Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-04-28
EFFORT At REACTION
Pressure Brought on Stocks
Early in the Week.
DUE TO FEAR OF STRIKE
Moment Professionals Release Grip
Quotations Improve.
INTEREST IN PROSPERITY
Public Pays More Attention to That
Than the Ups and Downs Of
DUE TO FEAR OF STRIKE
INTEREST IN PROSPERITY
Public Pays More Attention to That
Than the Ups and Downs Of
the Stock Market,


Copyright 1912. by r. G. Hopper. New York
NEW YORK, April 27.-Strenuous eff
forts were made early in the week to
bring about security market reaction. but
such recession as could be produced was
traceabIe to railway strike possibilities
no appreciable influence due to Titanic
catastrophe, Mexican complications or the
hubbub of politics. Wall street still az
fects to regard Mr.. Roosevelt as a cor
poration antagonist. but when he scores
an occasional primary victory nobody
does any visible trembling.
The moment professional pressure was
relieved, and the market permitted to
have its natural way, stock exchange
business responded and quotations i'm
proved. Some of the activity recorded
and the advances registered have forceful
significance. One representative incident
has to do with what appears in the Van
derbilt quarter. AS long ago pointed out
in this review Though professional Wall
street has continually disputed). there has
been adopted, and almost in detail, a pro-
gram for the unification and concentra-
ton, Of all of the Vanderbilt railway
properties into what virtually will be q
single system. New York Central stock
Is up a dozen points since that forecast
was made here, and the lesser properties
what popularity are called the Junior
vanderbflts-are now beginning to show
q new life in the market. They are
coming into opportunities not hitherto
measured adequately, even by enthusiasts.
Some o. those of the very lowest price
land the lowest include stocks selling this
week in the teens) are likely to be found
actually buoyant before q great while
hence. Much depends, all depends. upon
the conditions and course of the general
market. for IL by mischance gloom and
depression should Gust the hopefulness
market as q whole thereby go lame, it
can hardly be expected that any special
group will lift itself into isolated cheer
fulness and strength.
But as the market at present appears,
- almost every aspect OF It seems to IN
dictate land this includes technical factors
as well as those that are naturaD, the
outlook Is not merely for q. strong mar
ket, but for broad one-and for mani
festation Of this betterment right away
When fair observers recognised bullish
symptoms In the market even in the
midst Of depression following New Year,
there was only sc0mng comment from the
professional wise ones of Wall street.
They could see only what was dark and
threatening to be darker-their list of
bear Arguments long and statistical
enough to compete with q telephone d.
rectory. The result already recorded Is
VI y 68xu Wcu Ou tOW8Lu u DlillOu Oh
dollars in market value since piled up
this phenomenal exhibit, as in some detail
cited in this review last week, approx
mating q million dollar rise in one
telephone stock. $50O00O0O for a couple
twin Hartman railroads and q matter of
$100. 10000 for steel trust shares.
Throughout the registration of this stu
pendous market value increase there has
persisted, and with hardly any relaxa-
ton, the most devoted pessfmism upon
the part Of a majority of those who re-
gard themselves as epitomizing the "tal-
ent" OF Wall street. For a long time
they fought Aggressively-have sermon
lied all the time, been hysterical most OF
the time-are still fighting, but now in q
relatively peewee fashion. Their groan-
ing over the c0untry's sad situation at
New Year changes only to the extent that
n0w their 0r0Qua arc for fhorn