Norwich bulletin., 1922-09-27
AtD COMMERCIh!
sEanEiE yVag p1RiarRss1Uis.AK.


 New York Sept. of fresh buying power and rssie ed coHUsrn oyer the fore agu sisuats s6n eIaEoufassd pr-SSes sionaI ss1oft Aft sfo aser activity in Sodayss stock mar ices S.in " sich drif fled downward bit sesleraalg H'lsltin tiafrovv lirniks q The ssfiifig yacvA i7sefit < ! was alaselin 2its. issarla ats gss By tashsr heavy ssofSerings Iron. tern on ,. ,.
 Domestic news rselss 1avctables: Steel centefs rsportsd sIncre sed 1rodut- fioh and she avy orders ilxsser besDg partly atcOuiTrsq for tssse ;desir9 of railroads to 'hsneAt sgpfsi sSs present q ton. Oatehgr i. GsatF iSvad Fss continue to fncEeaye aiitl 3asasJs. col lnovcllsrts are undsr way to ,6sslts " bare the. skcrf-s tage was most acute s 3 Y \. sst' .s <: { Trading was aea alhSss largely in ths hands of prc4Asi q snte ests. Tszs lack I Of invesEfaeiit demand taa1s sxpiAlnedA 6s being due sfo shei AsSltaEjcy cts present. holders .6ddihg 10 th1lr kda1nftments be- cause Of thss threA teslihg asJsects If the Near Eastern titnkt ktief and the uliost- tainty ding tiie ,gover rntAeEt'ss plan for sfund.ng. It's short term lions maturing the next lev mon ths.
 I iustIrensa ana Bcssiblllty o9Sex.ra dlSi- 1 dend dfsbrT aesxShfs continued tS hays a 1. fayo9abie affect on EtAfid&fd 0li secnrt- 1 ties, Standaf6 Oa of New Jersey rising i78 aud Standard ' O lof Cal sornta,
 3 tS4. Pansk american. and Califor1la Pe- troEeum also suNst sIly bettefed thelr i positions x Predictions That tsis1 August Aafaltits 1 statements Of the railroads would show 1 heavy losses as resnls of the inlners' | and ,shopmen's s strikes wore bprns out by 1 the figures supplied by the Union Pacific l system, ths. first to maka it's report, TlriE I showed a loss in net operating income 1 for August of $t.5<S,2is, below that Of the correspond ding month last year. How
 ever. the gross income was s3,oeo;000
 more in August than 1t was in July and
 larger than that for either May Or June
 before the zshopnea's $ stT4ite vent Into es- feet. Largely as { result. of tsiis showing, Union Pasihc stock was among tii,s hard
 est hit in ths rail group, dropping s1-2
 points; AtchiSoh,y Car aSi4an Pacific, North
 ern Pacific. St. Paul common and prefer. N red. and Chicago and Northwcstern al. 80 scored material Teeeesiots 0thel
 changes were largely fractioAai Some oi
 the speeisltses moved against the prevail. ing current; Coca Cola moving dp nearly two points md Jewel sTea. I { Ia Dn- pont jumped up eight petnts. on turn
 over of about 1000 ssiores x
 Total sales were SSe,0Qo gfare1
 l Cali money opened and renewed . E-i-2 per cent. but e4ssd .. '9to I at 1h'
 close. The time money market also showed a tendency to ease Banker, who had been holding out for 5 pe.
 cent rate for the longer Enaturttios lend ing money today at 4s-4. The bulk 6 prime mercantile paper conmsnds l.
 per cent. n tsssjss ::
 Foreign exchange rates wsrs aiightt.
 any serious concern over near east de
 veiopinents. Sterling yielded slightly 1,
 response to another large offe-ing Q
 commercial bills against srai:l and cot
 ton shipments. while the continental rate
 were Inclined to harden.