Norwich bulletin., 1912-03-08
FINANCIAL AND COMMERCIAL.
PRICES CLIMB.
Great Activity Follows Period of Dull
ness and lrrsauIarity.

New York. March EARLY dullness
and irregularity, followed by greater
activity and a pronounced hardening
Of prices which sent some Of the ac-
tive iRBues to the highest level of the
present movement, summarizes today's
operations on the stock exchange SO
far as could be learned none of the
days developments was directly re-
sponsible for this change News from
abroad respecting the British coal
strike was virtually unchanged, and
the depressed state Of the London mar
kets was doubtless the cause of the
early heaviness here. In fact, at the
outset there was disposition to view
the general situation with more dis
enlargement, one OK the adverse fac
tors being found in the announcement
that the government at Washington
purposes to institute fresh proceedings
against the Standard OIL company
because Of the alleged attempt of that
corporation to acquire some Of the
larger Independent companies in the
southwest. Other home events which
may be cited were the report Of the
Railway Steel Springs company, which
was altogether poor, showing earnings
Of less than one per cent. on the com
mon stock, and another batch Of rail-
were at all favorable.
As an Offset to these conditions, it
| became evident in the dullness of yes
| terday's market that stocks were not
| pressing for sale, and that, technically,
at least, the situation was rather more
| favorable to the constructive side than
the other. Outside Of the financial dis
| trict there is indubitable evidence that
business is on the mend, and especial
| ly in the west and southwest. This is
| demonstrated in part by more liberal
| offerings and acceptances Of CONNER
! cial paper. OF all the more important
| lines of industry, the steel business
continues the most backward, and this
condition, 1t Is expected, will be con-
hrmed in the untitled tonnage" figures
for February which the United States
Steel corporation is to Issue on Sat
| urday.
Such significance as today's move
| ment may have possessed attached in
no small measure to the continued
strength of the copper shares, Anal
gamated Copper crossing 70 for the
| FIRST time in some months, and APP
preaching Its best price Of the previ-
| GUS year The steady advance in this
! stock coupled with It's anomalous divl-
| dend position, which compared with
United States Steel Wnlcn ylelGs more
than twice as much has been one OF
the mystifylng features Of the market.
| Foreign demand for the metal contin-
ues apace. but home consumers are
holding hack in the hope of some re-
cession from recent prices.
The bond market was firm and more
active. Total sales, par value, aggre-
gated Sass. 00o.
United States government bonds
we're unchanged on call.
Standard Oil Brings Record Price.
New York. March Shares Of the
| Standard OIL company Of New Jersey
reached q. record breaking price on the
! curb today, selling at 800 each, p
\ rise Of S5 to 40 points over the previous
day and an advance Of almost $20C
/ from the price 1t was quoted at when
/ the supreme court Of the United States
/ ordered the company's dissolution
! Trading todav was nnlte active com