OCR Text |
Show MARKET AFFECTED IN W WAYS Stock Prices Down on Unfavorable Unfavor-able News From Abroad and Happenings at Home. NEW YORK, July Speculative sentiment was inclined to turn last, week to political and government affairs ns tho factors responsible for the cqurse, of stocks. So far as Industrial and commercial commer-cial developments were unfavorable there was a disposition to hold these factors as Influential also. The foreign situation induced in-duced the selling of securities In this market mar-ket for foreign account on a scalo greater than would be prompted by any actual harm to result in American property Interests In-terests from an outbreak of hostilities. ! The action of finnncial and commodity ! markets was sufficient to enrry Intimation Intima-tion that a solution of the Moroccan question ques-tion offers a serious problem. The course of several congressional inquiries in-quiries Into corporation affairs, 'especially the United States Steel Investigation and the Interstate commerce commission's decision de-cision in the Spokane and Reno rate cases, were factors on the side of homo affairs. The rnte decision, being a reaffirmation re-affirmation and elaboration of last yvar'n tentative ruling, was not strictly new. Report of good rains In various parts of tho country relieved but did not entlre-lv entlre-lv dlssipato anxiety over the crops. It was felt that Immediate danger to tho corn crop had been avorted, but reports of damage to spring wheat from rus'. came to hand. Preparations for moving the crops were not without effect on the money markets Time money rates hardened during tho week and commercial paper Is no longer placed as low as before. |