Norwich bulletin., 1912-04-16
FINANCIAL AND COMMERCIAL.
TOWARD HIGHER. PRICES.
Stocks Show Rising Tendency Despite
 unfavorahie Developments.


 
 New York, April I5.-Regardless of 8 variety of developments, some of them distinctly unfavcTable, the stock market today made another very de- cide0 move in the direction of higher prices In the initial dealings it fol lowed Lcn1on's lead by registering many declines of one to two points and in a few isolated cases the fall was greater Marked weakness was shown by the preferred shares and the bonds of the International Mercantile Marine company, one Of whose leading subsidiaries is owner of the steamship Titanic.
 The selling movement met with prompt support in the shape of buying orders which soon effaced a great ma jority of losses and in some cases brought the level well above Satur- days close. By midday the movement gathered greater impetus with high records for American Can common and preferred. In fact, dealings in those shares constituted one of the eonspicU- ous features of the day, both by reason of their activity and gains. The pre- ferred stocks closed with a net ad- vance of 1-2 points. while the com mon was up 4 7-s. There was a dis position in conservative quarters to view the movement in Cans with some concern, but that feeling evidently was not shared by the professional clement which had the market well in hand and inpelled further short covering.
 The strength of United States Steel issues was another prominent feature, the common stock leading the entire list in its customary manner and SCOT Ing @ net rise of 1 12 points. The resiiiancy of this security was some thing of 6 surprise to many room trad- CTS in view of tho general belief that It's earnings for the quarter just ended would probably fall short of dividend requirements. The annual meeting of the shareholders was held today, but aside from the report of the special committee appointed to inquire into the corporations frea tment of it's la boTers the proceedings were of @ per- functOry character,
 Cpppers, more DartieWlsrfy Anal gamaled Copper, also took a leading place in the days operations. Diree- tors of the eGTnpaBg ace scheduled to meet soHne day of this week, and the , financial district Is of the opinion that Sz irerdasee present rate of diyidend Yi1i bs declared. 1t would be difficult to Rcc0Ent for the rsceHE sensational rise ip A1nalgamatsd Copper and kin dFed issues on almost any other ground, albeit the steady adyance In the price of the copper metal here and abroad is naturally an important fac tor
 lEarrimaE and Hill stocks as well as other standaFd fssdes participated in the all around 9ftvaRep, as did also many specialtias, siEBlA of tile latter rising from two te five points. In the late afternoon pus1n essf sfa elyEaed ma terially but without impairment of quoted values. Some eg the day $ highest prices were quoted ip that penlcd and tho list Fh9wea no inability to absoTb the days heavy offerings The clasInF was active with prices al or wifhdp Fractions QF the very top, a i late spuTt in New York Central and l Union Pacific being the especial fea- ! tuFe.
 London was a seller feTe at the opening but later boaght modaFatt amounts of Steel, AIualgamated Cop per, the Earrirna1ls ana Fries. Hel l general markets fneIinad toward heaw ! ness. but q better tone was shown al l Beelin and Paris
 | Time money worked e9S1eF heFs and ] caai money was easier.
 Bonds iITegulsrf bat later hardened l with thG rise in stocks. Tetal sales par vallIe $2,3S3 ,090.
 United States government bDnGs unchanged on call