Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1909-04-15
FINANCIAL AND COMMERCIAL.
LACK OF ANIMATION.
Tone Of General List of Stocks Re-
sembIed Torpidity at Times.

New York. April 14.-There was a
notable lack of animation in the stock
market today, reaching a stage resem-
bling torpidity at times. large pro-
portion of the daily operations at the
present period are supposed to origi-
nate within the walls of the stock ex-
change amongst the professional room
traders. A market Of such narrow
proportions is not impervious even to
such a strictly local influence as the
weather, which was calculated to dis
courage a spirit Of enthusiasm today.
To that influence was attributed
share in the repression that was shown
in the days dealings. 1t is apparent,
also. that increasing attention is given
by the stock market operators to the
grain crop conditions. In view of the
admittedly impaired condition of the
winter wheat crop, extra interest CEN
tiers in the preparations for the spring
wheat crop. The advices from the
spring whea@ region today were OF I'M
propitious conditions for seeding owing
to the Indictment weather The -ensi-
tive condition Of the wheat market in
its highly speculative state empha-
sizes the effect of news factors in that
market, and, by reflection, in the stock
market.
The extension of the long interest in
stocks in the course of the prolonged
rise adds to the vulnerability of the
market and the professionals are
Watchful for opportunities to attack
the bull position and to attempt to
force speculative liquidation by de-
pressing prices and exhausting mar
gins. These attempts were but mod
erately successful today, in spite Of the
vantage point Of the lower price level
already established in yesterdays trad
ing Some slight unsettlement in the
opening dealings was due to fears of
the effect of the Turkish troubles
This selling appeared to come from
local sources in anticipation of foreign
selling. but when it appeared that
London was, in contrary, buying stocks
in this market. the early depression
was overcome. The rise which fol-
lowed was again interrupted by evil
dences of liquidation on the part of
professionals, On the crop outlook and
the call for a reaction on general
principles Some of the special stocks
which have been pushed upwards most
rapidly OF late plainly showed the eff
fects of profit taking, and this had a
sympathetic effect on the general list
Fresh advances were brought about at
new points, and this served to offset
the effect of the weak stocks and to
keep the tone unsettled. The coal
road stocks were strong as a group.
far above its previous record price to
$50 on sales of only a few hundred
shares. This advance was the onlv
Coiroboration of rumors of a plan for
large extra disbursement to the stock
holders Of this company. There was
some further show of strength, also,
in the Gould group and reports con-
tinued to be heard of the maturing
Of the plan Of the extensive financing
of those companies. Reports Of shad-
ing of prices of wire products indicated
that the downward course of steel
products was still in progress. The
market closed with rather sensation
al demonstrations going on in the
coalers. but the tone Of the general list
was irregular up to the last Bonds
were irregular. Total sales, par value.
s4,1e0,00o. United States tWos cou-
pom and three advanced IA per cent
on call.