test of ot strength The ThelIc allies lIc arc eager for tor forthe forthe the test and the Huns seem anxious to I avoid old it it In c Investors tors have ha no rio r reason rason ason for worry orry orr over O the outcome of ot this offensive and therefore should Ignore the j attempts that have ha been made In the thc thelast thelast last few fo days dar to stampede them Those attempts are not likely to be DC r repeated because if IC time the they are there ther Is little I doubt that a public record will be made of ot eYer every purchase and sale on the New NewYork NewYork ew York stock tock exchange Such a thing Is If repugnant nant to all b bankers rs and stock tock op operators operators op- op ors erat-ors and for that reason there wll ill be quick action taken to restrain the plungers er whose wild transactions might ht mako make such a thing necessary F Feared Short selling Is not to be feared so much now ns n w as precipitate selling of oC long lon longstock stock clock speculatively speculative held It was the selling of or lon long stock through h which great reat fortunes were sere made n early In the war ar at the time Congress had a committee com corn come to Wall all street The absurd ansurd report of lIC the committee has hM crystallized cn public belief that the lie operators who so frequently besmirch the good Rood name of Wall street always operate on the lie short hort side The They do not The They are working on the tho lon Jon side now nov and sudden outpourings o of alleged tl investments In on critical days the will be bc carefully Investigated In by governors of ot the exchange e There Thero Is nothing in the military or business situation to Justify such selling at this time I m e. e A About bout the onI only In real roal dl distress distress dis dis- tress now arc are public service er corporations corpora corpora- ions In more than 00 communities advances ancel havo o been allowed In Iii NewYork New NewYork York City there Is opposition for greater great great- reat- reat er cr rates for gas Jas or street car service el n 1 V. V A f S. S I 1 r Al 1 I o 1 C e A I i L L ine J III J U III n LI VJ u. u uis the tho traction companies are making official threats o of going Into receivership receivership receivership receiver receiver- ship unless the a advances ances are allowed The Thc fact fact that the government has I found Cound it necessary to raise rale railroad rates tends tenets to show that the traction companies and not the public are be beIng being being be- be ing treated unfairly Contract HH Held 1 Most of th railroad presidents have I finally a ag etl that t the contract for I leasing the roads as no now made out b by bythe the government Is fair One feature tI that at caused most dispute was as the withholding withholding with with- holding b by the thc government o of enough men to make mako up tip deficiencies In maintenance maintenance main main- in the per period lot preceding th lie I war ar It has been time the belie beller of man man- I persons that some omo railroads rl maliciously malicious ml ly 13 ne neglected maintenance In order to strengthen then their theil demand for higher r rates This question has been happily compromised and there Is no reason now no Wit wh why the he contract should not be bo signed Signing of ot the contract should give a strong market for railroad d se securities securities so- so and thus the whole Wall all street situation should be much Improved ed Money Io c is a 1 market consideration that thai thatIs Is worrying ln man many traders lr Cam Cal In Investigation Uon of if this situation he we or that the wor v t has be ien n seen At least that Is tho the opinion of ot the authorities who are arc usually correct One Important reason for Cor expecting easier casler alone money Is the rapid delivery that has been begun of ot finished war warma ma materials terla Is |