New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-27
tered The car no found as his sole com
,,ricn George w. Perkins.
GAINS ON STOCK EXCHANGE
Heavy Trading, but Market Is
Much Less Excited.

Although tho trading was again on
heavy scale. the days total being nearly
I 100 GOO shares the stock market yester-
d2v was much less excited than for several
DAYS previously and most of the issues
closed at net advance. The opening was at
small declines from the preceding days
final quotations. and for the first few min
utes nrices moved downward.
A recovery soon set in. however, and the
carly low levels were not again touched, al
though there were many fluctuations in the
inward progress Of prices, due TO occasional
bear attacks The advance was most rapid
i'm the last hour. and numerous stocks
closed at their best OF the session.
II had been hoped that Attorney General
Understands statement would contain
some specifc reference to the United States
Steel Corporation and would also indicate
some rule by which the various corpora
lions having reason to suppose themselves
within the prohibition OF the sherman law
might test their liability and might take
stems 20 bring their organization into con
for.ni.v with the law. The statement. now
ever. even though general in its language,
was received favorablv. as renewing the &C
strance that the government was using the
utm,s; care rot 10 work unnecessary in
jury 10 any corporation, and the report cur
rent in the last hour Of trading that the
steel Corporation would issue a statement
defining its own view OF the situation did
much to cause the late rally in stocks.
The announcement that substantial prog
res had been made toward formulating a
rlan for the dissolution and readjustment
,f.-
another factor in the market improvement
yesterday. still another being the common
impression that the market had been over
sold The more cheering outlook for the
TonsCco company was reflected strikingly
go the bond department, where the Tobacco
g. on transactions aggregating almost 81
10000 par value. rose from lG9s4 az the
opening 70 1928 at the close, net gain OF
oss points. while tho As. which had closed
on Monday al se9s, opened at s., sold up to
90. and closed at $50. Total sales Of
bonds were more than $1jO0Coo. the largest
GAYS business this year. American To-
tacco preferred. which is dealt in on the
Stock Exchange. opened q up at s4h and
reached its high, %. before noon, declining
bv O'Clock 10 9Ss, and recovering 10 95 at
The close.
steel common had another wide open
Ing" 12.Onp shares being sold at from 55Ss
e. 5lss. comparing with Mondays closing
inquire Of 557s II declined to "a soon after
tie cpening. rallied to 57's before noon,
and after further fluctuations touched 57ss,
Is hish ~ the day, little before the close
which was at 5S7s q net gain OF l point.
The opening and low Of the preferred was
1cp.. or Ia under Mondays last price and
the close was at the highest, 1914, a net
advance Of Ia points.
Union Pacific opened point down. Al
1851. speedily fell 10 155, and recovered to
1855, I'm the late afternoon. closing at l5S
Amalgamated Copper. which had been an
other OF the weak features on Monday,
closed unchanged at 413s Nirginia-Carolina
Chemical which the day before had sur
fcred net loss of Az points gained Is
Yesterday and Reading ended the day
with tho same gain, in contrast with It's
% decline on Monday.
There was heavy covering Of shorts dur
ing large part Of Yesterdays session. ana
also substantial volume OF investment
ruving. much Of II on orders from institu-
lions and important interests About 2@Vp
shares Of stocks were purchased for Tor
eign account.