Show THIS FILE I I IX IN WALL V I r. r GI Gradual Hardening of Prices litres es Than Ull d I New York June Jun 0 What hat What has song gona on for the lime greater part of this week II In iq the time stock market may he described e as a gradual gradual grad grad- ua ual har hardening of prices rather cather than an active speculative movement nt for the thc rise For FOI while individual stocks have at times moved mo ahead rapidly am anti and I tra trading has been heen larger and broader than thanIn thann In n previous weeks s there has been no bl big sustained a advance such as os or ordinarily accompanies accompanies accompanies ac ac- ac- ac companies a n full fl fledged bull speculative movement The rise has proceeded l' l by slow degrees de Indicating that thai professional traders have done most of at the hu buying ln and have seized their profits as fast ast as se secured secured secured se- se cured thereby giving tho time forward movement movement movement move move- ment an extremely Irregular ulal appearance and cons constant tan l opposition and skepticism In various speculative It rt will be admitted h by everybody however lIo that thai the active interest in current current current cur cur- rent operations Is still narrow and that 1 It ItIs Itis Is confined cr very largely to habitual trad trad- ers The lime market with apparently no support support sup sup- up- up port front flom the the outside l public ha has made some seine very rap rapid and Important advances and those who have opposed thc these e advances ad ad- a vances ances on the ground that they aro are artificial ar ar- ar have nave always alwa's had cause to regret their inch stand The weeks week's dealings s have brought homo home tin the truth forcibly that thit crops arc nrc the a aU all Important Item In the present outlook The Tho main reason ason for this Is that our present pres pros ent nt expanded state slate of or Industry implies unusual necessity that there re be bo no im In the main springs of the country's wealth alth In limo Iho early part art o otho of time tho week the thc buying movement rno was tuns encouraged en en- Je IJ by the governments government's estimates estimate on cotton which while the they did no not point to an extraordinary harvest hanst mada mado mad a very flattering comparison both 1 In fn condition and acreage e with the thc crop o oa of ofa a year car ago us-o. Toward the close of th the week the renewed advance In the grain markets furnished a rather formidable obstacle lo to the wa way of operations for 01 therise the therise rise In stocks The Information that thai Wall all street is ismore ismore more anxiously awaiting than an anything eli else will h he be forthcoming at noon nex next Monday when the Government Go makes public It grain crop estimates for tho tine first of June The mone money situation remains substantial substantially substantially the same some as a week a ago o In fn that It ItIs ItIs itis Is good yet et might be he better |