The Birmingham age-herald., 1909-04-13
GOOD GAINS MADE
 IN STOCK MARKET Fresh COnfdepce Inspires Many of the Operators PARTIAL HOLIDAY IS FELT Foreign Trading Is Eliminated for the Day, Which Reduces Volume of
 Business, But Strength Is
 Held Up Very We'll.
PARTIAL HOLIDAY IS FELT

New York, April 12.-Speculative opera tions for the advance were renewed with fresh. confidence today in the stock mar ket and prices were carried comprehen- sively upward on a. large and varied volume of business. The hesitation man. ifest last week on account of the ap- proach of the three days vacation was largely dissipated with the passing of the holiday, although the great foreign markets were still in recess and took no part in the days dealings in this mar ket. This deducted @ considerable vol ume of activity from the market, the operations for foreign account having con- stituted an important influence in the market for some time past
 The speculative element at home seemed content to carry forward the movement without waiting for the foreigners to de- clare themselves. The industrials and specialties still held conspicuous place in the days most notable movements, but not so entirely to the exclusion of the standard trading stocks as was the case on Thursday before the holiday. Thero was appreciable improvement in the mar ket in this respect with the course of the day.
 The prompt emergence from the Senate committee on finance of the amended tariff bill created a good impression, with out much regard to the changes in the rates proposed, the promise of dispatch in the progress of the bill being more considered than the substa<ce of the changes. The restoration of iron ore to the dutiable list as proposed in the Senate amendment induced an active demand for United States Steel, and this had sym pathetic effect in reviving demand for the whole list. Another wave of activity was set in motion by the news that the supreme courts decision on the validity of the commodities clause of the Hep burn law was still withheld. Reading rose vigorously, as has become the rule with the weekly passin go the expected delivery of this opinion.
 Reading was helped also by the be- lief that satisfactory terms would be made with the anthracite miners in the negotiations now going on for an agree ment of wages. Although the copper stocks were not conspicuous in the day 8 rise in prices, the statistics of copper production and consumption during the month of March made up one of the fa- vorable influences on the days sentiment. The increase of only 9,000,000 pounds In the amount of refined copper on hand at the end of March compared with a growth of over 39.0O0,000 pounds during February. in itself an encouraging development was enhanced in that respect by the fact that the months production rose over Feb ruary and even over January. 1t was in the increase of deliveries and exports that the main factor in the improvement of the statistical position was found that item rising to a total of 10S.000,000 pounds. compared with only 74,500,00O pounds in February Justification is found in this expanded consumption for the claims of a real improvement in the trade position of copper
 The feeling regarding the steel trade