Omaha daily bee., 1909-04-01
NEW YORK. STOCKS AND BONDS
Market Opens Firm and Active and
Values Advance Vigorously.
CONFIDENCE IN OUTLOOK GROWS
Boom In BusIness Expected a. soon
ss Tariff Bill IL Enscted--
Close irregular on Profit
akinE

NEW YORK. March a.-The stock mar
ket today manifested q degree Of vlgor that
proved OF note BILE influence In forming spec
ulatiVe sentiment and in confirming the
feeling of confidence that has been grow
ing up in the shape of affairs toward bet
terment. The general outlook is held ac-
equitable for the starting up of values and
the r~eviving OF speculative interest. With
stocks offering steady resistance to news
after day the conviction has been forming
that operations in the stock market, so
far as they might be prompted by such de-
~velopments, had been concluded in the per
lod OF depression that has been passed.
There is admittedly a large dmand. both
speculative and investment, which has been
waiting for an assurance that the effects
on securities of unfavorable factors have
been measured. As TO the ultimate emery
which have weighed upon them and the
resulting great enhancement Of values
which is to follow, no doubt has ever been
felt. The action Of the stock market IN
face of some Of the later Developments
counted discouraging suggests that these
DEVELOPMENTS in themselves may mark the
elimination of depression and the turning
point of Improvement. Such a development
was the open cut in steel products by the
United states steel corporation making the
noring the lack Of demand by holding prices
at artificial levels. While the new demand
vet advlces In the last few DAYS are that
such demand is growing and is expected to
expand materially with the Demonstration
hAtnN PEhGN hdNG bttn lOuCHdus IA
small profits which must result from bust.
ness booked at prevailing prices, the dan.
gor OF labor disputes from cutting of
wages, the prospect of prolonged apathy In
trade while the tariff bill is being worked
out and all similar u~nfavorable p~ossibili.
ties are pointed out and have prompte per
sistent efforts by the bear element in thu
speculation to force down prices. In the
week that the cut In steel products wa,
announced United States Steel sold at ala
after having sold the week before at allow
50. Today's price touched 49h. The recov
cry compared with the violence OF the col
lapse measures a rate of regeneration tina
shows the natural slowness of that process
London was a buyer of stocks on a lib
eral scale during the day. The net mTn
ings statements for February of Southern
Pacific and Union Pacific were followe,
by an advance in the former to a recon
price and in the latter to the highest pric
touched since the stock was placed on
10 per cent dividend basis in August O
1906. Announcement that tomorrow's ex
piration- of the wage agreement would b
followed by maintenance of mining opera
lions was received with satisfaction, IN
strength OF the days market was not uni
formly held and the close itself was decid
edly Irregular, under the. influence of &C
tive profit-takinR. -
Bonds were firm. Total shares, par yaIu,
B,24OiOOO. United States IS, registered. sd
Vanced Y per cent on call,
Number of sales and leading quotation