The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-12
Local Financial Gossip;
Bankers and Brokers' Talk

The statement given the stockholders Of the
Marion Trust Company yesterday shows the year
1903 TO have been the most prosperous year in the
history Of the institution. the net profits being
- per cent. greater than those Of the year 1902
Inc usual semi-annual dividend OF Pa per cent
was ordered paid. and net earnings for the last
SIX months CT Sls. II were added 10 the undi-
Vided profits account, which item now amounts
Ferterfeld & Comparative understand Wis
consin Central will show the best earnings in its
history for this year and it is expected the pre-
ferred will so on a dividend basis. Great West
ern Is feeling the benefit Of its new connections.
Money is easy and everything looks encouraging
Tor a good stock market
The national banks will hold their annual
meetings to-day. Perhaps the most notable
change to be made in the personnel Of the local
institutions will be the election of Medford Is.
Wilson TO the presidency OF the Columbia Ma
tional Bank. Mr.. Wilson retired from the Capital
National, which he helped organize ana was
the executive head % the Columbia National. He
VIII succeed Albert A. A. Barnes. who took the
presidency when Mortimer lowering went TO
Chicago The directors of the Columbia decided
several weeks before the holidays to elect Mr..
Wilson president Il was Mr.. Wilson's intention
that time to remain al the head of the Capt.
tai until to-day but he resigned the presidency
some time ago and Mr.. William F. Churchman.
who owns the controlling interest in the institu-
ton, was elected to succeed him. 1t is under
Central Trust Company. will he elected a director
of the Columbia National to-day.
THE predictions made in December that the
local securities market would be much more
active early in January Undertaking." yes
terday said z. NJ Johnson, OF j. F. Wild & Co.
The operations the Stock Exchange do not
reflect the volume of Business that is going on
in local stocks and bonds. 1t be said very
conservatlvely that trading in the local securi-
ties market is active. The disbursement OF
dividend and interest payments the first of the
year is one factor in this renewed activity, Of
course Another thing that operating for more
activity is the generally improved financial con-
dition, and the increased confidence Of capital
lists and investors in the stability of things We
the first two weeks of January than did
during the entire sixty days before the first of
the year"
The New York stock market showed consider
able strength yesterday and gains were made
by some OF the Leading railroad and industrial
stocks In the afternoon the gains were lost.
practically, by profit taking. Though most OF
and the advances were due to straight manipu-
lation. the market showed Improvement. The
general feeling over the Russian-Japarese stu
alton is much more hopeful.
The Stock Exchange will hold its annual meet
ing to-day and elect officers for the year. The
sentiment to be growing, was indicated
IN these columns some time ago. that ]. F. Wild
Will be reelected president. No other name
has been mentioned in connection with the presi-
dency of tho exchange. and it seems to be the
general opinion that Mr.. Wild Will be president
another year. If he will take the office.
Meyer & Kiser (from Bartlett. Frazier & Co. s
| Wall-street house)-Money continues easy. The
undertone OF the stock market is such war
rant repetition of the prediction that for some
time TO come the strong market VIII prevail, and
| that understood boom may develop. TAX
ing individual stocks. the most significant move