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Show siD MOVEMENT IN af WALL STREET GOES ON m r 0f Strength More Impressive Than at m beginning of Week; Trade and jViM Financial Review. . -,, 13. Tlie demand A jRh. cepJ:.Ji today and tho ' V'movcment was con- , Bi?!j1,rf manner. It .was an intUKfU -Pi active market for a SShSfln of strength was ,t than on the earlier days ItoKejrt'J m-irkct was no longer WcKreWp of Union . Ket 3?D l.n advance ed to the 3yKVi Union Pacific nm?n to A. 't w,is oi,t- VfBSK particularly ;BaJn,2ncc In tlmt stock of Wif It th chief feature for a 3W I Pacific In which for- - S?1. Sen large recently. ;-tft; ..73 nolnts. Many other JISSUnslnB from 1 to Explanations. .mlanatlona of the rise wcro . S Ton the Improvement In ."Uliicss. the ending of -iLmintr tho crops and the uppo cd inclination of Jle interests which have 3 to initiate a bull eam-t eam-t reviews of trade were polntlns to a more optimistic fJS&T&r little Hriit unr situation except to n-8 n-8 wpected drain in the inert in-ert yd set In. 2 conditions in the securities ?:ovd this week. Passage of Sll by the senate removed un-r un-r that score. The drought in tho southwest was broken. Tissle reports re-ports In many cases were cheerful. The Investment demand was , better. In the stock market, after an uncertain and checkered movement ln the fore part of th week, a comprehensive and active : advance set in, which developed- to striking strik-ing proportions In many wises. The advance wus fostered by various Incidental developments. An example was the rumor or an Intended extra distribution dis-tribution to Union Pacific stockholders out of tho proceeds of tire Southern Pacific Pa-cific sale. Tho sag ln prices preceding publication of0 the government crop report and the hardening afterwards wns an example of how corn crop damage had been ills-counted ills-counted ln the previous action of market. mar-ket. Bumper Wheat Crop. There was the further consideration that the promise of a bumper wheat crop offset the effect of the corn showing. Then there were reports of soaking rains ln tho recent drought district. The influence in-fluence of the corn and cotton damage Is modified by the largo reserves from the preceding year's crops and by the high ruling prices. Current consumption of steel products Is maintained and the rato of decrease in new orders Is lessening, ns shown by the United Slates Steel corporation's statement state-ment of unfilled orders. The Copper Producers' Pro-ducers' report disclosed the smallest surplus sur-plus of refined copper In years. Tho seasonal movement of currency from the reserve centers to the agricultural agricul-tural Interior threatens to supply a natural nat-ural check to the speculative use of funds. Interior demands on New York for cash at this season usually run from $7.0,000,000 to $75,000,000, and the movement move-ment has barely begun. Discount rates are hardening abroad,, although the banking position continues almost un-precedentedly un-precedentedly strong. |