The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
LOCAL STOCKS AND BONDS
SALES OF 242 SHARES OF TRACTION
STOCKS REPORTED.
First Sale of indianapolis Northern
Traction Bonds Reported Yes
terday-Other Sales.

Two hundred and forty-two shares of Union
Traction common stock and IS, coo of bonds were
reported sold at yesterdays session of the Stock
Exchange. The Union Traction went in two
blocks OF 100 shares at 3O& and 81, and one block
of AZ shares at 81. The bonds reported were a
block of 5000 indianapolis Northern Traction
ives. at S7lz, and $1,000 Water fves at par.
This is the first sale of the indianapolis North
ern fves reported to the exchange. The issue
listed last week. The ask price remains at
30 and the bid at So. 1t is understood there have
been a number Of transfers of the issue In the
open market.
The bid for indianapolis Gas skies was ad-
vanced TO 1912 yesterday. None of the issue was
los, and there are few of them on the market
There was bid of 20 on the Exchange yester-
day for Indiana Hotel skies. which were listed
last week. This is the first bid. The ask price
is loo.
j. F. Wild & Co. report the sale of a block of
loo shares of Reeves & Co. preferred stock The
issue is not listed on the Exchange. Reeves &
Co. preferred stock is on a per cent dividend
basis. The quarterly dividend of Ia per cent Is
payable Feb. 10. Books close Feb 10.
+
1.-The loss of s5OOOO0OO to insurance companies
by the fire at Baltimore will not have much eff
feet upon the money market said local banker
yesterday. THE money to be paid out by the
insurance companies for the fire losses will not
60 out of the channels of trade. and, anyway
$50, 000, 900 is not such enormous sum TO the
financial community of New York. This infu-
ence together with the payment by the national
banks OF 20 per cent. OF their government de-
posts, may make money little higher; but the
market will not be affected materially The local
market will not feel the effect of the insurance
losses or the withdrawal OF the government de-
posts. The stock market has already been al
fected by the fire at Baltimore"
A. r. Thompson & Co. 6rom their Wall
street correspondents. 1.-The serious consequences
to the stock market entailed by the Baltimore
fire are yet fully realized. The surplus
of the insurance companies is invested in the
best stocks and bonds listed the New York
Exchange, particularly those classed as closely
held securities. Many OF these must be iqui-
dated in order to provide for the immediate and
pressing demands of the stricken city. The fol-
lowing item printed by Dow, Jones Co. will
convey idea of the situation: The list of
investments OF the Home Insurance Company,
which, ii is stated. is the company most vitality
affected by the fire, shows that the surplus of
the company is largely invested in active bonds
and stocks To meet the fire losses part of
this list will probably be sold The list is char
acteristic of the investments of all insurance
Bonds-Burlington joint tours, s400. 000 Pennsyl-
yania c0nvertSles 500 600; Panhandle f our
600; Union Pacific convertible fours. SIC, 600.
Stocks-Pennsylvania, $3.50 600; Reading firsts.
Southern preferred $500 900; baltimore ( Ohio
common. $780, 900; New Haven, $500 900; New
York Central. 600; Omaha, 500, 600; North
sH U GaS G5S &eW York
states bonds, 100000; District of Columbia
bonds. 100000; other State bonds. s215.OoO."