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Show A Financial Currents of the Week MONDAY The speculation In stocks developed constraint and there was hesitation hesi-tation about pursuing operations on either aide of the account. Tho slock market was dull and listless, but ended at declines. This was due partly to the closing of the London stock exchange for a holiday. The domand from that sourco was so Important an clement In rallying prices from the acute depression of the latter part of last week that speculators were indisposed to pursuit operations ln the absence of Information on the Immediate Im-mediate attitude of London buyers to American stocks. The call loan rate also Is declining In New York, and reservos have risen to such large percentage figures fig-ures that the occasion for heavy gold imports docs not appoar important. Six months money was freely offered at 5 per cont. TUESDAY Tho stock market was largelv an affair of professional traders, and their views of tho speculative outlook out-look poomod to chance from hour to hour, judging bv the continual fluctuations of prices. The movement of some prominent promi-nent stocks gave warning that tho bear partv had been at. work In the last few days". Thero is no one subject at present to which so mvich importance Is attached as the year's agricultural harvests, and the market showed a rool response to tho moro hopeful turn of the dny's news In that respect. Early depression was transformed Into a buoyant and active closing. WEDNESDAY The stock market dls-clowod dls-clowod Its narrow limitations under conditions con-ditions as they exist. The sharp rebound of I ho duv before seemed to exhaust th'J domand from the shorts and thero was none forthcoming of a more positive nature na-ture While there was no renewal of tho urgent selling which has aroused the suspicion of forced liquidation from time to time, thero was a prossurc of stocks for salo to realize profits on the rebound of yestorday. Sales wero in moderate volumo. but the demand had bccoinu so feeble and languid that no abaQrptlvc medium was provided and pdeor, gavo way. Before the close of tho day tho requirements of the shorts asserted themselves them-selves again and caused a recovery of most of tho 'day's declines. Tho news offered no striking changes In conditions bearing on values. The growing crops hold a largo share of attention. Early reports of moro high tuuiperatures In Texas wero succeeded by assertions that cloudy and cool weather had developed there. THURSDAY The speculative attitude toward tho stock market remains one of watching and waiting, as was shown In thu halting and Irrngular movement of prices and the oxtreme dullness of trading. trad-ing. Belief that, bankors had' boon called on again to relieve some over-extended accounts of large cap'allsts. and that some of the liquidation yesterday and carlv today was in that connection, had a disturbing effect on sentiment. The condition of the crops holds the "largest share of speculative attention. The marking of the harvest for wheat ns It proceeds northward seems to bear out the earlier estimates or to oxceed them, both as to yield and quality. Evidence of improvement in corn docs not preclude anxiety over tho critical period still to bo met by that crop. Tho cotton market was taken to Indira I ft more hopoful pros-puct, pros-puct, the predictions of rain In tho south- l western portion of tho bolt making an element in that feeling. FRIDAY Tho stock market, while still narrow and professional, reflected reflect-ed a more active mood on tho part of that element In the speculation. specula-tion. Tho attitude assumed by the professional pro-fessional traders was based on a conviction convic-tion that a largo short Interest remained uncovered and was In a vulnerable position posi-tion through the cessation of urgent liquidation. It was not until the last half-hour that an attempt to take profits dotormlnnd the hollowness of the market and wiped out previous gains. News developments failed to show any marked alteration In conditions from those rccenlly prevailing. Regarding the corn crop, there has boon a marked do-cllnc do-cllnc of apprehension ovor tho amount of damage clone by the drought. Weather , advlcos today showed good conditions both for corn and cotton, and tho bulls made u&o of the m;ws to push tho advance ad-vance In stocks. SATURDAY There was littlo lifo In the opening dealings In stocks. Tho price movement was spotty and Irregular. Irregu-lar. Laclede Gas rose 11; Amalgamated Copper, 1, and Heading, g. Atlantic Coast Lino lost 11 and Missouri, Kansas & Texas 1J. Stocks wero In scanty supply at tho opening figures and when buying orders came into thu markot prices were advanced ad-vanced sharply. Trading, howovor, grew duller as the list wont progressively higher. Union Pacific, Southern Pacific, Reading. Trilled States Stool. Pressed Stool Car and American Beet Sugar rose 1; Great Northorn prefcrrod, lij, and Soo lino, 13 The market closed about steady and very dull. |