Show t SPECULATION IN STOCK MARKET STOCK MARKET Little Being Done at Present Time Except by Professional Professional Protes- Protes Element t MARKET IS OVERLOADED to If f i- i r- r Cm Crop Situation 1 Is Eminently Satisfactory tur tory to toll All ll Concerned General Situation Good t r S New York JuI July So 80 So far fai ag os actual speculation in the tile stock marl market ct Is concerned con con- c corned there Is but ut little at tho the present presen time and find for Cor the most part pmt that little f Is confined to the lite professional pr element the outsiders apparently not caring IllS t to t 5 interfere with securities un under cl th the present conditions A peculiar also is the lie steady selling that Unit ha has s hascon con continued t I ii during ii ii g t thu ii u past st week soni sonto persons whose identity Is carefully gu guarded a t apparently ti Y being Ii g corn compelled pell cd t to unload the accumulations of ot months month at any my price they may bring This Titis ad- ad 1 hug nig tho the experts aver n Is by no mean f for or r tile lie purpose l' l of oC creating a n short In Interest In In- t terest but ll rather Is selling b by parties arties wit who are arc in III a position where the need tho time money Il It is argued thi PiL as Its hl high h rates for Cor money natUrally 1111 lIy mends lower rules rates for COl stocks hold holds holder rs S of lar large quantities of oC marketable seS so se- se arc are willing to protect their thel losses Josses now rather than to walt wait mil a a. period when tho values will have shrunk II to 10 a n much flinch lower figure l 5 The bond market Is st still ill 1 with vi tim issues 1 arid and rill n new e sup sup- T pl plies piles 1 are an sUit stilt forthcoming In short there Is no tin sign siAn yet of oC tiny any of the Ito demands upon I the ito money mar mar- k ket t. t Many new enterprises nl lire are wa way vay anti and mantIs upon our monetary 4 rl resources make rates for fOI 1 tiiu money cy There has been n I ii no nu 0 t S con contraction ton in loans the thc report of th Limo tho comptroller of the currency U showing an un Increase f of or over o ii In ini i thirteen months Crop Crull SU Ion The rIms crop rop Is eminently sat sat- t A wheat wheal crop ro of over o 7 bushels hushel as In by hy th time the last Government Go report la Is nearly 10 10 I greater than Luau the Lime prospects o ot of a. a t L. year a ago o. o A corn of nC Is i. i th the tho IH promise which Is almost a a. record crop anti and bushels above e last years year's indications A good goodS S cotton colton crop op is also promised the arage av- av rage crage estimate being bales hales Should we vc have C a large Jargo wheat w Imea t crop that ns ml much prO prosperity Co for I the L farmer inasmuch as ns It Is a large money 1 producer A big corn crop means much mUlch L not tint only for fm tIme the farmer falmer and LIndi the Im mall mall- t roads but hut also for the thu many directions direction's Into which it enters for or consumption such as beef pork whisk whisky starch r r. r glucose I etc Nc A large cotton olton crop will wil ill f f he beneficial Inasmuch as the large r port portion 1111 of It goes gocs for or export antI and H at i t present good prices will yield a largo largi J a amount ii t of st lug exchange e go vi with will I It which to tu settle seUlo our foreign Indebted ness f I me 10 SIC general business s situation con coti- I Until'S promising 11 A more conserva live tive tone bite prevails amongst the Lime leading business lI men muen titan than u it year eal o a-o ago a and Inti nd this imis should Imn be le us a mm favorable con comm Our Oui Iron 1011 anil steel trader show ho no no- abatement Jn Q U H to to lo six or 0 twelve o months The weakest t element in the business outlook outlook outlook out out- look Is the excessive c speculation In real c estate In l c er e cry section of the time country country coun try an and a dreaded stump slump in this line Is anticipated Although bankers bankel'S In Paris are arc more mote or 01 less concerned about developments in Russia Russin there is still an In abundance of oC funds at Paris seeking In The rime present local outlook is for Cor firm rates rales in time lime mone money Large c crops at high prices and antI continued business activity activity ac ac- Uy th-Uy will make malc e demands upon our monetary resources and tim the Inelasticity of our currency system or 01 orI orits I its Es adapt non 1111 I ty to lo large sudden Rudden de Ic Ie- Ie mantis mands exposes us to lo periods of more or 0 lest less stringency during the time last lait quarter ter tel of oC the time present year On the time whole seems lit little tic prospect of oC any uny decided de tle- change chang In itt time the market situation for the coining week weck at least |