Show TIME JIME FOR CAUTION There is a movement in Wall Walt street at the present time powerful influences being at t the tho tb back of it to force for e e some s s m i of at the ti leading securities to the th highest possible p level and unload as many of them as possible at the top figures figure The banking houe houlf of ot Henry Clews Clown is con on conservative at all times and gives the following advice to speculators Now o that the f Is settled the sen sentimental s p effect will prove beneficial al at although though practically the tariff makes no difference rence whatever to business in gen general en eral era No very Important changes have been made either downward or upward upwind the net result suit of ot the th m w bill bUl being practically a victory victor for tor the tho For some orne time past our r manu manufacturing I interests recognized recognize that they had but lUtle to fear from any down downward downward ward revision and have consequently gone one ahead with little regard to the tariff situation For this reason the thene new ne tariff will have ha little Influence upon general business other than the senti sentimental mental effect of ot relief from fro IT agitation Such troubles as come from tM now new measure will be b chiefly those relating to its administration Stock market operations must still be conducted with great precaution It Itis ItIs Itis is not Impossible that prices may be forced to a still higher point but It should be recognized that values are al already already already ready unwarrantedlY unwarranted high and that the big bi holders are quietly distributing their surplus upon every advance The ac activity activity activity and weakness of ot the market whenever good news is forthcoming signing the tariff bill for instance eare are highly ht bly suggestive The outlook is car certainly cert t encouraging and prevailing opU optimism intern ml m cannot be ignored yet et all alt the good features discernible have hae been pretty well discounted A distributive market such It as the present one appears to be beholds beholds beholds i holds many opportunities for the nimble operator o for quick In and out trading 1 It Is 18 reasonable to assume that the tac tactics ties tics of the tM past such as marking up sharply first one stock and nd then an another another another other will again be used seed In an en endeavor endeavor endeavor deavor to aid ald as well as disguise the liquidation which will be attempted In other departments of the Ute list Quick in and out operations on the long side however should be entered into with carefulness me as a we are still sUIi of the opinion opinIon opinIon ion that clam ciet digging is unprofitable at high tide |