The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-24
SAWS. AND MILL SUPPLIES.

and showed considerable activity. The
strength in Brooklyn is attributed to the
better showing in earnings. The bull tip
on Copper has coupled with 1t the ancient
rumor of a settlement Of the Heinze
trouble. Steel preferred acted well through
out the day and showed considerable
strength II was the most ,r active Stock on
vania was steady, but the trading In that
quarter was not heavy.
re- F. Braulik & Col
NEW YORK. May 2S.-Stocks started off
with considerable vim this morning. AL
though the animation was subsequently
followed by periods of dizziness. The volume
of trading has been considerably In excess
of the same day last week. The bank state
ment the principal incentive. espe-
cially the feature which included the heavy
decline in loans. The news of the day re-
fected an Improvement in the agricultural
position and also a better prospect for the
Industrial position likely TO follow the
improved weather conditions. Speculation
was largely confined TO the professionals.
but some of the pools helped boost their
favorites along. There was better buying
than for some time past In the late trad
ing profit taking caused some reaction. but
throughout. The strongest features are
Atkinson. New York Central, St Paul
Missouri Pacific. Rock Island aud Baltimore
& Ohio. In the industrials United states
Steel preferred appeared 10 be steadily ac-
cumulated and rose nearly a point over
last weeks prices.
IA. r. Thompson & Col
NEW YORK. May 23.-Short covering and
very aggressive work on the part Of bull
pools were responsible for the advance in
prices Several commission houses sent out
advices to their customers 10 cover shorts.
which gave ar appearance OF a better class
of buying than has been seen for some
time but as a matter of fact the market
should be chara cterized as purely pro-
fessional one or i'm some respects. the
term serni-professiOnal might be appropri-
ately applied The short interest has UNI
doubtedlv been considerably reduced. which.
having been the principal source OF the re-
cent support. leaves the market In pro-
portiouately weaker condition. and we be-
iieve that when there are no more shorts
disDosed TO cover tie market will find feeble
support as there certainly Is no improve
ment in fundamental conditions IL stocks
have really been accumulated, II VIII be In
teresting TO see what disposition Is made OF
them later on.
IA w. Thomson & Col
NEW YORK. May 23.-Market started up
with considerable animation this morn
ing and as a whole prices have shown
great deal Of strength all day. The main
argument in favor OF higher prices is the
sold-out condition OF the market and the
falling off I'm the volume OF gold outflow
Trade reports, on the other hand. IL must
be admitted. are distinctly bad. but seem
TO produce but little effect After some
initial activity the market became rather
dull and the dizziness became more accen-
tuated in the last hour. but except from
some trifing reactions at the close. due TO
| profit taking by the traders. the tone con-
/ tinued strong throughout and practically
| the entire list recorded advances on the
| DAYS dealings. London was closed and that
| center was no factor in the dealings. Money
market showed a somewhat softer tone-