The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-04-08
New YORK stock Market.

Wall ST. New York April 9.-STOCkS-
The stock market today was stimulated
by the settlement of the English coal
strike. London markets were closed, but
Londoners bought here in moderate guam
titles Reading and Lehigh Valley Iea-
tured the second hour by adding TO carry
gains on rumors that the Reading case
now before the United States supreme
SQUIRT is likely soon to reach conclusion
Pennsylvania, long inactive, advanced 70
it's best price in almost year. anu NeW
York Central also rose substantially, Out
other standard railway shares were pare
ly steady.
ment in specialties slackened except IN
American Car and Foundry which touch-
ed 61 a gain of "a. Liggett ana Myers
jumped 61S and Lorillard o points
Trading in the first two hours approx
mated half a million shares.
Bonds were irregular.
Sharp declines in the general marker
resulted from drive against Dnlleo
States Steel, which dropped from 1919 TO
71M Reactions equally severe occupied
in Union Pacific, Reading, Lehlgh Vailey,
Smelting. Canadian Pacific broke "a
sending it 1ss from Saturdays closlng;
Buying was soon resumed In SplrltsSu
fashion but the demand ran preLty Ilucn
to the minor proprties. Lehigh Valley
rose az and gains of 1 to 2 points were
made in many other stocks. ..
United States Steel was again the feature
on the stock market today. The nr 81
offering was a block of 6,OOO shares at 10
a gain of % over last week cIos sil
There We're l point gains py Stoai 18th
substantial fractional gains eiseWhelS'
AmaIgamated Copper inclined to heaVl-
ness, as also did Miouri Pacltlc. e..
Union Pacific rivalled United states
Steel in the early dealings, both adVanc-
ing to new high prices for the movement;
while the American can issues aiso SCI 5t'. 81
into the specialties, including equipment
shares the Independent Steel issues ana
Tobaccos while united s onffe1 Pae atge
soon fell under last weeks closing quota
tons.
Speculative interest abated late in the
afternoon and the important stocks hard
" moved either way. Buying OF various
low priced shares was based on olVloeho
expectations and other individual factors
Pool operations were IN large scale IA
various quarters and there was quite an
extensive absorption Of stocks by comnlS-
sion house clients.
strength in the Copper group did not pre-
vent recessions in other leaders, especially
Union Pacific, Reading and United States
Steel all of which sold at the lowest.
Rock Island common and preferred jump
ed upward and Lehigh Valley touched It's
highest of the day. These diverse move
ments were evidently designed to facih-
tate distribution of stock
New York Money Market
New york April S.-AfONEY-Money on
call firm, SG4 per cent; ruling rate. per
cent: closing bid 31s per cent; offered at
ga per cent. Time loans, strong; so days
go per cent; 80 days, 34Q4 per cent; six
months, per cent.
CLOSE: Prime mercantile paper, Al
to AZ per cent.
Sterling exchange steady with actual
business in bankers bills at $4.s4 for SO
day bills and at $4S6.s5 for demand. Com
mercial bills, $4.S3A.
STANDARDIZATION dollars, 47c.
RONDS-Gover bonds steady, rail
road bonds irregular.