The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-04-12
Chicago Stocks.
tBy A R. thompson & Co.'S wirel
BROKERS VIEWS ON
THE STOCK MARKET
Ia W Thnmsnn-l

NEW YORK April 1.-THE tone OF the mar
ket the opening this morning decidedly
bush. London liberal buyer here and
traded to the extent of about $1,000 shares In
a majority of instances the top prices were
recorded in the first hour of trading. No doubt
many spectators. both large and small. took
advantage of the early strength and sold stocks
freely The decline in Consolidated Gas was due
to the likelihood of Mayor Mcclellan vetoing
the Remsen gas bill. which passed by the
Legislature few days ago Among the strong
stocks of the morning was Atchison. which
again resumed the leadership in activity and
strength There is a report that a strong foreign
pool operating in this stock. and would not
be surprising to see Atchson sell much higher
In the near future The strength in the trac-
tions was on the Developments at Albany The
the Legislature and better conditions will be re-
Elected in the market for these stocks. The
banks have gained. since last Friday. S. 0.OOO
An engagement of $1,000 600 gold for export was
announced to-day. Profit taking throughout the
day caused declines. but these were confined
within fractional limits. Traders were disposed
the e OF oe % be e
clines reached at the last half hour.
Meyer & Kiserl
NEW YORK April u.-To-day's stock mar
ket has been less irregular. but towards
the close rally in specific stocks gave better
tone to the whole market and sentimer, in
fuenced accordingly There were no develop
times draggy and exceedingly dull The early
prices were, in many instances. the best of the
day The reactions. however were not severe and
some of the prominent stocks fuctuated within
an exceedingly narrow range. Specialties
taken in hand by their friends. but with
two exceptions. no effort made to push the
prices very much. The market DID not pay
much attention TO the prospective crop report.
1t is too early in the year for a crop scare TO
affect stock market prices. Manipulation in the
particularly in Brooklyn Rapid Transit. The
stock was. advanced sharply and the predic-
were fully verified No facts in explanation of
the advance offered, and il is doubtful IL
Neither domestic nor foreign news had any in
fiuence marketwise to-day. The early squirt col
lapsed before the end of the first hour and
thereafter the market was erratic in its be
havior The undertone throughout. was good.
small advance, but sold off a full point and a
half Before the close * regained its loss.
was narrow 1t strengthened up considerably be-
fore the close. Amalgamated Copper was barely
Atchison was one of the most active s,ocks of
| the day and held its own very well. Steel pre-
ferred was relatively steady. Reading scored a
gain in the forenoon. but IL was exceedingly
dull thereafter There was no evidence of profit
| times was fairly good The volume of trading
81 o n & fer One house en-
don did very little in our market
[Porterfeld & Col
NEW YORK, April 11-London came in as a
buyer this morning and caused a very strong
| opening all along the line Some of the gains
were over 1 point above Saturdays close The
| majority of the rails went even further. and
recorded advances over the opening of half
point fractions notably firm and held
] well. Soon after the first few quotations were
printed the average list lapsed into dullness and
| towards noon it got extremely So The market
| gradually sold off under these conditions and
while there was demonstration by the bears
| or any effort made to depress prices sharply a
weaker tone was noticeable all around and the
early advances were mostly lost. Towards the
| end OF the session squirt in the fractions &C.
| CURED, led by Brooklyn Rapid Transit which
| had very salient effect on the general list and
i the close was mostly at the best prices
| of the day. Would take profits in the morning
| on any further bulge. the long delayed recess
sion is bound to
! IA. r. Thompson & Col
NEW YORK. April I-Aside from the widely
distributed bull points the local traction Sc
curities. there is little to be said of to-day
stock market further than conditions to be
purely professional. The public appears disin-
| cned to participate in the dealings to any ma
| terial extent. The question most discussed in
/ the street at present is whether the public will
| respond to higher prices or whether a very much
| lower level is awaited We consider an opinion
| on the subject worth but little, as conditions