The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-01-18
Stocks Grain and Provisions.


11S 20 Lake county Times
NJ Mabinf.nessota--Fair. and warmer to-
lowa-Cloudy and warmer tonight; |
saturday rain or snow
an, I4lsssouri-Rain and warmer tonight /
North and South Dakota-Fair and /
~ rlner tonight: Saturday fair except /
ii Nv ~ IN, IN west portion
rain Nne0oTrassRHaaw 7 tonight Saturday
60 Kansas anssas-Rain or snow tonight and /
SATURDAY somewhat warmer
Montana--Falr in east snow in west I
poruon tonight; Saturday snow.
HEARD ON THE BOURsE
New York. Jan. IS.-Copper was well /
manipulated all day to keep the mar
ket from breaking and it aid it in fne
shape. The dividend was not increased.
but the stock did not go down to any
extent Some of the storts early in
the day did not find many stocks for
sale and bid the market up on them
selves.
Steel did nothing to amount to any
thing. Although the demand for iron
is better than it has been for two
weeks they are selling plates for 1905
already for July delivery and the prices
are UP to the present level.
Bank of England reduced its rate
from per cent to per cent and Lon
don was in the market for stocks. The
banks in New York have gained over
S11 ,0O0,O in a week from the coun-
try and from the treasury. Money on
call was low as 21a per cent today.
Time money was about the same as
! Wednesday.
The Rock Island company holds its
meeting soon and as the Aoores are
9ery bearish on the market it is ex-
pected the dividend will not be paid
on the preferred stock at this time. al
though the statement will show it more
than earned.
The Hill stocks don't seem to go
down to any extent any more al
though all Hills friends have been hurt
| in the market he says the stocks are
on the bottom. There is none left to
sell; he is all liquidated and they are
making more money than they did this
time last year, and he thinks now is
/ the time to go long on them.
| Morgan is practically doing nothing
to support his stocks, but says they
are all right to buy, especially Louis
Vile and Atlantic Coast, he says moth
Ing about Southern railway but says
| Steel common will be a four time win
ner.
| Union Pacific is still some kind of a
| laggard, but its friends say it is we'll
bought and no mistake can be made in
taking this stock on very drop. The
buying of it on a scale is suggested as
the best way to get a good line of it
cheap. 1t is better than per cent now.
Southern Pacific is one of the strong
est on the list. the pool in it was not
hurt a little bit and was able to get in
some pretty low priced stock. The
stock only dropped two points from the
high and even now it is at the close
only u below the high mark.
The market looks like very good
traders market. Every time it is weak
there is absolutely no help for it. Their
up she goes two or three points, and
then as soon as you are sure they viii
touch the ceiling the bottom seems tt
fall for not more than two or three
points.
Even the bears now say we expec
rally of two or three points any how
but we really believe this market cal
not go up. The big fellows are hooke,
up with more stocks than they wan
and will feed them out on every chanc
they can find.
Ridgely says: It am still bullist
and the action of the Bank of Eng
J land in reducing it's interest rate
shows me that money is in better shap
in Europe; and 1 think at these price
St. Paul. Southern and Union Pacif
are very good to buy for a quick ad
vance. New York Central and South
ern railway are also buy.
The railroad equipment stock ough
! to be good buy on anything like thi
level Railway Springs. Locomotive, Ca
Foundry Pressed Car-these stocks ar
t earning big money and have not gon
I up to amount to much. and are in 70
! a good advance.
The public is still holding off and will
/ not buy stocks and the market IS thu
} left to the traders and the professional
Intent Is bullish one minute and tn
next bearish and they can play wit
prices as they like. but the market look
pretty well sold out and think the mar
. ket good for quite a rally.
0 Mcintyre is still bearish and doesn'
9 pect the rally TO go any further an
\ says stocks ought to be sold right here