Show RAIL RALLY TAKES N Y MARKET HIGHER Increase Comes in Time t tc to Prevent Loss From Profit Taking i NEW V Y YORK RI RK June 26 A 26 A railroad issues Jerked ad a advance ce In the the stock market up quickly in th the late trading Friday as it was beginning beginning beginning be be- ginning to o give way to week enc taking profit sales alc The list closed with gains of 2 to 7 points in leadIng lead lead- lug Ing issues Trading was less le excited than in ir inthe in inthe 1 and turned the pa past two sessions extremely pat dull dul for a time as a aVal Wall Vat WallStreet Val Street waited for news of ot the deate de de debate debate bate ate on the war waL debt debt plan in the thc The French chamber of 01 deputies deputes swift upturn in the rails raUs was wa accompanied swit panted by a rumor that the inter interstate int- int commerce commission would state immediately grant half hat the 15 percent per percent cent blanket freight fright rate increase sought but this was wa denied Just just as thi sought the market closed The Tho To days day's turnover turnover turnover turn turn- over was around shares share compared wa to t yesterday t and on Wednesday NUMEROUS GAINS G Gains of ab aMut ut 5 to 7 points point were recorded Gais by New York Central Union Pacific Rock Island Iland Baltimore Ohio Atchison Rk New Haven Youngstown Youngstown Youngs- Youngs town Sheet Tube Tub and Case Cae Advances Advances Ad Ad- vances tow of 2 to 4 appeared in U. U S. S Steel Bethlehem Betlehem t American Can American Telephone American Foreign Power Missouri Pacific Pacific Pennsylvania Pennsylva Pennsylva- Erie Eric Southern nia Republic Steel Westinghouse Eaton Axle and others Steels Stel were Eatn stimulated by renewed rumors of settlement of ot the tho Bethlehem- Bethlehem Youngstown merger dispute Commodity prices continued to work higher in the main Bradstreets Bradstreet's Bradstreets Bradstreets Bradstreet's Brad- Brad streets street's work weekly food fo index recorded 2 Some the toe first advance since April observers it express the opinion that prices prIc hold the key to t recovery and arid that an upturn sustained for any length that of time will wl bring a flood fod of buying as a depleted inventories are a replenished and idle investment funds at last lat seek seck employment The boric bond continued to work higher The Te Taiwan Formosa Formosa For For- mosa electric power Issue the first loreign moa issue excepting Canadian to tobe tobe tobe be offered publicly in this thi market in jn n a year va was quickly taken taken by re retailers retailers re- re and international bankers banker tiers held high hopes hop that it might mark the return of the normal functionIng functionIng function function- Ing of Wall VaU Street as a world capital market market GOLD INCREASES INCREASES' The weekly statements showed another another another an an- other Te gain in the nations nation's naton's monetary gold goldstock stock tk o of or to t a n nw new w record total total total-of of This Ti is i roughly one halt one hat of the worlds world's wolds wold's monetary gold and several economists mists mit feel that the United States state must mut find means mean of at making this thi enormous enormous' hoard useful to the rest ret of the world word if i world economic conditions con con- are ae to t be restored The Te weekly mercantile reviews stressed the stimulating effects of ofte the te proposal upon pon commodity commod ity markets market and ad indicated that re retail re- re taU tall trade trae was wa well wel maintained with warm weather weather helping the movement of vacation vaton goods go Little Lite aggregate change in i general generl trade tade was wa noted however Credit conditions at the end of the week were slightly easier ealer with wih some sonic call caU money offered below the official rate of 1 1 2 1 2 per cent The weekly bank statements pr showed that the federal reserve rere system still was wa maintaining its aggressive easy cay money policy by purchasing bills bis and government securities |