The Birmingham age-herald., 1912-03-19
RECOVERY SHOWN|N ! THE STOCK MARKET Strongest Tone Taken on in Final HOur-The Active
 Stocks Advance

E New York, March 1S.-The stock mar
 ket today made considerable recovery
 from its unsettlement of Saturday when 'prices fell on fears of political and in zdustrial disturbances abroad. The move 2 #ment was not altogether impressive, as E Inc small part of the strength and ae- Htivity econ1erged around stocks which 5 have exercised much influence as mar z ket factors
 These included Erie Missouri Pacific Aand American Can, common and pre- I ferred. Some idea of the anomalous move ments of the session is gathered from that tihtsI, at Iate hour Erie, common. E was -the- most aetiVe feature, its sales being greater than those of any other | issue, while Missouri Pacific was more active than Union Pacific and the deal ! ipgs. in the Canning shares were much larger than in stock. whose course has often been accepted as significant There was further selling for London account, though the volume was less than Saturday. London markets were heavy as were other exchanges on the continent, while slump was reported on the St Petersburg exchange. In fine, the foreign situation seemed to offer some warrant for last weeks rumors, which went so far as to threaten the peace of Europe" A reported hitch In the Chinese loan situation, growing out of secret negotiations by the new republic with Belgian banking interests, was the subject of discussion in high financial quarters.
 --Fpt.
 in the final hour when it became known that the United States supreme court would not hand down any decisions of
 prominence and would adjourn for the fortnight. Traders then took up the active stocks, which speedily advanced from 1 to 7 points. There were recessions from top prices, but the closing was strong and active. It embraced a better de- mand for shares of railroads in the west ern and southwestern territories. which probably resulted from the improved crop prospects in those sections.
 General conditions, so far as they dealt with the industrial outlook here and abroad. were virtually unchanged.
 Western traffic conditions are improv- ing. One of the most hopeful features respecting that section is to be found in the steady piling up of bank deposits at reserve centers. indicating that part of the unusual drain on this section for foreign requirements would be ob- viated. Increasing demand for cash in the west is reflected in the steadiness of it's money markets. The comptroller of the currency has completed his ab- stract of reports showing the condition of over 73,0O0 banks at the close of busi- ness on February 2. last. The increase in surplus over the last previous date is almost $21 100000. with a very small in crease in reserves.
 Sales by London here today were about 1000 shares. chiefly Steel and American Pacific. England got the bulk of the South African gold delivered there. The Imperial bank of Germany reported a gain of about S4,000,0oo in gold. with an increase of $7,5OO,00O in cash deposits In crea sing by $21 100000.
 The bond market was featureless. aside from it's firmness. Total sales, S24 621 ,000. United States governments were un- changed on call.