The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-04
Chicago Stocks.
BROKERS VIEWS ON
THE STOCK MARKET.
L.. W. Thomson. ]

NEW YORK, March 3.-The market was list
less to-day. There were a few specialties resur-
rected to a semi balance OF life. among which
Alton figured conspcuously. Rumors had it that
this road would be found in control Of some
leading Western lines shortly Brooklyn Rapid
Transit marked UP fractionally by the pool
no doubt TO attract interest for the purpose Of
dsposing of some of their holdings. The banks
have lost through the subtreasury. since last
Friday. s1.cOo co., but the call made By the gov
eminent to-day on the national ton banks of New
gan & Co. for the part payment for the Pana-
ma canal will offset the loss. The market
closed as it opened. extremely dull and with
Meyer & Kiser.I
NEW YORK. March 3.-There was a firm
tone to the stock market to-day, but dizziness
still prevails and trading is reduced TO mimi
mum. The market is in the hands Of few pro-
fessional traders and 1t is quite featureless
as it could possibly be. One of the speculative
clques tried their hands to-day at marking up
their specialties The result was not particularly
significant. The most important news develop
ment of the day was the formal call by the
FUNDS by the national banks meet the canal
payments The local banks are required 10 pay
BANKS are 1nfied ana tbat % ner Cent of their
United States deposits must be deposited by
March with the ten special depository banks
Mexican Central There heavy trading in
that stock throughout the day and 1t was very
strong. There was some evidence of manipula-
ton; however; Sugar was strong and there is
was reasonably active and steady. Other active
stocks, using the word active in comparative
Rapd Transit anna nnion pacae These stocs
all made fractional advances and held them
Ga The ssee stocks 4eTe held r%y Alton
displayed much strength in the early dealings
Money is quiet and time money is still per
cent for six months.
IA. r. Thompson & Col
NEW YORK. March S-There is reason to be-
lieve in the developments of to-day that the pow
ers that be are preparing for a good market in
the near future. Speciality manipulation Will
be continued. With the Northern Securities case
out OF the way, more definite Information at
hand on the war. better earnings coincident with
the spring. etc. we expect to the large in
terests take hold of the market and establish a
bull campaign during the summer. We advise
you not to neglect the opportunities now offered.
as the continued strength in the stock market,
which was subjected TO further short GOVERNS
perceptibly Transactions in stocks to-day were
TOT aHected oy the outso Oh solo 10 oouth Amer
lea nor the announcement that several millions
would leave the country in the Panama payment
We can spare this gold. This is proved by the
announcements having practically no influence
in the money markets We believe money will
continue cheap for some time to There
mands incidental with this period come to hand
We are the worlds creditor and there need be nc
fears entertained on the monetary situation. The
large interests have secured all the money neces-
sary for market operations at low rates. We
desire to direct especial attention to-day to the
prospect of advance in the Corn Products
stock. which is said to be earning more than the
dividend. We believe IL will go higher. We
also of opinion that American Locomotive
which has been bought by investment houses
will do better. We still bullish Brooklyn
| Rapid Transit, Consolidated Gas and the Altons
| Do not neglect TO have a line in the two indus
| trials-Amalgamated Copper and United State.
| Steel preferred-both of which believe will b,
| affected favoraby soon by the improving condi
| tons noted in the trades concerned.
IPorterfield & Col
NEW YORK, March 3.-Dull but very strong Il
! about the best expression to in reference 4
| to-day's action of the stock market AS we hav
stated the past few days, the dead ones ar
| gradually coming to life. Alton common dit
! to-day TO the tune of a few dollars advance
| Sugar also awoke and made its periodical stun
| for a nice gain its previous close While tn
/ rest OF the list very steady and in mos
| cases reflects the good buying, that has bee
| gradually accommodating a line of stocks in tn
late dull period There is really nothing specia
week. but looking the entire list over we still
adhere TO the theory that little can be made b.
selling the market. and the other hand It's
good chance to buy anything all slight re
| cessions for patient holder