Show t LESS ANXIETY I IN THE MARKET Steadier Condition Follows the Uncertainty of Previous Week INTEREST IN METAL TRADE MONEY MARKET IS SUBJECT T TO CLOSE SCRUTINY New York Sept S When business s be began began began gan In the stock market last week evi evidence evIdence evidence dence had been accumulating over Sun Sunda Sunday Sunday day da which served to dissipate dl the anxieties anxieties anxieties ties which had bad been keeping the market unsettled and excited More exact e act ins in information Information formation of E H state of health quitted Quieted hysterical alarm on the subject jest jestA A personal statement from Mr Harri Ham Hamman Harriman man nian late on Monday confirmed the more rational Impression of his health This retirement of the subject from prominent consideration by no means end ended ended ed trl its He influence as ae a factor on prices as there thera was a residue of uncovered shorts en of stocks based on the expected ill III effects ef of the declining strength of the president of the Union Pacific and the in interruption interruption interruption to be caused cau ed to the vast finan 9 ial projects which he is supposed to be pursuing I The approach of a holiday interval of three days at the end of the week intensified Intensified sifted the disposition to close up speculative speculative speculative contracts contract and increased the de demand demand demand mand from the short Interest With the clearing away of the anxieties s caused aused by Mr illness the way day was opened for resumption of influence Influence ence by the very favorable factors in the general genral situation The Steel Trade The rhe influence of the steel trade advices was l is supplemented effectually from the copper opper trade owing principally to the statistical position Pc of that metal Re Sales bales of or copper metal and a further ac accumulation accumulation accumulation of stocks in European ware warehouses warehouses warehouses houses suggested the inference that spec speculative speculative speculative buying had been a large factor In such increase e in demand as had oo oc o while the sustained rate of pro production production I argued a difficulty in sustaining the tl price for the metal The agricultural prospect pro suggested some causes cau ea for anxiety The government report of the committee on condition showed so o heavy a deterioration as to bring it to a percentage lower than ever before at this season It needed full fun al alliance allowance liance lowance for the compensating influence of If the enlarged acreage for tor the crop and the heavy reserves implied by b the show showing showing ing I ng of last lut years unprecedented crop to mitigate the th bad effect of this showing The lack of moisture for the corn crop and Eind the conviction that it was going back tad Vad ad also to be faced The money market is subject to close scrutiny Si owing to the known factors at work vork there to affect affett the future hut but th tha the a actual effect on rates has not been suf sufficient yet et to become an active influence hm |