The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-09-25


ness Thursday; rising temperature.
Illinois and Indiana-Fair tonight
and Thursday; frost tonight north and
central, rising temperature Thursday.
Dakotas, Nebraska and hansas-F2ir
tonight, probably becoming unsettled
Thursday; rising temperature
Wormser bought 10000 A c. P.
Leading copper producers do not ex-
pect to see prices below Is cents.
Lighter demand for stocks in loan
crowd in spite Of easy money rates.
Would buy the market, especially
Union Pacific. Northern Pacific and
Reading.
In time all these distributing factors
will be adjusted and business will get
on better footing.
Thirty-seven roads for second week
in September show average gross in
crease S.21 per cent
Mondays rainfall on eastern coast
from to 3 inches over large area.
Heaviest in present year.
St Paul earned about per cent for
the year according to its report with
small allowance for maintenance.
Mcdonald bid up Union Pacific.
Strength in Copper attributed to sale of
SO, 00O, 600 pounds of copper metal
Dick Brothers.-In view of the prob
ability of continued irregularity stocks
should be bought only on weak spots.
j. s. Bache-Ffrst class stocks are
very cheap and attractive from an
investment point around present levels.
We think this is an excellent oppor-
tunity for investors to buy stocks es-
peclally the good dividend paying rail-
roads.
The closing hour showed the strong
est prices and the opinion in conserva-
tive quarters is that values should do
better.
Simmons & S. say: I'VE hear from
a good source that the rumored sale
CT $4,000 900 pounds of copper metal
is true"
U. p. is a purchase around 131 for
another rally, but l would prefer to
take on some Southern Pacific, it's
about due for a good advance.-Ridge-
ly.
Now that Copper issues are down to
a very low figure, the rumor is that
the next dividend on Amalgamated
will be at the rate of four per cent or
less.
We look for a dull market today
dominated by professionalism On any
rally of Is points or SO, Cotton is a
sale Wheat may be bought now for
turn.-Topics.
There is not enough activity or
change in prices to indicate anything
further than we have stated all along,
that we were in a trading market with
ultimate trend upward
Prices materially lower than last
nights close at the opening, consider
able activity developed at the lower
figures and the market soon showed
strength and support which brought
about a good rally of 1 to 2 per cent
throughout the list.
Traffic on n. Y c. lines gives no in
dication of lessening. Heavy move
ment Of loaded cars which the system
has experienced for months past has
continued without any abatement into
September. In August all the lines
moved practically $1,000 more loaded
cars than in August, 1906.
Western houses were not among the
bears in the early trading. They point
out that every day of fine weather now
is worth millions of dollars to the
country, and already claim that rs per
cent OF the corn crop is safe beyond
accident.
Logan & Bryan.-The monetary sit
uation is stin regarded as the barom-
eter and the easier condit lions now pre-.
vailing lead to the belief that the fall
stringency will not be as great as
predicted. We are inclined to favor
the purchase of Standard rails on re-
cessions.
The principal news in the market to-
day was the action of Judge Lands in
discharging the grand jury and dis
missing the case against the Chicago
& Alton, and later in the afternoon the
appointment of receivers by Judge La
combe for the N Y. City railways.
Both of these actions were expected
and no surprise to the street.
Miller & Co.-The coming reaction in
business as forecasted by the late de-
cline in Wall street should reduce some
of the enormous expansion in loans
as shown BY the national banks the
country over Pending the advent Of
this reaction there is a disposition nat
urally TO be hopeful especially so in
view of the apparently low prices.
Receiver appointed-N. Y-Judge La