Norwich bulletin., 1911-01-31
FIEANC|AL AND COMMERCIAL,
BRISK UPWARD MOVEMENT Gains We'll Maintained Throughout
 with Decided Strength.

New York, Jan. 30.-Trading re- hected no well defined trend on the stock exchange today until the after noon session, when there was a brisk remainder of the session the market showed decided strength, with con- sistent improvement through the list, although at no time was there any marked degree of activity. Gains are well maintained to the close, which was firm at a level well above the final prices of last week.
 Improvement in sentiment as to the general outlook, due in part to the cumulative effect of recent develop ments and as much more to happen ings Of the day was responsible to some extent for this manifestation of strength. A tendency on the part of professional traders to veer to the long side of the market was reflected in 8 wider demand for stocks.
 Railroad issues vera especially strong, and in this connection much emphasis was placed on December re- ports of number of the largest sys- tems. Their showing encouraged the belief that they had entered upon a pore prosperous period, although op- tlnism was tempered by the recoI- lection that December of 1909 with Which comparisons were made, was an unusually unfavorable one for the rail- WGdLQer con- ditions.
 The Hill and Hartman stocks were particularly strong and active and Reading, St. Paul, Lehigh Valley and New York Central all responded to the upward movement. United States steel was under pressure during the morning. as were others of the active issues, but recovered later and cross- ed 79. Much of the mornings un- certainty was due to doubt as to whether the United States supreme court on the eve of its adjournment, would announce decisions in any of the cases which are of particular in- terest to Wall street. Forecasts of to- morrow's quarterly report of the steel corporation contain the prediction that earnings for the last quarter of 1910 will prove to have been less than ESQ., 00O,00O and that December earnings may have fallen below $8,000, 900.
 Copper shares, which for some time have been shrinking in value under the unfavorable influence of trade reports, were stronger today, Amalgamated Copper advancing & point. The ferti- lizer shares-American Agricultural Chemical and Virginia Carolina Chem 1cal-achieved substantial advances to the accompaniment of reports that the potash dispute with Germany was in the way of adjustment. The provision of the proposed reciprocity treaty with Canada which would admit cotton oil to the dominion under favorable con- ditions was doubtless responsible for 8 gain of nearly two points in Ameri- can Cotton Oil.
 The weekly advices from the rail- roads were to the effect that freight traffic was well sustained. Grain re- ceipts at Chicago showed a consider able increase. The Sears Roebuck company reported net profits for 1910 of $6,795,000, an increase of $557 ,O00 The feature of the bond market was extensive trading in the new city 4 1-4 per cent. bonds. Two blocks of $1, 000, ,000 each sold at 101 1-S and 1O1 and there were several other sales of large amounts. The market was firm Total sales, par value, $6,353,O00.
 United States bonds were unchanged on call.