The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-03
Chicago stocks.
BROKERS VIEWS ON
THE STOCK MARKET.
IA. W. Thomson.l

NEW YORK March 2.-The opening was firm
on better tone for Americans In Lonoon. Inc
movements showing advance OF the oay were
confined to the speciaties. Among the raiIrOaus
Alton advanced a point on purchases mace lor
account of the pool Manhattan declared the reg
ular quarterly dividend of IL per cent ana an
extra 1 per cent. Leaders among the bituminous
operators expect a strike which will affect ooO'-
600 men. Atlantic Coast line reported strike or
about half of the section men on their llne Inc
market extremely dull during en.iie sS'
but acted very well under thg pressure to sell
stocks and believe that all or the leaoiiI So, L.
sues, especially the dividend payers arc e
quietly acquired all offerings
Meyer & Kiser.]
NEW YORK. March 2.-Trading in the stock
market to-day a nominal affair ana ouii-
ness ruled as yesterday and preceding days.
The market is, Of course, wholly proiessioH"i
and in consequence, absolutely fiat ana mar
row. The uncertainty concerning the Northern
Securities decision and the preponderance oil al
verse influences make traders nervous ana as
inclined 10 make commitments. IL is extremely
doubtful IL any outside interest can De con-
jured up at this time, and Tagging MANY
seems to be inevitable. Some interest was n s
tested to-day in the announcement from Pitts
burg that the United States Steel CorporatIon ~
iron at sl3 a ton. This may be regarded as
bullish influence Steel. There was some sood
buying to-day of Steel preferred. The general
news is light. Among the active stocks We're
Pennsylvania, Steel preferred, Brooklyn tntplu
Transit Mexican Central, Sugar and St. Paul
The strength of Mexican Central was regarded
as significant but explanation OF IL mas peen
obtained The trading in the stock was unusually
large 1t might be ascribed manipulation
There was some good buying or ST. Paui on the
theory that the next statement would make
good showing Pennsylvania was the most active
stock, but Ii declined fracuonally during tne uay,
Chicago & Northwestern fairly active for
that Stock and very strong The Iron Age does
not take a very optimistic view or the OUTLOOK
and the strength in steel preferred is not easily
exulainable
IPorterfeld & Col
NEW YORK March 1.-The stock market was
a repetition of the past week as far as dizziness
was concerned. The opening was easy and with
out material change from last nights close. NO
feature to the trading at ali and the only note
worthy fact worth chroncling was the strength
of the Iow-priced stocks These dead ones seem
to be gradually working to a higher level and
while 1t is slow process nevertneIess t aots
shortly. In such market as this II Is useless
to attempt TO b PreGi e s any do mot expect any
further decline Of consequence. II rs evident the
speculative fraternity is and VIII hold aloGr until
something definite occurs TO influence their oper-
atoms way the other The late quota
tons showed strength all around and close was
at the best prices of the day
"a r. Thompson & Coz
NEW YORK March 2.-Transactions on the
Stock Exchange to-day reflected strong under
tone in speculation, induced partly by the short
covering that took place, and by the revived ac-
tivity of pools in their speculations. which we
interpret favorably, indicating, as 1t does, the
belief that Improvement is approachisg in gen
cral conditions, and that all liquidation pending
has occurred The foreigners bought stocks
again to-day, and with any clearing of the war
situat ton would take large lots OF securities, &C
cordinc 70 our advices from abroad. We desire
TO call attention to some special information re-
ceived to-day from un1uestioned source, in
regard TO United States Steel stocks. On which
we are bullish and which we believe should be
bought whenever soft. The corporation Will, ac-
cording TO our information show between Sl5,-
(.0 600 and $4,000 600 earned for the first quarter
of 1904 as compared with between s14O 900 and
SIS 900 900 the last quarter OF 1898 The ca
pacity of the company in rails has been almost
sold out for the year. This is big bull card on
both stocks of the institution Turning TO some
of the specalties, would recommend pur-
chases of Consolidated Gas, Rock Islands, Chi
cago Terminal. Southern Pacific. Brooklyn Rapid
Transit and Anal amated Copper on all weak
snots for turns There is reason to look for
favora BILE developments in the not distant future
in connection with each of the stocks named.
Amalgamated Copper will get an increased divi-
dend IL its earnings any criterion. Brooklyn
Rapid Transit is being bought for control. 1t is
a valuable property