Norwich bulletin., 1910-04-01
FINANCIAL AND COMMERCIAL,
NARROW MARKET.
Real Buyers and Sellers Remained In.
 active.


 New York, March 31-The stock market today further disclosed it's mar row limitations. The professional operators who made up the market were timid about venturing far and a movement in either direction of any extent seemed to carry with it the nec- essity for a counter swing, like pen dulum- The traders are reported on one side of the market for a. time and then shifted to the other side, while real buyers and sellers apparently re- trained from taking any action at all. The course of events may be assumed to be insufficiently defined to induce speculative operations when a market Is so nearly rigid as that of today. The opinions held by financial authori- ties are found to be doubtful and hesi- tating in a degree that would be ex- pected from that state of affairs.
 Great uncertainty exists as to the significance of the decision of the su- prerne court not to accompany the body of the late Justice Brewer to it's resting place in Kansas. The desire expressed by the chief justice to avoid delay in the public business, given as the official explanation for the deei- sion, gives rise to supposition in the financial district that the Anleri- can Tobacco case may be decided on Monday. The opinion is universal in stock market circles that the handing down of that decision will be imme- dtately followed by a pronounced move ment of the market in one direction or the other. A state of suspense is natural attitude for the market to assume with near approach to the event. The subject was much dis cuSsed, with a repreSSive effect on ac- tlvity. Another matter receiving much attention was the number of railroads vanla by advancing wages of employees. That action was of mixed effect on speculative sentiment. The large in creases in expense of operation in volved received grave consideration, in view Of the high ratio of operating expenses already shown by monthly railroad reports and the consequent in roads on the net returns The inten- tion of the railroads to make the sit uation a ground of contention for higher charges for service came into view through the announcement of increased passenger rates by the New York, New Haven and Hartford and through the circulation of printed ar guments in behalf of higher freight rates.
 Uneasiness over the crop conditions tions of general rains in the southwest and by the cooler weather reported there.
 Another wave of depression ernanat- the Boston market. The gravity of the incident was inferred from the news of it's influence in so remote a field as the Paris bourse
 The completion of the demand for cable remittanceS to London to meet payments tomorrow for the stock mar l1et settlement was followed by some reaction in cable transfers. London sent reports. however, of confident ex- pectations of an early movement of gold from New York to that center An easing Of discount rates in London today was attributed, in fact, to that prospect. The local money market was unaffected by the preparations for the heavy April payments. The resist ance encountered during the declines in prices left an impression, at the end of the day, of a support in the market such as it has lacked for several days past
 Bonds were easy. Total sales par value, $2196,000. United States bonds were unchanged on call.