The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-26
BROKERS VIEWS ON
THE STOCK MARKET
Meier & Kiser.


NEW YORK, March 25.-All manner OF rumors
were current to-day in the financial district as
TO the exact situation IN the Northern Securities
case, and the question OF dissersions amongst
the various interests occupied attention TO the
exclusion of everything else. Before the opening
stories emphasizing the existence OF harmony
judiciously circulated. and it was pointed
out in redundant veroiagc that there was not
the slightest trouble between the various inter
ests Unfortunately. facts were neglected In com
piling these statements and we can supply the
defects There is not harmony among the inter
ests variously known the Hartman Hill Nor
approve the plan by which he was to receive
back part Great Northern and part Northern
Pacific for his Northern Securities, for whlch ne
had originally deposited all Northern PACING
The City Bank-Kuhn-Loeb faction are also de-
and it would not surprise II injunctons were
sought in the immediate future to prevent such
plan from beng submitted to the stockholders
of the Northern Securities Company. Unless har-
mony is restored by the modification Of the plan
be legal action of some kind. Now as to the mar
ket, have hesitancy In predicting that a
question IN at the present time There may be
spurts and periods of apparent strength but the
is likely 10 be downward The interests that
make a market are antagonistic TO any e1ii
runity of interest is going TO get a jolt in the
law bushness will not be at a premium Dur
an old-fashioned boom in stocks, but IL is many
moons away. When it is imminent our custom
measure. cratic, and trading was restricted.
The opening market was heavy and in fact. in
trouble in the Northern Securities affairs. and
the market had an upward squirt, led by Union
that security but in the later trading il failed
TO hold all OF its rally. Southern Pacific was
next in activity 70 Union Pacific. and acted
the beginning of the last hour, and it was not
particularly strong at the close. Pennsylvania.
| mated Copper showed up particularly well. re-
| tanning some of their early gains. Commission
| Steel preferred was not liked The earnings for
the quarter will make very bad showing Lon
| don traded heavily and bought little on bal
auce The preliminary cash indicatio point 70
| a gain of about SO 10000 by the banks. Demand
| sterling was steady and time money easy.
IPorterhed & Col
NEW YORK, March 25.-The stock market
opened steady around last nights closing prices
or fractionaly below. There disposition &c
sell the market, in the early dealings. and
Union Pacific sold down to 1885, Southern Pacific
TO 47ss St. Paul 14Ok, and others fractions under
| the opening buying movement in Pennsyl
| vania started the entire list upward. and Unior
Pacific again assumed the leadership, closely fol
| lowed by Southern Pacific. The former rallied
| ern Pacific to 1886, Pennsylvana TO lisk, st
! Paul 70 l42@ Metropolitan, Brooklyn RAPID
| Transit and Steel preferred and Sugar each
| point: the balance of the list from II TO u Ow-
| ing the interrupted telegraph service 20 Chi
cago the Western contingent's transactions were
| 1oubtedly considerabie orders unflied from thai
| source. The market. UP TO noon, was rather al
active one. but after that hour lapsed into FIRE
quent periods of dizziness. The undertone. how
| ever firm until about o'clock, when gen
| eral prort taking selling movement resulted In
break from high prices of point and hal
| from 4 to Z in the general list. Close was rath
| er tame, and at or near the above concessions
! dips like that of this morning. as the bull feve
has not been dispelled by any means.