Show WALL STREET MOVES REFLECT CONFIDENCE NEW V EW YORK April 28 The 28 The turn In Inthe Inthe t the he stock tock market has been quick and decisive indicating Wall street confidence confidence d dence nce that the transition period does docs not call for or further urther general deflation and that securities from now on should discount prospective trade and Industrial Industrial Industrial Indus Indus- trial prosperity Tho rho pre present r-nt r stock market marel advance ance covers cr a period of or nearly a fortnight The rite rl rise e has hal ben been featured b by broad s speculation peculatIon In oil motor equipment t tobacco and rubber stocks gains aln In Inome s omo ome Instances extending to more than 2 20 0 0 points Consequently uen lJ the tho Industrial share hare average a has hns shown the most progress t this his group reclaiming 40 II per cent of ot t the he ground lost Jost during the downward mo movement that marked maried the tho first three months of or the armistice period The r rails ails have ha rebounded about 20 per percent c cent ent but the copper stocks have lagged ged for f or obvious ob reasons Industrial stocks carrying the peace t tag ag It are selling II substantially higher t than han tho the somewhat advanced ad levels o of November ember 9 a comparison disclosing a advances ad ranging ln from rom to 16 points T The he maximum Improvement ement Is 18 re recorded recorded re- re c corded h. h by United Fruit and American T Hide ilde and and L Leather ather preferred On theother the theother o other ther hand one half o of the Industrial os s tocks stocks have ha shown net losses Josses from the p level ranging from toni rom a 3 si minimum to an aM hl high h as 41 points in inthe th the case of ot Itah Copper and antI 27 7 8 e I points In American Smelting |