Indications that the May 8. Lon- Bei Shanghai, May_9.
don Settlement would pass off satisfactorily with no further liquidation of American securities from that usrier caused a better tone on the Now York market during the past yock and the recovery from the lows fniabished on April" 2 continued for. Ave succesivie sessions. before meeting "any real resistance, The Volume of trading was, however, very Small, averaging Tess than 600,000 Shares a day thus far this month s0 that the Tolly appeared a technical Febound rather than the beginning of fny broad upswing. Individual issues raved selectively" and at least one, Atchison, Topeka & Santa Fo, reached inow high for the entire bull Commodities ductuated narrowly and irregularly but generally dis. Played a frm tone. Tt fs. believed that the 'Government te moving away from. production and' price control the direction of normal' tree markets. Cotton improved in, sym pathy with price trends abroad, Wheat "was "largely under the Influence of weather reports, Cone siderable rainfall has een received but more is needed and sub-soit moisture in Canada is well below 283 normal. Argentine imports of corn were: well absorbed. Factories are still refraining rom rubber purchases and are apparently Ge waiting for lower pric Business activity was again around fast us recovery: high, slightly more than seasonal dip is widely forecast for the summer but as yet there is no indication of it. Steel operations are particularly encouraging with April one of the best months on record and production at the current level likely to be maintained at least through Ofay.
The market in Agur ape Ray 0 for 1795217581
Text read from the printed page and cleaned; old type leaves the occasional error.