Show STOCK MARKET MARLET KEPT KEnO UP UPI I Financial Outlook Develop Developments Developments i ments Result in Suspicion and Watchfulness New York Aug 15 The developments bearing b on the financial outlook were of sufficient importance last hut week to keep the stock market in a state of constant suspicion and watchfulness The freedom with which this suspicion was waa acted on in the way of at selling stocks short only to be compelled to buy them in at higher prices accounted for part of ot the recurrent strength of the whole market The skepticism manifested ma by the protes professional professional operators operator in the market was not due to any unsatisfactory news affecting values but solely to the technical peal position p tion The present level of prices while stilt still somewhat below the averages for tor the picked active stocks touched in 1101 l is Ia held to represent a higher hIgier absolute ab range raap than ever before reached One ODe ground for the opposition of the ha habitual habitual traders to the advance is the num number number ber bel of Important happenings which have come to pass after having long served their purpose as factors in the specula speculation speculation tion It was waa this element which attacked the market when the tariff bill was Wail passed paned arguing it was not possible for results following the bill to be brighter than speculators peculators expected while buying stocks stock The same procedure was followed after aeter the publication of the government crop report While there was some oDle momentary die dis disappointment dl appointment over the sharp deterioration in the condition of the corn crop the government corn report on mature con consideration consideration served to clinch the argument that agricultural prosperity pro was assured as i for the season |