| Show TilE TiE WI FI IX IN IN ET r Advance In List Lint Un ns Feature New cw York Jul July 28 Portlier Further advance for I the h general list t and special buying of n n. few chosen stocks are the time essential essential essen essen- tal occurrences of th the thi passing week In iii InWall Wall all aU streeL I For or the tho must most part the tu movement has hns simply been leen continuing that of or a i week ago ago and amid the analysis of causes given gen In this article last Saturday Saturday Satur Satur- day would apply equally well wel today The main point L to l Ie c made Is In that real values s 8 were sere lost sight Might Ight of or In the time demoralized de do- Ic- Ic moralized markot af or Juno June and amid early erly Jul July tImid and IHl It when the tIme panicky selling ceased and securities came cam to bo be regarded again for what they were worth that the market quotations quo quo- should recover 8 smartly 1 a rl There hind had hal been of or course coulse an nn over speculation for or the tho decline of DC the tho same sanio amp general character as previous pre speculations on th time the long side sile and it ha has been checked Buying back of stocks the sub subsequent result In the tho Inverse have been quite similar to what u usually happens on 01 time the til break up of a n bull bul campaign n. n Speculators Speculators committed heavily on short contracts contracts contracts con con- tracts after aCer efforts eort to compel further fur ther her liquidation gradually came caine to reco recognize recognize rec rec- o that lint stocks were not to be had hadIn hadIn hadin In on any quantity around the time low price levels cIR 1 This realization always lawns dawns slowly just nM as n on the culmination of a n great rise the speculative community It I hard to see that the time upward tendency beginning quiet quietly becomes s more mor and more urgent urgent as aM the lo losses se on ott 01 short hort comm commitments I ts begin to mou mount n t. t until the time sta stage e at length Is reached where operators for the tIme short account lose oso and close cloe out th their lr ven ventures tures ures with wih time the same disregard for prices that the show when heim In a d do do- lining t-lining mo m movement n time the they feel tl tin tIme ground rapidly slipping beneath their feet The Wall ail Wal street trading for the time past fortnight fortnight fort fort- urt- urt nl night ht has ps passed 1 through the time several phases of an oversold O market But Du there has hns ot or course bc been n much more than titan short hort covering lo back of the ad ad- ad vance once Accumulation of numerous stocks that lint was not completed while prices were re down three weeks ago has hns gone on 01 at rising quotations and along with wih this the great body of oC habitual speculators have been trading heavily for long Ions account account No largo larlO following has yet ct been created but at nt tho the close of or the week the tue market presented most of or tho the characteristics that lint usually accompany ac nc ac- ac company rise an arm active act e speculation for the |
