The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-16
UNITED STATES BONDS
CBy A. w. Thomson's Wire.)
BROKERS VIEWS ON
THE STOCK MARKET
stocks I'm New York Were Not Affected
to n Great Extent by Break in
japanese and Russian Bonds.
Ia w Thomson.l

a. w. InOfuSOn-I
NEW YORK. Jan. 15.-The news of the early
morning was not so reassuring regarding the
situat ton in the far East. English pessimistic
sentiment was reflected in the heavy security
market abrcaS. Japan and Russian bonds, as
well as British consols, suffered decline. How
ever the New York market opened firm, still
ignoring the uncertain footing on the other side.
Financial sentiment here is gradually crystailiz-
ing that should war be declared it would bene-
fit this country In selling nan Sanada Paciac
was due to purchases of Montreal and toronto
interests. The Rock islano ISSUES wgre I'm III C III
the common stock advanced on buying py I'M
cago pool interest. TIPS were Freely cIculatSu
tina. the bear campaign Is about over anu a SUI
stantial rally from the low prices OF yesterday
. " Meyer & Kiser.I
NEW YORK. Jan. 15.-There was no particular
feature TO to-day's market, and dullness was the
feature. There was a fairly good undertone
during the greater part of the day. but slight
reactions were noted at various times, and clos.
ing nrices were we'll below the pest nsures Oh
the day. although absolute weakness 1iI not
was the result of the directors meeting OF the
United States Realty and Sonseru enations nf
directors and the Black-Gates-Sullman inter
ests are left in supreme Eon. asGred II mist
be said that conservatism is the strong suit OF
the new forces IN the company he dnarafsd for
held out that the company. VIII oe operdIsu lor
the benefit of the stockholders and al alliances
with labor unions be diSclalmeu. realty stoch
was somewhat stronger to-day ana the PROMISE
&c hold ont even now that IL will b. MADE 10
seu much higher. The short interest in Rock
island. particularly the clique whlch mas peen
hearing the stock for some time, received a
severe Jolt in the early trading, when an ad-
vance of nearly two points was scored Dy the
con,noon The Steel stocks were comparatively
strono reactine slightly in the afternoon. The
tractions were dull. but Brooklyn Rapid transit
a comparatively weak. The rest OF the list
presented little of interest.
IA. r. Thompson & Col
NEW YORK. Jan. tt was a strong I'M
dercurrent of bulIishness throughout the tone of
the stock market to-day, Notwithstanding the
donressing war rumors that emanated thick
and fast from Washington. The bull feeling
~ a based upon the gain in cash by the banks,
tbe further Improvement in the iron situation,
Pennsvlvania-Gould harmony and increasing eX-
have frequently stated, be ignored with impru-
dence. We desire TO refer TO the enorm0us gam
from the interior by the banks, ana also from
tbe subtreasury. These are due, hrst, 10 the
movement Of the crops and to the pension pay
roents and cold import receipts. Therefore they
forocast a sulendid bank statement tomorrow.
which means lower rates for money next week.
and uadoubted absorption of stocks by investors.
who have already begun to take note or the
easier money tendency and bought stocks to-day
in the consolidated Gas and electrics class We
again call attention to the advisabiity OF having
limos in Pennsylvania, the Rock Island and Gould
issues like Missouri Pacific. Wabash preferred,
Southern Pacific and Copper, are excellent pur-
cbases. There is a strong bull point out on st.
paul to-day and we believe the Standard Oil
people will take holo of 1t soon.