OCR Text |
Show BUSISS ' Politics Plays a Part in the World of Finance New York.Aug 27. Stocks wero ' again reactionary this week, with, somo slight recoveries from lowest prices. - The trading continued moderate mod-erate and highly professional. Poll-tics Poll-tics were still a factor, the situation In this state and the west giving rlso to much speculation as to the outcome. out-come. Forecasts of the early con-gTeeslonal con-gTeeslonal elections in New Pnglund uro not encouraging to the dominant party. The week witnessed a further stiffening stif-fening of the monetary situation at home and abroad. Tho drain on locil financial institutions presaged the preparations now making for crop moving while tho advance In discounts at London resulted not only from the Inquiry for fund to be used at that center, but from the continent ixs well. I Crop prospects continued favorable, although corn ln the northwest received re-ceived some check by recent frosts. Goneral trade conditions are little changed, the dullness of the past few weeks belni; most marked ln Iron and . at eel. Textle conditions show no lni- mediate siens of revival, further re- I&trlctlori 01" operation being ordered at New England and southern mills. |