Norwich bulletin., 1912-04-24
FINANCIAL AND COMMERCIAL.
moRl:I CHEERFUL TONE.
Hope of Fverting Engineers Strike
 Re flected in Markets.

New Yorlk, April 2S.-The more fa- vOreble out look to the controversy be- tween the railroad managers and the i locomotive engineers was a most i'm portant factor in shaping the course of today s $ soCk market Ii was known 1 long before the opening of business that halt had been caIIe0 in the ] threatened strike, but it was not until later that official announcement was made of tie willingness of the engi- neers to aG cept mediation. Tho finan- cial districit, and more particularly the ! speculative public, chose to accept this as long step in the direction of a satisfactory settlement and it's effect upon tho tarket was almost electrical Yesterda gs lethargy and heaviness gave way to ebullenCe which resulted
 in nunl ler of material advances at | the very utset These were soon ex- tended antl by midday gains of one to two points, were general There were a few exc options to this tendency. mo- ! tably in he tobacco group, some of which sut Tered severe declines, pre- sunabiy in connection with the adop- 1 ton yest9 Tday by the United States senate of a resolution calling for a review of the recent decision in the American Tobacco case. Advices from Washing1 on today throw some doubt on the aci don of the lower house in this matter.
 Req dinl E which sold x-dividend" of 1 IA 'er cent. was the most prom
 insnt fes lure Of the day, not only by reason ois its activIty-sales by noon
 were far greater than of any other stock-bCr because of its strength,
 Initial d ealinGs were on an unusual
 scale andI the stocK more than recover
 ed its di Eidend in the first hour At
 noon it had added to it's rise and in the eartt afternoon was selling over
 six poiDfts above yesterdays low. The entire l5 bt was stimulated to a higher leveI in he course of the morning. with little dil E{nUtioH Of business but in the Rfterned n trading fell off appreciably
 Various obscure issues took the place of the Aoeculative leaders In the latter session, at which time the market was going C trough 9. natural process of di- gestion. Prices were disposed to yield Traction fally on heavy realizing for profits, but another buying movement in ReaI ling, which advanced to 16S 1-4 infused new strength elsewhere. Just at talf period there were some con- trary movements in the specialties, @eArs- Roebuc'I adding very subgtan- uaily to Its previous rise. with q gain or Ag points in American Sugar while Central Leather and Bethlehem Steel declined. The closing was strong, with the usual recessions from the top Inter national Mercantile Marine bonds and he preferred stock were in better denz md and made some recovery from the recent heaviness.
 Lc cal monetary conditions were re- eide lily easier. so and 90 days loans hay Ing been made at 1-4 per cent, a reduction of 1-4 per cent from the pre- Fi0us day. Apparently the further dec line to the interior, amounting thus far this week to nearly s, 0o0, ,000 has ext lfted no misgiyings
 The annual report of the General Fl ectric company. showing a falIing off, in earnings, Was without effect on th B stock. which took prominent part in, the d2y's rise.
 Bonds were strong, with marked aims in Denver and Rio Grande fours ind Wabash tours. Total sales. par a1ue, were Sz,360 600.
 United States government bonds un- sfhaused OF cali.