The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-10-11
HEARD ON THE BOURSE.

Joseph:-Harriman shares are dirt
cheap. Penna will sell above 40 ex.
div. Good buying of Brit will be re-
sumed. Average cotton oil.
Brown :-Professionals are still bear
tsh but the prospect of a good bank
statement and further ease in money
the next few days should operate for
some Improvement in prices today.
Town Topic's:-whne the rally may
run a little further we look for no
important general advance. but expect
further liquidation among many of
the investment stocks.
Can. Pac. earnings first week October
increased $4,000. Bank of France
withdraws offer of interest In transit
for gold reducing possibility's of gold
exports.
Strong demand for stocks in the loan
crowd.
Dick:-We think the support that
appeared yesterday and the flrmness
which 1t brought about should be con-
sidered encouraging. 1t would seem to
indicate that some buying power is
developing and this may induce a gen
eral short movement in the near flu
ture.
! Mnler.-We see no inducement to
buy. in fact we believe we will have
lower prices regardless of rallies day
to day.
/ McIntyre:-This is a situation which
| in itself to say nothing of the other
numerous bearish considerations which
precludes the extension of maturing
loans or the development of any bullish
activity to the general market.
| Bartlett: Liquidation yesterday
showed one thing plainly that the
banks and the lenders of money on
collateral loans believe they are in a
strong enough position to call these
loans and then find a market to sell
them on.
The Traction inquiry has had more
effect on the market than I thought
possible The most of the list is sell
ing at receivership prices. but the pub
lie does not want anything at any
price. 1t feels that recent disclosures
bring to light but a very small fraction
Of the rottenness which exists all along
the line The settlement also pre-
walls, with what truth I am unable to
say. that by destroying graft. prosper
ity VIII likewise be destroyed,
Don't get bearish at these levels
RidgeIy.
The European bourses show no signs
CT Improvement and while money mat
tiers abroad are on the mend. 1t vii
take some time before any improve
ment can be noticeable.
1t is difficult to Judge the market
and while it seems that prices are be
Ing depressed by the bear element, lit
la. V,1
covering at the moment is about tn,
only source which viii bring about {
r rally.
Joseph E. French. president of tn,
Railway Steel Spring company, says
concerning the business of railway
equipment companies:
practically no new business is com
ing in for cars. but the demand 70,
, locomotives continues as active as eve
and the railroads cannot receive then
too quickly. Our own business keep
up remarkably We'll Since the frs
: of this month our orders have been a
good as for any month this year How
ever. there has been a slackening il
certatn departments sufficient to ALLOW
US TO stop running on the double turn
that Is night and day, but as we hav
II been
welcome this opportunity TO attend t
machinery and effect necessary repairs
We have not laid of one man and "
have business enough on hand to kee
US busy during the remainder of tn
year.
a great deal is being said OF a brea
in the metal markets, but so far as "
are concerned we are not able to bu
steel cent cheaper. 1t is our ex
perience that the railroads are cryin
out for early deliveries As to wha
0 will happen when orders now booke
D are overtaken. I do not of course fore
I see. but in my opinion the stock MAJ
. ket spectators have gone too far
Q depressing the prices OF certain stocks.
Tho annual report OF the Gres
!. Northern Railway for the year ende
Y June 80 shows total income OF s12
) e62.S4S. against s14,4S4.a65 last yea