The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-30
behind the movement. The market closed strong
We look for further advance


We look for a further advance.
Meyer & KiserI
NEW YORK, Dec. 2e.-Consistent strength was
manifested throughout the day In the stock mar
ket. and number of stocks scored material
advances. Despite the fact that there was more
activity and a liberal buying of stocks there
pronounced increase III commission house
business. and the bullishness. the effective part
Of it at least. was confined to the floor of the
exchange. There were no news developments
exertng a pronounced influence and nothing
transpired during the day that might be pointed
out as a definite factor. While have con-
sistently pointed out for more than month
that the drift of the market is towards a higher
level. it should not be taken for granted that
no setbacks are possible. 1t is doubtful if any
serious recation will result. ard it is more than
certain that the gradual betterment will con-
tinue. Stn II must be borne in mind that the
prices of stocks at the end OF the year Will be
ntzng reports. particularly OF insurance com
panies For that reason any undue exhiliration
suspicion. There is enough strength, however
Of a normal kind in the present market to war
I'M; me peiei INA. tne unwaEu ,, Fver ie
partment of the market favorably influenced
to-day, and strength was distributed impartay.
There was good buying OF the steel stocks,
which had beneficial influence on the indus
trial list Amalgamated Copper and sugar were
generally strong The steel and iron stocks gen
orally were irm: The traction stocks were rels ia
a
tween the marlborough Company and Brooklyn
Rapid Transit was revived The feature of the
very slow rise. There many who believe that
a dividend on this stock Will be paid in the near
tI Detroat southern was a1sG er wsi
held st. Paul, Missouri Pacific, Pennsylvania,
held Alton reacted on profit taking on the an
nOuncement that call had been issued for the
deal So far as the Alton S deal is Concerned it
is not impossible that Union Pacific may obtain
about six weeks ago that deal is being per-
tected between Alton. Kansas City Southern and
ao.eGo 81 Louis ana western. mere was an
during the afternoon Money rates stinened
somewhat.
IPorterield & Col
NEW YORK, Dec. 29.-There was continu-
to-day of the upward movement in the
stock market and the entire list made consid-
cradle headway Our early wire advices this
morning favored the buying of Brooklyn. Cop
per and the Western rails. The leader Of the
Pacifcs the Southern Pacific. This stock
advanced 81 share inside buying, which
in large blocks. ST Paul gained 81 over
yesterday. Missouri Pacific equally much.
Brooklyn led the fractions and Copper the In,
dustrials, with 81 net gain. Even United
States Steel common got active and crossed L.
The Keeling on the street was Jubilant
IA. r. Thompson & Col
NEW YORK, Dec. 29.-Another strong stock
market. with good absorptive powers the
part Of the public. is to be reported to-day. and
we are inclined to think that, while there was
some realizing, prices will continue, under spe-
cialty leadership. to rise from now on until
several weeks hence based on the intense bull
ishness Of the professionals and the improving
money situation the small fiurries in which to-
day not OF Importance. being incidental to
the end-of-the- year settlements. We would not
ignore fair returns as they present themselves
and would give preference in buying stocks &c
those that have not enjoyed aggressive ad-
vance, such Union Pacific, Southern Pacific
Erie, Illinois Central and New York Central
all of which believe will eventually sell
much higher. We very favoraby regard Mis-
souri, Pacific, Amalgamated Copper and Balti
more & Ohio, and also get tips to purchase
Brooklyn Rapid Transit again. News Of the day
largely favorable to the bulls including
further reports OF car shortage on Western
lines more harmonious relations between Stand
ard Oil and Morgan interests, etc. The Eastern
question still remains uncertain, and the argu
ments in favor Of peace are, in our opinion, ex
ceptionally good.