The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-06-11
ALITTLE MORE ACTIVITY
BETTER DEMAND FOR STOCKS AT
SLIGHTLY HIGHER PRICES.
Considerable Buying i'm Southern Rail-
way-Improvement i'm the Changers
Easy Money Markets.

NEW YORK, June 10.-There was some
Improvement in the demand for stocks to-
day, and upward progress was made by
prices, but the market was still dull and
narrow to degree that has not been
equaled for the last two years. until within
a week. Dealings continued almost entirely
in the hands of professional room traders,
but this element operated with somewhat
more freedom than for several days They
were encouraged by the return to Wall
street of the leader of so called Western
groups Of spectators, to which has been
attributed all the recent important mar
ket operations. If there were purchases for
this group they were not on a large scale,
as was attested by the figures Of the DAVIS
aggregate dealings. There was some con-
centrated buying of Southern Railway
which easily led the whole market in point
Oh activity. single commission house
often employed by one OF the large finan-
c1al interests was credited with taking
1900 shares of this stock. There was gen.
eral expectation that the monthly crop
estimate of the government, which was not
puDnshed until after the Stock Exchange
closed, would make a very favorable show
Ing OF the progress of crops during May.
rms was Streng thening influence on all
the CHANGERS, including the Southwesterns.
Atchison and St. Paul were the most prom
lnent In the movement The grain markets
NbChSNlfto SOuleAIldl from TIE
movement to discount the monthly report
on the publication of the Weather Bureaus
weekly crop report, indicating damage TO
winter wheat from too much moisture The
reported need of rain for the cotton crop
In certain sections seemed TO have no effect
on the cotton-carrying railroads. The re-
cent dividend increase for Chicago & North
western and Chicago, Minneapolis, st. Paul
~ Omaha was a continuing influence in
FAVOR or the grangers. Some special stocks
were helped by individual influences, Pacific
Mail on an alleged revival of prospects for
the ship subsidy bill, Wisconsin Central OH
Joseph q Grand Island stocks on a report
that the road was to be merged again into
the Union Pacific system. Canadian Pacific
suffered from realizing and the selling
attributed TO Canadian account from the
same source as the recent active manipu-
lation Of the stock.
To-days money market was rather easy,
despite some demand for call loans for
STOCK Exchange purposes and in face of
sub treasury absorption since last Friday
of nearly $l,500,000 The traders were in
pect Of an early settlement of the coal
strike or of the resumption of operations
and earnings by the companies. There were
some intimationS that plans were making
for an attempt TO resume mining oper-
auons, but no admission could be procured
of any prospect of a settlement with the
miners. The market closed dull and steady.
The bond market was dull and narrow,
with an irregular movement of Prices.
| United States bonds were all unchanged on
the last call.
Following are the days share sales and
the recorded price changes.