Norwich bulletin., 1910-04-15
FINANCIAL AND COMMERCIAL.
MARKET HOLDS STRENGTH. Further Evidence of Systematized Pro-
 ceedings of Large Operators.

New York, April 14@The stock mar l lret today gave further evidence of the ordered and systematized proceedings of the large operative forces which are | vance of the day before. Stocks which were strongest yesterday were sub jected to a process of profit taking at different times today to take advan- outside sources by the demonstration of yesterday. The new demand was reported to be considerable, as shown by the buying orders received by com mission houses. It was those orders, matched by the selling orders to real ize from yesterdays buyers, which gave the market its appearance of ami nation during the first hour. The narrowness of the price movement dur ing that time was a noticeable feature for the same reason.
 The markets greatest show of strength developed in new quarters, as is usual in pursuance of a planned speculative campaign, in order to give an appearance of variety to the deal ings and to extend support to the gen.
 era1 list to facilitate the profit taking. The aggressive measures employed for carrying on the movement is the proof given in their scope of the possession of large resources gave confidence to a speculative following and intimidated the professional opposition. The re- treat of the opposition by the covering of shorts was a material factor in the strength shown by the market.
 There was not much specific news to account for the action of the market, but current discussion about the stock exchange dwelt largely on general considerations Crop news was con- sidered encouraging and the decline in grain and cotton prices emphasized this view.
 England pointed to 8 decrease in the demand from that source upon New York gold holdings. Besides the gain in bullion holdings, the weeks repay ments to the bank amount to over $23.000.00o, and in addition $5.7So ,000 of American gold went into the bank today, with further large sums affoat for the same destination The March foreign statement of the bureau of sta.- tistdcs called renewed attention, how ever, to the abnormal conditions ex- isttng. The record imports, to the val ue of $162,955,076, established ex- cess value of imports for that month of $19,254, SIS, compared with an ex- cess value of exports in March of last year of $6.417,441.
 It has been on Thursday each re- curing week for long time past that the stock market has begun to show the depressing effect of the approach of decision day in the supreme court. That influence was decisively removed by Mondays action of the court in re- assigning tor argument the American Tobacco and Standard Oil cases. It is this change in the situation which re- ceived most attention in stock market circles. supplying the favorable basis for the speculative movement which has been inaugurated
 The two Hill stocks were strength ened by intfmations of coming financ- ing which it was believed might in- volve subscription rights to stock holders of value. Dividend increases were the subject of rumors about United States Steel, Pennsylvania and af77 eli ing agreement was regarded with sat isfactfon. There was a belief preva- lent that comprehensive advance in freight rates was in contemplation by the railroads as compensation for the rising wages of employees.
 Bonds were fif1ner. Total sales par value. $2,S04, 600. United States bonds were unchanged on call