Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1910-09-01
FINANCIAL AND COMMERCIAL.
PRICES ALL AT SEA.
Dealings Lapse Into IdIeness-Disposi-
ton to Await Events.

New York, Aug 31-The month of
August came to q dull and uninterest-
ing close in the stock market today.
The dealings lapsed into idleness and
prices drifted listlessly. No one show
ed willingness to take a decided stand
in the speculation. The number of de-
velopn1ents ahead which are deemed
important from the speculative stand
point might account for the detern1in-
ed waiting attitude The early part of
September is to bring the government
reports on the various crops, the Cop
per Producers association statistics,
the United States Steel corporation
statement of untitled tonnage orders
on the first OF the month, besides va
rious political events, for which a
growing interest is being shown in the
speculation. The end OF the present
week brings a triple holiday, to bridge
an interval before these expected
events begin to occur. Some occupa-
ton was provided in the financial dis
trict in the preparation for the month
~ money settlements. Otherwise the
disposition was to sit and await
events.
The September payments will amount
to 3s2, 4S3, 900. according to the COM
putation Of the Journal of Comm cree
and the details Of the estimate show
that the amount is 12,04s, 600 greater
than in September of last year, with
SS,549, 900 of that amount on account
of increased dividend disbursements
The growth of prosperous conditions
this implied had some effect in main
tanning the firm undertone OF the al
most lifeless market. The remainder
of the increase for interest account is
due to the additions to bond and note
issues since last year. Various COM
panies published their annual reports
in the course of the day, and here also
49, 1f
which was increased in the upward
movement of several individual stocks.
The strong current of the cash move
ment away from New York was a
factor in the suspense in which the
speculation in stocks was held Sub
treasury operations have taken from
the banks already since the last bank
statement se.4S0.O00 and shipments to
the interior and to Canada are being
made on a large scale. The effect is
showing in the rates for time loans,
which have been marked up a fraction,
and in the call loan market, which Is
ruling appreciably firmer. in spite of
the almost purely nominal demand in
that department. The character of the
testimony being offered by railroad
officials in the rate hearing before the
interstate commerce commission in
vites to discussion in the stock market
and to very mixed views as to the
probable eject On SUCK PRICES. ANY
Strengthening of chances for higher
freight rates makes for higher prices
of stocks, but the arguments offered
on behalf of the plea for higher rates
are calculated to depress values. The
conflict of these factors is an element
in the hesitation shown in the specu-
lation.
Reading, Union Pacific and United
States Steel again absorbed the bulk
of the dealings. Aggregate sales Of
all stocks fell to a total of 100, 900
shares, and when from this is deduct
ed the 96.1o0 shares of the three act
i've stocks mentioned. the narrowness
of the general market may be appre-
ciated There was day in July, 1908,
when the days sales reached only 49,
900 shares. Today's total was the
smallest for any day since.
Bonds were irregular. Total sales,
par value. Sl,252, coo. United States
bonds were unchanged on call.