Show Time for Suppressing Desire T THE HE STOCK market taking two things into A account is giving the he country the signal that the depression is over with Volume of busin business business busi busi- n ness ss prices and the shares staging a comeback is one indicator The statement of Marriner S. S Eccles federal reserve governor that operations are not being carried on with the aid of abnormal borrowings is the other and in it there is a large measure of reassurance reassurance If If- Wall Street has learned its lesson it will recognize that th-at this is a time for suppressed desire desir Of course there is a lot of fun to be had on ona ona ona a rising market but even the seasoned operator operator operator oper oper- ator should h have ve discovered back in 29 that no market can can go on rising forever and that a spectacular climb is bound to to be followed by a spectacular ular drop Then comes the dawn with its headache We seem to have all t the elements of a good bull market The banks are arc swollen with funds which nobody seems to lo want to employ in the ordinary way of trade trade trade-or or at least hardly anybody any any- b body dy is employing them Given a steadily rising ris ris- ris- ris ing illg market those fun funds s will inevitably seep into Wall Street Street for for there is something about money which h makes makes' its possessor possessor prefer to collect collect collect col col- col- col lect two per cent a day on it in Wall Street rather than two per cent a year in ordinary business Now everybody wants to see stock prices es improve Whether we yearn for for- forthe or the more abundant life or the two chi chickens kens in every pot we are pat to objective see our tive a a little more clearly if the right kind of music is coming of off the stock tickers But the stock market is a funny institution It exists theoretically to provide provide provide pro pro- vide a aee free ee flow of finance for industry but bu it has a habit of running away with itself every so often and turning into a gambling hall hail A small amount of judicious braking will wil keep stock prices in line with industrial conditions conditions con con- and prevent us from draining all ou our energies and spare cash off into Wall Street j t. t as happened in 1929 So far nothing much has happened But the makings of a disastrous boom are arc there if the lessons of six years ago are disregarded |