Norwich bulletin., 1912-04-02
UPWARD MOVEMENT.
lndustriaIs, Especially the Coppers,
 Show Soaring Tendency,

New York. April L-After brief period of irregularity and confusion in prices the stock market today re- sumed it's upward movement in the indUsJrials. especially the copper is sues. AmaIgamated Copper sold at it's highest price of the movement, and gains of one to two points were made by Anaconda Copper, Utah Cop per and Tennessee Copper, while Am erican Smelling and United States Steel recovered some of the ground lost in the final days of the preceding week.
 Best prices of the present movement also were made by Reading and Union Pacific but it is noteworthy that the railway stocks as @ whole were far less conspicuous and strong than the other group.
 The further rise in the metal stocks was concurrent with another advance in the price of the metal, which was quoted at 15 7-S to 16 cents per pound. These same shares were strong abroad where the visible supply of stocks on hand showed an appreciable redUC- ton for March. To what extent the
 heavy advance in copper metal is justified by actual conditions remains 8 debatable question, but there can be no manner of doubt that the vari- ous industrials ln which copper plays such an important part now are en- toying a greater degree of prosperity than they have known ct any period in the last two years. That much can hardly be said of the steel and iron in dustTy, which is less active at the moment than it was 8 fortnight back. Estimates dealing with the past quar- r,n4 Ns- Steel corporation were made today, the most conservative placing them at about $20,000,000. It is also thought that the corporation's thrilled ton mage" for March will show little dimi- mutton in business for that month. De- spite some slackening in the indus try. Steel was one of the most active of today's stocks, which may have been due to ibelated recognition of last weeks advance in structural parts On the exchange 1t was matter of gossip that no small portion of today g buying of steel came from prominent commission brokers recently active on the selling side.
 An advance in call money to per cent together with some profit talk ing. produced some dullness and frac- tional recessions in the last hour, but the undertOne was distinctly firm The rise in money was a natural cor onary to last Saturdays bank state ment. fin which natural reserves were all but depleted. It may reasonably be assumed that this condition will be rectified in the course of the week as a large proportion of the April in terest and dividend payments is cer- ! tain to go back into the cotters oi i local financial institutions.
 The United States supreme courf resumed operations today, but nont of the decisions announced in the ] course of the session had more thar | passing interest for the financial dis trict.
 Americans were strong in London
 and that market again bought moder- l ately here.
 The days railway returns for Feb ruary included tho Pennsylvania sys- ! tenn, its eastern lines increasing about | $500, GOO net, with those of Pittsburgh i increasing only $300,000. The complete | returns of New York Central were distinctly favorable as were also Northern Pacifc's and St. Louis South western. Illinois Central lost almosi | S000,00Q net and the Atlantic Coast line decreased $12S,600.
 The bond market was generally steady, but some issues inclined to- ward heaviness. Total sales. pal value, were $3,216,0 ,066.
 uaitsa States thEeeE eappea ad=