Both the money and security markets have this month experienced a relaxed demand and at this writing both are beginning to give indications of renewed firmness. Rail and oil shares are active and rising, with most other groups still in a waiting mood. Exports of gold continue heavy, about $100,000,000 of the yellow metal having gone abroad since Dec. 1 of last year.
The steel industry appears moderately and wholesomely on the upgrade. Operations are at about 94% of capacity, with rising prices. Similarly, crude oil and gasoline stocks are showing marked...
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