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Show WRRKLT FINANCIAL BaTTntW. NEW TORK. Aug. tt (By A. F.) An appreciably mere optimistic vtew of tba bualneas outlook was apparent Is flaaS-ctal flaaS-ctal snd commercial circiea during the, peat week. This growth of confidence waa due partly to reeeearancee In the matter of tha new administration, partly te firmness In wheat Snd cotton prices and partly to suggestions that a turn may ba at hsnd In ths forward buying of the mare tm ports nt Industrial products. prod-ucts. V ader three clrcumataneee the. eecurliy marketa wera firm, short eoy-erlsg eoy-erlsg dlsc'oetng s meager supply of stocka and aoma naw eommtaaion bouse buying being sttrscted. Tha effeet was to lift the stoch market out of the extreme ex-treme dullneee Into which It had feHep and to produce a mora convincing rally tha a had been during the summer. Industrially. 1 c.ineiderable emphasis wss given to steadying- In -the pig Iron market. For the first time In .week a the Iron Age Index of pig Iron prices., failed to ahow s reeeeslaa. The steadying steady-ing followed more srttve buying of this commodity, and namber cf .rT observers ob-servers pointed out that -h clrtr-re-stances are at mils r to V.i'm ' wkH-h ecu Iky attend a turn In tble iiakt. : As furnlahlna addlltorMl nasls for thla point of view, a firm a Np In th-prliej ef coal, coke and ecrep Iron et sioted- Steel produrtlcn iifaawhlle ui 1 eigne of a alight further eiaukcn'ng. -but i Is atlll within II r ft per cent ef th. I peak preched In the akr.ng. . Mu-h ai t'ttkn ts bcine given to hi effects of the Introduction of H eightehaur day. The change In Worhieig Irion rs Is still toe psrtlal to sdrnM ef preclee Judgment a. but tae general crrect win no te adjust output ta the leas-sed demsnd to support sup-port the ex let lag l-vel of prices. .Little actual change la ahnwn hi the forward buying situation, but the feeling la, as In ether IndustHea. more bepefuT. A further recovery in wheat prices waa sn additional aovrco of grot mention. men-tion. The leedlag futures St Chieege advanced to prizes about cents above their recent lows. Theae gains were T-rin- Ipally In response t farther report a of emp damage in Canata. which followed the Canadian government a estimate af a crop of us, sea. set buebela aa com tared with recent talk of tee.ttt.tet bvsheta. The t' nit ad Statea de pertinent of agCmltura atao revealed the fact that statlMire en formers' lnteoWesn to p'aat lad lea te a redaction oi acreage thla year to a figure liy per seat; below be-low that af last year. Firmneaa In cotton prices was due principally te continuation of the e- vro bet sad dey weatberM Texaa. and Oklahoma. Tble waa generally admitted te be having o 4Mstrschr uaisverable effect on the crop, and a yield In exesas of the government s last estimate" of ll.llt.sos bales ws cosetdered irp probable. prob-able. " Color t dent with firmness In ' tha raw mater nil, a better tone was reported the cotton cloth market. A cslm view Was taken sf the additional addi-tional s?gns of wsnkaeee la the otl situation, sit-uation, which were presented by the latest cats 'In 'gasoline prices. ' These were mnetdered the natural resil.t of the enormous pbodtirfton which has de- , veloprd in the new California fttlda this ell yielding a nOJck higher proporttern af gasoline fKi the Mtxlcsa crude which It has displaced. Well poeted Observers ex preened the opinion thai the ait settee probe bry is now at tts worst snd that produetloa will gradually decline while rousump tlow will be, stimulated by the price euta. - FuMlcntloer af tha British rejoinder to the laet Frecb pete on reparations was foMewed by n break In French franca to a orw low for all time. Belgian Bel-gian fragre and Italian 'tire alao were weak, bwt at-r'.iag and most of the sther Eurepesns o ere steady. Conservative epintona Still held- to rbe view (bat wbtle an early aettlement is ssHke'r. prr-sreaa toward one Is s.swly being sx-uompMsbed, sx-uompMsbed, j 1 " ' |