Show I i- i UE fEE Tone of Business for fOl Past Week Presages Year of Won Wonderful erful Activity LESS SPECULATION SEEN Market h t l Conditions ml and 1111 tod Continue to te Money Kates Falling I I New York Jan Jami Jai 1 The The fh first l week of I the thc new lew year ends with wih a ii L more confident feeling a pervading ll Ihu fin financial Cn- Cn lii- lii ancial community than bali has existed in In Ina II IIa a it long bug time Foi JUI five fhe mouthy lh lit mune money markel hats hag been bem an aim al unceasing iii ing object tt of If and Hit apprehension hension and there therl have hl c been 1 Intervals IntI wh n n the thit uneasiness which It I has hal aroused hits has even CI C been acute AN As recently I as ten len tel du days ago JIa grave 0 doubts existed in II Important quarters as ns t to tv whether tile the customary let let- lei down o n after time the fh tIri t of or lie tH year jeur tr Jn In this Instance bo he ed 01 ci lo tu Put fut It more mure exactly whether a easing o of Lime lla ti n us as slight might occur would be lie appreciable The Tho 11 of or orthe the time last latt week havo o ha in In largo large set sel these w doubts at rl res rest I. I Money I titles Hates lal I Money rat ales i-ales s are Ule seeking a IU normal JIU le el level which augurs well for fur time thc Immediate Im m mediate It I In is true that lint by comparison com COI- COI parison soni with wih former sessions eIons bids fur for CuI time money are arc still ItI UM But nUL money muncy C for tn to tu I day duy o day n hf pur 11 C I n I t a 11 a ll cu easy y H I A a a J ry- ry Mull 1 W mor moI oC hard JI Hp c l iv hll h t hl avo m during tho ho ho lost hl for time tho hI raid for Cut forthe forthe the use Ulu of ur money rh The Wall sl l business will wil from om now on omi be he conducted con con- dueled ducted mainly In th thu call moDe money une markel mar mar- IH hot kel t and ul lime contracts as th they y mature will Ill 1 not b be enl renewed The rho outlook for Cor money generally Is that thai the he six Ix months will wi be a fairly comfortable lotI n Cui will wil be lie returning in iii iuan- iuan lt tRy tily oil from om the tito interior cities and the tho government will wi be disbursing lal large c cRums stimuli Rums for pensions and amid for Fur For this length of time at nt atleas least leas I. I here thell ought lurhl to tl I be a steady accumulation n of if bank c reserves and credit should be e available a for fUI or Wall ail Wallstreet Wal street streeL uses more Inure freely than It I has ha a al at atall all al In lii the last six IX months months SteeL Market Markel Shows Shows- Si rung rung- This pleasing ProsPect oil mOI o re- re finds the stock market In lii an un unusually strong position It U comes i upon un a 11 speculative c which lo to al all al I appearances has been heel very vely thoroughly liquidated The violent vio rio lent full fall in the priced high stocks In Inthe the closing fortnight of or December brought Into Inlo line 11 with the rest resl of uC the thc market the time only remaining quarter where the lie o of speculative c In Inflation In iii- Caton might have been male made The Thc V presents a n Cheerful prospect pros peel for fOI the lie immediate future because of oC the lie low how lo lostock stock prices and easing money mates rales latO but which still UI og many mallY misgivings for fUI the financial and d commercial movements ro later hater on un As hI one une high hiSh authority has said it Il Is nece necessary ary lo tu save us from rota our 0 prosperity We Ve have expended along commercial lines hues u tu ij the limits of present pres emit ent l further expansion lU may prove C dangerous Th The one une great point of on oil the other hand haimi Is that thal thin Iho stock market for 01 the thc past year Ca has kept to such a conservative l course Absence o of any speculative Inflation in iii II the security ecu dealings cu is thc lie Il I must most reassurIng ing thing about no Wall Vali street ion llon ton o |