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Show REPORTS SHOW SLOW REVIVAL III BUSINESS Trading Is Light on New York Exchange and Price Movements Nill NEW TORK, Feb. II. Trading In the stork market thle week dwindled to itndcr dimension, the (urnawr for Ihe five full suasions belnr the lightest for any corresponding corre-sponding period In almost half a yr. Price improvement wer. of a piece with these tatrnant condition), only a few of the speculative- favorites rwnverlng more than nomlnar ensnares.- Investment rail were altnowt entirely neglected, but developed moderate heaviness later on ths refusal of the United Htates railway labor board to I reduce wages. Similar conditions prevailed In th bond market, many old tlma or prewar , Issues I canceling- moch if not all of their reeent tains, whtla moat of ths new underwriting. (Including ids Pennsylvania railroad fell I below their subscription prtcsa I Murfacewise, ths money market was easier, but this ostensible relamation applied only to rail or demand loams. Rates for tlma money rsmalned firm, thereby confirming confirm-ing ths opinion of well informed banking interests in-terests that ne perceptible chants la prob- able In ths year's first quarter. Foreign exchange waa again subjected to ths bewildering cross currents reiuMtng from latest aspects of the Oermsn Indent-nlty Indent-nlty agrement. British exchange approximated approx-imated Its recent high level, but taking International In-ternational remittances aa a whole, little progress towards stability waa msds. Railroad returns anil the tonnags and financial fi-nancial statements of compantea engaged, lin important tinea of manufacture testify that business and Industry are reviving slowly slow-ly and unevely. These codltlos were mm-nllfied mm-nllfied fn the smaller earnings of transport- tton systems snd renured bookings vt ths United Ktatea Steel corporation. Uenarel Industrial conditions eonnneed to be r-verned ey a rewleloe of eommortlty prices snd lower wage scales. -These factors wore especially potent in the ell trade, with elans of a pronounced rearijvatment of existing ex-isting schedules Tor steel and Iron. |