The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-24

dend to per cent This created some buying
of Junior Vanderbilts and covering in New
York Central. We are Of the opinion that the
list is much oversold, the West being particp-
larry bearish and heavily committed to the short
side of the market, and IL Is likely that be-
fore another month goes by these shorts will
be made to cover part OF their contracts.
Meyer & Kiser.l
NEW YORK, Dec. 23-Although the market
was comparatively narrow throughout the
tire trading session to-day. much strength de-
veloped in the later trading and substantial
gains were scored in a number OF instances.
The primary influence In the advance was the
increase in the Lake Shore dividend. OF course,
inasmuch as New York Central controls the
greater part of the Lake Shore stock, the
greater part of the benefit win accrue to that
company. The statement Of the Lake Shore for
the year, showing a tendency to decreasing
earnings. and the fact that current earnings
scarcely warrant the belief that an advance in
the rate Is wholly justifable. 1t has been re-
ence Duns the session and part OF
the afternoon the market was dull, narrow,
professional and decidedly uninteresting The
traction stocks exhibited strength throughout
but it is impossible to get away from the fact
that there Is {. manpulative pool In these Sc
er. but Metropolitan was generally tipped for
an advance. Certain interests in the street
have. within two weeks, purchased 5000 shares
OF Metropolitan. and they have not advertised
1t either. Sugar was one of the particularly
strong stocks on the list, and We hear from an
unusually reliable source that this stock is like
ly to be the most interesting one the list
during the coming year. The Rock Island is
be no surprise If an advance in the common
stock followed its present depression. The gas
stocks were notably strong throughout the day.
Pennsylvania showed a good deal OF force and
tone. The Standard Oil stocks steady
throughout the day. Money continues easy,
news is scarce and unnteresting and dulness
will undoubtedly obtain in to-morrow's market.
IA. r. Thompson & Col
NEW YORK. Dec. 23.-Improvement In the
stock market to-day the expense of the
short interest, which Is likely to cover further
contracts tomorrow, owing to the improving
foreign news and the prospect of good bank
statement and further ease in the money mar
ket We desire to direct especial attention to-
sterling and money markets coincident with each
other Sterling Is usually strong when money
Is weak, and vice versa, but we now nave an
exemplifcation of the inherent strength of the
grain exports increase at the present rate. and
there is no reason to doubt II. gold will again
be flowing this way in a short time. We ex-
pect to see substantial improvement In the coal
ers. Reading In particular, before the first OF
the year. These stocks were strong to-day. We
also strongly recommend Missouri Pacific and
Southern Pacific.
[Porterfeld & Col
NEW YORK. Dec. 23.-The stock market to-
day responded to the old-time custom OF giving
the bulls an opportunity to make Christmas
money and the list advanced from 81 to 50 a
share. The Tammany crowd got their turkey
81 on the day. The senator's bought theirs
through the advance in Sugar for about the
same amount. The professional room traders
picked up few dollars on nearly every stock.