The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-25
Chicago Stocks.
rBy A. R. Thomson & Co.'S Wire. ]
BROKERS VIEWS ON
THE STOCK MARKET
IA. w. Thomson.1


NEW YORK. Feb. 24-The opening was firm
in response the higher prices from London
Supporting orders were evident at traction
below the market, and this fact caused some
covering the part Of short sellers Of yester-
day. However, the majority Of traders were
inclined to hold off. waiting for initiative from
foreigners. General sentiment is bearish. ana
lower prices are looked for in the near future.
The uncertainty in European circles is the cause
Amalgamated Copper appears to be pesged at
40. No news of Importance was current Stocks
experienced rally up to about midday. Inc
day. There is nothing in the market 10 en-
courage buying at present.
Meyer & Kiser.l
NEW YORK, Feb. 24.-Decided weakness de-
veloped in the stock market to-day and the
afternoon session was easy in tore There was
absolutely no strength at any point. and a
nervous excited feeling noticeable. Senti-
ment was bearish. and professional operators
disposed TO play the short side Of the
market for a substantial profit The stocks that
were sold heavily are not as rule, the play
admitted that there was some genuine liquida-
dalton of long stock. The only strength as
of activity developed at any time but it was
evident that any animation was at the ex-
pense Of prices There is much concern being
displayed the Northern Securities decision.
and rumor is current that IL Will be sWeeplngly
Should this be true the after effects are likely
to be such as to cause worry. There is nothing
authentic to be had concerning the decision,
but IL is almost certain to be against the COM
pany The selling to-day although limited to
some extent, was more suggestive OF uneasi-
ness than it has been for a long time. The
failures in Vienna. Berlin and Paris had an
adverse effect. Some of the weak stocks were
Union Pacific. Southern Pacific, Canadian Pa
citc, Baltimore & Ohio, Missouri Pacific, Atch-
ison, st. Paul, Brooklyn Rapid Transit and Erie
stocks The entire market weak, but these
were specifically The Steel stocks showed
little strength. The Iron Age will say tomorrow
that the general outlook is slightly brighter in
the steel and iron trade Amalgamated Copper
dull There good buying OF Penn
sylvania, but there excellent selling
also.
IPorterheId & Col
NEW YORK, Feb. A-The opening in stocks
fractionally higher and a better feeling
seemed prevail all around. There faint
attempt made to rally the market under these
conditions. and for time it looked IL it
might succeed. Cables however, announced
several failures in Berlin and one in Vienna,
followed by three in Paris. This was taken as a
for the room traders to sell and they
Immediately began to pound the general list. A
recession OF from u to / point was the result.
| Copper and Chicago Gas were the only excep-
| price. Ii noticed that very conserva-
! tive people were among the buyers late in the
day and. barring any unforeseen accidents. 1t
| would not surprise to see the market take a
| sudden turn for the better some time to-mor-
row, and under the large short interest rally
| of several points would not be very difficult to
| engender