Omaha daily bee., 1912-04-18
new YORK STOCK MARKET
Titanic Tragedy Causes Hating and
Uncertain Tone.
INFLUENTIAL MEN ARE LOST
Majority of Active stocks Register
Advances In Initial Dealings,
with Union Pacific
strong.

NEW YORK. April 1.-THE stock mar
ket today offered further proof OF its
hating and uncertain tone In the wics-
spread depression caused by the great
est marine tragedy Of modern times. The
catastrophe comes home TO Wall street
with especial force. for II involves the
loss of men OF influence here.
Securities OF the International Merean-
tile Marine company manifested better
tendency on very light dealing at the
outset. the common shares rising frac-
tionally, the preferred stock ! point and
the "a per cent bonds IL points. Later
they receded slightly. but were under
no selling pressure at any period Of the
session.
A majority OF the active stocks regis
tered advances In the initial dealings
with pronounced strength In Union Pa
cific common preferred. Before the end
OF the first hour a selling movement re-
versed the market course and many Of
the standard issues went under the pre-
vious days lowest quotations, while busi-
ness fell TO minor proportions.
Midday brought partial recovery with
especial resillency In Amalgamated Cop
per and American Can. while pressure
against steel was but slightly relaxed.
The heaviness Of steel was accounted
for In part by the dissemination Of ru-
mors dealing with the possible action Of
the directors at their quarterly meeting
a fortnight hence. The financial district
seems to take II for granted that earnings
for the first quarter will fall short Of
dividend requirements on the common
stock at the present per cent rate and
that this condition may affect the policy
OF the corporation fer the ensuing year
Amalsamated and other copper stocks
as well as American Smelling held fairly
steady during the greater part of the
day which was characterized by extreme
dullness In the afternoon. International
Harvester and Bethlehem Steel common
preferred were among the few strong
features In the special group, with unex-
planned weakness in the fertilizers.
In the last hour prices rose all around
but the advance soon was followed by
stagnation and recessions from the top.
The closing was marked by much firm
ness and a mixture OF losses and gains
The greatest announcement was found
In further analysis Of the country's ex-
ports for March. which were greater
by more than 25 per cent than In any
corresponding month and increased some
ts.ooo.ooo over March Of last year.
A feature Of the days operations on
the curb" was an advance TO 100 In
the price OF old Marconi wireless shares
by a rise OF Is points for the day and
about double its price OF week ago
with an Increased demand for the stock
abroad.
The weekly return OF the Imperial Bank
Of Germany was notable for Its -. .0oo, 900
contraction In discounts and s1s00, 900
gain In sold and psooo,ooo increase in
cash.
Announcement that New York City is
soon to issue some ssS.0oo.oo0 fifty-year
~ per cent bonds was followed by heavi-
ness IN outstanding issues. Otherwise the
bond market was mainly irregular. To-
tai sales par value. aggregated t2tf9. 900.
United States government bonds were un-
changed on call.
Number OF sales and leading quotations