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Show HILL FINANCING HAS C00D EFFECT NF.W YORK, June I. The supreme court's derision In the Amerlrsn tobarco rase and the adoption of the "open market" mar-ket" poltr by ateel and Iron manufacturers manufac-turers early thie week broualit about a period of iinsetllement on the stork exchange, ex-change, durlnf which prteee fluctuated violently. Heavy selltna reaulted In severe se-vere losses imonf all classes' of stocks. The downward movement waa checked by the appearance of a well auatalned demand, de-mand, and towards the close nf the week the market allowed the effects of a more confident feetlne. Many atocka advanced to the hlaheet point of the year. Announcement of the Hill flnanrlnit riroject nut much to bring about a change n sentiment. It waa believed that the sxprene court's recent decision In caaee affecting corporal km. had cleared the way for htrae transactions of this nature. na-ture. The) decision nf the Hill manaee-mcnt manaee-mcnt tt launch such a huce undertaking at this time, moreover, waa taken aa an Indication of confidence In present conditions. condi-tions. April railroad earnlnga showing thst effective etepa had been taken to curtail expenses, and further Indications of good crop prospects also gave Impetus to the buying, which led to one of the significant demonetrallona of strength In the market of the year. |