The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1906-09-27
HEARD on THE BouRsE.


close and the acute situation in Cuba
together with the nomination Of
Hearst makes the market look sick.
but il is all in the looks The big
eeople are not selling stocks. the un'1h
sulls and the bears putting out short
res for a time is all. Friek is still
ruvirg Southern Pacihc and II does
il 20 down any. Union Pacific viii
eu nearer geo by the middle Of DC
tober than il has yet Standard o.
: stin bulIish on the market their
mank the National City engaged 81
DO Geo IN golt for import today Nor
AN is not doing much in tins market
is house Supports Steel when weak
abroad earnings show az better
lily 1t looks ike the old game OF
iting the bears again
For The first time in months the
Moore crowd bought stocks tocay
hey have been out of the market en-
rely. / am told they advised theit
rtends 10 buy Baltimore Ohio
southern Pacific Union Pacific. Penn
4vlvania. st Paul and Steels, that they
.xpect Mr.. Shaw TO make an announce
rent before the end of the week that
win put the market up considerably
md that the acute money pinch VIII
be behind us. that all they have been
waiting for is a clear field on money
hat the enormous railroad earnings,
the big business prosperity ef the
,ountrv is hound to put the stock mar
l1et away up.
For nine months the New York Cen
raj earned 5A per cent on its capital
to"k, leaving three months TO hear
rom The despiscd Rock Island In the
asst twelve months after allowing 4
Der cent on preferred stock shows ?
Der cent earned on the common stock.
Colorado Southern shows an increase
IF 2315 per cent in gross earnings and
IS per cent increase In net for the
ear.
one of the leading Chicago bankers
avs he got it straight from Mr.. Shaw
hat he has a plan to help the money
market He thought it likely that 1T
would be in the conversion of the 4
per cent bonds that are due next jan
nary.
Paris. for the first time in its his
iory, has listed American railroads.
This is the entering wedge TO the
largest amount of gold ever gotten TO
gether The Pennsylvania company
lad q hard time to make its loan but
by this time next year, Paris will be
glad to loan money to either Harri-
nan or the Rock Island pool, and they
can use it all.
The Erie road is after the Glover
Leaf if it can get it at the right price
Jim Hill is after Missouri, Kansas &
Texas on the same terms. All the
big roads are trying to get hold OF
the little ones.
Snh-treasury lost to the banks Sc
far this week $S,3T0,000. Time loans
a little easier, per cent for so and
80 days over d million bushels OF
wheat vas shipped for export from
| Atlantic seaboard. Minneapolis mill
ars still buying Kansas wheat on ac-
count Of northwest shortage Of mill
| 'ng wheat. Less wheat has beer
| threshed in Minnesota than for twenty
! years.
! Swift stock sold 119A in Boston. II
| 1902 is sold at IT'S, and paid pei
cent, now it pays Z per cent. If W.
| really have a war in Cuba, which
looks likely just now, the packers viii
lead in a boom as the army will have
to be fed and Chicago will DO the feed
ing
| Mr.. Shaw is now touring the Yves
to see if the people really need AM
more money to do business with. H.
will be in Chicago on Monday mex
and will have a meeting with some o
the leading bankers. If he finds an
real need for government deposits W.
will get them Mr.. Shaw is a banKe
himself and knows what the countr!
needs.
one of our leading bankers says w
cali still borrow all the money w
| want abroad; have to pay a little high
er interest rate. The foreign banke
mas got to a point where he likes t.
| loan on American stocks as collateral
| London was a heavy buyer of stocks
Money is the whole thing still; VIII
| Shaw help out before Oct. 1st? Tn
political situation in New York is pure
| ly local 1t really makes no differ
| ence in the stock market or in rail
| road earnings who is governor of New
| York The Cuban matter is grea
ieal more important. 1t will take te
years and $4,000 men to pacify tn
island, and not less than 100000
per year to do it.