Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1912-04-27
new YORK STOCK MARKET
Dealings Attended by Greater
Strength and Activity.
READING AGAIN THE FEATURE
Belief Gains Ground that Company
VIII Confer some Form of Benefit
Upon eholders-Upward
Movement Broad.

NEW YORK, April 2s-DealIngs in tn,
stock market today were attended b!
greater strength. breadth and activity
Unlike yesterdays session, when ven
considerable part OF the trading wa.
made up OF specialties and securities o
secondary Importance. today bushes,
embraced a vast majority OF the specu
lative favorites and other stocks Of rec
ognized merit.
Reading was again the spectacular fea
cent quarterly dividend. brought The
stock up to iTS or IS points above IL,
| previous record price. achieved In 1910
Sales OF Reading for the day aggregated
Too shares. or about 3 per cent OF the
whole. quite naturally, Readings rise
was accompanied by various reports and
much conjecture, but for all this there
was neither official sanction nor en-
couragement. Nevertheless, the belief
gains ground that the company In the
or long deferred opportunity TO confer
some form OF benefit upon its share
holders. Lehigh Valley. whose commun-
ity OF interest with Reading Is web
known. was another fairly strong stock,
but the higher priced coalers shared only
slightly In the general advance.
The ease with which Union Pacific.
United states Steel and other important
Issues advanced, seemed TO be proof OF
the existence Of a long short interest
rather than any belated recognition o,
intrinsic values. Earnings OF the Har-
rlman lines for March. published after
the early rise, were Disappointing,
Union Pacific lost $3.50 900 in net, and
Southern Pacific s214.000. This makes
the formers net gain less for the nine
months OF the fiscal year $1,000. and
Southern Pacific's S2.7f7.eoo.
The copper and affiliated issues took a
prominent part In the days operations.
Amalgamated more than recovered its
Increased quarterly dividend In the finaI
hour. II Is not unlikely that stimulus
was impaired to these stocks by officiai
statistics from Washington. indicating a
total Of exports and imports OF the
metal for this year Of not less than $780,,
Oo,00 or two and one-half times more
than a brief ten years ago. What 10
more important, over rs per cent of thu
total represents shipments out Of thiA
country.
American Beet Sugar was another stock
promptly to regain Its dividend. while
American Can common and preferred es.
tablished new records, with the usual
heavy dealings In the former. Other &C,
tive and strong specialties included
American Sugar. American Locomotive
American Writing Paper preferred
United States Rubber and sears-Roebuck
The impulse back OF some u
these stocks was clearly OF maniprlative
origin. but seemed none the less effective.
FIltSs ilhuitcoAtn II ulbpOFltsOu 10 HdE
and business was less ac'.ve In the last
hour, but not until Reading had added
another fraction &C. che previous best
price. Reactions extended 20 2 points in
Reading and point Of whereabouts In
other prominent issues. but the closing.
while duh, Vas strong.
Among me favorable influences OF the
day was the progress reported in the
engineers dispute and the monthly re-
PIT Of this country's foreign commerce.
Total domestic exports for March ex-
coed t2o2.0Go.0o0 against slhS SO. 900 In the
same month last year. Imports for the
month were s76oo,0o0 greater than in
1911, the principal gains being In crude
and prepared foodstuffs.
Estimates dealing with the weekly
movement OF cash were conflicting with
the probabilities fayorlng little more
than nominal changes. Moneys received
from the interior appeared to be offset
by large special payments to the local
spbtreasury. Rates on call and for
various maturities were practically un,
changed, with only a moderate demand.
Bonds were Irregular and failed 10 re.
fleet the movement In stocks. Totaa
sales. par value. aggregated s2,6ep,OoO
United States government bonds, un,
changed on call.
Number OF sales and leading quotations
"A bnnda tQJaV