Show MIKE Ilus hILKS condition show a slackening Tin dincy henry clews of vall all street haa has bae has the following in thia this weeks trade rad and finance circular general business busl nees continues to how show a slackening tendency thia this la Is confirmed by declining bank returns and frequently unsatisfactory reports of ratI railroad read earnings failures are increasing in number and volume iso no improvement can be reported in the railroad situation many of the great companies iro lire still embarrassed by declining net re results even where the galna gains in grass gro tw are satisfactory and railroad credit Is comparatively at a low ebb the great steel industry shows shoves decrease crea activity the largest producer Js only using about 80 per cent of ita its capacity and prices have declined rn an average about 13 3 00 per on since bince the effect of the new tariff Is I 1 an el element ment O 0 of t uncertainty in the steel trado trade as the english and german markets have also been deci laInIs sharply a and nd it la to quite probable moderate quantities of foreign steel may find their way to the am american alcan sea board such arrivals ho however weer are not expected to be of importance except for their indirect influence upon domestic pruce the outlook la Is for an unsettle unsettled and fluctuating market while general conditions are not satisfactory still these have been boon very liberally discounted as Is hown shown by present IOA lo 10 prices tor far many very deel deal rable securities the market has been sold almost to a standstill and the outstanding short interest Is in consid technically the situation Is gound and prices would readily respond to ampro improved ved conditions for the time being however we can only adai advise conser in fi financial opera tlona |