Omaha daily bee., 1912-03-02
new YORK STOCK MARKET
Greater Activity, Breadth and
Strength Marks Day.
OUTSIDE INTEREST Is REVIVED
Majority Opinion Inclines TO Expec-
tation of Amicsble Settlement of
British Coal Troubles and
Lawrence strike.

NEW YORK, March i.-Greater activ-
lily. breadth and strength marked today s
operations on the Stock exchange. At fire.
quent periods the market showed a tend
ency 70 throw off It's temper OF the past
fortnight and. on the surface. at least.
the movement was suggestive OF partial
revival Of outside interest.
The days trading comprised more than
the usual number OF relatively inactive
and minor issues, but later spread TO
stocks OF influence such as United States
Steel. Union Pacific and Reading. The
two first named sold "ex-division'' and
soon recovered It's iIs per cent with a
substantial gain for Union Pacific.
The shares Of the southern railroad
companies, especially OF Louisville 4
Nashville and Atlantic Coast Line. were
In excellent iemand at smart gains and
buying was attributed to inside sources
OF the grangers, st. Paul was one OF
the most active features.
Majority opinion inclined to expecta-
lions Of an amicable settlement of the
British coal troubles. In spite of the
negative results Of the days conferences.
and the probable adjustment of the
strikes In the New England mill towns as
a result Of an increase In wages. Dis
patches from some Of the leading trade
eenters stating that trade in general is
moving more satisfactorily were not with
out their effect.
The market was subjected to realizing
sales. with resultant recessions. The
undertone remained firm throughout, but
business became less active after the early
demand and short covering had spent
their force
London was again seller here TO the
extent probably of i0,0o0 shares, but this
was partly offset later by purchases OF
the coppers. Another large withdrawal
OF gold for shipment TO South America
brought total exports OF that metal from
this country we'll above 100000 50 far
this year.
Further negotiations for loans to Ber-
lin were reported with offers Of per cent
for thirty days accommodations. Local
time money rates stiffened somewhat be.
cause OF this demand.
Estimates Of the weeks cash loss by
the banks were smaller than had been
expected, the most conservative forecast
being about s3,0oO0co decrease. Another
loan expansion. due 20 stock market ac.
tivity In not unlikely.
or the days returns. those OF the Van.
derbiit system were the most favorable
New York Central reported a net IN,
crease over January OF $437000. with q
total for all lines OF about s610,0oo ths
Pennsylvania eastern lines show a net
loss OF $4,000. with only a moderate In.
crease for those west Of Pittsburgh, North
ern Pacific's net decrease was more thar
$4,000 that OF Chicago & Alton s1l7. 90
and Boston a Maine $4,000. Nationa
Railroads OF Mexico increased its neI
earnings by $4,000. these figures, to b.
sure, contrasting with the very adverse
conditions which prevailed IN the re
public year ago.
The bond market reflected the improve
ment shown In stocks, with a good de
mand for certain investment issues. Tota
sales. par value, we're t2,6i7.ooO. Unites
| States A. registered. advanced u per cen