Show GOOD REPORTS NEW YORK Sept 3 Increased railroad railroad rail rail- road earnings more activity in many es essential essential es- es industries and encouraging reports from various trade centers were accelerating ing factors in the higher range of pi prices Ices Iceson on the stock exchange this week Accor According ling to houses however however how how- ever there was only a moderate revival of public lUbliC Interest the bulk of the dealings dealings deal deal- ings again representing curtailment of short contracts Board room gossip credited one of the most prominent bear with a complete reversal of po po- po si In iho tho bond market Improvement was even more pronounced Aside from the success which attended the under for Brazil and Uruguay old time limo bonds and many European state statu and municipal issues denoted Investment accumulation Trading in securities was overshadowed shadowed occasionally by the furious activity at higher prices Jn in the cotton market A Acry Aier i-er i cry large part of the weeks shifting or transfer of bank funds was as duo to enormous enor- enor moua operations In iii that staple The Tho advent of September marked the liquidation of ninny many Industrial and commercial corn com mercial loans These were extended In moel instances at original raIe rates but Western and Southern banks reported further liquidation of loans on grains and Co cotton Except United States Steel which continued continued con con- to produce at about 30 per cent of capacity conditions In the tho steel were un un- un changed Smaller buying power In the country of merchandise lines was seen inthe In Inthe the return of mall order companies These revealed rc shrinkages of 33 to 40 per cent In sales for the first eight months of the tho your Speculation evidently contributed largely large large- ly 13 to the rise and fall of foreign ex exchange cx- cx changes change British and French together with Dutch alit end Scandinavian bills bilis advanced advanced ad ad- buoyantly on the purchases to meet September obligations When thou thoe requirements were mot met however sharp reactions |