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Show Weekly Metal Review. NEW YORK. Aug. 9. Tense labor conditions, con-ditions, as indicated by the demands of the railway brotherhoods and strikes In various sections of tho country, together with the extension of the crusade against high living coats, -were the direct causes of, this week's convulsive reversal in the stock market. President Wilson's address to the national na-tional lawmakers proved a partial offset, however, the financial community expressing ex-pressing Its almost unqualified approval of the chief recommendations of the president, presi-dent, especially his stand against the radical labor leaders. Gross reactions of five to twenty-five 1 points throughout the active list and , among many dormant or obscure Issues were variably retrieved in the final ses- j alone of the week, and In a few isolated I cases recoveries extended beyond the j previous week's final quotations. 1 Aside from the many manifestations of; labor unrest, Industrial conditions were j almost altogether In the direction of in- ' creased production, as evinced not only in the July tonnage statement of the United States Steel corporation, but In the belief that the federal railroad administration ad-ministration must Boon come into tho market for equipment. In th broader field of finance and commerce, further criticism was heard over tho delay In connection with the foreign credit situation. The collapse of French exchange and continued weakness of rates on London and other important European centers have thus far prompted no remedial measures, although bankers have urged speedy action by" fiscal authorities au-thorities in London and Paris. |