The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-03

disposition in the second hour to take profits.
Some traders believe that the strength dispiayed
tion. while other traders look for continued
advancing tendency and higher a prices Int s
offerings were readily absorbed and only frac-
tional declines were shown from the best prices
After the noon hour the market gave evidence
of renewed strength on buying by Hartman in
terests. The excellent report OF Union PACING
favorably commented upon. The report OF
the Pennsylvania Railroad for October was bet.
net earnings decreased $4,000: Among the In
dustrials Sugar was exceptionally active and ad-
yanced 3 points what termed inside buy
ing or favorable outlook OF reciprocity bill An
nouncemont was made that the Canadian Pa.
cifc had authorized an issue OF $3,0o0OOO OF
per cent. bonds.
Meyer & Ki5er, Indianapolis.l
NEW YORK, Dec. 2.-An easier tone Prevailed
in the stock market during the later trading to-
day, but could not be characterized at any time
as weakness The greater part Of the session
the market was firm and displayed strong
undertone, which evidently reflected greatly
improved sentiment The easing off must be
attributed In the main to profit taking by pro-
fessional operators. and 1t not sufficient to
hold the market down until the close The fDal
prices reflected Sr o, nn wes
in the market during the cay; and there Were
seems to be wholly eliminated and reactions
are not always influenced by fear OF bear
as socss stand out partcusry in the
trading-Sugar and Amagarated Copper. Sugar
was AGGRESSIVE and the e,d buyng WAS
ton the outlook for the reciprocity bill or
nervousness on the part of shorts. Amalgamated
Copper was noticeably strong, and there were
rumors of settlement of the Montana trouble.
was scheduled to meet to-day, and this may
have been the Inspiration for the rally In Cop
per. The Steel stocks were held we'll and the
preferred at one time showed very good strength.
The traction stocks were relatively hrmer, but
somewhat neglected.
Railroad stocks were all firm and drives against
York Central a particularly firm feature,
but Baltimore & Ohio. st. Paul. Union Pacific
and like stocks Were all well held. The granger
stocks were notably strong. Towards the close
Colorado Fuel and Iron convertibles had sharp
for it, The Wabash stocks not quite so
aggressive to-day.
IAlbert II. Thompson & Co.. Indianapolis.]
NEW YORK, Dec. 1.-The stock market broad
ened to-day under good absorption of pool Of
ferings which fact makes for higher prices.
although Of course, ID must not be forgotten that
reactions of a moderate character are always to
be expected in a gradually Improving market.
The good absorption OF pools realizing places
the pools in strong position to operate for
more or less oversold investment buying OF
the last few days in anticipation OF the end
of the year disbursements has taken from the
market great deal of floating STOCK News
calculated to encourage the bull contingent.
The money market was favorable, considering
the disbursement preparat1ns aho III tne n %
has practically ceased. The weakness OF sterling
is caused by payments for stock bought for ac-
count of foreigners and the prospects Oh neavy
of cotton by foreign spinners We are strongly
bullish on Atchison. Reading Baltimore & Ohio