The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-11
LOCAL STOCKS AND BONDS
SALE OF COLUMBIA NATIONAL AT
liz REPORTED YESTERDAY.
One Other SaIe-$1 900 Water Fives-
Bond House Reports Demand for
Municipal Securities.

Columbia National Bank stock sold this week
at IL. The sale Of a block of ten shares at
that figure was reported to the exchange yes
terday This is the highest price paid for Co
lUmbia National for some time, and the trans
fer reported yesterday is the first sale of the is
sue reported TO the exchange for several weeks
The bid for Columbia National the first Of the
year 1851.
Only one other sale was reported yesterday
s.. Oo0 Water fves at par. Thus far this week
not nearly many sales have been reported
to the exchange last week. but there is
good volume of business going on in the open
market. which is not being reported. Several
sales of 1oO-share blocks of leading issues have
been made the past three days. but none Of
these sales has been reported. The prices al
which these sales were made show that the tend
ency of the open market is Just as strong as
the quotations made on the exchange
The bid for Indiana Hotel skies was advanced
; points to 70 yesterday. The ask price holds
firm at par.
There has been bid of 1ol for Union Nation
al Bank for several days. but it has brought
out no stock. No ask price quoted yes
terday.
over 500 shares of Union Traction common
have been sold in New York and Cleveland
the past few days. The bid for the common was
advanced to % yesterday from 81. The stock
offered at So
The bond houses report excellent business
in municipal and county securities. The fact
that the assessment will be made the first of
March this year. instead Of the first of April.
has tended to increase the demand for mu-
market outside of indianapolis The earlier
assessment this year is having the erect OF
bonds.
show an advancing tendency.
There is a great deal of bull talk about
the Steel securities. owing to the demand for
structural steel at Baltimore says wire
from New York to Meyer & Kiser 1T is stated
that large orders for structural steel have al
ready been placed with the Carnegie COM
pany Professional sentiment favors higher
prices throughout the list, but IL is not likely
advance will be pushed very far In view OF
the recent disastrous attempt on the part OF
the Western interests to force a bull market
A r. Thompson & Co. (from their Wall
street correspondents believe this is
trading market to be sold short sharp bulges
for turns and bought when driven down for
the amount of profit. The outlook favors
neither a bull market bear market. But
as financial conditions are gradually improving
il is merely question of time when the level
should be higher than now. and it would be
well, therefore, TO give preference 10 the long
side of the account especially in such stocks
Southern Pacific, Union Pacific, Brooklyn
Rapid Transit and Rock Island, on which We
are bullish, and would buy on declines
wire TO local paper says: 1T is not inn
probable that money will harden in the next
few weeks. Bankers hold the view that time
money will be quoted at per cent. within a
short time. Northern Securities broke sharply
on the curb to-day. Ii is reported that OF the
$50, GOO, 900 borrowed by the Pennsylvania Com
pany more than $4,000, 600 has been spent. 1t
should surprise no one II they wanted some
more in short time. War news is thus far
record Of japanese victories"