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Show Weekly Financial Review. KKW TORIC, ' Dee. CO. Specific rca-ponrs rca-ponrs for -the more hopeful feeling manifested mani-fested in stock market circles this week were furnished chiefly by t he rally in foreign exrhantte and Ki'pater monetary ease than was expected at this period ol tho year. Keeovery In exchange, notably the p.rlt-ish p.rlt-ish rate, was not due to any definite forward for-ward step in the internailonal credit situation, situ-ation, but rat nor to a logical rebound from ncute and unreasoning pressure. Relaxation in the money market aain applied only to daily or call loans. Time funds remained firm at recent quotations. quota-tions. Tho mast impressive feature of tho local lo-cal financial situation was the Fhirtim; of hug-Q sums to meet income tax returns re-turns and other federal requir-'menLs, nr-complli-hed with scarcely a ripple of the money market. T"n advance In stocks late in the week W.s ascribed less to actual demand Iran to tardy recognition by the shorts that tho floating supply of popuiar issues had steadily diminished. Another factor which arce'er-n ted thf rise was the increased inquiry icr steel and iron products. Improvement in copper and kindred metal shares also proceeded from br-t ter trade conditions, accompanied by Jabber prices, while the advance in oils, moiors and affiliated tsaues was reminiscent at timas of the October-Nov ember boom. |