The Birmingham age-herald., 1911-04-29
TONE IS PRIMER AND PRESSURE LOW  Largest Advances of Week Are Made on Stock r
 Market

New York, April 2S.--Although trading was less active on the stock market to- day, the tone was frmer and the largest advances in prices of the week were made. Accumulation of the better grade of stocks continued today Apparently the holdings of substantial interests have been largely increased. Prices rose easily when any marked demand appeared. there being almost no pressure on any of the specula- tive issues.
 The cessation of speculation was ascribed largely to the approach of an- other of the supreme courts decision days" There are but three of these days before the adjournment of the court for the summer recess, and expect attention that the antitrust case decisions will be rendered on one of those days is general in Wall street. The slowing down in business extended to the bond department, but there was still good demand for first class issues. The unusually active market for bonds of the last week is con- sidered one of the encouraging features of the present situation.
 There were further purchases today of new bonds and short-term notes. Sales by the underwriters of $10,o00000 two-year notes of the National Railways of Mexico and s7.5oo,Oo0 general mortgage bonds of the Northwestern railroad were an nounced.
 With continued ease in the money mar ket the demand for bonds doubtless will be sustained. Maturing loans cannot be renewed on the terms on which they were placed a few months ago and many Of the larger institutions are being forced into the bond market to find profitable employ ment for their funds.
 That something of the same movement nay be looked for In the stock market was indicated by the character of today's buying. Seasoned dividend paying stocks were chiefly in demand. The Inquiry for this class of securities increased as the Gay progressed and in tho last hour re- suited In a sharp upturn which carried prices to the highest level of the week
 Reading, Union Pacific and Northern Pacific, Louisville and Nashville and st. Paul are representative of the grade or the railroad stocks which advanced point or more, while among the industrials similar advances were scored by American Smelling, Consolidated Cas- General Elec- tric, International Harvester, and United States Steel Canadian Pacific moved up 8 points to 23os4, the highest figure at which the stock ever sold.
 Bank exchanges for the week make a more satisfactory comparison than week ago Total at all leading cities of the country is still less than in the same period of last year, but the loss is consid- erably smaller than in the preceding week.
 Rates for call money in the last week of April 1910, ranged. from 21s to per cent with a general reduction of loans by financial institutions due in part to crop scares and shipments during the month or upwards of sS0, ,0oo,o 900 gold in Europe.
 The amount of gold dispatched to Cam ada this week was increased today to Sl3,- soO,O0o by a shipments of s750,000.
 Readings March report showing net increase for all companies of $150000 repre- sented a satisfactory contrast with other recent statements and was factor in strengthening the market Great Western and St. Louis Southwestern also reported ret increases.
 Bonds were firm. Total sales par value, $3O35,O00.
 United States bonds were unchanged on call.