The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-10
LOCAL STOCKS AND BONDS
NEW TELEPHONE STOCK. RIGHTS
on, SELLS ON EXCHANGE AT 90.
other Sales Yesterday Inciaded
Union Traction stock.


New Telephone stock was active on the
change yesterday Sixty shares in ten-shars
blocks. with subscription rights in the Indian
apolis Telephone Company on. were sold at -.
The stock was strong throughout the session the
bid OF 30 being maintained by two houses after
the sale of sixty shares These the first
sales since the stock began TO advance last
week. The last previous sales made
around s. and S.. The stock was not quoted en-
rights.
A premium OF s. bid for the subscription
rights of the stock. They were offered at SIS.
Figuring the market value OF the stock OF the
Indianapolis Telephone Company the basis
OF s. premium for the rights OF New Telephone
stock this is a low estimate. and IL is probable
that the bid for the rights will be advanced on
the exchange to-day
Marion Trust was another active stock on
the exchange yesterday. a block OF twenty shares
selling at 22Si5. The closing bid was 20. and the
closing offered price ga This Is the sale
of Marion Trust the exchange reported TO
the exchange for some time The issue has been
strong at go bid all along.
Union Traction common showed q measure Of
activity on the exchange again yesterday. .
block of ten shares selling al SO. This IL y
! point below the price at which small block
went Tuesday, and J point below the last
| previous sale price The bid closed at s2l1 and
the ask price at sfh. The sale OF 100 shares at
s24 was reported. Union Traction common. up
TO this week. had been very strong for several
weeks. sales being around IS. But this week 10
has shown considerable weakness
Street-railway stock advanced 1 point on the
bid price. the sale OF a block of nifty shares
| al s6h was reported This issue has been strong
keor arffx h. asf
two or three weeks. The bid and ask prices
just one point apart now. the stock being Of
/ fered yesterday at IS.
The feature OF the bank stocks yesterday was
| an advance of points in the bid for Union
| National. The bid advanced TO 1oS by the
| house which has maintained the bids Of par
and lO1 for some time. There was no offering
| price the stock at price The last sale
was made at 1914 American National holds
strong at 152 bid. with the offering price firm at
| l55. None OF the other bank and trust company
stocks show any changes.
The activity in Atlas preferred and Brown
| Ketcham preferred seems to be little smaller
than a week ago. On the exc .ge yesterday
the bid for Atlas declined Il point. TO loSx. and
| the bio for Brown-Ketcham u point. to lo3is-
There have been no sales in either OF these issues
| this week.
| A block OF fifteen shares OF Traction and
| Terminal stock was sold yesterday afternoon
| by one of the washington-street houses at asa.
| The bid for this issue shows some advancement
| over the bid of several weeks ago.
|
Midland Portland Cement common stock was
| offered at 40 the exchange yesterday. 121s
points higher than the ask price Tuesday. The
| he at ines. av 4
| quotations. 721k for the stock and s7h for the
| bonds