Show CONFIDENCE IS NO NOW RETURNING Good Reports Come From Centers of Production and Distribution I Furnished by Harold R II n Smoot Co NEW YORK TOnIC Aug ur The Tho reports which come front from centers of production and distribution distri buton of goods good Indicate that confidence that primary r requisite quIlo of ot a a prosperous pe period pe pt nod Is I. gradually return returning In Merchants continue continue con con- nuo to 10 bu buy chit chiefly fly to meet met current de Ie e emends mends mantis mond but hero here and thoro there are Dro some lome hoAre who ho Are AM placing contracts contract for the future The steel trade Is II more mote active than It was wal In July and slightly busier buler than Ihan It w was l In InJune i June although tho the of conditions In II that tha Industry Is I. displayed by sharp competition corn com petition petton for orders and ragged declines of or ortho tho the price front front Railroad roc Ra oar loadings JO In itt tho the second week of ot August wOre re larger than they were In any anyo o week k of ot the tho last lat spring of ot any Rny preceding week of this summer urme an an incident worth recording even though the th total of 3 cars can loaded from January Januar 1 to AUgust A 13 U. U a wa wAs 11 per JH 1 cent I lest ieee I than It I was oa In tho the corresponding lime of 1020 The bank position polon which will 1 be the tho bulwark bulwark bli bul bul- wark k of definite e Industrial U ant and cl trade expansion don sion i when e It Hn comes nf l continues lt ul f from week fa fawe to we week k to gain In enlargement of reserves ruu n and and by liquidation of loans loan the during pres pres- eat tnt heavy strain Herald I Good market j judges ar are aro of the b belief lef that market market decline In securities Is I. nearing I tho the end ent and that white while buying of ot tho the thoI I public cannot bo be expected to assume um any proportions many stocks stock have havo reached I that m make ko them Il Appear tor attractive p. Basic Dulc conditions are ar slowly Improving and railroad earnings can bo be looked forward to as al im improving tm irn- proving front from font now on G General nell list m may y be expected to react Again after Afe the tho rally o ot of last week but special Issues m may y bo be ex expected es cx 1 ctet to receive some better belter beter support In view of ot continued J Improvement In federal fodera r reserve situation and the tho consequent outlook outlook out out- look for a a larger supply of ot money moncy perhaps for tor the tho blanco balance balanco of the jear ear Toomey |