Show STOCK MARKET LACKS SUPPORT Business Must Increase Before Advances May Be Expected In discussing the general market Hay Har den Stone Slone Co say sa sayA A midsummer market and though thou h not as dull as most still a leaderless tain tam affair The big bis men have hae done their work vork for tor the time being and have left the management of or affairs to the lesser lights and the small fry The latter have not come In to any great extent but so soS soi far as S the they have Ilave j come In ln they nave have hilVe un i dou Impaired the markets markes hitherto Strong position Up to this time the bear party has lain dormant Now tile the element elem nt has turned bearish and should they the re solve upon aggressive tactics they might make it extremely unpleasant for those who have bought without sufficient pro The market In other words lacks for the present any broad purpose to use a rather homely expression It Is between hay and grass It has blazed a way for business by b an advance of at 30 0 to 50 Si per percent percent percent cent Now it t must wait walt for business to tu catch up During this waiting period it will be bo bemore more sensitive than hitherto to unfavorable unfavorable able influences Until now It has Ignored all adverse factors Now It Is Just in a position to be affected by the lathe tactics so much in evidence Until recently industrially have been heen so s bad that any an change musts must almost necessarily necessarily have be ben n for the better This of ot course was the Ideal time to buy stocks Now this no longer holds true Further Furthermore Furthermore Furthermore more the political and crop situations are likely to develop factors which sentimentally tally tall at least are apt to be temporarily unfavorable Business It is true is picking up gradually ran ranall ally all but It Is still stilt spotty spott and has con considerable considerable considerable ground round yet y t to cover before the advance predicted lr by the stock market Is fulfilled Men are a little Inclined to hold hold back until they the are assured of the result of or the thc election and those who have hae not already resumed In lull force are arC ar hardly likely lIk l to do so until after that time As business does improve It will re require require quire more money noney and this together with wl h the money mone needed ne ded to move the ClOPS will blunt a little the bulls most powerful weapon viz vI help meny m ne Nothing positive can be predicated of or such a market as this thill The rhe best that can be said of oC It is ts that It offers good opportunities for the active trader As busi busl business business ness nes revives reviveR and as the crop and po political polItical political situations become more settled the market will pet get et its second wind and with the return of ot the larger interests it will willbe willbe willbe be prepared to t discount what there Is every ever reason to expect viz vi one of or the thc most business years rears In our his history tory toI In 1909 The Intervening months however must necessarily be a time of or assimilation and adjustment therefore of at vacillation During this period of or waiting with the ever present possibility of ora a serious set setback setback setback back it Is no more than prudent pm dent to ad advise advise advise vise considerable caution In making Put pur purchases chases |