The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-29
BROKERS VIEWS ON
THE STOCK MARKET
Ia. w. Thomson. ]

NEW YORK Jan. 2S.-The temper OF our
prominent traders to-day such with the
news in hand that they ready to work for
a decline throughout the list Reports were
again freely circulated regard to the steel
and iron business, which would make it appear
that renewed depression was in order on this
line, but advces from people who gener-
ally we'll informed state that there is a gen.
eral Improvement shown and being maintained in
practically all the branches of this business ex
deadlock still exists between railway compa-
MES and the steel Corporation as regards the
ordering very sparingly, IL is admitted, but that
they viii get together on some basis ere long,
certain. 1t was stated the board at
intervals during the session that concerns with
international connections mad received private
advices that the conflict had broken out in the
Orient. and selling orders were placed with
ment to create bearish tendency which was
partially fulfilled. The present reaction may
anything to change the general situation and our
views that we will see higher prices in the next
five six weeks.
Meyer & KiserI
NEW YORK, jan ZS.-We have quoted from
time to time during the past two or three
months the opinion of a very prominent banker
on stock market and money market conditions
and IN general questions of interest That ne
has been invariably accurate does not need to
be attested by Us. He has given Us to-day
some very interesting views on the situation
its way into public print. lie says: 1T is IN
derstOOd by members Of the government and bv
those Who very close 10 the Department
Of Justice that the decision in the Northern
Securities has been practically reached /
believe that il will be against the company
and in favor OF the government and that il will
modify only slightly the decision OF the Cir
cult Court Tho only Danger in the final ad-
Indication OF the case Is thai will be preg-
mart with unpleasant possibilities for other cor
porations. should the Department of Justice sec
1T TO enforce the sherman antitrust law in
accordance with the ruling OF the The
political situation, so far the Republican
party is concerned. resolves itself into Roose-
Welt II Organism points the Democratic plat
form, il means Roosevelt at the election with
out am question. one draw his own deduc-
tions. 1t is my belief, based private cables
from st. Petersburg. that the situation between
almost impossible avert a conflict l see no
reason 10 enthuse over the stock market out
look
IA. r. Thompson & Col
NEW YORK. Jan. 2S.-Sellng of United States
Steel. upon which have been conveying in
formation 10 ignore. caused reactionary tend
ency to-day. After firm early trading. and
under the further influence of a slight hardening
OF money and unfavoraDle private advices from
the far East the professionals We're successful
in bringing about a recession in the general
list. ON this decline excellent buying occurred
I'm the Western railroad stocks, including Union
Pacific. Southern Pacific and Missouri Pacific,
ano believe they should be bought when
weak. IL is evident that the market Is develop
ing into purely trading affair, We recommend