Show WAll MIL STREET STRUT CONFIDENT THE ERA I OF RITY TY IS COMING UP UPi Evidence of Business Improvement in All Directions Unfortunately It Has Been Discounted by Speculators New ew York May 18 16 A feeling of conui conCi confidence dence defoe over the progress of business and industrial development prevailed d In the financial community last week That vents events t were shaping toward a resumption i of or prosperity was waa the t e general conviction n Evidences of business improvement earn came from trem practically all directions Special Special Special I cial importance was wa attached to the ad advices advices advices vices from the metal trades April AvrIl sta eta statistics statistics of the Copper Producers association tion showed that the deliveries had taken care of all but less than Utah a million pounds of the months production while the rate of production was fully full retained over that of the previous months Reports of continued heavy selling of oC refined copper promised a II turn in the accumulation of surplus stocks of copper which has line been going on for or months and depressing the tite market and the outlook for that metal I Had Been Anticipated It was significant of ot the speculative condition in the stock market marlet that the copper securities themselves sold off on the publication of Tf C this encouraging ex exhibit e hibit owing to the large buying of those stocks which had been done In anticipation tion of this showing and accompanied 3 moreover by b exaggerated reports of the improvement to be shown I Influences from abroad were favorable the lead leall market taking encouragement I from the large luge applications for or the Lon Len don council leans nl and IlInd nd embarking on an animated speculation in Kaffir mining stocks st Jg The Tho of tt tIte te e strUtS strike I of 01 i I deuce dears de of control of Or i ml fl Sr Ute the quieted a that Ii sm l later ister events might ml bt grow out of f that die dis disturbance turballe The Th stock market of tim tile week was wall hal ani animated nl mated and made an occasional show of added strength Rise in The supplied the sensational fea feature ea ture of the market and gave Cave It the most moat of it i semblance of buoyancy and strength The spectacular rise in this I group TV was as unaccounted to by any aty actual happening but by b abundant rumors al ai alleging a project near maturity to dl ap appropriate the COfI rs and to distribute the proceeds to stockholders of oC the railroads Loans of the New York clearing house huse e ebanks banks are close clOIe to the highest figures in inthe Inthe Inthe the history of the institution Mercantile demands for banking facilities are grow growing growIng growing ing and great corporation loans are to be provided ed for Tenders Tender of money mon for fixed periods are raising Interest rates In an anticipation anticipation of the overweighing of oC future demands measured to the tue supply Diversion of oC money for such needs would result In prompt withdrawals from Crom employment for speculation and might force Cor selling of stocks |