The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-05-02
FINANCIAL NEWS
AND COMMENT
Substantial General Gains Made
in an Active Stock
Market.
UNION PACIFIC LEADS
Rate Case Expectations Chief
Influence in Further Re-
covery Of Prices.

There was broad buoyant upward
movement in the stock market yesterday
which was an obvious response to a num-
Der Of stimulating influences. 1t seemed
altogether likely that the forced covering
Of short contracts was chiefly responsible
for the vigor Of the all around advance.
but there were indications throughout the
list OF more confident buying for the long
account than has been seen since Janu.
airy.
The session came into direct COMPARE
son with the January market, but In con-
trast with that the dealings yesterday
had more substantial basis than was
offered at the beginning OF the year. Tho
last four months have given quoted values
further seasoning OF adversely, and
the market has been placed In a position
ofmuch greater Intrinsic strength. 1t has
measured the force OF various unfavora.
bic factors and is nearer a season when
encouraging developments Of a meritori.
Gus character are in order
Dealings yesterday were started with
out any impulse from abroad. The Lon.
don market was closed for May day. and
wall Street rarely derives any initiative
from the Continent when business Is sus-
pended at London. The first impulses OF
the local market were to continue the
less irreCuIarly on tho nrev,o,. a. -
the week, but IL soon became ann.r.nt
that the share list had received a new
Impetus. From hour to hour the leye, of
prices rose with but little recession, and
the market broadened as tho advance
went on.
In the last hour there was some little
general setback incidental TO profit taking
sales. but selling was very we'll absorbed,
ana toward the close there was a renewed
tations was vary near ,ha So. - a. W.
sion. The array ~ No, ya,ns sho. une se
impressive J'n;on pac,no - 80, ~
yiously tho ,eader n, ,ha r,ars., =.
was powerfu,lv sunnor,cd b.. s,o,a -
shares of ali sorts and oven ue,t snanI,ii
tics dIsnlo ved revi,.ino an,w,a.ia, ~
total OF tronsaction. was well IN "a ~
largest volume. NJ che ,nos, oo.,,, a.,
advance or decline in regent mnn,hs
For all one cou,d ace Mer,can ac,a,r.
p,aved I,,tIe mar, In ,hs d,v W., &C..
js ouit. willing IN disn,,s. M.w,nar n,a,
ters from Immediate attention. hei,ovinv
thar tho worst wa. fu,,v discomr,as
week ago and that there Ia No need NJ "a.
eardinU the no..ih;lities ~ rayorah,a o.,
COMES u,hen there o.. n,hor nn,i,,i..,.
con,inuencia. ~ WOE i,nna,t,,a $500.
ouence
In mi, resnact ,bs deve,onuen.. IN tha
closing sta yes ~ the Eas.ern raiiro,d rato
case clearly exercised the yre,test irf,u.
.nco TIL ,awis.,or hv The Sorar,o., m
,ayon,st ~ the RAILROAD. that they haa
damnns,rat.d an inaSeowacw NJ aorr,ms.
VS. snf,cien, tn indnca iiys,,sr .xnoc,o :
lions or dec,sion nv the Interstate
Comrsrco Commi..ior corced,rr a, Los,
-, ,,,n ma,n ;,raa. ,t,int,
,,n carriar. have arriisd Under ,b~ civ.
o,,r,,s,aroos Vel, Street Soas NOT cor.
very much IL decision should be de-
,,ss ,nr r,anth ,nnoar aIthourh ,bsrs
TO- ,,a o,,os,,on that The errec, ~ n IA :
~orah,a Secision would he heightened n \.
should come earlier.
,,' .a -, ,.,,.o- ,or en-. 1,r,or
p.n,s, r'anagewsr, in The eStra dividend
naso en- vas "" resnons,b,e for the ieadership
Witch Tnion Pacifc shares exercised over
,,a whole lis, hnt Il was certainiy among
liz onno,ra s,nv items of marketwise
w ~, NJ, -a.nao,a "a