The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-18

II will accomplish II over a longer period which
Tha,a simply lengthen the agony of the bulls;
party. IL can make markets move 10 its wishes
and make thrones tremble as ii Wills"
Orders have been issued TO close down several
Of the plants of the United Box Board and Paper
Company for a period OF about two weeks dura-
ton. Officials of the company state that the
shItdown is for the purpose Of making repairs
gestion from the outside that overproduction
FASTENED the necessity for repair work. The gen.
as strong as il was a few months back. There
is plenty Of gossip to the effect that earnings
was made with the Independents. but reports OF
new mills in course OF construction are also In
Box Board and Paper Company is held in this
city and through the gas belt.
XXX
Chairman A. w. Green. of the board of direct
ors of the National Biscuit Company, is credited
with the statement that the company will earn 7
ing its surplus to more than $1,000. 600. There is
some National Biscuit stock held in Indianapolis.
THE stock market has had a sixty-day adj
vance of fair proportions and on the natural
cycle theory Is entitled to a reaction of from
one-haIf TO two-thirds CT the advance: says the
Wall-street Journal. THE prediction is freely
made that Steel preferred VIII sell between As
and so on this break and that PENNSYLVANIA will
Sci CiOSt y lIO IN BrOOklyn ftdplu III
there is a little bear pressure, but the stock
ma been taken in a way to indicate that 1t may
are only $4,000 shares of this stock and it is
pretty well held by quite a large number OF
tfdsN ssock IS i; supposed Nessgih to have see made RSdd.sif its s en1~e ann ID
to be willing to see a decline"
Whatever else may be true. this country is at
present master OF the international money mar
ket. One question intimately concerned in the
autumn export business is not settled. 1t in
wolves not only one Of the most strangely in
teresting controversies OF the day but touches
deeply next years trade position Of the coun-
try. Did 800. oG0, 900 worth of cotton. sent abroad
in October and November, go because Europe's
they might secure the lions share of the de-
fcient crop. or did 1t go because plenty was left
i : ns1hftha the Situate .n shre eS1dhiyrs chose spi to watt srd pe-
velopments will have to answer this question.
XXX
$50 far as one can see from the outside. 1t
would seem that the stock market is likely to
continue professional for some time" said a
local trader yesterday. The recent course of
prices. the aggressive character of the late bull
manipulation and the equally confident manner
OF the subsequent bear attack indicates that
not all professional operators think alike. and
such should be the case is altogether desirable.
for the outward manifestations OF two contrary
opinions is likely to apply from time to time
the other extreme OF overpessimism. Both ex-
tremes carry with them penalties ard pnishments
which are too we'll known to require any lengthy
reference"
The Chicago. indianapolis and Louisville Rail-
way Company has declared a dividend of IL per
cent. on its common stock and the usual semi
annual dividend of 2 per cent. on its preferred
stock, payable Dec. 20. Books close Dec. II and
reopen Dec. 30. The common dividend Is the
same as has been paid heretofore.
The National City Bank has engaged an addi-
| tional 800. 900 gold at London for import. The
total engagements of that bank in the present
movement is 1850. 600 and the total for all i'm
porters to date S21. AIS. 053.