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Show attitude in the making of commitments, i because there are so many things overhanging over-hanging the market which, even though they come out favorably, will have enough j influence on the market for the time be-! be-! ing to cause a most irregular, of not an ; entirely downward, movement, until "the j questions are wetled. j "The money situation is and has been 1 the most sore spot in Wall street. Brokers still find it difficult, to obtain funds at even the high interest rates which now prevail. And it is stated that loans are being called from day to day with very few renewals made. In some quarters the opinion prevails that after the federal reserve re-serve officials' digest the' mass of data they have in hand regarding the amount of funds now being used for the purpose of stock rhafket speculation, some statement state-ment may be forthcoming which will make entirely different reading than any of the statements heretofore made by that official body., For this reason, according ac-cording to tho opinion in some stock market circles, it is time for the assumption assump-tion of a most cautious position, lor the speculation in the past has no doubt been greatly overdone,, as the market fluctuations fluctua-tions in the recent past has shown. Aside from the money situation, there are many other questions, including granting of foreign credits, whichX is necessary to maintain our export- trade, which will have to be solved, and when it is done It will doubtless operate to curtail the credit extended to stock exchange ' business rather than increase it.." . .. ' VARYING MARKET DUE TO MONEY SITUATION lOxplation of tlie cinisu of thn market fluctuations is contained -In tlie following communication from i.ewan & JKryan, received yesterday by J. A. Hogle & Co. over private, wire: Your atetntion is called to the follow-Ins follow-Ins article in today's New York Journtl of Commerce, and which I think is worth studying, especially when it is reported that eastern brokers' loans on .stocks and bonds carrind for their customers amounts to ovtr $1,0(10, 000,000 more than they were some months aso. New York Journal of Commerce, says: "AUhotifrh the general trend of the mar-' mar-' ket has been downward for the past few-days, few-days, tlie reaction yesterday way, in part, UKain due to the announcement that the federal reserve hoard was to hold another meeting to take up tho matter of stock speculation, as was tile case on Tuesday, hut aside from this, the general state of affairs seems to call for the most, ciutious |