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Show STOCKS RESUME ADVANCE AS EUROPEAN WAR FEARS EA0I LEADERS RALLY 1 TO 3 fg::it3 casseammessspeninp ' ? By VICTOR EUBANK Associated Prase Financial Editor NEW YORK, March 21 UFV European war fears lossensd somewhat some-what in world markets Tuesday and securities regained n portion of their recent declines. ' Traders In New York took their cue from a buying move that got under way earlier at London, Paris and Amsterdam and leading Issues were pushed up 1 to ( points. The going was slow from the start, ' however, ' and light profit taking cut down top marks here and there at the close. , Transfers approximated 700,000 shares. Aside from the fairly widespread belief an outbreak of hostilities involving in-volving the so-called democratic and totalitarian nations was hardly likely at the present Urns, speculative specula-tive forces had nothing much to go on In the way of especially stimulating stimu-lating developments on the business front or at Washington. Note Was Discounted Publication of the state department's depart-ment's note to Germany stating the United States "does not recognixo chat any legal bases exists" for tne establishment of a German protectorate protec-torate over Bohemia and Moravia had been pretty well discounted by Undersecretary ef State Sumner Welles condsmnatory statement last Friday. Wheat futures broke tn the forenoon fore-noon on the waning of war appro-hen appro-hen Ion, but recovered later and finished off only to 0-1 ef a cent a bushel at Chicago. Corn was un changed to down . Cotton, in lata transactions, was off M to 49 oents a bale. Burling and ths French frana ware unchanged near midaftsrnoon, the former at $4.64 4 and ths Utter at M ls-ls. American Tele pb one, among stocks, Jumped more than (at the bast, and Improvement was ahowa by U. a Steel, Bethlehem, Chrysler, General Motors, Montgomery Ward, Douglas Aircraft, Boeing, Consolidated Consoli-dated Edison, Anaconda, Westing;, house, Du Pont, Eastman KodaK. U. & Gypsum, Philip Morris, Santa. Fi. Chesapeake ek Ohio and Standard Stan-dard Oil of N.J. Bonds Stage Bally TJ, & governments and rail loan pointed the way for a rising jaunt la the bond departmsnt. Aviations turned fh the beat advances ad-vances In the curb. "Up as much a a point or so were Lockheed, Grumman Grum-man Aircraft, Bell Aircraft, American Amer-ican Oas and Electric Bond At Share. Some analysts, watching ths overuse over-use picture, auggsstsd that repeated re-peated shocks from foreign fields were likely to result In dwindling effect marketwiss. It was remembered remem-bered that sharp rallies usually have followed prevloue war scares. ' Announcement that Germany's1 Field Marshal Goering W4U return-Ins; return-Ins; to Italy brought the thought that, If ths retch expected any km-' mediate military crisis, he would have remained at home. War Feevr Fees Whilo It wtat mbfwd, in 6cannlng; tb h6dJint, that Mgrnal xniht mov bstck into Grmnyt suid cUdth btirMn Hunfary and Ru-mavni Ru-mavni wm tfareaUnsxl; that th "stop Hitter" mov6 mlht b t6mral by th relucUoc ot Russia Rus-sia to get aboard, and that Italy1 mlrht com out any day with a' blast at Franc. th$ reeling In financial finan-cial circles 66 mod to b that no real outbreak -would eventuate at the moment Few, however, would make long-term gueaaes. Market observers derived some' comfort from indications last waek's -freight loadlngSf based on aarly roportlng roada, were up mora than ' seaaonalV to a new high for the-year the-year of around 600,000 cars. i Helpful wera figures of the fed-era! fed-era! laeerve member banks diacioa. f intg another Jump in cornmerciai, ( industrial and agricultural loans. . For the week ended March 15, this barometer was up $21,000,000. . In addition, debits to individual accounts, as reported by banks in. the principal cities for the same week, wero up per cent over th preceding week and $ per cent , above the agffrecste for the oorre- $ aponding week in 1938. , |