Show WALL STREET PRICES ABSURDLY HIGH Low Rates for Money Bulwark Bulwark Bul But wark of the Bull Bul Movement New Now York Aug Conservative men In Wall WaIl Wal street street have havo no hesitation In pronouncing the present prices of ot securities absurdly high Tho The on only I explanation ex cx- ex- ex for tor the recent lecent upward trend In th the tho taco faco of oC low earnings and decreased decreased de do- creased business activity Is tho the abnormal abnormal abnormal abnor abnor- mal ease case In tho the money market and tho fact net that that tho tIme return of or trade animation ani ani- mation maton has been most discounted discounted most most bankers sa say over v discounted Though the rise rIM In prices Is held to have been beets carried too far and too fast tat there are few tew professional operators who will wi hazard a guess as a to when It I will wf end cad It can cn be emphasized however howver t tat at atthe the low v lat rates s for money provide pro the bulwark of oC the bull bul movement This added to th the prospect of continued monetary ea ease eato o for months to como conic has emboldened financiers of ot tho the speculative speculative spec spec- type to buy securities on credit and In iii large lorge volume In this policy the hey have been c n encouraged by ly the fact and one not riot present In lii similar periods following othel great panics that hat the Income return from front beat such se security se- se purchases Is greater r than tho time co cost t of or the mone money borrowed to pa pay for the stocks Whether the buyers buyer can tell sell sel their belt purchases to tho the public at the high levels hovels and thus cash In lii a abI bI profit must must b be demonstrated Public I Is Sn Suspicious Today the public attitude has been one of oC suspicion Comm Com Comm in houe hoube houle brokers rokers have reported little lite Increases In n business and trading has been plainly of tho he professional Live and to order made to character that tat goes with wih tho tIme current rumors There Thero Is no Indication bC f any radial radical radi radi- cal ml al change in trade truo conditions In Inman man nany Industries Industries' a setback Is noted note from rom ropa the Improvement ment J shown ho In iii Jul July The Time public of oC the tIme stock ma marot mar mar- lct et ot advance has hus been Increased b by the outburst of Lawson advert advertising Wall al street refuses to tak Lawson seriously 5 there Is more reason to be- be le- le that lint he has been operating cx- cx and old on both sides of or tho aarl ef Opinions as to whether he 10 Is tho the a agent ent for bigger people as in iii tho ho 10 p past t Some bankers predict gold cold old imports In n Ii tho lie near and factors male mak- In hip for such a n development tho ho hc heavy Y bond sales pales abroad s a-s a. a well wel I as aK the he exports of or grains cotton coton and ald other oIlier Exchange bills bis for fOl the time latter later aro are appearing In iii fl steadily increasing volume Although h Iho Ito outflow of oC currency to the time Interior almost Invariably beKins be- be Kins hi lii August Augut It has lias not yet et ap ap- 1 red According to tho latest l the the- pIts Interior banks h have avo fully I cash sh than a. a u y ar Th The Jw Now cw banks are also h In a stronger I c condition than In n any Iny 1894 S |