Norwich bulletin., 1911-03-24
FINANCIAL AND COMMERCIAL.
STOCKS BARELY MOVE. Yesterdays Volume of Trading Almost
 Smallest of the Year

New York, March 23-The' ultra con-
 servatfve attitude toward the stock
 market of both the financial commu-
 nifty and the investing public has sell
 dom been illustrated so clearly as by
 course of business on the exchange to-
 day. Stocks barely moved. The vol
 ume of trading was almost the small
 est of any day of the year. Large op-
 orators took no decided position in the
 market, and price changes of the day
 were negligible.
 All this fits in with the present dis
 position of the street, which is to wait for something to happen. To the con-
 stant uncertainty as to the time of inn
 portant court decisions there is now
 added as a restraining force the near
 approach of the time for the new con-
 gress to assemble. Wall street is com
 pletely in the dark as to what, if any
 thing, is to be attempted in the way of
 tariff revisions. Brokers agree, how
 ever, that the stock market proper is
 in Q fairly good position; that 1iGufda-
 tion has been thorough and that the short interest is large enough to act From all appearances, moreover, the more powerful fnanciers are opposed to any severe unsettlement at the pres ent They still have new financing to accomplish, and probably large hold ings. of stocks which are to be market ed sooner or later Among these same interests there is noticeable an attitude which, if it bespeaks caution, at the sane time is not wenting in confidence in the future. Continued ease of mon ey, record breaking exports, our huge total of credits abroad, the facility with which capital has been obtained and is still obtainable all favor the stock market. Arrayed on the opposing side arc political uncertainties and the gen. eral slowness of trade.
 The Paoifip aiIrOa stocks fII1.f1i Sn e7 about the only noticeable movements of the day. Missouri Pacific showed no intention of settling down, but was re- deemed from it's early weakness | through the industrious circulation of a report that a. new president had final ly been elected. To this accompani- ment the stock rose but no definite in | formation was obtainable, and it fin islred in the day on the dead level of most of the other issues. Canadian Pacific continued the rise which has | set it at new high records almost dali 1 ly of late, slightly exceeding yester l days best figures. Northern Pacific was weak. Some of the bank stocks were unusually active at considerably l higher figures, & movement which per 1 haps foreshadows the reported project
 contemplating closer union of inter 1 es.s among some of the largest banks. | February railroad reports began te l come in today Lehigh Valley, the first l large system ito report, showed an in- | crease in gross earnings and operating l expenses which virtually balanced eacI 1 other, so that the net earnings were ! barely changed. Gross earnings of 2s
 railroads for the second week of this month showed a decrease of per cent from the corresponding period of lasi 1 year.
 l That the continued slow movement 1 of trade has not affected at least ont of the largest corporations was showT | in thu report for the year 1910 of tht l American Telephone and Telegraph i company. Net earnings for last veal increased $1.742, ,000, the balance avail. | able for dividends having increased 1 from per cent. to 1920 per cent.
 Bonds were irregular Total sales 1 par value. $1,S30,000. United States 1 bonds were unchanged on call.