The sun., 1916-01-17
FINANCIAL REVIEW
OF THE PAST WEEK
Wall Streets Problem Of Ac-
cOmmOdating a Growing
Mass of Securities.
POSITION OF THE MARKET

and tho volume and character of the
dealings. It Is OF prime Importance for
tho preservation and establishment OF
prosperity on n basis OF substantial
permanence that this market should be
in "A state of health and free alike from
the hectic feverishness OF aleatory en-
deavor and the sluggish inertia of a
congestion which has overtaxed the alb
sorptive capacity not only OF the
country's buying power but of its power
to borrow on collateral security, no mat
ter how ample credit facilities may be
for the expansion OF collateral loans
For some time past the stock market
has been In state of disorder. and
diagnosis would show that II has been
suffering both from the raNages OF
gambling frenzy In a numerous list or
Industrial epecialties and from con-
ditlon OF inchoate congestion because of
an III balanced distribution Of buying
power or borrowing power in relation
particularly to the increasing supply of
the general run Of railroad aud stand
ard Industrial shares There has been
an evident Impairment OF the technical
position of III" stock market but this
technical position IL nowadays ssri-
Gus matter because IL involves a. never
before a question Of our ability TO main
tain satisfactory financial adjustments 20
the abnormal economic conditions which
the Europcau war has generated and 10
all the normal and abnormal Influences
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