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Show VORSTPASSEDASTO RAILROADS, SAYS OFFICIAL Anything That Now Develops Devel-ops Will Be for Good, He Declares furnlahfd by Harold R. Rmoot Co. NEW YORK. March 1ft. Tha first hopeful hope-ful word Wall atreet baa heard on tha subject sub-ject af railroada In many a day waa contained con-tained In a Chicago Northwestern of-final's of-final's statement that "tha railroada have already pasaed tha worst, sad anything that develr pa from new an will be for tha too -at tba- road a. tbair em ploy aa and aral aroaperlty." Com In from so Important a aouree at a time when railroad ectlvea are trymg to secure relief through a repeal of soma of their wage agreements. this eatemnt went far to bolster trading eeail-ment eeail-ment leward"the ratjmod stocks. Poet. The stock market at the begtnntn of the new week did not very readily declare Itself aa to trend Mustneoa waa transacted in th early part of the sesalon at rather mlaed prices with positive weahaeme In the oil group and in slots e lee where anionc the Industrials. Raiding teetlce were quite aocc-eaafully directed against certain specie spe-cie It Ira. Aside from a certain tendency ta rover rn the part of the bears, there waa little baying. Neat week's bank statement will be of unususl Importance. Tuceday'a pavment a will not recelvo full reflection nntit then pvir ona thtnr."""ti iia erf tha Interest Item, borrowing to pay the tea la poatpjned until the last minute. Ths new certificates of indebtedness and thoae to be paid off also will be reflected After this, week It may be pnaaible to diacaas seriously, aa tondon la doing, tha possibility of lower liioa y ratea. For the preeent Indtcationa are that the market will continue around e nating levels, wilh perhspa occasional Tallica, Tal-lica, but reat care ehauid be aierctsed In making new eoinmllmenia K. F. Hatton In the collection of over Runday devalop-menls devalop-menls confronting the markeia lhara was raiher a tniaturu of good and bad. The week end bank sta:ementa were encouraging encourag-ing with the market Improvement la tha pnaltinn at tha New York clearing house, and the continued rise In the federal reserve re-serve board ratio thia time from Ml la IS IV London dispatches told of mors op timisrn regarding the money outlook there, whlrh wss reflected m a better market f Brltlah lnv.atment aerurltlea. It waa felt that whea the huge taa paymeata are completed, com-pleted, as they will be with the oouree of the preeent month, tha Bank of k-n gland will suite likely aea Ha way clear tu lower tha diwtunt rale. Aa aaamat those favor-Ing favor-Ing Incldenta In the credit nltuattoa at home and abroad there waa atlll the critical crit-ical problem of railway wagea. The mea-aaga mea-aaga of the seven railway union fceada urg. ing congreawonal laveatlralion, while not uneipected. certainly did not put tha mat-ter mat-ter In a brighter light. It Jeaeened whatever what-ever hope there might have been of a voluntary vol-untary acejuleacence of the railway employea with the wage cutting plana of the eaecu-Uvea. eaecu-Uvea. Oder thea conflicting Impulses the stock msrket moved wtlh Irregulsrity end rnasidersble uncertsiaty M to what was ths prevailing tendency. It Pfr; tsklng ths greater part of tha Hot. that more resistance waa being ofrered to pro-feaalonal pro-feaalonal aelllnf thaa had beea tba oaaa last week. Olebo. |