| Show DECLINE HAS 1 BEEN CHECKED Ycllding Has However Not Been Sufficient to Produce Activity COLLAPSE 01 TRANSACTIONS fire tery at un It hu crepe elilln 0 is 1 Ao nII oIlIon ortsoretti csrsta 11 1 rial orrnpoiuUnce s IV Yk Jim id IANIrL Wall t t affair have exhibited another k i I comparative dullneaa The Ot Wg i t n I ncy of value apparent I i i it II I two ir Hire wisdom posted inn xrlolnly seven checked but I Ill ylrillng of price liaa not as I uilu d in u Cll buying to products I il m style tu bo In keeping with t 1 v ry In the tone of tits market J i nfO pr liably not low enough lot lo-t 11 t II buying nor high enough n utng I ellher rrllilnic or Mwr tng an I at the earn Urn there I It i utnldi influence I calculated to i nuiy anYit ieration Molenlty iiihtr till ime direction or thsleontiliy 1 I Ito to tire no temperamental causal v h h tint had much to do with ha to about M Per r ip 1 > in tune tl mi t it If thIr rent volume The spite i i t 11 1 HU In Wall street is I above i 11 iurlil It is I highly eenalllve to I i i ule s an t rillowl drIfts In either 00 i n until they t culminates In ei I i i t after tie tremM leaned le I iloni In the ovpiwllo direction nUn t r tin r A n-Un a ctollsopme l of on r 1 run nt and a contraction of opera V 1 > Then eniui a phaae of Inaction I j will till during which I the afford weighed price are i i In I i in fully I 11 ly toted by the profeeelonal tse IA bottom Is I thereby < i IB and a oat > u t food I I 11 tun mranilme the weaker 1 a optrtm I oro toommosed out A 11 r < t of ndltlunn affecting Values I i too H th iHiuliiile spirit recover I i i tl < try und the elements for an llui nninlgn are fortlico iln A HlII CoMPAIUN Till In I iry nmih a recital of the irut 41Azinthooloorkmeorketfur tin limt tweUi miMltha Taken ae a 1 li I It he tie n a bull campaign r unWrill1 1wo anti activity UU floor tho I Ot 1145 there was bu with M o A No ad lIn I nino r I wellthi Upward leads r idli I r < and within Iu h Style el up priced to figured use lwonlhot tie I 110oil to fit tnt Sanguine anti t oil espeIlerae At the cried It I it Joel limit rtathtl an eUvatlin it oet Imnali high that e relapae WAS 11i I I o II stuorkt was taken toy Put pirlo ioyt hom 0111011 fallen 4 r 111dustriat Idlsl That anvisamit 1 t h uh 114 1tinalim n the market n 1 se UI 1r pI it No utithoo at rffis I iwr 1 iR insuroltuele or the ti mser rated lapllHhi had yet the ef t f elf Inlniduiliig Into red HWlcy n nki t 11 11 11 lm nt of least Import I for ronelder Inc It muid ilrmnnd I1 le trnni1 nt IatA 1 which were nnt with ut tin ir nv < t noon large holder nf dInr at H ku seats gave rU to nil n-il tin 1 v of minima cesto the I ulnit i of this limit Industrial recon < Illith11 Upa the future of Credits t I t Men to prior peeuhtthill Willie It 1 oll It d Twy tm Pwillglin In tit Ir s 4 it 10 Mlture In thee new I I I Thus the great bull P III the regular Flat eneoun II t 1 I A HI OPUINa OlISTIItTTlOX rDIII Ih usolfarpn creation of a iI i i nnt o rkw Industrial de I < to 1 I i h nn forth I lay an Import ii t trt In tin n r tlon of the twit a s Tie reserves 1 not mot Unless I it 0 othlot wsml st I xparmilon tit the area I 10 k linarkol I 11seuld h Ito I-to 1 A Iolt 7 so I h I so I bull Sea that It h amt am-t I It aU I 11 I h lore dbn Jai It It It fee The r1 I that Ihe market 10 x P No II I id in Illlhtlum a llhn I lit tIT I f of the trylof list I nlnr lo lhiloiYlntYre l Slid 01 an un ItioA l mm y inniKt u 1 remark ill I ovdn of Ih intrinsic itrength 41 It tile flnnn lilt mark IN and of the pre I < limit ateadliMM of public confidence In Klmnlliig III future of th alack r kt It l > not to tw mrrlookeil thnt H 11 I nstsaslumthes of the i t important fnilori lo be dealt 1 lilt Ho far al thli situation means IN lint in nhllil him forest made to < I lupply of NmurItIa seeking Invest i nt nnt Ul that th Mock exchange u and upn tin banks for loans l will 1 i Hi riby liruadiniilw tar the new tu turn H nnt lu I IK regarded aa ono i II go Ih r fit oretele to entrain price ttl j ihir N ulua IIUM bivn already ad I t to th mw pniltlon admlta of u i n H if iplnlnn 1 III U true that I ill In prl < 2 t ree I ho result of anton an-ton 1A 10 nll rainimnt Stimulation on I r muoh al 1 ivi lite normal level a i Ih I nthirhundth I al H < let national i nrm 1 thai him lel I lo 1 the great I iiiiin nrtiMi mil continue not ullh no liibl eyoSSNin for expect It 11M nn > tile itlnuau U la h kIt In 1 few thai as rule It no Imp rall niierally for then j IIn the-n linrki ting of the new Indua II 1 ir the insist part those itock 1 q n Into the hands of the orlg r1areIll n I no III Ill Pill ltIITItR rONHOUnATIID who It near be preiutne woul Iw wel I l t inly ut high prlcei 1 find net before III i ii valui of the steel its hud been act < i 1 npirlciur 1 frubablt the prln i 1 nilr nt Iheae Issues would bo u l n of Ih Consolidations whom i IP 1 nmlni ha been pelts tit lock K I th question In respect to inch I o MTI Ii I whether they could not get L I tier prlioi I > holding than b > roalll I g under the present uncertalntlea i n ilt I Paneling a glut uf supply He this r It nmy It It certain that the Ilium Id Int I nun t lommllted tu the launch Inn ell II new lull a li I quite a Urge lind I trillion niui one It li clear 1 that their Ability to HII their Stocks must aim < wt itulr ly depend UMIII Ihe maintenance t n hi nllhy tone In I Ihe general Hock I arkel The older stock have therefore Hie aolld hutking of him I Important 1 li which U a mutter of hi anull I 1rIWnt to the future of the railroad 1 IH 1 Itlas I however vols early aa yet it 0 Net nll1 re upijn definite tbdnl < I Inll nd frthe niumotrit I wllul1 UI1 I Ilin 1 Lilly Its lIt Willies stocks Anil I r r a nKst proHti only ill l k f Ih i hour AS Ill l til 1ld 1 1 I I 11 1 nlatlon u I 0 nVAe the view I I 111111 n still teatur planes fr list neett rhn rll Ih SI mpulgn j I I ro b < III nor logo And M J wnt S e m I II 1 nr plo I I 111 Ttr II m an hit IV II I I I I i I nr rull r I I r i ustrw tion its I mii parll 1 Undorln11 0 m i urpriall has been ciuicd by shipments nr gold during the Week out otdoot the ordinary course nf elchingr The remlttancee aggregaUng IIKH Off have been thlefly made I by one lank dot that Inalltu tie U the one which negu IUte1 the Settlement ot the KpanTlll Indemnity terseness I ties renterM tnor In Ih motive of IIIIt transaction than I In Its Importance for It I la not regarded nip fnrfthmdowtnx any contInuous or 1m inrtant export of Specie nor as twine of any great significance l to the future of TIIR MOSIY JIAIIKIIT lout am being merely n tranilent Incl dent There are Yahoos obvious wan wa-n which the transaction might bo call hold wllh the pafth I hereto An Spain was losses mainly through the transference of American fundi held by Kuropean bank It Is I not at all Ins oil relvable how some of the great foreign Inatltullone might nee1 to replenish heir I stocks of gold depleted IIbro the operation or desire to renew the loan front American bank which they have been required to liquidate In connection with the war payment and the gold ex INJM have probably hours largely at I entrant on uch readjuttersents The craft outlook hi not materially hanged In torn Mellon the weather ham been favorable and In othera tin reversible the general allUAIIon remove quenlly remaining about am It Was twit weeks am Ilrewswer the trecovery in the European rrop anti the decline In ours we may look for not only a reduc tlon In the quantity of our cereal ei Stores n compared with the last I two year but atop possibly a lower rang of prices for fool product The our > plus of airports t over Imports may con towns fares Hough tO loreviont war 1m portent exports of gold for win time to Nettle but It II reaeonal to expect n ulllmA return lo a normal rounds thin ot our foreign trade lealotswe I The declaration of the usual quarterly 1 quarter-ly I dividend by the American Sugar company remote A doubt that haa hung over rise market for mill n long period and played Into rise hands of tile bear and they have ueeil II from lime lo time In the most skilful way to depress pre value The payment of fill dividend hu eufllccd lo call attention to the Innumi rable number nf others which will follow In quick aucreialon kt d a between now and the nnt of July th aggregate I amount of whl h 10 I eellmat eil I for llli romr nt abnut lltonuooo by far the laigeat on Mon A cry conalderable part of thla I mun i y IS I h unllkl to bo 7 asa I mI b di h I In I be sir I Le I = 11 them I at k 1 I lied o ean lie a his Noth If Af I tlc I than I their llvlden > In quall Ian I 1100 dom 4wersocam bl a II CNIIY CIJeWII |
