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Show UfLT -STOCKS ON WALL STREET ARE STRONG Now York, Feb. 28 The market reversed re-versed its course after the opening growing active and strong under the lead of the Intorborough Metropolitan Issues, in connection with some Important Im-portant devolopmoutB Bald to bo Impending. Im-pending. All the speculative favorites moved upward, as did al60 LouJbvIIIo & Nashville, Atlantic Coast Lino, American Am-erican Sugar, American Telephone & Telegraph and the copper 9aaros. Ac-tilty Ac-tilty soon gave way to dullness and prices eased off Central Leather preferred gave way 2 points on the annual report, which showed a doficlt of over $2,000,000 after fixed charges and dividends had been paid Tho rest of the market was not Influenced and oven advanced slightly in spots, Reading gaining almost al-most a point. With tho approach of noon the apathy ap-athy increased and further cancellations cancella-tions of some of the earlier gains woro recorded. There wero adverse rumors ru-mors dealing with United States Steel but that stock was relatively firm. Aside from some slight strength Buch specialties as Western Union and Pittsburg, C. C & St. Louis, trading was devoid of any feature. Bonds were steady. The short Interest was given a twist in the afternoon when largo purchasing purchas-ing orders were executed in the principal prin-cipal stocks. Roading was tho leader of the movements and its rise of two points was supplemented by advances of about half as much Iu .Union Pacific, Pa-cific, Lohlgh Valley, Amalgamated Copper, American Smoltlng and United Uni-ted States Steel. The market closed strong Activity Increased in the closing hour and there was n further expansion of the buying movement Union Pacific and Lehigh Valloy Increased their gains to two points and many other stocks also roBo materially. Trading fell off greatly boforo the cIosa and a few stocks yielded on scattered realizing, but the general markot rotalned its strength. |