Norwich bulletin., 1910-04-13
FINANCIAL AND COMMERCIAL,
CLOSE WATCH ON MARKET
For Effect of Mondays Action of Su-
 preme Court.

] New York, April 12.-The action of the stock market today was watched with curiosity and some anxiety for | indica tions of the wider effects of yes l teIday's action of the supreme court and the effect it will have in delaying 1 the final settlement of the antitrust I cases Definite conclusions were not 1 arrived at by close observers of the market, but enough occurred to modify | the first enthusiasm of the more | strictly professional element of stock l operators yesterday. It was evident, 1 for instance, that the violent rise in prices yesterday had brought into the market large selling orders both for home and foreign account Side by side with these was an influx of fur ther buying orders. The latter were believed to be largely for short account, including much of the buying through commission houses, the bears having become alarmed over the sudden rise of prices yesterday. It became further manifest that the new business thus invited was pretty well cleared up by the noon hour, without marked effect on the net price level The influence of
 the new position of the antitrust cases
 in reviving animation in the specuIa-
 tion was thus disappointing to those
 who had counted on an immediate ex-
 pansion in the dealings to the volume
 of past active periods in the specula-
 ton.
 The toning down of the first effects
 of the supreme courts action was due
 more to the conservative view taken of
 its effect by the financial and business
 community at large than iby the stock
 market element. It is believed that
 every large corporation will feel itself
 prescribed in its plans and in the scope
 of it's activities until the questions at
 issue in the antitrust cases shall be
 settled. In several specific instances definite projects already formulated must be held in abeyance until the su-
 preme court decision in those cases is
 "a I'd cd An yn111d have been preferred. therefore, to the indefinite postponenIent involved in the rehearing of the cases.
 Other news developments were of
 mixed effect. The resort to arbitra- tion of the parties to the New York Central wage dispute was confirmatOry of the confidence that labor troubles would find a settlement without wide announcements of the executive heads of the United States Steel corporation and the Amalgamated Copper compa- ny protesting satisfaction with trade conditions seemed to be taken with re- serve. President Ryan's hopeful ana lysis of copper trade conditions en- countered the falling price of copper metal in that market and Chairman Gary,s incidental reference to the falI- ing off in. thrilled orders on hand to be shown at the beginning of the new his claim for rising scale of orders in the current business of the corporation. There was perceptfble a moderated confidence in the predictions of an in crease in the next dividend on United States Steel.
 The gold engagements for tomorrow's steamer did not rise above $4,00O, 900, which was considerably less than last weeks estima tes. There was @ corre- spending decrease of apprehension over possible depletion of the banlr reserve cause.
 Bonds were irregular. Total sales, l par value, S1,677, 600. United States bonds were unchanged on call.