The Birmingham age-herald., 1912-04-30
GENERAL TONE OF ISTOCK MARKET DULL Aside From Sharp Advance in Prominent Anthra-
 cite Shares

New York, April 29.-Aside from another sharp advance in the prominent anthracite shares and more or less obvious manipula- lion at higher prices in various special Hes, the general tone of today's mar let was hesitating and dull. Last week s ensational trading in Reading was re- {umed on a moderate scale, putting that lock well above it's previous high rec Id and infusing some strength to the st and second preferred issues. Lehigh alley also figured prominently at a gher figure than it has recently attained. he movement in these securities seemed } be no less speculative than before, hut interest was heightened during the hrly part of the session merely because he United States supreme court was sit Ing. which implied the possibility of some prt of decision dealing with the status the coal roads. However, nothing of n untoward character resulted from the (eliberations of that tribunal apart from ] decision which favored one of the Hill Ines and a Hartman subsidiary as |gainst the state of Washington
 
 fteel. Union Pacific and Amalgamated Copper were relatively heavy. Traders )eemed indisposed too buy or sell Steel bending the publicatin of it's quarterly Placement tomorrow. As for Union Pa- Bfic, its earnings for March were not Ialculated to inspire any ventures on be bull side. The backwardness of malgamated Copper was the more strik- hg in view of the activity and strength some. outside copper properties. There were gains of l to points In a bore of speciaties, including National iscuit. American Writing Paper, pre- krred; American Sugar, Virginia Caro- la Chemical and Pullman Palace Car in - last hour the entire market ve better account of itself with great strength in Steel and Union Pacific, hile Reading rose to it's best of the day Id eclipsed all previous high prices by Ter points. The closing was dull but long with jump over 13 points in Gen. of New Jersey, which Is controlled large part by the Reading company. aware and Hudson, another coal road, IA points and there were sympathetic ances in the general list.
 small part of the days irregularity ascribed to uncertainty and anxiety pected with impending political and in- Tisti tNtilS AitiiouSu tlle ullcTcutcb Neen the railway managers and the
 sers are believed to be moving to-
 a satisfactory adjustment, 1t Is real
 ome important points in the
 remain to be settled. There
 adverse speculative factors, tlins the latest turn in the Interna-
 Harvester dissolution proceedings,
 a few unsatisfactory railroad re-
 Harvester declined over points
 in the day and made but slight re-
 y Northern Pacific reported small
 ic crease for March, but the Rock
 system lost over $35,00O in net for
 honth.
 way managers in the middle west
 med the many accounts received
 ast week of. irreparable damage to
 wheat. but reported an increasing
 ld for equipment. On the whole the
 "a movement compares favorably
 same period last year.
 In was q liberal seller here but
 sns for that account were so mixed
 Rake analysis matter of difficulty
 9ieea, ,sJnd market was irregular
 ower tendency. Total sales, par
 amounted to $2,304000.
 ed States government bonds were
 nged on call.