New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
STOCK MARKET REVIEW
Strength in the General List and
Some Advances.

After Thursday market most o"S
kind Of an opening might have been eX-
pected yesterday; so when the session
started with n quiet, firm tone the gen
eral acceptance of the situation seemed
TO be agreeable to both sides Of the trad
ing position. Local fractions doomed up
strong and held the centre Of trading In
terest, Brooklyn Rapid Transit and the
Jnterborough both showing rising ten
denotes. Reading gained 70 on its initial
sale, but I,ehigh opened Il off. Union
Pacific. Steel and Smelters were frsc-
tionally strong.
Politics occupied the attention or TRAD
ers to such an extent that the dun al
nnosphere on the floor continued during
the morning, the quiet buying Of special
ties passing by with no special signifl-
canoe other than an undertone or DULL
ishness. American Sugar and American
Rect Sugar were strong, and the cause
assigned was the same one used TO
bull American Can-simply that the fruit
crop is so promising that not only Will
there he a big demand for cans, but
sugar mills next fall will be working
overtime To supply the demand occa-
stoned by the expected big fruit crop.
There was little inclination exhibited
among the big interests TO pursue an
actively aggressive plan Of operations,
but there was strong showing IN tho
consistent buying Of such issues as
CHANGED to be selected. Pittsburgh Coal
stocks were favorites among the others,
there being talk OF a retirement of the
preferred and payment Of back divi-
dends. American Can was still in the
race for higher prices and seemed to be
gaining some favor. American Tobacco
was among the stocks which had rumors
circulating around them. Some said
this stock would get scrip dividend,
while others contended that stock divi-
dend Of 50 per cent was probable.
On the theory Of stock dividend
American Tobacco advanced to $50, but
the scrip theorists gained supremacy in
their following. and selling by those who
had pinned their faith to 81 per cent In
stock sent the price down to 1884. Sea-
board Air Line came in for some popular
buying ana ndQ q rise, anu Ohu'i "OVN
Typewriter. on a report of good earn
ings, was one of the strong specialties,
advancing points.
The market displayed no special &C
tivity in the late trading, but there was
q broadening tendency, which was &C
Cepted as meaning that any favorable
news Of Importance would bring on
a strong bullish development The &C
ton of some of the rails did not arouse
mich hope among those who take tho
action Of the market AS a discOunting
indicator Of coming events, and there
were some who thought that poor earn
jngs statements Of the railroads Tor
April. which was a hard month for the
roads. were being forecast by the range
Of prices i'm many rails. Peoples Gas
advanced Just at the close, and few
others showed strength.
So far as the real news Of the day
went. outside of the subway develop
ments and the Board of Estimates APP
uroval of the proposed terms Of subway
contracts there was nothing that could
I've used as market influence. London
did nothing and the foreign holidays
will keep the London Exchange closed
until Tuesday.