The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-08
PRIVATE WIRE ADVICES ON
CONDITION OF STOCKS.
AmaIgamated Copper transactions
Were the Feature Of Stock Market
observation-disclosures 8 Points.
IA. w. Thomson, Indianapolis.l

NEW YORK, Dec 7-Some little pressure was
shown at the opening this morning to sell stocks.
but the insiders who responsible for the pres
ent change for the better values took all offerings
and began to manipulate the list upward. Anal
gamated Copper easily the feature OF the
session, and with large transactions showed an
advance OF FIVE points from Saturdays low fig
ure. While there was news in the copper in
dustry, or any favorable news bearing on the
companies in litigation with Heinz. it is a fact
that the Standard Oil interest has absorbed the
bulk OF the floating supply of this stock on the
recent break through $40 per share. and the stock
has been transferred to them. We look TO see
the stock cross $50.
Railroad returns for the last week in Novem-
Der. while somewhat irregular show fair increase
returns was the Southern Pacific report for the
month OF october; showing net of sts7. 600 over
are likely to continue with the heavy cutting of
expense account. and benefits derived from the
treme weakness in sterling bits, With only
small demand. nearly 2.25O.000 gold was taken
favor by bankers and call and time money eased
considerably. the former being offered down to
81 per cent. In the late dealings of the day
activity. was resumed. covering nearly the whole
list The , r the ns "a f5
buying in these stocks. as they sold during the
forenoon. anticipating a break before the close.
we cannot find a better bull argument.
1t is estimated from a certain important source
is due to change in the future political
situation. it being stated that name will be
presented to the Republican national convention
whose sympathies will be with the financial and
business interests Of the country and the name
will not be Roosevelt However, We look at this
matter as being too distant to cause the present
rise.
general advance yet, and we look to see these
stocks become active shortly.
GAlbert r. Thompson & Co.. Indanapolis.l
NEW YORK, Dec. 7.-Unexpected improvement
last weeks good absorption of securities to-
day. the fear of tighiness in funds only having
caused conservative spirit to disseminate IT
self among we-informed houses at the close of
the week. There is little likelihood OF a
general reaction of serious extent. although IL
would not surprise us TO see moderate re-
chases of good railroad stocks may be safely
made IN the confidence that handsome profits
will be realized before the first OF the year.
seft spots should be taken advantage Of on such
stocks as Southern Pacific. whose October net
increase Is $4,000. according to to-days state
ment-
bash preferred and Missouri Pacific are attract
i've. Amalgamated Copper is being tipped by
good people for so this week and SO on this move
ment. We given 10 understand that Rubber
Goods common will enjoy a sharp rise. Pending
developments should raise the fractions further
r. should be renSembered' considering the pos
sibility OF maintenance OF prices around presen,
,s and other large enmpanis ma
assets OF which consist largely of securities are
tesirous OF making a good showing the frs,
OF the year in their annual reports. and IL il
TO their interest to see stocks as high con-
sistent their statements otherwise being glow
ing I'm comparison, the security market was
much higher This condition should reassurs
those who timid about entering the marke,
now We recommend that you do not allow the
good opportunities TO slip away. for the present
| movement is likely to be continuous for sixty
Meyer & Kiser. Indianapolis.l
| NEW YORK, Dec. There was nothing IN
| to-day's market to worry the most persistent
| bull and the only ones the anxious seat wer,
those avowedly committed to the short sid,