The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-10
ACTIVE AND IRREGULAR
STOCKS BOUGHT AND SOLD FREELY
ON MANY LEVELS.
Net Result Is Higher Range OF Prices,
Especially for New York Utilities
-IndustriaIs Also Helped.

NEW YORK, Dec s.-Another active and ex-
ceedingly Irregular market to-day gave evidence
of growth of variety and interest in the specu-
lation. although the total dealings fell slightly
below those Of yesterday. II obvious to the
most casual observer that there was enor-'
nous unloading of stocks to take profits by those
who had bought lower down, but the selling was
not pursued at the expenses Of values, and there
were recurrent rallies in the general list. There
was general agreement also that some Of the
most conspicuous strength Of the market was due
to fragrant manipulation. and that this was de-
signed TO cover selling to realize elsewhere. But
there was fairly good absorption Of the selling
and a growing hope OF an awakening interest in
the market on the part OF the outside public.
The professional element of stock spectators Is
deeply mbued with a conviction that wide
spread demand for securities is ever induced
without the preliminary invitation OF a spectacu-
lar and manipulative advance in prices. The
fact that conditions in the money market have
become such TO allow resources for this kind
OF campaign. and that conditions at large have
attained state which relieves the stock market
from an overwhelming food of liquidation on
any advance In prices, are regarded by the aver
age specuator a quite substantial grounds for
bullish enthusiasm.
The leadership Of the market to-day shifted
back to Brooklyn Rapid Transit and Amalga-
mated Copper There was furious speculation
later response In the stocks of all the New
YORK public utilities carrying them from three
Transit itself rose an extreme 5M. There is
aeepiy ingrained theory in the speculative world
be brought ultimately under a single control.
giving opportunity for important economies. es-
was the basis OF to-day's great speculation, but
so far as could be authoritativey learned there
Montana Senate of the so-called fair trial.
news affecting Amaieamated Copper. and the
speculation in that stock was principally intiu-
enced by the varying surmises to whether
the standard OIL interests were buying or selling
The stocks which were most active and strong
est yesterday during the pause for proft-taking
In the advance of Brooklyn Rapid Transit and
odsy Re selling %
comprehensive in the last hour and left net gains
only for the stocks mentioned for particular
Additional gold was taken in London to-day.
but that center continued to send orders here to
t buy stocks, II Is said that these holdings are
rowed here. The real origin of the orders is
open to conjecture. Chicago is credited with
OF money here also. Features of the money mar,
ket were the receipt by Geographic transfer OF
to New Orleans. By far the most interesting
feature of the current gold movement has been
the use Of British sovereigns form of re-
mittance. Sovereigns very rarely used by
gold importers owing to the traditional dislike
the standard weight to make them profitable.
York bankers this Week brings tRe total
ment to this country of British coin up to 5000 600
as most rema1kabe movement made pessSe
only because OF the abnormally low level at
very high price asked for for GOLD bars in London ~
at par value, were S. United States ' twos
advanced y and the threes Y per cent. on the
Following are. the days share sales and the
recorded price changes