Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-05-01
MARKET CLOSES
ACTIVE, PRICES
ARE STATIONARY
Leading Stocks Were in De-
mand, Other Issues
Conspicuous.

NEW YORK, May 1.-The market
showed som hesitation al the opening
today. A number of good-sized gains
were made, but mostly in the special
ties. Western Maryland and Reading
second preferred gained liz, Canadian
Pacific rs and General Electric and
Southern Railway preferred q. New
York Central, Louisville and Nashville
and st. Paul lost y.
IL q. nth tone became easier, and
Reading, Union Pacific, u. S. Steel and
other prominent stocks sold fractionally
below last weeks close. Meanwhile a
number of inactive issues were rising
briskly, n at IL o'clock the whole list
was advancing again with U. S. Steel
in large demand. Canadian Pacific
sold at 2345s, another record figure and
z points above Saturdays close. Read
ing second preferred improved 3h,
Western Maryland 3 and Colorado and
Southern 2 points.
Noon-The stock market lost this
morning the firm tone which charac-
terized it with the close of last week.
The amount of trading was small and
the tone was h~esitating. Fluctuations
were kept within narrow limits, how
ever, by the demand which appeared
whenever prices yielded moderately.
Much of the hesitation was attributed
to the fact that this is the Supreme
Courts day for handing down de-
cisions, and that there was the usual
uncertainty as to whether findings in
the antitrust cases would be an
nounced. Aside from the further dem
onstration of strength in the Cana
dian group and the ~buoyancy of several
minor issues there was little interest in
general trading, American Cotton OIL
showed some weakness in anticipation
of possible unfavorable dividend action
at the directors meeting tomorrow.
Bonds were steady, with the New York
City AIS establishing another record
price.
/ p. m.-Prices were bid up sharply
and the trading became active when
it was announced that no decisions
would be made today by the United
States Supreme Court. Union Pacific
spurted to 119 on a few transactions
and U. S. Steel went to 1913. Nur,er-
Gus other stocks went up a point or
more, including Reading. Northern Pa
cihc, Dehigh Valley, Chesapeake and
Ohio and Atlantic Coast line. The
tdpihiiJ vi hhb ahNaiNt NduSto SJhiC
realizing and the list went off a frac-
ton.
2 p. m~.-Special stocks were lifted
substantially in the latter half of the
day, but the list generally did not vary
much. Canadian Pacific went up to
1861, making its gain since Saturday
four points.
Reading was heavily bought and
touched 1855, n the second preferred
reached par on talk of possible favora-
BILE conversation privilege for the stock.
Denver 6 Rio Grande dropped IA and
the preferred 35s. There were rumor
of the dividend on the preferred stock
being either passed or reduced.
8 p. m.-The market closed active and
strong.
Realizing sales were absorbed with
out any appreciable effect on prices,
and as the session drew to an end there
was a more widespread demand for
stocks. Some of the earlier laggards
moved up materially.
All the recognized leaders were in
eager demand and there was a large
inquiry also for various other issues, in
which pool operations have hitherto
been conspicuous. Reading and Lehigh
Valley showed improvements of :
points and u. S. Steel and Union Paci-
fc ~.