Norwich bulletin., 1910-11-16
FINANCIAL AND COMMERCIAL.
PRICES SUSTAIN ED.
The Stock Exchange Source Of Much
 Curious Conjecture.

New York Nov. 15.-There was much curious conjecture abont the stock ex- change today as to the source of the aggressive operations which were re- sponsible for the principal price move- ments of the day. This conjecture took the place of the usual inquiry as to underlying factors in the condition of affairs and such substantial motives. The surmises found no authentic in,- for1na ton on which to go, but they pointed for the most part, to foreign participation in the market, possibly cOuntenanced and informed by private banking interests of power and author ity in New York
 It was currently believed that the resources embarked in the largest of the days transactions were found in Paris. Yesterdays rumors that the listing of Union Pacific in Paris was near to accomplishment were denied but tbe speculation stall centered large lr in that stock and in United States Stcl The manner of execution of or ders in Union Pacific was criticised amongst brokers owing to it's appear ancc of manipulation. The high open ing price was not exceeded and the subsequent sag in the stock and the Unrcs ronsiveness of the general List to the advancing tendency aroused the diStrust which prompted selling. The leaders were bid up again in ths final dealings in fact of the continued indtf- ference of the list.
 Contributory causes to the copstraint on the upward movement were found in the poor earnings reported yester- day by the Great Northern for October. That stock, in consequence. YVES un- der pressure and dragged other trans continental railroad stocks downwards with it. Canadian Pacific suffered from the disappointment ot speculative hopes of an extra. disbursement. the gst.. i'm. SI,a a,.rlv 1on of only the regular dividend. The assembling of the British parliament and expectation of an early disssolu- ton for a general election proved an unsettling influence on the London market The heaviness of stocks in London threw discredit on the alleged hu, ing for London account in tine local stock market and laid it open to Sus- picion of other origin.
 The money position showed evident Improvement and supplied the most Suhsta ntiai basis for higher prices of stocks The issuance of the control lers call on the national banks seem = cd to release funds which had been 1eld back. apparently in preparation for the report of condition. Related cur reucy shipments held up by the ex- press strike also helped to swell local oa nking cash. The foreign trade state nent for October was received with errafifca ton in financial quarters as an iudica ton of the rectification of recent a.brormal tendencies in that depart ment. The value of exports rose to q record figures for any month at s20s.- 5T,7S5, and while the decline in the value of imports from last year was slight. the sS4.1s9.337 excess value of expOrts established to substantiate a volume of credits fof the New York exchange market as to afford great assistance to the working out of the money problem. This showing con- frYned the confidence that the period of greatest strain on the NerS York rnorey market for the present season n7frht be supposed to have pa sesd- This confidence had more influence in susfainiug prices -han anything else in the days news.
 Bonds were easy. Total sales, par value. s206S. GOO. United States fours reeistered declined 1-4 per cent. on call