Norwich bulletin., 1912-03-22
FINANCIAL AND COMMERCIAL
ACTIVE ISSUES SOAR.
Attain Their Highest Average Lsve
 Sinoe Last November.


 New York, March 21.-TheTe was some cessation today of the upward movement h the stock market. which had its inception about a fortnight ago. Quotations were on a moderate ly large scale, and were characterized By greater breadth and signs of in creasing public interest. Individual in YestGs and the important financial in stttutions of this cfty and elsewhere probably gave the list no small part Of the early strength The twenty odd active issues which are commonly ac- nepted as real factors of influence at tained their highest average level since last November.
 Activity centered around these shares, although he specislties were not neg lected, as was shown In further rise in American Can preferred, which es- tablished a new high record for that security. The great bulk of the trad i ing, however, was in United States | Steel. Reading, Lehigh Valley, Union l Pacific, Amalgansted Copper and Am ! erican Smelling. The continued ad- vance of the Coppers was a further | reflection of conditions in that indus | try at home and abroad, while the strength of SnTelteCs, which went te
 
 attributed to another advance in the price of lead products, as well as the companys unexpected good showing | for 1911.
 Demand for Stes3, the Coalers, Un- ion Pacific and other standard Issues was persistent. In the case of the coal shares it WNs said to be predicat- ed on the fixed belief that an agree ment is at hand between the anthra.- cite coal owners and the miners. An other factor favoEing the rise in these stOcks was the announcement that the federal administration had decided not to intervene in the differences be- | tween the workers and their employ CTS, thereby removing a political ele- mont that had been viewed with some concern.
 Following its usual course, the mar lret grew dull in the late afternoon with general recessions throughout the list, except in Lehigh Valley, which went to it's highest flgure. Other stand ard issues lost much of their gain, and in such cases as Steel Reading and Union Pacific sold under the previous days closing quotations. The react ion, while hardly pronounced, was a natural result of the heavy realizing together with short selling. The tone at the close was inclined towards heaViness.
 This market derived scant encour agement from abroad, even though London bought here on balance to the extent of 25,Go0 sharea chiefly cop pera.
 Loudon's own market dad an unceY Is in tone becauRs of the political sit uation, which pointed 10 the pogsibil ity of q ministerial crisis. Such an outsonne, 1t is thought, might hasten settlement of the coal strike.
 The Bank of England increased Its gold holdings by a vely moderate amount and strengthened its reserve. A slight hardening of our money rates for time accommodations wae thought to bye due to further demands by Berlin, which again borrowed here for thirty and sixty days. ! The only railway report Cf more thar ordinary interest was that of the Le- high Valley road, which managed tc show a net increase of 74,O90 fol February, in spite of the enormous
 increase of S2sS. 900 in operating Gr' 1 penses.
 1 Demands for bonr5s was wal main tained, although soruH or the mort prominent issues were sfis91t1y lower ! Total saleE. psT value, aggregated k5'' l $50 eco
 United States oohds were unchanS l sd on call.