The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-10

session. considerable irregularity has been shown
at intervals in the leading issues;
the bulk Of the trading, Brooklyn Rapid Transit
was easily the leader Of the day. scoring gain
stock has been shrouded in great mystery. The
buying has been OF the very best for weeks. Out
side of the fact that the Interboro Company will
control this property eventually. the value of this
stock has been increasing very fast and una
wares to the general investor and SPECTATOR.
New York traction and gas stocks sympathized
with the movement in Brooklyn Rapid Transit
and made extensive gains over yesterdays ng-
ures.
realizing by the market manipulators: Hard
eoaiers made sharp squirt in the afternoon ors
lost in the late declines London has been a
heavy buyer of Fries recently. which has been
Constant Increase in value of the properly. We
have strongly urged our friends to buy Reading
f1@ $40 na uP is aas s ssy as to
stronger market later on.
ALBERT r. Thompson & Co.. Indianapolis.l
NEW YORK. Dec 9.-Among the best features
of to-days stock market both OF which operate
for improvement with accompanying stability.
are the broadening tendency and the turning
from the bond market to good stocks by invest
ors who are now taking from the market daily
thousands of shares Of stock There can be no
doubt in the minds Of even superficial observers
that the stock market has turned and. aitnoug 1,
following by manipulators. we are convinced
that an important up-swing is under , way, ana ana
points higher, at least We. therefore, cannot
chased on the appearance of any adverse news.
We desire to call attention to the fact that h.
money. we are informed that large handlers Of
money have provided themselves with ample
being caught by any possible hurries during De-
cember. AS everybody knows that the prepara-
developing. there is no reason to attach undue
importance TO IL, for IL Is but temporary. Under
srio ise noIy sbpnIna beaviiW TO New York as
indicated by the rates of exchange, which are
at premium at large cities.
Meyer & Kiser, In6ianapolis1
NEW YORK, Dec 9.-Interest in to-days mar
ket conferred primarily in the traction stocks and
on Consolidated Gas, all OF which displayed
great strength and scored heavy advances. Con-
soidated Gas is generally regarded as being al
lied with the traction stocks. particularly the
Metropolitan issues. because of its OF the
conduits of the latter company Its advance to-
d nd ao o 1ens he
OF deal between the various traction interests.
All s %, of as Of and hsrs
to be a growing impression that something Of
the readies, CIRCULATION coupled the InterborS
Company, the Brooklyn Rapid Transit and the
Metropolitan Securities Company. The only tan
gible thing that developed which might actually
bear the traction situation was the statement
the the Brooklyn Rapid Transit Company the priv.
ilege of operating cars over the new bridge and
OF connecting the two bridges by new line in
Manhattan borough.
The opening market was firm, and this was
succeeded by an easing off that carried prices
down to some extent The rally began quietly,
however, and the market continued strong until
the last hour, when a tendency to ease of again
developed. The granger stocks acted well and
the trunk lines were firm. Steel preferred acted
as II under some pressure at times but II showed
fairly good resistance Amalgamated Copper
was strong, scoring a good advance Sentiment
is still bullish and IL Is believed that serious
reaction is imminent.
GPorterfleld & Co.. Indianapolisl
| NEW YORK. Dec. 9.-Although the entire
market showed great strength. everything was
| overshadowed by the big movement in Brooklyn.
Early 1T rumored that a combination be-
| tween Manhattan and Brooklyn Rapid Transit
was on the tapis and that Belmont was quietly
| absorbing the stock. Later the Belmont brokers
was no hesitancy until Brooklyn advanced 81
| points 10 52i2. At this figure there was some
| profit taking. and the stock became irregular.
1 In the legitimate list Missouri Pacific. Union
| Pacific and Erie were strong features, advancing
| a point or more above last nights close.
United States Steel prominent and gained
! one point. The upward wave continued until the
/ delivery hour, when the leutenants Of the up
ward movement caused cessation OF hostilities
| against the shorts and the professional room
| scalpers took profits. This caused reaction OF
| from one-half TO point, but the close was
| firm. Natural markets made the healthier
/ by OCCASIONAL declines, and The action of the
| past two days only makes the present situation
! the stronger.