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Show BUSINESS BOOM IS REDFIELDFQRECAST j. A. ITocrle & Co., 1G9 South MuVn street, yesterday received tlie following digest of financial news over their pri vate wires: Twenty rails, SI. 01, off .12; twenty, industrials. in-dustrials. S7.S7, off .o-l. New York Stock Letter The steel stocks displayed improving tendencies today to-day and the character of the buying was most impressive. The action of tlie market mar-ket late today gave indications that many specialties that have been foremost fore-most In the recent advance were being liquidated and another group of stocks that have been neglected were being absorbed. ab-sorbed. We believe that doings of the future will be more favorable and should be reflected in hardening tendencies. New York Times The financial requirements re-quirements of the railroads in the current cur-rent year, based on proposals made by the director general of railroads and estimates esti-mates of average monthly net income, are placed in some quarters as high as 51,200,000,000. The activity of General Motors was explained yesterday. The company wants to retire its preferred and, as the preferred pre-ferred is, exchangeable for debenture stock,' it seemed to the insiders that the best way Is to let the preferred be dormant dor-mant and make a good market for the debentures. Food stocks are attracting buyers and the activity causes sharp advances, as was proved in the case of National Biscuit. Bis-cuit. Secretary of Commerce Redfield sees great business boom throughout tlie United States in near future and declares unemplovment will end in two months. Wall Street Journal It is the consensus con-sensus of opinion in the financial district that the public buying movement in stocks has not been halted. Gossip in the market is that a deal is on between General Motors. Maxwell and Chalmers. The market for Maxwell shares has been firm to strong, but the buying thus far has not suggested a deal of the character mentioned. San Francisco wires Assays across entire en-tire face of southeast drift on lower level of Tonopah Divide run $20.7.50. This ore Is making toward gold zone. At a meeting meet-ing of the directors of the United Cigar Stores it was voted to call a special meeting meet-ing of the stockholders. April 11, to authorize au-thorize Increase of its common-share capitalization capi-talization from thirty million to sixty million dollars. United Verde Extension declared dividend of '50 cents. Arguments are being heard today in proceedings of Minerals Separation company com-pany to restrain Butte & Superior from infringing on its patented process. After the morning steel conference Mr. Gary said there was nothing definite to report. |