The Lake County times., 1907-03-02
Stocks Grain and Provisions.
HEARD ON THE ROURsE

HEARD ON THE BoURsE
New York, March 2.-Tbera was CON
9-ueraole profit taking in Reading and
Cilon Pacific and o4ber s+oclrs h,,t
- siIofts are apparently not drawn in
sa ana the selling has not masa rnpeb
firm. oA market fairly
vel =, - issues We're exceptionally
~ the early part OF the 5a,- ~
a1e 5000 support at the lower lev
o,..'..s, s+'40 Il looks as if there was -,
ou'hu'atlon for inside account
,,at,I1' 80 Iuleo higher, but this is only
iia lufai' taking into eonsiderat,1,, '1s -. |
II Is the hrst Of the moptb ana ~
VISIONS always have to be ~.
dividend and interest dishprsa1s.,.,l
we are OF the opinion thar ~. 80,
'iauers market for some tine -
'i.e' Win fluctuations of from ono
- tWo points either way but would
rt'si ouy now on the declines and
tame pFohts on quick rallies.
Boston-Buy st. Panl o,,o,,
let the coming Sabbath sun 90 6or,I
without some st. Paul in vour ho,, -
should shoot up 165 by "Wednesday
Thomas w Lawson.
The advance in prices which was J.,
augurated yesterday is likely to con
tlhue today and through the week. ac-
tive covering largely upon special is
sues lead by Union Pacific. Short COW
erlng is the chief factor and as soon
as this floating interest is cleaned nm
the market will halt
The absence Of public support con-
tlnues with practically nothing doing
In bond division. Railway statements
show good gross returns with tendency
towards decreases in net earning.
The belief that the dividend rate Is
to be increased to per cent is prob-
ably responsible for most of the h,,v-
ing in Atchison for thel asst week. II is
believed that President Ripley is COM
mitted to the policy of an increased
rate. One of it's possible objects would
be to help the sale of new stock or
bonds authorized but not yet issued.
The Southern Pacific company an
nual stockholders meeting will be held
April 3, books to close March Is and
reopen April 4.
Alton for January had a gross gain
OF $4,000 or 8 per cent and a net Of
S66,000. or "a per cent. In seven
months the net gain is s519.OO0 or 25
per cent. The showing under the
Rock Island management is excellent
and the regret of shareholders viii be
the return to the other interests with
the coming fiscal year.
The Copper Range company today
sold' 100000 pounds of copper for Ap-
r1l' May and June delivery at 25 cents
per pound The Victoria Mining COM
pany has sold $4,000 pounds of copper
at 25 3-4 cents per pound.
The c. & H. Mining company has re-
entered the market as a seller of cop
per. The price asked is &c IL cents |
for nearby deliveries and % cents for |
distant delivery. Sales have been
made at both quotations.
c. G. Gates says: tom Lawson is
going to bull st. Paul We hear he
is coming out with special message
on it to Wall street"
Steel should all be bought on moder- |
ate recessions. There is nothing the |
matter with the business of the coun- |
try and investigation will eventually |
be recognized as OF bullish import to |
stock holding interests
A great many stocks were for sale
at the opening which looked like fore
ed liquidation some play to cover
shorts.
sentiment In general continues bear
lsh but there seems to be very fair sup
port whenever stocks are offered down
an dthe buying of Reading, Coppers
and Union Pacific seemed to be very
much in evidence.
At the lowest prices, St Paul was tip
ped off today tob uy and make good
for the day.
]. p Morgan & Company have pur-
chased and are now offering $4,000, 900
Atlantic Coast Line year per cent
1otes and s5,000,000 Louisville & Nash
vile Railroad company three year
per cent notes. The total issue of the
Louisville d Nashville was s6,500 600
of which $l.500,O00 has already been
placed privately.
We are still very bearish on the
stock market, think prospects more in
'avor for a rally of a couple of points.
however. between now and Monday,
therefore,. if we had stocks to sell
either for long or short account, we