New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-22
STOCK MARKET REVIEW
Dull Observation-Disclosures Trad
inq--Irreqular Closing Yesterday

That tired feeling was stu hanging
over the market from the day before, as
the bulls and bears faced each other for
yesterdays fray. There was hardly SUI
ficient life for an exhibition of snarllng
to say nothing of d contest Whlch
would arouse the messenger boys VINO
are usually sleeping, if not on the way
to luncheon or leaving work Public IN
terest in the market seemed TO be less
if possible. and the professionals We're
not anxious to do either one thlng or
the other. Prices sagged from lack or
ordinary huving, and the exchange could
have declared q holiday so far as indi-
Gated activity could be used as a sign
Of the DAYS movements. During the first
part Of the second hour there was d gen
eral cessation Of trading, except IN
few specalties. international Paper.
both common and preferred stocks, were
strong and sold at an advance over
Saturdays closing. Illinois Central also
showed some upward trend. United
States Rubber was among the best Of
specials. and reached 6Gia an advance
of practically 4 points above Saturdays
price. The rumor artists were busy on
Rubber. and their imaginative good
things that would come to holders OF
Rubber stock took in everything from
an increased dividend to a regular melon
cutting picnic.
Politics vas In evidence, and there
was some speculation on the nomination
Of the Republican candidates. To help
keep the hours from dragging too
heavily SearsRoebu and Liggott Il
Myers developed some strength, the
former went up to 1SS and the latter rose
to 1892. Lehigh Valley also went up and
then came down Tennessee Copper. in
keeping, showed some inclination TO
move higher. But as whole there was
hardly enough doing to make IT pay 10
keep the tickers owrking, and II
proposition had been made TO adjourn
for ride in a sightseeing car there
might have been an extra dividend in
prospect for rubberneck wagons.
the market was enlivened somewhat by
Rubber, but its resiliency, like all pneu-
matte tires and cushions, kept the market
a-bobbing. There was an apparent un-
friendliness to the plans for Rubber
financing as discussed in the Street.
Some one ordered paint for houseboat
and American Linseed became strong.
the argument being that the paint re-
duires oil, and this is the painting sea-
son American Smelling and Refining
displayed some betterment. which was
due to the Improvement in the copper
metal market. The closing period Of the
day evidenced some activity, but the
range of prices generally was irregular,
financial gains and losses being the signs
Of trading. Sears-Roebuck up 01s.
United Cigar Company up "a, United
States Rubber I'd preferred UP = and
Liggett & Myers up "a were the stocks
which showed the real advance on trad
ing, exceeding 800 shares each. There
was no change in the easy money con-
ditions, and the outlook for business is
still promising.
London developed a heaviness which
carried stocks to lower fractional levels.
Even coppers. the strongest Of issues
lately, were under pressure and sold
down. Selling of American stocks OH
Continental orders sent prices lower.
Canadian Pacific showing a decline Of -
points.