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

HEARD ON THE BOURSE.
Miller-During the aftermath of the
panic there will of necessity be hours
and perhaps days when the market
will seem almost hopelessly weak yet
the good rails are selling so far below
their true value that we regard the
stock market as a bull proposition and
would embrace the long side on all re-
actions.
Prices Current-The moderate lower
Ing OF condition of winter wheat as
given in the government report this
week is confirmed by current reports.
The top growth is rather short in many
sections. There is but little of dis
couraging nature as yet to be noted.
The husking of corn is far ad-
vanced and the returns continue to
reflect disappointment as to quality
Colder weather wanted to promote the
drying out process which has been
unusually slow this season.
Southern Pacific report viii show for
three weeks or more that the road
actually earned over 13 per cent on
common stock.
viii no doubt lead up to realizing and
it may be well enough to put out
some May wheat on any quick bulge
Bartlett-There is a good domestic
milling demand and it is this condi-
tion which is in our opinion the i'm
portant factor the balance of the crop
year.
Chandler-We favor buying on the
3 to point breaks and selling them
on equal advances.
Chicago and Alton month October,
gross. $f.275,625; increase, $62.O24; from
July /. net, $1,56S,415; decrease $469.-
951.
Missouri Pacific first week December.
decrease. $1O3.OOO; from July l. in
crease, $4,000.
McIntyre-We see nothing better
than continued narrow irregular
/ traders market in prospect and we
think there will be plenty of time for
those who wish to do so to load up with
stocks to still better advantage be-
! fore the end OF the year.
Joseph - Temporary Improvement
should be seen. Purchases of copper
steels and those industrials which will
be benefited by the picking up of new
business are recommended Smelter
will have a further rally, buy conser-
/ vatively. Do not buy sugar expect to
cover shorts then resell or quick
spurts. Take on some Brit. Hold
Pacs. Buy Pac Mail around 25H.
Brown-The Improvement in prices
in the afternoon in the face OF the
news may be regarded as indicating
better times.
Union Pacific annual 70 ort which
will probably be issued next week will
likely show earnings not far from Is
per cent and Will show in detail fol
the first time all stock holdings OF
Union in other companies.-Dow- Jones
Dick-In view of the fact that q
great deal of currency bearish new:
$ based upon the call money marie
situation we think attention should b,
called to the fact that state bank.
and trust companies have been doing
more or less window dressing in an
tici pation of a call for their statements
After this call Is made the marke
should be somewhat easier.
+ BarrelI-We feel that corn shoul,
be sold on all such upturns.
Bache-We look for a quiet marke
with some rallying tendency's.
PrlngIe-we continue to believ
short sales inadvisable and prefer buy
ing on breaks.
Central branch first week December
decrease $1,000; from July I, increase
$4,000.
-Jones-At the opening stock
were generally l to points above tn
| closing. The real influence was til
presidents decision against acceptin
nomination for q third term. the al
vance in London helped as foreigl
! houses bought stocks
Sugar opened active and highe'
Content who is thought to have sol
something like $4,000 shares yesterda.
was reported active in making a mar
ket, helped by ]. Carlisle. the special
list, in the stock. Union made til
best opening advance on reports c
: Harriman's improving health and tn
presidential announcement which oUgh
10 be a bun argument on the Harrima
stocks subject TO the possibllity's o
remaining fifteen months of presiden
tial action in Roosevelt's term.