Norwich bulletin., 1922-11-22
FINANCIAL AND COMMERCIAL!
MARKET corr1rUEs DULL.

New York. Nov. 21.-Dullness again characterized the trading. ia today's stock market, prices moving in a con fused manner and operations being al- most entirely of a professional charac. ter. .t..
 Opening prices were generally tlrm. but acute weakness of General Asphalt common and preferred and U. S. Rub beT caused the list to turn heavy be- fore the end of the first hour and there after prices boboeo up and down. sen. orally within narrow limits, short sell ing against some of the standard issues giving the market the appearance ct weakness at the close.
 Renewed activity was noted in the su- gar shares, apparently in speculative anticipat.on of favorable earnings state ncnts, in the forthcoming annual re- ports American Sugar crossed T but closed just under that figure for a net gain of l 3-4 points. Cuba Cane and Puma Alegre Sugars improved nearly q point and Cuban American Sugar ad- yvanced fractionally. Directors of the Cuban-American Sugar company arc ext pected to reach some decfEion tomorrow regarding the company's $19.0o0,000 surplus.
 Standard Raalrpad shares generally ehowed slight recessions on comparn- lively small turnovers, neglect of these Issues being attributed to the uncer- tainty concerning the railroad leg:s.a- tive program of the present congress. The first of the October railroad re- ports to make their appearance was the Kansas City Southern, published to- day, which showed an increase in both gross and net revenues as compared with September. but decrease as com pared with the same month last year.
 However. this was not generally re- garded as a representative case and was not as closely scanned by the f- nancial community as will be the re- ports of the larger trunk lines. Presi- dent Willard's declaration to ctockhoJa- CTS that the shopmen's strike cost the Baltimore and Ohio railroad between $1o,oO0,Oo0 and $11,O0O, ,000 had a bear :sh effect on sentiment as regards the railroad shares.
 Independent steels, motors, motor ac- cessories. chemicals and textiles all showed up well at the start, but final prices presented varied assortment of changes. Early buying of Midvale which touched 31, revived reports of '5s possible absorption by Bethlehem, but 1t sold of later to 29 7-8 and then ral, lied to 30 5-S for a small fractional net ; loss. U. s. Steel also eased off nearly i half while. Bethlehem B, Republic and Vanadiun yielded at least a poin! i each.
 Baldwin, studebaker and Corn Pro. ducts enjoyed brief periods of strength but crumbled under the short attacE. in final dealings, Baldwin and Corn Products dropping 1 1-8 and 1 1-2, re- i spectiVely, while Studebaker yielded q good sized fraction. Reynolds Tobacco B moved up 1-S points in response Cf the B 1-3 per cent stock dividend and ! a similar gain was registered by Amer. ican Can in a brief buying demonstra. tion in the last half hour. Consoli dated Gas shook off some of its recent
 heaviness, advancing more than 2 points Publication of President Harding. 1 ship subsidy message breathed Iittls l life into marine issues, which-advancef {. slightly and then fell back. Marin.
 common and preferred and American International closing at slight fraction al losses while United Fruit solo or more than a point,
 Can money orened and renewed at 1-2 per cent, advanced to and thenc to t-2, where it closed Business !, 1 time money continues on per cen
 basis.-- Trading in commerc:al paper was moderately active, the ruling rat
 For prime names being 3-4 per cent Foreign exchanges opened firm fin re hection: of the higher London quota tioDs, but later developed marked weak
 ness. Demand sterliug which touche T S44s 1-2 yesterday eased off to S4.4 3-S today while French francs slippe
 from TAI to ITO.