Omaha daily bee., 1909-04-29
NEW YORR STOCKS AND BONDS
Market is Firm and Values Move
Upward Aggressively.
STEEL AND HARRIMANs LEAD
Holders of stocks Seem Disposed "a
Wait for Higher Prices-Gsins
Little hpsired by PrOat
Taking at Close.

NEW YORK, April 2S.-rhere was a
striking change in the tone of the stock
market today from that Of YESTERDAY.
Prices moved up aggressively and in
many instances rapidly. The demand
was large and widely distributed and the
upward movement embraced the list quite
ever. in some OF the stocks that are the
greatest favorites with the traders and
are most influential in their sympathetic
erect on speculative sentiment
Reading. the Hartman stocks and
United states Steel were the leaders OF
the movement and no more effectiye
leaders are to be found In the list. The
board room element explained the move
ment as being due TO a scarcity in the
flowing supply Of stocks. which Is only
holding for higher prices. The United
states Steel statement of earnings. for
the last quarter was of favorable effect
days strength. The quarters earnings
were nearly 81, 0o0, 900 in excess of esti-
mates current Yesterday on the stock
market. The falling off in tonnage of
untitled orders on hand was discussed
With some dissatisfaction in view of the
frequent reports of rush OF new business
attracted by the reduction In prices.
There seemed to be more Importance at
tached TO the reports of an advance In
prices of several grades of finished steel
reported yesterday to have been made by
the Carnegie Steel ompan in spite OF
the fact that those reports were quail
the scope OF the new orders. This evil
dence OF a turn in the steel trade situa-
tion from one OF receding values to a
rise seemed to appeal to sentiment as
highly significant OF the Improvement in
the trade conditions. Foreign buying In
this market was an influential element
in the days market, the sentiment of eff
feet being considerable beyond the alb
sorption of stocks which was effected.
The change of sovereiSns In Turkey al
though known to have occurred yesterday,
was taken more account of today. Con-
%tinental centers bought stocks in Lon
don on account of the Turkish situation
and the effect was passed on to the New
York market.
Of a furry in money rates incident TO
the May / financial settlements. Tile
near approach of the period and the
tranquility OF the call money market
helped to this feeling. There was q
brisk movement in the Gould group, OF
to indicate an organized market support
for those stocks based on suppositions
that the plan for financing the needs OF
those properties for new capital was be-
ing matured. Reading was more re.
sponsive than yesterday to the prospect
operators and miners over wages. The
Rock Island group was helped by the IA
vorable showing of earnings for March
United States Steel sold within a small
fraction of the highest price of the pres
emit year. Time money was called dis
tinctiy easier. leaders accepting borrow
ers' bids in contrast to their resistance
on their own asking rates yesterday
The ain of the day we're scarcely at al
impaired by the late profit-taking move
ment.
Bonds were steady. Total sales, pa
value. S5.96S,0O0. United States bonds
were unchanged on call.
Number of sales n leading quotationi