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Show II p RECOVERY III SWMAflKET r&eoiilators Seem Entirely Un-' Un-' ifblc to Account for Sudden j Changes in Sentiment. 18l FEARFUL OF RAILROAD INVESTIGATION RESULTS it Highly Favorable Reports of i Iron and Steel Trade an Element of Strength. NEW YORK, Feb. 2S. There wan as I an nbrupL a reversal of sentiment from 1 that of yesterday in the stock market today as there was on Tuesday from that , of Monday. Today's sharp recoveries placed prices quite generally on a level & with the best prices touched in the re-it re-it covery on Tuesday. The complete un- certainty of the speculative sentiment is clearlv defined In these numerous and ' abrupt changes in tho course of prices. 0 Today's recovery was as little account- ! el for" by any news developments as h have been the othor movements of the ?, week. Several items of news that might ?, have received a discouraging lntepreta-n, lntepreta-n, Uon were Ignored. An important part 1 would be allowed naturally to tho cov-I cov-I e ering operations of the bears in working ' a Tally after so considerable a decline as f '. has occurred. Thero was besides, an ' i appearance of support for the market I i and of accumulation for Important ac-j ac-j v counts. J Some Influence was attributed to tho Z v adjournment of tho Interstate Commerce 1 commission's hearing In this city. Opln-j Opln-j ', Ion6 In the Wall street district of tho ' s bad effects on securities threatened as a I k result of that hearing wero not altered, but rather emphasized by the later il phases of the Investigation. It is therc- 1 fore believed to be impossible that tho V wldespiead publicity given to tho heai-J heai-J lug shall not awaken some distrust upon it the part of Investors and ordinary hold-' hold-' ei? of securities ii i Commission houses profess a eonvlc-L" eonvlc-L" tion that the publlr cannot be Induced 'i to buy stocks while these revelations 1 are fresh In mind. It Is feared also that m chances of enlisting foreign capital In Issues of American securities will be de-fc; de-fc; cldedly impaired by the distrust aroused 3 by the results of the investigation. Re- porls were published of a widespread . Ftrlko threatened among rhllroad em- ployces In the West and Northwest, but this seems to be ignored. t ;Ulinportanco was given the hlghly-fav-1 IBlc reports from the iron and steel 'J fvade and the great confidence expressed U by authorities in that trado of the a Foupdness of tho conditions existing. The ' head of the United Stntes steel corpora- tion affirmed that new orders were In ' excess of those coming In at this time 5 Inst year, although showing some re-j re-j cession from last quarter's average. This h sustained condition in that' trade is cal-J cal-J 5 ciliated to go .far in quieting tho nppre-j nppre-j J4 liensions of a contraction In general ousl--. i noss owing to tho great reliance placed upon the Iron trade as an index of busl- I I nes conditions as a whole. Ji Money was firmer today, both on call . and on Mine. There was supposed to bo i )! some calling of loans going on in prepara-' prepara-' 1 Hon for the March settlements, which . Xi will be unusunlly large. The Bank of I ! England's weekly return indicated that it in still In control of the London money inarlset. Discounts were, easier In Berlin. The Bank of France return was weak, but sterling exchange In Paris rose. The profit-taking in the final hour was all absorbed and the market closed strong and active. Bonds were Irregular. Total sales, par value, ?UG2,000. New York Bouds. IIS ref 2s reg..l0o UP Gs 2nd ser. CWE 3 t H .ref 2s cou..l05iUap .jf, ctfs g3J -1 I it 2s re ....103illnP 4is ctfs.... ooa ! t ire 3?,c?u 1035 0 -d s S9J5 ! J H g od 4s reg.lOOS U & "nl 4s..l003 i I ti I oIfl Is cou.lOti ?Trnn c sold -Is. 100 US new 4s reg.129 Mux Cej" 4s.... SSI A , 5 new 4s con. ln do 1st Inc .... mq I A i'nlob 74 Mln & St L -Is 03g j & AntfTob Cs ..,iooi M', K T 'a.. 974 I AA&''W 4 OH lNRR of M c 4s. sea I Allahtic C L -Is. 0S N V C gon 31s! 2S ' inert Is. 101 J J? Ken 5s..l25S , O 3Jb... , .nog Nor Pacific 4s., 10 Brook It T cv;4s S72 A" 3s 71 ; Cent of Geo Ss.lio N & W con -Is.. 98 r 'P 1st Inc.. 90 OS L rfdg 4s . 92J J !, o 2nd Inc.. 74 cv 3s... sr, i do 3rd inc... G2 'Read gen 4s ... 97i i ;''s O 4Js..l0n StL&IM con 5s. 113 j 3is 7-i tL&SF fg -Is... 87 V n'ilrcH, new 4- f43 &t L Sw con is. 77 J V C.RI&PH 43 .... 74i i Sea -'Mr Lino 4s. 792 i I rpnA?,'r5s "V 80 So pacific 4s ... 804 I n , 'S,trj B JsUOU 'lo 1st Is ctf. 912 3 ' n , n.1 Ss s A- fliig! South Ry 5s 110J I f h. JIId. 's - 71 J! Tex & Pac lsts.U7H 3 J A l & 8011111 'Is- fl 'To StL&W 4s. Sla 5s 103Ji Union Pac 4s ..101 m'i R.' 0 'ls f'U 5 Steel 2d 5s 9SE Ll S1 Set' 5s SS .Wabash lsts ..1114 Mi Eric p )cn 4s., 974 Wabash Dob B. 7J. m a Lrie gen 4s 85 Western Md 4s 87 mt ock Val "Ss .. 10-111 Wh & L 13 4s.. 87 Japan 6s .... 099 1 Wis Cent Is.... S7 hvfl t New York Money. & , NEW YORK, Feb. 2S, Close: Prime -jM t jnercantllc paper. oG per cent: sterl-J sterl-J Jng exchange steady, with actual business Jlf I m bankers' bills at S4.84.C54.84.70 for M V nemand and at ?-1.80.35(0'-1.80.40 for sixty-MSl sixty-MSl Posted rates. S4.S0J and 31 i Commercial bills, $4.S0?i4.S0S. II ar silver. C9ic: Mexican dollars. 531c. II lar ovenuiient and railroad bonds lrrcgu- 1 ?1'Ioney n call, firm, n.G per cent: rul-iny rul-iny rate-. 5 per cent; closing bid, 5 per J& 9 C55,: offercd at 5J per cent wBn loans dull: 60 Iay3 anfl 90 days, &j5? per cent: six months, 54 per cent. SI I Treasury Statement. SJIlAyASI"SGTONf Feb. 2S. Todav'n j3 "Matoment of the ireasuiy bnlauces "in m 1 le general fund shows: JST Avallablo cash balance 52;"0,77S.G0I df old 1 coin and bullion 115.043.105 m uold certificates 43,061,280 m Iron Age Review. sM;iJ?W YRK Fcb- 28.The Iron Age i nWa ir5 fflr, as lllc "Nlslwsd branches or the Oilll hl.nml .8le,cl JndtiBtrj' Is concerned, ?6 ml mJinSSt8 fe. (lev ?pIne m a satisfactory sr,"l mr,.,Tll mll,K are ful1 ot work, anil v0n ara. -'""lns- in steadily. Sl h.nV K th.e nrat ,hroe weeks of the cur- i lftr,ni.1Mluh l,,e n6w orders for ono of the 1m -Sm,.st n,t"ufaPluvors lm-e com in at a tto iLrar!J5iW,I,ch .Is r)?lcnn,y 9vtivalcnt S 10 llio full capacity of the plants. 'I : vt's,ale,01 5n-000 tons of steel rails to the ' 1 l,Lneu ,,rlan railroad some weeks ago M l,?BiJecn ollowoa Jy conlracls for 9 rrJLfliW vi'0l amounting to 8G0O tons. 3 Ti,Vm plc lro.n '"arkets arc featureless. lifft bv w'.i niarlict are controlled entirely -MU tinS1 "nrt toninormy conditions, witii m fl'rZ, "Py .toward a lowering of prices. iljlthe n e. ,a BOOI deal of tonnage due 'M P P contracts. Minneapolis Wheat. M YxtfS IN15APOLLS. Feb. 2S ' Close-Koh0tl!v' Close-Koh0tl!v' "Wic; July. 80c. Cash; lIHUnd No'V01'1 llc to 2c over May Wl f - Northern about May price. , Liverpool Wheat. yffilarehB b.P9?,V vi''oh' ,28--Close: Wheat. awfflR- TifP' ,bB S-Wi-May. On nid: July. 2Cd. ft'oSl Whnr ," England today was |