The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-04-14
.JOYANT RISE IN
PRICES OF STOCKS
eculative Sentiment Turns
to the Bullish Side
MIXERS ARE HOPEFUL
spects for Business Appear Good
and the Bad Eject of Postponing
Decisions BY the Supreme
Court Is Dissipated

lew York, April 13.-lThe rise in prices
Hstocks, which occurred today, was
|bout any change in conditions to ex-
In beyond rather marked concur
lie of speculative sentiment in its
&or. There was a general conviction
hut the stock exchange that the adj
ce had the assent If not the active
Operation of the financial groups most
Mental In market movements.
lac movement in United States Steel
n, the most effective factor In convey
this Impression. The volume of trans
Hons in that stock and its aggressive
4 ance were in themselves suggestive
|, the inside activities which marked
lt movements in the stock heralded by
4 fident predictions from official sources
/ the corporations. Rumors of an in
ase in the dividend on the stock to a
err cent rate was renewed with great
ankers and corporation reports ex-
ssed themselves hopeful of the pros
1t of business and of the good effects
follow, from the putting over of the
|ision of the antitrust cases for a
|iod of such indefinite duration as to
kle 1t improbable that affairs would be
"a in suspense throughout the period.
|: was noticeable that the copper stocks
red in the days advance, although
has been taken for granted that the
ltemplated merger of those properties
uld be held In allegiance until the anti
st cases define the permissible field
such a merger. 80 r.
he operations which advanced prices
re concentrated in character and did
appear to come from scattered
lrces. the belief prevailing in fact that
lers were executed on large scale
account of the powerful capitalists
o attempt to influence and to lead
rket movements with the. purpose of
racting miscellaneous following. de-
lding on that for the profitable market
, of their own accumulations.
factor in encouraging operations in
cks was a tightening Of the pressure
New York banking reserves. Esti-
ties of the probable proportions and
ration of the outward movement of
ID were modified in accordance with the
expected light outgo of today's steamer
London and the rapid strengthening
the Bank of England's reserve with
} first arrivals of gold shipped from
sy York.
The United States treasury is making
disbursement of pension money and
e suptreasury operations are con-
ihuting a daily balance to the New
ork banks farsn2 his, cause. a. The plac-
6 with foreign purchasers of railroad
tie issues has helped 20 relax the for
gn exchange market aad to check the
ltfiow of gold. 1t Is behaved that note
sues by the railroad ar, in prospect
ssources thus secured will. be relied on
obviate the difficulties Of the slug
sh bond market and to push forward
.penditures for equipment Ind improve
eat by the railroads. SKI s44 ri
The immediate weather rews from the
inter wheat regions was ignored today
Id cheerful views were held of the ag-
egate yield of the crops promised un-
r the Incentive of the high prices pre-
fling. Estimates of the heavy acreage
contemplation for the next cotton crop
ID the spring grain planting were an
sment In this feeling.
Rapid Transit was an early
ader of the advance under the season.
lie tpfluence of coming summer traffic
ID dividend rumors. Rock Island was
nefitted by the entry of new interests
the directorate.
FINAL prices were sustained near the
st in face of some realizing
3onds were Irregular. Total sales, par
lue, $3.50, 0OO. United States. bonds were
on call. ,.,4 ss-ss