Show II Wall Street Bres Briefs I The he new week In the stock market marketIs Is expected to show chow continuance of re readjustment re- re adjustment o of quotations in conformity with wih actual trade rade prospects the prevailing prevail ing log desire it I Is said being to return to a basis of solid olid old value as soon oon as possible The recent boom tendency which was based on prolific talk o of big developments develop develop- ments menta In Industry apparently has has given way wIY to a a more conservative attitude The Te opinion prevails however that the future holds promise of ot normal business prosperity Colorado Colorado Fuel Fuet and Iron company earned 05 a a share chare on the common stock In 1924 1124 after preferred dividends compared compare with wills wih 67 a share In 1923 Net Income declined to from the year before Gross Gros earnings increased to from Operating expenses were about i 1 more than the year before The he National Tea ea company company reports net profits of for 1921 1924 In contrast to In 1923 1123 Despite last weeks week's recession In stock and id grain prices price to the lowest levels of the year there has ha been little tendency to attribute the r acton to any prospective pros pros- turn for tIne the In 11 the sItuation On the other hand Wall Wallstreet al street has found some encouragement In noting that both markets are they were In the closing cosing week of 1024 when conditions were widely be be- to foreshadow an era of unexampled prosperity for the country countr MOODYS MOODY'S REVIEW Moodys Moody's Weekly Review o of Financial Conditions part in its Is current I Issue ue says in The business situation has not really realY changed Admittedly we ourselves ad advised advised ad- ad a- a taking profit taking on both the and the but the advice was based not upon any bad business situation but rather lather upon the tho largeness of Df paper profIts prof- prof Its Is the technical Indications of an overbought overbought overbought over over- bought market and the belief bele that the public demand for stocks tocks had been filled for the present In our opinion no real neat bear move- move mert Is in sight Tet Yet a a spring or summer summer sum sum- mer pier reaction of ot 10 to 18 10 points occa- occa occurs occur as a Interruptions to great btU bell movements and may occur this time Even If I It I does doe doe the position postOn o of the market should remain broadly broadly bullah bull bull- bul ah h meaning that It ought to be a a purchase pur pur- chase thase hae a is a little later perhaps some time Ume in April Apri or May The bond market mark t has a held firm and and tow now that the Income tax payments payments and ii In TOW Sf ar t. t Paul are out o of the way bay the he te technical hl cal stock dock market position I looks louks locks improved As Ao the reasons for the break were technical rather than economic eco eco- this is I aa ad Indication worth considering con con- Steel companies are still In a favor favor- avor- avor al allt l U position There Is H foreign competition competition compe compe- but It is not in volume to bo be b serious The he expansion expansion of ot the stee trade has been ben nowhere e nearly as a. great as a during typical prosperity periods perlo pen peri o oslo and the tho consumers consumer of ot steel are l likely licely el to o continue buying lib Iberal Ib- Ib lib lib- eral VISIBLE AMERICAN GRAIN The visible NEW YORK March 23 The supply of ot American grain shows the following following fol fol- lowing changes In bushels Wheat de decreased de- de creased corn Increased oats decreased decreased rye re decreased de de- de- de creased barley Increased ceased CRUCIBLE OIL DROPS PITTSBURG March A A A decrease various from SOc lOc to Sic a barrel in grades of Pennsylvania crude oil 01 was announced to purchasing agents today The rise new prices price range rant from from 40 to COTO COTTON OPENING fut futures fu- fu NEW YORK March 23 Cotin t tune tures ru lEV opened easy euy March May My July October I lit 1 t- t oember cember rember 2 |