The Birmingham age-herald., 1912-05-15
6TEEL AGAIN TAXES
 PLACE ASLEADER
Dealings Devoted Largely to Specialties and Other
 Minor Issues

4 New York. May 14.-Dealings in secnri- les on the stock exchange today were de- foted largely to the specialties and other zhinor issues, to the neglect if not the etriment of the more standard shares. <ehigh Valley and Reading contributed Sheir' usual degree of activity with some 2 arly strength while United States Steel Hnce more took its old place as leader. transactions in that stock far exceeding Ehose in any other issue at material
 ain. In fact steel manifested more un- aerlying strength than at any time since 2<he publication of it's unfavorable quar- |frly Statement a fortnight pack. Other movements of note included Ca #adian Pacific. which rose to 26Ss4c. fnereby eclipsing all previous high rec rds; International Harvester, which ad- <anced almost points from it's early Pw figures on rumors of an approach %lg settlement of Its dissolution suit, and Zears-Roebuck, which touched it's best
 uotation for the year on relatively large
 transactions. There also were activities
 American Sugar, which held firm &espite the failure of the directors to in Tease the dividend; National Biscuit, Uni
 
 Hlternational Paper common and pre- Erred, American Car and Foundry, Press
 i Steel Car, Republic Iron and Steel pre- Erred and numerous other stocks which Erely have experienced any considerable 2ublic demand. American Can issues, Pntrary to their recent course, were un-
 er some selling pressure and the copper locks failed to benefit to a market ex- knt by the greater firmness in the metal Iarket
 In the railway group two of Canadian /acific's allies-Minneapolis, St Paul and hulte, St. Marie and Wisconsin Central
 ere active at better prices with gains of
 point or thereabouts in the New York
 entral, Union Pacific and Louisville and &ashville. Among the less prominent
 ilroad stocks, Rock Island preferred,
 issourt Pacific, Wheeling and Lake Erie
 rst preferred and a few other stocks lat are seldom quoted, reflected mod Fate buying orders. The close was fairly
 rong with better tone to Union Pacific
 ld some other stocks of speculative im- Fbrtance.
 The hearings of the government suits
 dissolve, the United States Steel Corpo- tion and the American Sugar Refining &mpany evoked little interest
 market, like our own, suf- Hred from confusion of prices, the one <ftstanding feature being the strength
 Canadian Pacific resulting in part, it Eas said, from buying orders originating
 Berlin. Operations for foreign account Ere was estimated at about 20,000 shares. Nrchases of steel being offset by sales N the coppers.
 &rhe light demand for money here con [1ues and some concessions from recent &otatons are being made. Commercial per IS In better request, condition that *speaks more encouraging trade out <pk. Leading bankers are negotiating
 some more financing of railroads and Hdustrial corporations which is expected E presage more buying of equipment Wd raw materials.
 N3onds were irregular today, some of he better known issues tending toward & &avlness. A rise of almost 4 points in &e 41s per cent bonds of the Dupont Pow 8r company was the one feature. Total &les par value, aggregated S2,S GOO H 'anama Ss registered declined I per ent on call.