Show I I I Financial and I L- L Commercial S BY Dr THOMAS C. C SHOTWELL New York July Juh IS Stocks Stocks became buoyant In tho the last few Cew minutes of or trading today and the tue close showed the leaders at new high records of or tho the year Union Pacific and und steel were Iere at the front Shorts were slaughtered Back Boelt Backof of or the thc movement are nrc all Il the powers of the Standard Oil forces and every specialty clat controlled by that group of oC financiers Is if being made to reflect their market sentiment St. St Paul rose to 1101 HOl and Consolidated Gas Jumped d to toSo 1 ISSi So bold are these operators and so certain are arc they of or th their lr position that they let it bo be known after atter the close today that they Intended to squeeze the shorts in Pennsylvania and New York Central the coming week The This Thea a advance ance of ot stool steel shares does not entirely reflect trade c conditions It Is true the tho tru trust t Is getting more busi busI- ness riess but tho the advance Is at the tho expense of thousands of or stockholders who went short for tho the trusts' trusts share as s a hedge e against excessive Issues that baa liaa no market during the thc panic Steel 1 shares were so easy cusy to borrow that everybody every every- bod body believed cd they could coul never be bo cor cur It I In Is a huge poo pOol made up of or the managers of oC Fiest National bank who purchased one ono million share of or steel common lending the stock tacit to the sellen sellers sellers sell sell- ers en who 0 art are fl now being eln compelled to bu buy It back at tremendous ous losses looses The InO C movement t of ot crops already harvested bar har vested is putting more mor freight cars into operation and the lH number of or l Idle le curs cars Is s being re reduced at Ctt the rate of a wee week 1 Thy The montY money situation Is interesting but ut not important Just now That Is Isto isto to o say a mono money cannot possibly ho bo put Into n to such shape that it will interfere with the stock market mo movements moments ments al already already al- al rend ready planned Stocks have not in increased increased in- in creased In value It Is money that has hns decreased In value as the result of oC the he new currency law lav Wild lId In Inflation nation Inflations Is s tin un absolute certainty for or the tho corning corn coin Ing ng year ear and the stock market Is aim aim- pl ply raising quotation to the thc value of oC hw thu monc money I In he use Street Number of or shares sol sold today 3 amo rano day ay a year ear ago Par alue value of or lIon bonds s soul sold to today a 1 51 H OuO sumo same dry day last year ear 2 1000 The average gain of all stocks dealt In n today tOl was 67 c cents cc making the thc gain aln since Ince December 31 2062 This Is a anew anew new high lIgh point Joint for the year ear e of or Bollock Pollock Special Wire I H. H I I. I L. L I Sales Am Car F y 4 1 38 38 SS I 1000 OO Am Smelt SmelL SI SJ 33 SI Am l Loco oco I M 51 fiB 5 Il 1 i ItIl Am Sui r h i- i 13 io i ii mal Cor 70 70 Ann Ana Copper I Ii i H H 1100 Atchison SO 86 85 86 SOO n. n and O. O 90 2000 D. D R. R O 50 O P Pacific 1676 1671 1682 1300 C C. C and Ohio 4 42 42 42 2200 C. C M. M and St. St P. P 1401 l C. C l' l F. F an and I. I 31 30 Erie O 20 1600 Gt at Nor 13 1331 1400 xii L L. L and N. 1300 1100 Mo Io Pacific se 55 53 55 M. M 1 K IC anti and 30 9 30 2400 63 63 63 N l. Y 1 Central 2100 X N. Y V O. O and W. W 3 39 39 1000 N. N and Western il 71 Nat Lead Lea Nor PacifIc 1381 U 1 i Pennsylvania 1242 1231 14 1241 U. U S. S Steel 42 2 Peoples People's Gas Gos 95 94 I 1400 ReadInG 1141 1161 2930 Hep I. I and S. S ICh 19 19 So 91 loa toa 91 UnIon 1622 1492 rj 1 ronn I r. r Inn N hO 52 i 51 Gl Gj Total sales OO 17 |