The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-24

lines In the second hour the fractions doomed
into prominence became quite active ana sce ee
ing of the Republic Steel issues In which the
preferred scored loss Of six points ,S snd
hension on the part of holders that the company
would authorize bond issue. as IL is known tnat
the company is badly in need of working capital
in order TO modernize some of Its plants:
The features of strength in the afternoon were
Southern Pacific and L, & N. The latter stock
was advanced on the expectancy that the NASH
dend. This stock is largely held in the treasury
Southern Pacific is expected to go on dividend
basis next year. The undertone of the market
in the last hour was exceptionally strong all
the list IN se sPwa dss and
gaining sharply for the day
IAlbert r. Thompson & Co., Indianapolis.1
NEW YORK Nov. 23.-Strength in undertone
and on the surface was prominent in the stock
market to-day. and there is promise OF higher
me do IN not the anticipate strenuousy
bull movement, We do anticipate that the mar
Chase Of such specialties as Metropolitan. south
ern Pacific Reading, St Paul and wanasn rI pre-
to advance sharply the short issue. and they
should be taken whenever weak in appearance
cali money rates which are but temporary. were
bulish, as it was reported. News came from
permit the Panama canal bonds tn be issued as
security against national deposits and also crcu-
reap haSe Surplus of about
of "a. 000, 900, as shown by the bank statement
Meyer Kiser. Indianapolis.l
NEW YORK, Nov 2s.-There were some weak
spots in the stock market to-day that induced
temporarily an uneasy feeling. but the general general
of the market was good and sentiment regarded
favorably the resistance offered to pressure
Taking the market in detail. the incident that
stands out most prominently is the sharp break
in Republic and ah rans and While
all sorts of rumors are going the rounds, there
is a very we-defined suspicion that the break
orators. Metropolitan securities were particu--
Iarly aggressive. They received the attention of
certain political speculative Clique; South ,,ra
much assurance to deny that there were no pool
operations in the stock Union racine was also
strong The Steel stocks were not particularly
interesting although the preferred T1nssed to
later on and exhibited some good buying but re-
tanned heavy tone. The Steel bonds LACKED s
The industrial list as a whole, scored incense
quential movements. and the entire market was
Money rates were firmer to-day. and call funds
quoted as high as per cent cent easing a neon e
[Porterheld Sc Co., Indianapols.1
NEW YORK. Nov. 2S.-The bank statement
had no influence on prices after the first half
fleet the hve-million gold import that arrived the
latter part of last week. The opening was irreg-
Sn Sd ana tRe entire list
states Steel preferred gained IL points, South
sSSns srs was nfsTs
ried Metropolitan up y share; Ihere are a
and the fact that many stocks selling at
prices that yield per cent. or more, and that
| the demands for crop movement money have
| To purchase Southern Pacific has been steadily
| advancing upon its merits. In the past five
| terments. The improvements equal half of the
| value of the capital stock Next year 1t will go