The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-01-19

me evidence is that the big people
are fighting among themselves and the
best advice can get is TO keep out of
either side of the market until affairs
quiet down again, and pay no attention
to any kind OF tips either bull or bear.
Copper made a great effort to keep
steady and not lead the break, but as
everybody is long of 1t and the dividend |
was not raised. everybody dropped out /
and the market closed heavy and de-
moraIized and with no buying power |
The buying in the last half hour, al |
though the market went off on it, was
of the best on a scale down. Kuhn,
Loeb & Co. were the best buyers of I'm
ion Pacific from III to the close and
it closed practically at the bottom.
st. Paul was sold in the day by the
Hartman crowd and was not bought
back until the close and the buying
then was by &c Broadway and Flower
& Co, for Hartman. 1t looked like
big bear raid, well organized to catch
stop orders, and they got them Mis-
souri,, Kansas & Texas shows big in
crease in earnings, almost Z per cent.
earned on the common stock.
Denver was another road that came
in with an increase in earning about
one million net increase in seven
months.
Stop orders came out in Steel on
long stock most all day and no sup
port after it left Al.
| Marshall says: mo news on the de-
cline although 1t looks as if something
was up and hanging over the market.
General business looks bright and
Wall street is the only blue spot. I
really look for better prices later on,
but would not buy stocks, wait until
the situation clears up even If prices
| are higher
Union Pacific was bought on the de-
cline by Wormser and by Kuhn. Loeb
& Co in large lots; traders sold them.
Steel was sold by Flower g. Co, Con-
tent and Barney above AZ and bought
back below that figure by same people
Townsend says: The fight is one
between the big fellows and the little
fellows. One not in it had better keep
out"
Sim says: "Some big spectators
are caught too heavily loaded with
stocks and had to let go. The buying
is better than the selling, as most of
that was stop orders and shorts. ]
am in favor of buying stocks at these
prices
No special news developed during the
day and there was nothing to account
for the break except stop orders, mon.
ey was cheap. This selling will stor
sometimes. but it goes to show the out.
siders had more on the long side thar
. we expected, but I think they ar,
scraping the bottom.
Steels and Copper were very weak
; the former on the rumor that SEEM
to be we'll founded that the dividend
will not be increased at this time; TIL
t latter on the disappointment that tn
4 dividend was not increased, but botl
5 of these actions are conservative an,
0 proper.
steinberger says, "A rally is du
nat
better do it on the long side and the,
can make money now by buying
o stocks
There seems to be a great deal o
gossip in regard to a house with Phila
delphia connection that is in troubl
: and that they appealed to Frick Il
:; help them out. and that 1t was thi
0 Central. Reading and Steel in big lot
today.
Money, loaned at 81 to 5A on three
5 four and six months today. Call mon
o ey to carry till Monday was 8 X to ~
% per cent. all day.
Twenty Of the standard rail stock
2 have declined So per share in thirt
" days and most OF it has been insid
selling. Some people say Morgan an
Hill are trying to get even with Harri
J. man for his St. Paul coup. The mar
ket, however, looks as If it was over
L sold for the moment
Southern Pacific pool was brave fo
+. long time today and so was tn
Atchison pool, but the offerings we1
D. so large they had to withdraw fro
=. the market. but as far as can be fouu
= the pools are intact
a.
W Spader says: Il would not go sho
er of the market, but you can bet / won
not buy 1t, wait and when things a,
more settled than you can do son
h, good. but not now"
Il;
r
Cook says: Now is the time to bt
@ and don't hesitate. I am very friend
TO Southern Pacific. Atchison, ste,
d. Union Pacific Pennsvlvanfa and Pea
'e Ing in the order named"