The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-01-03

if 26 Broadway would only keep it's
fingers out of the pot. They sold just
enough of the stock to put damper on
it and then took all that was offered.
London was an important factor on
the bull side The cables We're all up
and gave US a strong opening. They
bought over $4,000 shares in the first
hour, their favorite being Steel COM
mon.
London says money is showing a dis
tinct tendency to greater ease, bankers
are now buying per cent short bills |
freely and 1t looks as If the bank rate
may be reduced and If so we will have
gold imports.
PENNSYLVANIA has elected McCrea for |
its president. 1t looks as If the stock
will go up five points at least as
compliment to the new man, and as
per cent stock it is selling ten points
too low even in this kind OF a market
The Hill crowd has now covered all
of their short lines in both the two
stocks they have been operating in and
it is almost time for one to go long Of
either of them. They will be ex-rights
soon and they will look very cheap.
]. ]. Mitchell of the Illinois Trust
bank says he looks for money to be In
stiff demand all year and hardly
thinks it will be much cheaper than
to per cent, but even at that rate,
he thinks the stock market will not
sell off, but probably up.
Money was as high as 20 per cent
and as low as 3 per cents. Last year
this time 1t was opened at so per cent
and did not get below 10 per cent
Commission houses are making the In
terest to their customers for December
higher than ever before.
Even the great bear, Tom Lawson,
is now on the bull side OF both the
conner stock and the metal and he
now thinks % cents per pound not too
high for the metal and was able to
put up his Trinity 81 per share today
on it.
Marshall says to buy stocks on any
break. especially Reading, Pennsylva-
MIA and Baltimore & Ohio. He has
DG6n
pecially on this group of stocks His
Reading information is worth paying
heed to.
Union and Southern Pacific are held
down on account of the Government
investigation and it does not look as If
either of them will do much until that
| is finished l cannot help believing
/
kind of a reaction.
There is no doubt but receipts of
currency from the interior will be very
large in the next two months and the
immense dividends this week will put
more money in circulation almost at
once. Conditions are very good now
for a good bull market
| The constant agitation in regard to
railroad investigation is having a bad
effect on values, and while the Wash
ington people keep Jumping on every
railroad in the country, 1t is hard to
unsettle confidence, no matter how well
they conduct their business.
Rock Island was in hard luck with
its collision yesterday, killing some
80 or 40 people. Some genius in Ok
lahoma telegraphed to Washington for
a receiver for the Rock Island because
they could not give him cars enough
and the stock fell off a dollar a share
The old whiskey crowd is again at II
they are putting UP distillers and claim
they will have it at par by the end OF
the month The stock is now earning
good money and the alcoho. bill will
be a great thing for it. Some Of the
friends claim they will earn 20 per cent
on that alone.
The recent fluctuations in Reading
appear to have eliminated and II -
generally believed that a big specuia-
tive pool has been Iiquidated. 1t looks
as if the buyers were a good deal bet
ter posted and had more money tlah
the sellers. Instead Of 12o Tor the
stock, it looks more like 100