The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-04-01
Chicago Stocks.
BROKERS VIEWS ON
THE STOCK MARKET
La. w. Thomson. ]

NEW YORK March 31-The approaching
holidays tended to restrict operations in the
market to-day There was a fair amount Of
activity at the opening. with evidence of
strength in the leading railroads. London
cables were encoura ging but foreign houses
had few orders of consequence. The activity
and strength in Steel preferred at the opening
was a gratifying feature and confirmed IN part
rumors that the full dividend would be de-
ciared at the meeting to be held Tuesday
next The activity in the railroad list dimin-
ished somewhat after the first hour profit
taking Interest Was more or less centered in
Atchison, Union Pacific and ST. Paul. and move
ments in these stocks were closely followed as
Indication of the general tendency. The failures
OF two trust companies We're announced. one in
Boston and one in Cleveland. The suspensions
however exerted only temporary depressing
effect on the list. There is evidence that Gould
tics THE strength in Missouri Pacific and
Wabash tends to confirm this suspicion. The
extension of the Wabash Railroad to tide water
future and the earnings will show large in
crease after the completion Of the line into into
week indicate a gain by the banks of about
$4,000 900. In the last hour the market hardened
perceptibly, but with no increased interests. The
close was fractionaly higher.
Meyer & Kiser.l
NEW YORK March 31-Although there were
no sensational advances in the stock market
to-day, and activity was curtailed. the market
was strong and the sentiment of traders seemed
70 he buliish 1t was an entirely professional
market without outside influence and not at
All suggestive of the operations OF any of the
powerful interests that make or unmake mar
kets The stocks that have attracted the most
attention during the week are relatively dull.
ana some of them showed fractional declines to-
dav The market irregular in sense. but
the periods of reaction were not prOtracted, nor
were the declines permitted TO extend very far.
When the market became easy in tone il be-
came evident that there some underlying
sustaining influence that held the market from
breaking Traders. however who operated on
the bear side were not disposed to be aggressive
and were. in fact ready TO run on the hrst
upward movement. The early market that is
during the first half hour. was steady and even
strong The remaining part of the forenoon
session was reactionary and before | O'Clock
the active stocks all showed fractional recess
sions Union Pacific broke below S. but later
rallied we'll above Sc. and with the exception
of Peoples Gas. these were the widest fluctua-
tions OF the day. The best strength developed
i'm the last hour OF trading and the tone OF the
whole market became stronger Among the
active stocks to-day that attracted attention,
Peoples Gas scored the largest advance. The
buying of that stock particularly good. and
was based apparently on the report that the
court OF last resort would hand down decision
favorable TO the company. Although st. Pau
sold as low IA. its fluctuations were not large
aid its gain was fractional.
IA. r. Thompson & Col
NEW YORK. March 5i.-Irregularity the
chief characteristic of to-day's stock market
There was further accumulation of stocks uDoi