Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1912-04-24
new YORK STOCK MARKET
Better Prospects in Engineers Dis
pute Influence Trading.
MATERIAL ADVANCES SCORED
Level In Morning, with Continu-
Gus Trading, bat Buying De-
creases In Afternoon.

| NEW YORK, April 2s-The more ia
vorable outlook to the controversy be-
tween the railroad managers and the To-
connective engineers was a most important
factor in shaping the course OF today's
stock market
]. was known long before the opening
OF business that a halt had been called
in the threatened strike, but IL was not
until later that official announcement
was made ct the willingness OF the en-
gfneers 10 accept mediation.
Yesterdays lethargy and heavfness gave
way &c energy. which resulted in a num-
Der OF material advances at the very out
set. These were were soon extended ana
BY midday gains OF / TO 2 points were
general. There were a few exceptions TO
this tendency, notably in the tobacco
group. some Of which suffered severe
declines. presumably in connection with
the adoption yesterday by the United
states senate OF a resolution calling for
review of the recent decision m the
American Tobacco case.
Reading, which sold ex-dividend Of II.
per cent, was the most prominent feature
OF the day. Initial dealings were on an
unusual scale and the stock more than
recovered its dividend in the first hour.
in the early afternoon IL was selling over
s points above yesterdays low price.
The entire list was stimulated TO a
higher level in the course Of the morn
ing. with little diminution Of business
but in the afternoon trading fell off ap-
preciably. Various obscure issues took
the place of the speculative leaders in
the later session, at which time the mar
ket was going through a natural process
OF digestion.
Prices were disposed to yield frae-
tlonaliy ION heavy. realizing for profits.
but another buying movement In Read
Ing. which advanced to 1851. infused re-
newed strength elsewhere. Just at this
period there were some contrary move
ments In the speclaltles. Sears Hoe
buck added very substantially to It's pre-
vions rise. with a gain OF ga points on
American Sugar. while Central Leather
and Bethlehem Steel declined.
The closing was stfong. with the usual
recessions frpm the top. International
Mercantile Marine bonds and the pre-
ferred stock were In better demand and
made some recovery from their recent
heaviness.
In banking circles some attention was
paid TO the renewal OF loans In this
marker by London, which were made on
the basis OF 81 per cent for thirty days.
Revival OF demand from abroad was said
10 be ~ue to unexpected requirements
and postponcment OF expected ease. The
yorable, on the whole. despite some
gloomy forebodings prompted by the re-
cent industrial upheaval In Great Britain.
Local monetary conditions were de-
cidedly easier, sixty and ninety-day loans
having been made at 81 per cent. q re-
duction OF 4 pea cent from the previous
dy. Apparently the further drain 10 the
Interior amounting thus far this week 10
almost b,0o,ooo. has excited no misgiv-
ings.
The annual report OF the General Elec-
trio company. showing a falling off In
earnings, was without effect on the
stock. which took a prominent part In
the days rise
Bonds were strong. with marked gains
In Denver a Rio Grande IA and Wabash
y. Total sales. par value. were s., 5000
United States government bonds were un-
changed on call
Number Of sales and leading quotations
on bonds TO-DAY were