New York, Mar. 27.
Prices of stocks on the New York 4 Stock Exchange staged a sensational come back to-day following yesterday's big break in the market, Says the Dow Jones Financial News Agency in its daily review of the market this afternoon.
There was a great rally all along the list, traders buying as feverishly to-day as they sold yesterday.
Reports of similar confidence came from throughout the country.
Call Money at 15 per cent, five per cent. lower than yesterday, made the prospect for easier money. conditions favourable.
Big banks, led by the National City, aided in order, There wi [gold from financial centres into the market and ina rally during the morning trading prices advance from one to 10 points on each leading stock, 'Oil stock were in good demand due to the expectation that the meeting' today of the petroleum industry experts would result favourably. The all producers, it was believed, Acting on the request of President Hoover, would Teach an agreement this week to curtail production to the 1928 figure for the current year, Standard Oil of New Jersey, Sinclar, and the other il stocks Railway stocks and public utility sues were in better demand.
American Foreign Power advanced five points to 93.
Canadian Pacific, Baltimore and Ohio, New Haven, Missouri Pacific and others rails showed strong support.
Spot trading was somewhat Unter and the tickers which record transactions were almost able to keep abreast of the market.
The rally in prices gained momentum as brokerage houses received buying orders from the financial centres in all parts of the nation. Public confidence evidently had returned with a bound and was based primarily on the easement in rmioney conditions as many banks in y, Chicago, and other centres joined the National City in assisting the market.
Other favourable factors included fa reduction in bankers acceptances by one-eighth of one per cent. and the prospects of a tremendous decline in brokerage loans, Traders on the New York Stock Exchange scrambled to repurchase the holdings they sold so readily yesterday their activities somewhat obscuring a sensational advance in prices on the curb market, where prices rallied in sympathy with the upward swing of the stocks listed on the big exchange. Ford motors of Canada advanced 108 reaching $1,000 a share, a new high price on the current recovery.
United States Steel Corporation advanced during the day but closed 1703ths, still a quarter of a point Lelow its resistance point, 180.
ical closed yesterday at 1783ths.
General Motors closed off a quarter at 843th.
In the rails New York Central advanced steadily during the day to close at i843ths compared to 381) yesterday. Southern Paci was up to points over yesterday's close, closing to-day at 127%, Lehigh' Valley also advanced, closing at 903th compared to' 892th yesterday. Pennsylvania also ad~ Sanced closing at 753th compared to 738 yesterday. Chicago and Northwestern was up 28ths to close at 84, In the oils Standard of New York
while Texas Corporation Common Seed at SD compan' Bia "Ascociated Gas and Electric closed unchanged at 604th, but the specialties showed good' advances generally, Johns Manville was up closing at 175 compared to 1683ths yesterday, In the metals market bar silver was up éth cent an ounce to close at 563 cents an ounce to-day.
Total shares sold on the Stock Exchange to-day were 5,618,990 compared to 8,246,740 yesterday.
Closing prices of leading issues to-day follow: Provigus Closing Price Price American Sugar.ccseeeeee 193
New York Central Wailread 181) 184
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Chicago "Northwestern "ily. A2¢ Field staten Rater... 559 Radio Corporation Tel. (om) 29 aint of RIY.
Text read from the printed page and cleaned; old type leaves the occasional error.