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Show CHEERFULNESS PREVAILS IN WALL STREET CIRCLES Some Signs of a Return of Speculative Activity on the FI001 of the Stock Exchange. 1 By BROAD Ah WALL. By International Iews Serv ce NEW YORK. Deo 30 CI eerftdness prevailed n Wal street todaj although th 3 sentiment ias no altogether ap prec ated by the members of e stock exchange -who hand ed the ema lest day s business for a five hou "s aes& on for the last t enty s x years. The los es of 1314 are- now a matter of 1 story Cne of the most en ouragring feat res for the future s the first out ward fi gn of preparat ons for a return of specu ative activity on the floor Some of the large Interests have been in consu tation preparing plans for move ments n their specialt es and a quicken nt? of pub c Interest by an advance in rrsrket quotat ons Tl is Is the first time n many months that any concerted movement to advance prices has been Ber ous y cons dered Th s advan e Is un derstood to ho sated to start early in January Views of Financier Aji offic al of a large financial inatl tut o l said I cons der conditions ripe for more action and a 1 gher stock market In estors have c eared up all of regu ars of h gh grade short term notes and the demand for bonds of the older Issues is greater than the supply New is ues can only be broug t out when support is given to t e better c ass of stock Money cond t ons have never been more favorable Four months loans are of fered to stock brokers at 83 per cent. 50 per cent of the collateral to be rail roads and 60 per cent Industrials Brokers were further encouraged by a renewal of the rumor that Governor Whitman will take early steps to abo sh the state tax of $2 on stock sales. Steel Holds Steady I Fluctuations were un mpo tant oda Steel he d steady at 49 and other ead ng issues moved only f act ona y West ern Maryland lost 2 po nts on the an nouncement that interest on the notes due January 1 wou d be deferred It Is understood tl at inside interests propose to reorgan ze the j roperty ssuin one mortgage on the railroad and on the oai properties (which are considered ery aluable) and the third on the ter minals This reorganization it is be 1 eved, will bo carried out without ca 1 ing upon the etockho ders for furt er contribut ons as assessn ents are some I I meB called It Is reca ed that blocks j of the e securities were placed n Berlin -nhere large a nounts are et I 1 eld Bonds Are Dull Bonds are a most as dull as stocks Rock Island issues reco e ed rather sharply and the Investment demand for , Conso da ed Gas has held the price j around 109J Western Maryland dropped from 5 i to 67 while Fr sco 4s rose to 63 an advance of 4 po nts f om tl e re cent low Boston 1 ouses were buyers of Amer can Te epbone & Te egraph con vertible 4Js at advancing figures Speculative o dings of se ru t es n the financial d strict are w out doubt the sma est ever known and proles s o a t ad ng can be accurately meas ured by the volume of today s bus ness, the smallest since 18S8 These are two Important factors as a bas s for improve ment |