The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1906-11-28

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-" ana short OF the market ana
then they started In to cover "a -
long at loss. Even the Union Pacific
statement that looked bad ar arst
sight as 1t only shows 14H per cen,
earned and they pay 10 per cent aid
not help the shorts. Even the denial
| IN regard to St. Paul and KATY made
the market so higher
one Intelligent party who was short
OF the market before the electto, -
who was sure Hearst would be elac.as
and that money would be 100 ner car1
before the last of November. sent tbta
TO his friends: Just had a talk Win
Mr.. Archhold. He says Standard OH
is bearish on this market Coppers are
very heavy. Sell the whole market for
10 TO 20 points"
i Union Pacific annual statement kent
everybody busy trying 10 figure out
just what 1t meant. The earnings of
Southern Pacific were not put In as the
statement was up 10 June 80 only, and
the Southern Pacific did not declare a
dividend until September. This alone
would amount TO ~ per cent. per an
mum on the whole common capital stock
OF Union Pacific for the year.
Union Pacihc's annual report shows
SIS miles without any issue Of honda
S55,000.000 actual cash on hand and
/; Sl66,000,oo0 OF employed securities.
This with their holdings of Southern
Pacific and of Great Northern. at their
market value, shows $500. 900. 900 of
quick assets on hand outside of the
value of the railroad. and the stock
fa n~fh
The general gossip was that the
} buying of stocks on the breaks was
very good and the bear CLIQUE were
) quick to cover contracts which brought
quite rally.
| Missouri, Kansas & Texas was
l bought by London and made new
high record. Hill and the Burlington
I; people both deny they want the road or
5 the stock so. of course, IT must be Har-
riman who needs 1t to prevent Hill
: from getting 1t. Any how some one
! wants it badly.
r Kansas City Southern nearly doubled
!; its mile tonnage last year and the net
;. receipts Of the road has kept up in the
= same ratio
, The decline in Great Northern was
arrested by some very good buying
and Mr.. Hill tells his friends that In
side ninety days he will increase the
stock and give them rights with SIS
points on each 100 shares. and that he
has only commenced his distribution.
Northern Pacific is still good for $50.
1t did not sell off much on the slump
in Great Northern and has now regain
ed all of It's loss. The Hill people did
not sell any of this stock.
= What the president VIII have to say
7. In his message to congress on the cur
= rency question. Is what Wall street
!; wants to know. VIII he insist on a
reform In the banking laws; will he
give us some form of asset currency?
!. If he does, and 1t does not take too
long for 1t to go into operation. we
i will have a big bull market
= A market gossip says: Il know
that the Hill interests have been pick
= ing up Missouri Kansas & Texas stock
!; for the past six months. large line
). was bought about six months ago when
I, Hartman gave his first intimation that
he was to control the destinies of the
}; Illinois Centrala nd depose Mr.. Fish
!. The Missouri, Kansas & Texas and the
Burlington roads are natural allies con-
: Meeting at Kansas City, and the Hill
ownership Of Missouri, Kansas & Tex
. as is apparently desired as an offset
= to the Observation-Disclosures Alliance The
Missouri, Kansas & Texas system has
II been placed in a very strong condi-
: ton and its earnings today are at the
rate Of per cent. on the preferred
= stock and 3 per cent on the common"
The buying OF st. Paul was excep-
!, tionally good and it ought to be bought
right along. 1t seems impossible TO
/, shake out the big plunger. and he viii
have to be taken care of and reckoned
y with later.
II Copper is being tipped for an adj
vance. For some reason the stock has
"a been heavy every since 1T increased It's
dividends TO 8 per cent. but its friends
say right after congress gets TO work
it will sell up to $780,
Sugar is another stock that has more
chances to go up than to go down,
especially at this time of the year.
Denver had a nice advance. 1t has
been dead for months. but 1t will sure
ly sell above 60. Its earnings are in
creasing fast Gould has not let any
of his stocks advance, but their time
is coming.
Carnegie steel company blast furn-
II aces break all records in output Of
4 steel.