The Indianapolis journal., 1904-01-14
BROKERS VIEWS ON
THE STOCK MARKET
Most of Yesterdays Trading Was in
Specialties by observation-disclosures
Anxiety Over Eastern Question.
Ia w. Thnmsnn.1


NEW YORK, Jan. 13.-The foreign markets
were less disturbed to-day, owing to lack of
definite war American rails showed
advance of about one-half point in London
above our parity closing. but the trans
actions for foreign accounts were extremely
limited. The market ruled dull during the en-
tire session and luctuated within half point
for the active issues. What trading there was
was in specialties or on pool manipulation.
There was evidence of good buying, however, in
Illinois Central. attributed to the Hawley force.
and il looks If there is something doing IN
the way of q deal between Chicago Alton,
Chicago Terminal and Wisconsin Central. There
has been a steady absorption of these issues
during the week, and all show good advances
we'll maintained UP to the close of the day.
credence that the United States Steel Company
had bought considerable stock of late of the
public Iron and Steel Company with the inten-
tion of taking these properties into the United
transactions showed a further decline in volume
and a rumber OF issues We're not traded in at
extremely narrow, the transactions being the
smallest ia months In the last hour the
market weakened under heavy selling pressure
on Rock Island and this affected the general list.
There We're also rumors just before the close
that had been declared, and this also
weakened the market
Meyer & Kiser.l
NEW YORK. Jan. 13.-When a professional
market becomes dull, it is without doubt the
most stupid and uninteresting proposition that
one can consider. Such was to-days stock
market and ii would require vivid Imagination
to conjure up anything Of moment worthy of
analysis or extended comment. Whether the
lethargy of the market was due to uncertainty
concerning the outlook in the far East or to
some other influencing cause, IL Is dlfrcult to
tell There no dominating factor that stood
out pre- eminently and traders sought no ex-
cuse for their inertia. So far as war Is con-
regularity with which peace and war is altern-
ately assured according TO the perspectives OF in
dustrous war correspondents 1t may seem
foolish 10 repeat that no knows anything
about the exact situation except the officials
themselves and they are not telling anything
that one could notice. Taking the industrial list
as a sample during the greater part OF the day.
Of the market huctuated within a very narrow
range and seemed 10 be entirely without the
iafire fraternity one stock-Republic Iron and
Steel-seemed to be within the neutral zone.
The United states steel Corporation would take
II over This particular industrial veteran can
II either a dangerous rival or a valuable acquisi-
tion for the Steel Corporation. This rumor has
published by conservative newspapers. Copper
fiuctuated within narrow limits, Sugar was in
aid nothing The railroad list presented little
OF interest except a break in Rock Island to-
culated on the exchange for a very obvious pur-
nose Pennsylvania developed a slightly re-
lions were to some extent neglected. The whole
market was in a slump. Money was easy and
Il
iuup OF twenty-five points as a result OF the
course OF the action OF the Cuban Senate in au-
thorizing the payment OF past due interest.
IPorterheld * Col
NEW YORK. Jan. 13.-There is very little to
be said about a stock market like that OF to-
day 1t is totally featureless and is waiting
for some radical incentive. The trading to-day
was done chiefly in small lots by professional
scalpers The best buying was in the low-priced
issues-Wisconsin Central Great Western and
Colorado Fuel and Iron. Some scattered profit
taking in the last hour caused a reaction Of
about one-half point from the high prices OF the
session. Wheat cables were lower and consos
higher. indicating a better feeling over the
Russian Japanese situation.
"A. r.. Thompson & Col
NEW YORK, Jan. l3.-The stock market was
dull and upinteresting to-day. Professionalism
ruled. The general list was motionless a large
part OF the time. Specialties to which have
called attention. including Wisconsin Central pre-
ferred and Alton. showed strength. For the