| Show SPECIALS LEAD GAIN OAIN IN WEEK Result of Banking Interests Money Moncy Steady y By fly STUART 1 1 I WEST specIal Cor ot of The ibe Copyright 1 1926 2926 G Consolidated Press Association NEW NESS YORK July Develop 31 31 Develop Development ment ments on the th New lIew York stock ex cx exchange chan change e have hav shadowed over every el else elo o that hn ha hak happened In Inthe the financial situation during the th past we weCk week k Leading Industrial tocks stocks ot of the tha type of o United States Steel common cornman and General Motors ot of two wo of the thi Industrial of the country have been bid up to 10 the hilt he prices In their history under the present Ire ent form of ot capt The Improvement however has hall been b t through the of o powerful bankIng in- in In Interests while the outside public hAs taken little part part in the pro pro- pro That the buying haw has ha been beOn for tor the th account ot of those with large capital resources will was evidenced by bythe bythe byth the manor In which the heavy ot sellin toward end of the th week was absorbed SPECIALTY tilI 1 The Tha upward up movement ha has hs b been tar front general many parts of the hist I ot falling to 10 participate in the recovery It has been a I market markel itt In which especial ar stocks have been t to the front and ond bid up UI tor for particular rea reasons sons sops while th Ih main bo body ly baa lias to 0 respond to 10 opera opera- operations opera operations Whether or not It Is I to 0 d Inlo Into a 0 real re bull m market with all all groups r ups participating J- J main it-main mains to be seen General Motors above e 19 has hils recorded II a a gain rain or of almott 30 30 point within n a n week neck The rise In Un United lied Staten Sled within the same same brief space has extended to 10 nore ore lI than Ihan 10 points Earning In each instance In- In stance tor for the first first lii months op operation p p- p oration exCeeded expectation f the most mO sanguine san and ond the upward the movement appears appear 10 to havo ben beon based basw upon ullon these disclosures PF FAVORABLE H Developments In Iho tho J In- In In Industrial situation have ha Keen en favorable orbe Operations at In centers have been beOn expand expand- expand In In my at ot a season ot of o the year ear when ordinarily curtailment develops l According to Duns Dun's Review Ingot production of the tle the United States Steel Slee corporation has hils risen from 83 per cent 10 to 87 7 per cent and nd the volume of or new business continues to be well sustained during summer the mid summer period pf pt the he ho various arlous Ind indu Indus Industrial us trill trial corporations so co far reported for tor the first halt half year have hae been exceptionally large larte and nd no 00 doubt doull has hos had Its s it effect upon stock sentiment MONEY MARKET 1 mUT Sn D Money loney 1 conditions r abo about t same sam a n the they have been for lor forthe forthe the save or r 0 a sightly firmer tendency In the market time lime fund tu and end should hould business contino good Rood somewhat hIgher rates can can-be- looked forward 0 tois In tho fall fair Call funds for stock market pur purposes pose poses hv have nn ve renewed ri th throughout I he pact week at 4 per pr cent but the tate rate on new loans was as n l to S 6 per vcr cent cant just before the clos close This was was the result result of oC nothing more more more than han the of funds runds tor for end of o the t nth mi-nth re requirements s This condition was wal only temporary end there Is JI bit bit- lie fit tie tb doubt that there ther will be an abundance ot of money available for forstock stock sloe market requirement for tor some time tim to 10 come JS J DULL The market has liSa re- re remained re remained dull but but with prices Interest In In stock market pro pro pro- pro his baa diverted attention from Crom bonds but ha has resulted Inno In Inno inno no Nothing extraordinary has hu hap hap- happened happened poked In the the- French financial sit sit- situation sit situation French rench securities general general- generally generally ly are quoted where they were a 0 ago aco while the about a 0 halt half cent above the Ibe ex- ex ex extreme Ironic loof low lo of 3 Whether the Poincare cabin cabinet t will wilt be b successful In it Its 1191 efforts efforts to to burden the th French l people with Increased taxes In face of o the failure failure of other gabi cabi nets nets nets-Is Is a 0 question The decision ot of the th coalition cabinet how t however not to apply lly for ratification of the American anti and English war debt agreements agreement leaves leave the th situation for the forthe time being an Internal one s HIGHER The commodity markets have been Influenced chiefly by weather conditions With the government cotton crop report indicating II a yield Iel III almost almo most t as large Jaree liS as s that of the big biff 1925 1025 harvest the commo commodity remains at at quotations quotation slight silent ly Iy silently above what Is generally con con- conceded con conceded ceded production costs Costa for tor most moat mo growers Seasonably quIet quitt condi condl conditions have hav prevailed pre In wheat and other commodities Duns Dun's comprehensive list of ot quo quo- quo quotations discloses disclose 31 advances os as against 28 2 declines These com corn compared pared with last weeks week's lion tion compilation reductions ot of 36 35 Increases Increase and 29 lions and for the week of last year with 3 36 advances and 23 recessions |
