Norwich bulletin., 1911-02-03
FINANCIAL AND COMMERCIAL.
NERVOUS MARKET.
Opening Developed Signs of Heavi
 ness-Grew Stronger Later in Day.

New York, Feb. 2.-Nervous and un- settled movement characterized opera t1ons today in the stock market with such a constant shifting of position as to make it appear that the course of prices was subject to the caprice of any broad and definite influence. Aft CT mixed opening the market de- veloped signs of heaviness. doubtless due to realizing sales, as we'll as to lack of demand from short interests, which covered extensively on the re- cent rise. In the afternoon trading the market grew stronger, but any ambitious attempts at bull operations encountered effective resistence. The growing spirit of confidence which served to prevent any marked set backs in the day's diverse movements and at the close quotations compared favorably with last nights higher lev el.
 Among the railroads which have overshadowed the remainder of the list of late movements were mixed, the Hill issues were under pressure throughout the morning. and Northern Pacific, which sone of the traders con- cluded had advanced far enough was set back two points. only to recover part of it's loss later. The Hartman stocks did little in the early hours but later Q strong buying movement sent them up materially Reading crossed 160 in response to c steady demand which was said to como largely from Philadelphia and Lehigh Valley after 8 number of contradictory movements, grew firm at . good advance.
 Some of the best advances of the day were recorded by low priced speciss- ties which usually are regarded as the favorite vehicles of pool movements American Car and Foundry. Distil- lers securities and Central Leather were especially strong. United States Steel maintained it's prominent pos- sition, advancing to a new high level, for the present movement More ma ture consideration of tho Hartman improvement prospects heartened steel makers, who estimated the amount of steel rails which will be required at between 225.000 and 250,00o tons. Con- tinued strength marked the days transactions in tho copper group, in which the effect of better trade re- ports is being felt. Large export sales and a better inquiry at home and abroad were reported today. The statement of the output of one of the largest copper producing companies shows marked increase in output com pared with the previous two months. On this basis the January statement of the Producers association which will be issued shortly, is not likely to strengthen tho statistical position of that industry.
 The relatively stronger position of the railroads of the country is reflect cd in combined statistics of IS sys- temss for December, which show an increase in net earnings of $13, 59o, GOO or 7S9 per cent. December reports of number of roads were received today and tended to confirm the be- lief that the eastern lines are faring less fortunately than those in the west Norfolk and Western, New Haven, Louisville and Nashville and Boston and Maine all reported net decreases while Denver and Rio Grande showed a substantial better ment.
 Bonds were firm. Total sales. par value, $3.959 900.
 United States tfrees registered ad- vanced 1-4 on call