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Show UfiDrRTOM OP CONFIDENCE ! ' 18 INDICATED IN MARKET j : J Early Relaxation of Existing Conditions Seems to j Be General View of Trading in Steel J Strike Situation. I i NF.W VOliR, Soot. '24. The steel Minkf w;is Hfisin 1 lie engross nr.; ii reject of discussion in the financial district tod;iy, but the undertone of t ho stock market suppested confidence in ;iu early relax.-i t itm of exist ing ootid it lous. Fragmentary ad vie s f rom stool and iron centers cen-ters were roooivod n it li proat'T interest, but intimations of a jn'ssible armistice, pending federal fed-eral intervention, lacked mipp.-rt Id wtll-iu-f or mod trnde ami f In a no hi I circles. Steels :md the ninny eiiiiipni-MH s comprehend -Ir.p that class of stocks dc eloped irregular s: renct li. but poo! were les- no; ve in oils a nd motors, iho-io issues! h.-inp supplanted by tobacco and food slifi res. ;it va ria hie pains. Mot a Is cuit inuod to react on t ho increased wen kn ess sliuw n by American Sine I ting. . h.ieh ox Tend, -d esierwfl y 's los by an e t r 011:0 of 3r points en rumors of poor earning ami probable downward revision of dividend disburse men. Top ether with he low or q 1101 at ions for refined copper. Pealing1 in rails were confusing. Canadian Pa cific and sTera oilier recognized investment shares yielding to moderate pressure. while secondnry or low-priced issues were again firm to strong. I Shippin.es had n brief period of comparative j strength and activity, but reactions of t ho last hour, which affected all but the tobacco?, motor -specialties a!:i sugar... redncd many advances. including T'nited States Steel, which forfeited ; half of its two-point pain. Sales amounted to ! lAV0Aon shares. j 1 rail lor.ns h-Md m the one rate. R per cent, j, 1 throuphont the S":en. anil time funds ruled at i; .V1, to li per ceut. with increased buying of commercial paper by interior hanks. , The activity and strenpt li of Liberty bonds : confirm ed repor; s of a w ldi-r d em and by banks ! ntid investment houses. Foreign bonds also ; hardened, but the general domes; ie Hsi i;is Irreg.ilr.r. Salop, par value, r.ggregated $1(3.- ' 0o. Oud. j ! Old t'nited States bonds vcere unchanged on ! eull. |