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Show Jincifl 1 snOUUKET htAed Show of Vigor That JBtfnns Lately-Growing 'FeeIfog of Confidence. ' m$M RESISTANCE Mt i DISCOURAGING NEWS iBilfc'dlj Large Demand Has . WL Waiting for Assurance 'Wf Basinets Readjustment. r-L voRK. March 31. The stock rNP J?av manifested a degroo of 0BLt rfroved of notable Influence in -KJffitatlve sentiment and in con-'" con-'" feeing of confidence. The t JR .tivfl- Is held accountablo for JBfLSn lot 'values nnd the reviving .E"P Interest. With stocks of-' of-' "iBfvtv resisuinco to news or dls----'? Mndltioiis In business day after iKoSn ae been forming that P u ; thr stock market, so far as && Pron p cd by such develop-'IRa develop-'IRa Sen concluded in tho period Rjulon that has passed. tff admittedly a largo demand. MlaUve and investment, which K3r Siting for an assuranco that kU on securities of iinfavorablo HlBSSi Seen measured. The action tlfcswk nwrkot. in view of some of "$ developments, may mark tho -KtIor i of depression und tho turn-Jm turn-Jm of Improvement -tiRr. development was the open cut &cs by the United Slates lKrwration. marking the abandon-- abandon-- doubtful policy of Ignoring !'- of demand by holding prices at Ki levels. While the new demand i.flEutd by the cut is reported mod-HiBrSt mod-HiBrSt advices In the last few days Jvt auch demand Is growing and Is -i-Kitd to expand materially with the JEjitratlon that bottom prices havo KrtSlproflUi that must result, from JKLj hooked at prevailing prices-, the SEio labor disputes from cutting of . the prospect of prolonged apathy MKrwhlle thp tariff bill is being JRl cot and all similar unfnvorablo HKtilltlcs are pointed out and have 'HKsttd persistent efforts by the boar JEtat In speculation to force down 3Bub the failure of these efforts, the B demand for stocks has become "'rtnt and fearful that opportunities .jRjwjins at cheaper prices might bo 4Kfctay from them. With the set-'HEut set-'HEut 0f trto Balkans question and the flKyr rclcue of banking facilities uBId from that cause and from the gJKjetlon of the April settlements, an-K an-K wrjod of extreme plentltude of t? supplies fccms assured, nnd 1 his is jKWlng- factor in the speculation. "Ttb! i wefck thai the cut in steel pro-i pro-i vKj ns announced, United States Steel ' jHit ill. after having sold the -week 4Htrt it about 53. Today's price touched JM recovery, compared with the 'Bace of the collapse, measures a rate KturnitIon that allows the natural itHk-K of that process, BH(jffl n-as a buyer of stocks on a 11b-'Bitilt 11b-'Bitilt during the day- The net earn-Hjtatements earn-Hjtatements for February of Southern Hc,&nd Union Pacific were followed ii'edvance In the former to a record Sflt, and in tlic latter (o the highest -Be touched since the stock was placed HtlOper cent dividend basis in August TKaujicement that tomorrow's cxplra-.Jfttf cxplra-.Jfttf the wage agreements would be JfflHiedby maintenance of mining opera-"tf opera-"tf BffNiJ received with satisfaction. The i fc -thof the day's market was not uni-lHrhdd, uni-lHrhdd, and the close itself was de- Hp ins"'rf ,ini!cr tlle influence of I 'qqq Tt-1 sales, par I jKiUd 'states 5s registered advanced i jjK New York Bouds. 1jSf2s reg.lOla'Intcr' Met -iss ... 7S 'wupon 1011 l"t Mcr ma 4is. 73i 'K-,STe? - -1011 Japan 4s 853 coupon ...101 do 4?s 03E flPf Kg ....119 do 2nd scr .. 93 JBf.coupon ...120i Kan C So. 1st 3s 741 jVBf-Cha gg..,, S3; Lake S deb 4s.. Pol iflBr.A? 5n ... 9DJTj & X uni 4s ...100 ? 48. 9SlSf K & T l3t 4s. 09J tjxnTob is .... -,sl Mo Pac 4s S3 J!53 , ...110" N' V C gen 3Js. 33 il-Klt"? 4a ....1002 do deb 4s M8 lK,S.Ll8l n5i,N Y c,t-v 4s ".His Is W8 INT XH & H 6s. 1341 l2Kf, 5 ... .lOSJi-Nor &. W 1st c 4s OS TLH'Une 1st is 97 do cv 4s 97fi jRiOhlo 45.100? Xor Pac 4s ....102 RSwl'is Sll'o'sirfdJr 4s'!! 952 HKl 84 pCn cv 3JS.1915. 9Gi 1st 6s. 1061 do on 4s 11)48 HtB? ?' VS. 08 ..10Q5Rcading sen 4s. 99t 5Kta 53 127,S L s W con 4s. 78! "W.1;0, ..105J' do 1st gold is. 94 'MVi1' - . C Sea Air Line 4s. SOS fKfSJt 4s, gg (South Pac c 4s. 91t lKfiV 3l8, 31R d0 lst roi ls-- MS K1J:Ipc43. 7SlSouth Ry 5s ...llli iK"tL D0 d0 een 4s .... 7S1 DBnIMfrs S2j Union Pac is ..102 miuAr E is- f,7il rl cv is 10GJ JHSluH ' 7Ji 0 lst & ' 09 JlMFiM! siu s Rubber 6s. 102S v tt 43s "i u S St 2nd 5s..l03 ;?yiJ! ?Y. 3-101 Va Car Chem 5s.l03i !2BS A01,1'1' 102iiVa Car Ch 5s 963 MHfJ1 g ... ailiWabash 1st 5s. .1124 rfH,ni'i: 76 do lst & ex 4s. 74R H i 4? 87j'West Md 4s .... S3s iKwi. V ' 7West El cv 5s... .OS 5KSrsA-' 72 Wis Cent 4b ... .943 04 ID & R G ref 5s. .94 Wtt i?f 0.13S C & O fg Ctfs os.102 JbWv Ncw York Mouey ! "Blli? Slarc "1-foncy on call. Jfclli i? J K2" c-et-' ruling rate and cloa- JiBni?rn.li"1,s.htly ctier; sixty days, JHWb "j "p,?ceU? daye' Z' pcr ccnt: Urnt Prlme ITierc'antlle paper, 3ig)l dBfel- exchange soft, -with actual Mteerri,!..!11 !f87'50 for demand. ,unment and railroad bonds ilrm. ?WcmJrcaairy Statement. fWNV Marcn ".-Today's AWl fund l',6 ,tre?s0' balances in tho (, ' exclusive of the $150,000,000 "MttU$ S1!1 col and bullion, "FLihlL-a'a certlrlcateB, $47.293. :;20. |