The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24

The upward movement in the local securities
market, which was naugurated the first week
of the new year, continued in progress the past
week and OF the leading stocks and bonds
show net advances of from = to points. The
largest sale reported to the Stock Exchange this
week the transfer of a block of 100 shares
of Merchants National Bank stock at les This
is the first activity in Merchants National for
some time, be told by the record
of sales reported 10 the exchange The closing
bid for the week 1876, with stock offered.
The largest single bond sale Of the week was a
block OF $1,000 OF Union Traction fves at 94S.
and Interest This sale made in the open
market to n banker outside of indianapolis, and
was not reported TO the Stock Exchange. One OF
the interesting developments of the week was the
sale of a block OF Brown ketcham preferred stock
the hrst sale OF the Brown -Ketcham pre-
feIred stock from the hands of an original in
weston The stock was fioGted about year ago
and toGr j. bid for the stock. and il is offered
at loi. The biggest advance OF the week was
made by columbia National Bank. Friday ilOIa
bid for the stock, which Is a net advance OF
4 points over the pld al the tnd OF last week
NO sales OF Columbia National reported
Belt Common advanced to ITO. the record-high
indianapolis Street Hallway stock advanced ~
points. TO Sl1. Home Brewing Company y point
to il41s, Union Traction hves l point to 10. New
Telephone tlong distancel fives, ~ points 97ls
tasked), Broad Ripple Traction nves / point to
80, Citizens street Railway nves. u point TO
LOST The prices indicated are bid quotations.
where il Is specified otherwise The Trac-
ton stocks have been quiet all the week. Just
sale in the fractions, a small block OF Union
Traction common, was reported. This issue
mains steady at so bid and 3212 asked The In
diana Union IS quoted at y bid and Il asked, the
in Union Traction short time before the holt
days. With the exception of the sale OF the block
OF Merchants National the bank and trust
pany stocks have continued inactive. But the
general condition OF the local market is good
and the volume OF business is large.
tbo Nom Vor- stool, uaarket tho No. ,rnni.
has recorded the most activity the upward
movement. which began before the end OF the
year 1903. and the largest one days sales this
year-nore than 100000 shares. This activity
is not due to a great public Interest," in the mar
ket. but TO the manipulation b. crowd of
powerful intei ests with which John W. Gates
il prominently Identified. The West has played a
prominent part In the trading all week. General
Indications point to continuance Of the oper-
10 conne 4 movement OF this sort is usna IIt,
extended over d period OF more than a single
time. but leaCing commission houses advise their
customers to protect all purchases with close
mission houses fear a setback at any time.
Porterhed & Co.-The entire stock market
J shows big Improvement the condition at
/ the close of last week From Atchison to Wabash
1 the rails are enhanced in value. In the indus
\ trial list almost everything was on the upward
trend this week. Realty preferred was boosted
! from 81 10 u by the Gates crowd. and Steel pre-
! forred 70 Co, the high point on this movement.
week and reached II, I30. The array OF
money aud talent on the long side is UMPIRE
i continuance OF the bull movement.
~ W Thomson Cfrom Logan & Bryan
| WaIl-strset house)-Barring development OF a
l war scare over sunday chances are in favor OF