The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-29

top figures. fractional reaction transpired in
the afternoon session, caused by higher money
with an upward tendency. Steel preferred. being
the leading feature. this stock grossly over
week is
Meyer & Kiser.I
NEW YORK Dec 2s.-Although the early
prospects inimical. both to activity and
strength in the stock market the developments
of the day were entirely at variance with the
initial prospects. The market consistently
strong throughout the day and heavy gains
were scored by numerous stocks. There
evidence of weakness or pressure to sell at any
point. There was tendency to take pronts in
the later dealings. but this was not sufficient TO
retard the upward movement 1t is difficult TO
account for the movements of stocks in to-day
news transpired Floor traders were very bull
ish and this furnished the initiative in almost
every instance. There increase in COM
mission business and the market was largely
professional London came in lower this morn
here il a seller of stocks. The bank state
ment of Saturday was another influence that
aging They were both without effect however
SpecialtieS were particularly aggressive through
sensational advance and General Electric and
Westinghouse were both influenced by particu-
larry bullish, though unseen, causes The in
dustrial list was aggresslVey strong, and at
times there was evidence Of manipulation. The
and Iron had one of its erratc upward move
ments. Sugar was steady, but not aggressive in
any way, due, perhaps to reduction in the
price of that staple. The allied steel and iron
stocks strong. fractions were aggressive.
the afternoon session, when heavy gains were
scored and these securities closed strong; Union
Pacinc ST Paul New YORK central Fenhsy,
vania. Missouri Pacific and like stocks scored
substantial gains Louisville and Nashville was
aggressively strong. Towards the close of the
market there a wild scramble for Steel pre-
ferred and that stock forced up at the eX-
pense of the shorts. giving particularly strong
announced to-day and the total OF 81, 250 900
was engaged in London for import here. The
regular dividend on the Wabash "a de-
bentures declared
[Porterfield & Col
NEW YORK Dec 2s.-This has been an old
time bull day in stocks. The market started
right at the opening. and the advances for the
day from 81 to s. share. In the railways
St Paul advanced So a share. and Missouri Pa
cifc Wabash. New York Central and others
from l 3 points. The steel and iron stocks
all made good Roadway, Colorado Fuel and Iron
Tennessee Coal and others being prominent
While United States Steel preferred sold above
81 General Electric advanced 81 a share and
the fractions all made new records on this
movement The pulse of the market is quick
incentive The fact that $4,000. 900 will be paid
out in dividends the first of the year is q big
bull card as IL is the interest on five billions
investment The higher prices for cereals and
the war prices for cotton mean untold riches
to the producers.
IA. r. Thompson & Col
New YORK, Dec 2S-Conhrmatory OF the
bullish advices have been relating for some
weeks, the stock market broadened in almost
every department to-day. and has again re-
sumed its upward swing. To-days heavy in
vestment buying, in anticipation of easy money,
carried prices higher under the leadership of
specialties in movement which we believe will
continue for some time. Stocks like Missouri
Pacific, St. Paul. Southern Pacific and Balti-
& Ohio to 10 points higher. We call
particular attention to-day to the fact that the
further engagement of gold for import forecast
by us because of the coincident ease in sterling
great fears Of a in the East, for in such
a 1t would seem that the British would
wish keep all the gold they could get. The
Eastern trouble reflected by the engage
ment of large lot Of Chicago meat for Russia
to-day Japan has been buying flour for many
weeks in the Northwest, according to ad-
vices. We do not believe would have a
serious effect our stock market. An increase
of both speculative and investment outside in
terest reported. and this shows a better
tone TO the market.