The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-12-19
HEARD ON THE BOURSE.

Financial Bureau: Information con-
tinues favorable to buying of Readinf,
tinues favorable to buying of Reading
there is very little Reading for sale
below 81. Northern Pacific could with
proper handling rise above 100 as Of
ferings are limited. The trend in
Union more strongly upward and on
soft spots it ought to be bought for
turn. No stock OF consequence be-
ing found on Investigation at this
time this side of 100. Southern Pa
cific is bought for investment and
shows a better tone with the support
of 10 to II maintained.
We continue to find covering in
Shelter and St Paul. Copper may con-
tinue reactionary but some signs of
cessation of pressure appears A tip
is noted that B. r. T. will be put up
again soon. A drive at New York Cen
trail shorts may occur at any time
and the Pennsylvania dividend action
should cause short covering today. We
still report Great Northern with ia
vor, the Steels continue in a trading
position. Professionals and room trad
ers will probably be found lighting ad-
vances.
Price Current weekly summary: The
position Of winter wheat has made so
little change in the past week that
there appears to be little that may be
offered in comment. Some snow has
fallen, which is an element of favor
able nature and while the crop as a
whole is not quite equal in condition
to last year or to an average of years
the situation at this time appears to be
maintained in the most area in central
regions. There have been few scat
tered reports of insects working in the
fields, but this is confined to a few
localities and is not now regarded as
worthy of note as affecting the situa-
/ tion generally. The information in late
returns concerning corn reflects the
same condition previously noted. There
continues to be disappointment in quail
! ity and much of the crop is still too
moist to handle. The grain is to a
large extent slow in drying out and
the quantity of new corn fit for mar
keting, while increasing with the sea-
son. Is smaller than usual at this time
of the year. There has been a liberal
marketing of hogs the past week with
the record for such period indicating
some gain over the corresponding eX-
hibit last year. Packing $4,000 vs..
$50 900 and $4,000 last year.
Lake Shore and Michigan Southern
three months to Sept 80 gross S12,-
O2312S; increase, SS45.446; net, S2,723,-
514. increase. s47S,3S3; surplus after
charges. $1.52S.5 14. increase $47S.SS3.
New York, Ontario & Western Octo-
Der gross, S69S,976. increase, $5,21S; net
s197.059. decrease s12,554; surplus af-
ter charges, decrease s23.552. For four
months gross s3.11S.742, increase, $50
942; net s1.150,076, increase, $15,677i
surplus after charges. $SS5,124, de-
crease. s2,920.
Missouri Pacific second week Deem
Der $4,000, decrease, 100000; from
July /, $22.ss7,sO increase, sS$s,O15.
Steinberger. Sim & Co.: 1t will be
, necessary just as long as the money
market is not all right to go slow, but
there is just as much danger to sell
short as there is to load up on the
long side.
Darrell. Chicago: We feel more con
hdent than ever that for a long pull
wheat viii sell below the dollar mark
Ware & Leland: We think the situa
ton strong enough TO warrant puyLHs
should further dips come, while W.
) look for the present broad market t.
continue.
.. Pringle; After a I cent advance il
, May this reaction is but natural an'
on any further weakness we think
should be bought.
Short covering has been SO extensiv
as to leave the market again open t
j successful bear attack and we believe
that, operations may now be conducts
: on the short side of the active stock
. generally. especially the coppers, stee
and smelter.