Show I I I I I I i I I I I I I II I I I SUN SHINES AGAIN IN WAll NALL STREET I. I S MA MARKET Most Issues Recover Tone and and Some Evidence Strength I By Broaden Broad VI V all ell NEW V E YORK July 2 Bright Bright sunshine sunshine sun sun- shine and amid a pleasant breeze brought t a better cheer to Wall Vall street today There was no news VS of or great Importance Importance tance lancE hut but th the professionals felt better better better bet- bet ter and bolstered red stocks There was waH a recovery ii most most is isI issues is- is j is-j sues and considerable show of Hr strength in some ome Reports from Austria were helpful to the market and news from France was encouraging Perhaps the most important nt develop clop nent n-jent n of the day dav ay was the easiness ss th that t developed in the time money market This was due to the fact that tax money held In the banks for government government govern govern- ment account is beginning to lO percolate through h government vouchers into the accounts of ot private business firms Call money promises to continue easy eay and there is no technical cal reason for expecting a anything but cheerfulness In Inthe Inthe inthe the market There is even a short In Interest interest In- In terest of considerable importance I COTTON CROP GOOD The Thc cotton report b by the government go I showed a con condition of ot per cent with 70 71 R npr not r rent ont n 1 no t ft 1 i ten ten- 1 u u n nI year average The acreage e is given hen at I compared with last year The official crop forecast is 15 I bales babes a against an actual crop I of last year This report broke old crop options about 5 a bal baIt I amid the new crop about 4 Cotton cx experts ex cx- believe that the government has I under-estimated under o t crop materially for with the plant in such splendid condition condition con con- I further Improvement will natI naturally naturally nat nat- be seen I Therefore a crop of 1 bales is within reasonable expectation As to the selling of the previous da day It developed that the mn mysterious break In steel with which the market closed cloned was caused by the tho talk of a well-known well coal foal operator who entered a stock ex exchange exchange ex- ex change house fifteen minutes before the close and amid poured out his Ills troubles He said labor would have to be commandeered commandeered commandeered com com- in order to get enough coal to Keep the country from freezing to death next winter A year ago this same operator advised his friends not notto notto notto to la lay up coal and some of them nearly nearly nearly near near- ly did freeze to death So the broker called up an important customer and told him about it an and 1 five minutes to I 3 got ot an order to sell shares of steel Another customer added 2500 I shares and the share sharo block I struck the tIme market at the closing The entire transaction was the result of the the coal operator getting his feet wet and becoming grouchy grouch Such things assume a grotesque importance im Ira- in a professional market GENERAL MOTORS UP General Motors l Isto stock istok k commanded a iL premium of 1 I a share hare tonight Some brokers report that a agents of the tho company company com corn pany have o offered to borrow stock to keep it out of the hands of the tho raiders who arc are being disciplined The beauty of this corner in General General General Gen Gen- I eral eral Motors l is that ample warning was given months ego ago o when insiders openly openly openly open open- ly organized a pool to protect th the company company com coin pany against ag plungers who stopped at al nothing to ruin the concerns concern's credit and arid break its stock tock Under the circumstances circum circumstances circum- circum stances tho stock exchange cr very ery properly properly properly prop prop- erly keeps It its off Good buying huing was seen toda today on the Reading Distillers Railway Rail Steel Springs Wabash Hide and Leather Pierce Oil United Motors l and Pierce Pierce- Arrow AITO Telephone and telegraph stocks stock w were ere re slightly lower as a result of the presidents president's mO move toward taking over oyer the companies for fur government so acI ac ac- I count mit |