| Show TIlE THE TIE MARKET SITUATION Which Ilao luo I cd Trad Trading III lug ing Into Inlo l Pollock Special Wire N nv York IS 1 Tho stock nut lift hn so 10 many thIngs to con cnn contend tend with wih In iii tho the WiY of lt f now new unfavorable developments in tho th general LIme tho it him has not hO l surprising to tl n seI Meo o time the trading e Into Anti and u it flagging to In 10 addition to the thelI resumption lI of lt if gold 1011 yesterday which Is I practically only ully the thi begin beginning beginning ning of n a lun forward movement of or the tho metal to London aid nHI Paris lie Die i market line has tho tIo this dis disturbing Influence of or further had hal trade reports to IndIcate tho the and nd extent of ot tho time Industrial do tie l rt ishii moro more very vory vor bad had of or railroad and th tim pilIng up ui of Idle Iee hl with wilI tho the hero und ether rUmer fInancial content centers throughout the country countr to tl rather rathor emphasIze the tho Ron goim Ion oral ru leek of ot f confidence depression In general busIness In this thin tho the f of or tIme the American Railway with wih regard rIc to Ia t the tl freight car si sit In tho United yesterday U I Lt Inter The Tho Tn renew ed ee slump lump In the tho price of ot copper and the tho continued In tho time dry markets mantels In connection with these features make It quite Iule plain Inin tho tile recent optimistic of ot officials connected with tho tIme United States Steel corporation and others other on omm the time theIron Iron rind steel teel market conditions are aro hardly to bo be considered seriously Thoy MI are arp to my lity m tho timo leant either bluff or misleading on the actual conditions When the readjustment of if t tho the price of ot pig Iron and its Is finished product IH Is JI finally forced upon tho timo steel trust tru t tIt It will 1 undoubtedly bo b severe Govere and ald per perhaps lumps haps as Cl radical o tI ue what has bu occurred In iii tho price at cit It print another standard line lino Ino of ot dry city cry goods goodo go 9 during the thelast lest last months TIN The procrastination aton In this matter seems to bo ho only an effort efort to delay dell the tho Inevitable ned ard it comes It Is feared the effects will bo b worse than If it I It lIed had been al allowed allowed lowed to have havo havo taken In Inn a grad irad gradual Iral ual way WiY under natural conditions of ot the time supply and und demand situation It 1 Is IN this artificial situation In tho the Iron 1101 and stool steel Industry and the rather mthr general realization ton oC ot the tho great dependence upon the raising of ot good crops of ot when wheat cotton and corn COll this season enson and also the tho satisfactory ry outcome of or time tho present tangled cal ril Il conditions which are nN holding tho the resumption of general business In lit chock und mind preventing capital from goIng Into now floW enterprises und nun restrict restricting ing In Investments In securities to tho time present small smal volume Until these uncertainties are aro swept away awaY und confidence has hns teen restored throughout the country we cannot hope for COL a IL revival of at activity on any substantial lasting basis |
