No Extra Session Predicted

The 68th Congress can be called into special session at any time be fore the regular date for convening nine months hence. It rests with the President. But President Harding has allowed it to be understood that he will not convene the new Congress until December, and for three good reasons:

1. The President and Mr. Hughes can develop a foreign policy more easily without Congress than with.

2. The new Congress will generate new opposition to the President in both home and foreign affairs.

3. Business is happier when the Capitol is deserted. Legislation and rumors of legislation cause prices to fluctuate. Besides, Senators Borah, Johnson, Underwood are among those booking passage to Europe.