Show I MONEY SITUATION I II I IS LATEST TOPIC i V NE NE YORK July 14 One H.-One One of the most absorbing topics in to oli street Is the question of or whether money rates have ha definitely 1 turned upward u ward While a L stiffening tendency Invariably sets seM sel In during the late summer and ana a 1111 I 1 early fall fail as surplus funds flow i ito to the Interior to finance the harvesting harvesting- of crops some Bome bankers belle believe It still la ha a little early for this movement High money rates rales are ordinarily regarded as u bullish on business but they Ire fre frequently have a restraining restraining- effect I on speculative operations In the tine stock market and are a reaction reaction- reactionary ary Influence on the price of or orI bonds particularly of or the high I grade Issues on a a. low yield basis basli |