Show I I FINANCIAL REVIEW OF THE PAST WEEK New York July Juh appear appearance i ance of intermingled strength and weakness in the market last I 1 week kept the tone confused and had hadi i the oct of causing some suspicion of at atthe the position The course of oC the tho speculation hinged largely an technical consIderations the news ot of still showing improvement In what makes for prosperity The stock market Itself was not free freo from mom signs of straIn from rom prolonged advance and from rom the tho effort of main raining pries prIces at the high level leol that was The Tho action of United States steel was an ln In maintaining maintaining this position o TIme Tho price Caled to lo man mantan mantan tan the tho high level of n 73 at atthe the tho end of the week although the lie advance In Union Pacific for a alme time to sustain that stock anti and the he Union aral and United States Steel shared lIet between thom the tho dominating on time the whole mar market ket The Tho assumption had grown In stoc stock maket market that lint the lie dead on Stale States steel would be I Increased on Tuesday or of this week This was fostered principally b by lie tho price to the stock had been heen carried In Iii the market Reports of the earing earnings for th tIme past quarter were highly favorable and the feeling In the trade trado was cheerful anti and highly highl confident While has veered from the UIO dividend Inu inti once ence the he market t price of lie tho stock on 1 account o of leaving the hue dividend un unchanged unchanged changed a l subject of con The tel ci of th the labors fO fot tariff re revision revision vision wH marl mark a that has been look looked d forward to wih with ton ion Sn In every branch of trade try finance and speculatIon This longtime calculation leaves little that an any sudden anti and prescriptive acton actIon or any violent ef eC effects wll will lie ho produced hy by the actual culmination of the event In tho steel trade the hea heavy orders booked have brought price advances and an expansion In time tho rate of Iron productIon that approaches the lie cOln coun tr s record The copper field neld last week saw some price which a quickening or of a for From the circles of mercantile trade in imi general generl ad advices advices vices indicate that lint there has been a disposition to await the actual enactS mont ment or of the he tari tariff law to on any large ventures lii In the field of mone market th e enro are signs or of a stirring of activity Mercantile paper Is not yet in Iii largo large supply but hankers are in elined to hold out for discount rates In buyIng It it TIme time money mone also gives evidence of the th coming in the marking up of rates for the longer periods carrying over the tho end of oC the year The Tho continued confidence over the crop outlook adds to the promise i if In increasing creasing demands for fa I banking facilE acI Ue ties The heavy outgoing gold to South America is haying some effect In restricting supplies and the fal fall In iii Interior exchanges On n New York mar markets marks the nc of the te stream or of relief from rota that direction The Tue sustained ea ease e of jr situation is strikingly striking by br the fact that hanks have nI ren roads y returned to the treas urr itry the tho greater part art of the Instalment of of oC called for Cor 15 |