The Washington times., 1909-04-01
Taking Checks RISE Leading Is N rono
STOCKS SHOW SOME SHARP GAINS
CHIEFLY IN OTHER THAN THE
OLD LEADERS.

NEW YORK. April II T. m.-Steel,
Common, came very strong IN the last
half hour and the rise carried II to %
again, the stock attracting much atten-
ton. The preferred shares turned 1872.
The rest Of the list was strong, with
every indication Of a firm, good closing,
and further advances here and there
throughout the list
II was a decidedly strong market
strong in nearly every feature
NEW YORK, Aprn Ii %. m.--with
the immediate opening the stock list
started toward higher levels, and il
looked ike another big, broad, bull day.
Everything was higher with some OF
the gains lz0A OF a point, and with the
average at least y point throughout the
list. The return of Mr. Hartman was
an influence of no mean proportions,
and the desire of the banks Of New
York to place some of their surplus
millions in dividend payers was another
cause FOR the movement yesterday and
today. OF course, the usual traiIers
have been following the market. and
when profits are in sight the trailers are
inclined 10 turn them to bank accounts.
Moreover the handsome advances of the
week were sufficient TO increase the Of
ferings of stock, some holders who have
been waiting for profits turning the az
vance TO their account
New Market Leaders.
As the market finally settled into its
stride il showed the best strength in
the stocks that have not been TO the
fore in the rise of the last three days,
or that have only shown fair advances
while the leaders Were setting q merry
Pace.
The leaders this morning were At
lantic Coast Line, Missouri Pacific, IL
linois Central, Norio and Western,
Chesapeake and Ohio, Canadian Pacific,
and Wabash preferred in the minor
rails; Railway Springs, Republic Iron
and Steel and Lead in the industrials
This does not mean the oId-time mar
net leaders were neglected but that
the best gains Of the first half of the
session were in the stocks mentioned.
The old-timers started we'll but their
triumphal march was checked by
wave OF liquidation from profit takers
and the advances were checked with a
practical loss of the mornings gains
Southern Pacific sold ex-dividend IL
per cent II opened at 123. sold to 12215,
and rose an eighth. Practically no
change. Union Pacific rose a. of a poinf
on the initial sale. and dropped back TO
1913. recovering fractionally 10 1851, as
compared with yesterdays close at
1894 st Paul was at one time IL
higher, and held but 81 Of its gain.
Reading lost X net regained IL. and
was more quiet. Pennsylvania was u
of 10 l%3%.- Fries, Atchison Denver
etc, steady.
Strongest Spots.
In the strongest spots, Canadian Pa
ciic rose o 174s& as compared with
173is, yesterdays close. Atlantic Coast
Line opened at 1924 dropped 10 I2ls4
and then up 10 123Ss. with Il reaction.
Chesapeake and Ohio sold TO 81. big
4 gained q Missouri Pacific a point
higher. Hills were firm but quiet.
Railway Springs sold from IL up to
4VA. Republic Steel y to 23, and Lead
= to S25s.
tween 4els@49A most of the session. al
though II did get TO 1872 on the start
Ihe preferred was just as steady at
1l3B4ll3A. Smelling was weak drop
ping from SS5s68S2t TO S75s Copper
eased or from 1915 to 75A TO 751s
Dull But Firm.
AS the session turned into the second
hour or the afternoon the entire mar
ket presented a bold front TO the bears
while here and there evidences were
indicative OF good accumulation and
arm tone. The class of buying seemed
satisfactory to the holders az secI1ri
eleS. VINO were positively firm in their
views and showed no anxiety 10 mar
Het. secur1ties ar concessions.