Show 7 To Tn atch W RECOVERY fROM STOCK MARKET MARKH LULL nf UlAH Weakness in Commodity y Prices Clouds Business Busi Busi- Business ness Picture CONFIDENCE SHOWN Washington's s Birthday Is Observed on Marts Leading security And nd commodity markets throughout the tho United States were closed Saturday in ob observance ob servance of Washington's birthday birthday Among the exchanges recessing fol following following following fol fol- lowing Fridays Friday's sessions until Monday Mon day morning were the New York stock exchange and curb market the Chicago exchange and tho Salt Lake Laka stock and mining exchange Banks and financial in institutions likewise were closed Most of the tho livestock and produce markets re remained reo re open as usual NEW EW YORK Feb 22 UP UP- UP Weakness 1 In commodity prices I particularly wheat and cotton has Ims tender tended to cloud the s picture during tho past week nn and improvement improve improve- improvement ment from the midwinter lull has bc been n more irregular With Uh both wheat and cotton colton fu future futuro futuro fu fu- turo ture prices selling at new low levels for tho the season some somo apprehension has developed clop d over the tho maintenance of oC farm purchasing power Stcl Stel production has continued its climb with wilh tho the steel corporation at 56 per PCP cent o or of capacity but steel Authorities l admit that the tho upswing has lost momentum Ins Ins- tho the mixed aspect of or the tho business f situation a feeling o ot of confidence is in iii evidence in most centers In view of or tho substantial character of or tho the reco el recovery from the the- midwinter slump it is anI only natural to expect a a. period of oC consolidation at a t this time Large construction projects aro waltin walling waiting tho the a advent 1 ot or spring and fears of or a a. secondary stock toek market break have havo been ef effectively cr- cr dissipated Stocks were somewhat unset unsettled tIed by tho the weakness of or commodities but it was felt that a technical re readjustment readjustment re- re adjustment was duo due in tho tim stock market following tho sharp rise iise since since- the start of or tho the year ear Stock prices this week reached new now highs since the tho November break The The- stability of oC the business situation situation situ situ- a Uon was Indicated b by remarks of oC Julius 11 it Barnes Dames chairman of oC the tho national business survey conference confer confer- conference ence who stated that the danger of ot ofa ota a long IonS depression ion is apparently fairly over o Conditions In tho the oil industry have C shown hown signs of or Improvement |