Show MOODYS MOODY'S REVIEW I Moodys Moody's Weekly Review of Financial Conditions In Its current Issue Isue says In part Ex Expansion of brokers broker loans Is perhaps perhaps perhaps per per- haps taken too to seriously at least les for forthe forthe forthe the moment momet These loans lons Include the borrowings of both stock and bond houses and the te borrowings of the latter latte are probably extra large Besides Belides this thi brokers' brokers loans and margin margin margin mar mar- gin buying of ot stocks normally loraly expand with the growth of wealth and income and and in proportion to national Income they are now probably quite a a lIttle lite smaller than they were wee in January 1926 1920 On the other hand now that stock stok prices are so 8 high that tha stocks yield a third of a a. a point less lew than competing hard heads Investors are Inclined bonds hard hede to take profits and this taking profit taking promises to make hard sledding for a abul bull bul movement from this level level So It 1 Is I that Indications point to a horizontal stock stok market market |