The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1906-11-30
Stocks Grain and Provisions.
HEARD ON THE BoURsE

HEARD ON THE BoURsE
We" YORK Nov. So.-Holiday market
OF the regular order. Money VS. 80
AIsh' out II probably win be today
win any other kind of a market -
inns time Of the year. traders would
nave put up Union Pacific $40 per shara
on the most wonderful annual stata-
N1eht that has ever been issued nv a
LalIroad company. 1t was AN maj
ii@i imam said it was and more too.
Ai'u the verdict is he was justified in
Pay ing ~ per cent dividends
one authority says the market pure
professional No particular action
IN the market Think money will go
above 10 per cent on call and loot.
for somewhat lower market
The holidays, ~ per cent money
the early opening of congress. and the
presidents message. which is not so
dras tic this time except on the income
and inheritance tax. all have 81 re-
straining effect, The paying out Of
stO.00O0o0 dividends Monday VIII
loosen up money by the middle of next
week.
| The Union Pacific report shows s34.-
| 100000 loaned out. This is only ex-
ceeded by a half dozen banks in the
country This railroad company is
really a big bank, as wen as a rail-
road This tremendous loan of its
cash is big surprise to the street. No
Idea was entertained OF such figures.
1t certainly looks as il zoo is at least
! "A IN len 70
the near future.
American stocks in London are very
strong and the settlement proceedings
satisfactorily. Not much demand for
stock in the loan crowd. Looks as il
market pretty well evened up.
Estimated that copper will show earn
ings of $So,o0o,Oo0 net for the coming
year.
London expects to loose $1O.OOO.OOo
next week to Brazil.
Virginia Chemical is being doomed
on the consolidation with Cotton oil,
but these obscure stocks are hard to
put up. The public viii not take to
them.
= Denver was put up by London buy
ing. The earnings and position Of this
road entities it to a great deal higher
prices. and as soon as the money mar
ket gets in better shape you will see
this stock start.
Steel had a record month in October.
the biggest in the history Of the COM
pany and November viii beat that
The net earnings for this quarter will
, exceed the last and If it were possible
; to manufacture the stuff the company
could sell rs per cen. more than it is
now doing. The demand is so urgent
that they are even offering to pay
premiums for spot steel
Brooklyn is trying to go higher, but
1t can only do so on the shorts. There
Is again some talk about paying a divi-
, dend, but after a ride over the road
everybody will agree that some Of the
earnings. If they ever have any, can be
spent on the rotten road bed for a few
new rails.
London was big buyer of stocks
all day especially St. Paul and Union
Pacific. They seem to recognize a good
report over there.
Illinois Central is being quietly taken
by either Fish or Hartman. Nobody
can say which. but the stock is disap-
pearing from the street.
The bond market is absolutely no
good and this is a bad thing for bull
market In stocks. This year il is laid
to the craze in real estate and to the
mining stock speculation.
Republic Iron and Steel has sold all
> of its production for the first half of
t 1907 and Is now working contracts for
the second half of the year.
Railway Steel Springs 1t is reported,
will raise the dividend on the common
stock from 4 to per cent. at its next
meeting The report is also current
that this company will soon be abb
> sorbed by the American Locomotive
! company. but the per cent. will be
paid first, so it will 80 into the deal
at higher price.
Boston and Montana Copper company
4 will soon show earnings of s14,500, 900
per year. It only costs this company
r 40 cent per pound to produce and sell
its copper.
> Bank of England bought over $1,000
900 gold in the open market.
Copper metal has been sold by the
= metal selling company up TO March az
% cents, practically all of it's receipts,
while some nearby deliveries are VI
! to 22h cents per pound. Nobody whs