The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-10-17
Stocks, Grain and Provisions
LATEST MOVEMENTS m BY EXCLUSIVE TO

and legal obligations in full. It how
ever, refuses to pay obligations which
1t does not consider legal or just until
a proper adjustment Of the matter has
been made Rather than suomit to
such unjust demands it prefers TO
permit itself to temporarily be sus-
pended from the privilege OF the stock
exchange.
Joseph-Do not make any sacrifices
of stock now. Buy them.
Tom Lawson says the fact that
Heinze drops out of the management
of the mercantile national and will
hand III other designations Will help
the situation. The Copper dividend
today VIII cause the bears to cover in
other directions. London market has
been worked from this side. Pres
sures put on Pacifcs.
New York-The market opened ir-
regular but standard rails were in
elined to rally after the first few min
utes trading Map showed an ad-
vance Of two points while Can. Pac.
was off a on the decline in London.
industrial list generally lower.
Brown-The situation is somewhat
mixed but the market seems to be
heavily oversoId and a great many
stocks selling much below their real
value.
Muer-We can only deduct that
there viii be plenty Of time to figure
on buying stocks on their real vaIua-
ton. The close showed nothing more
than short covering and gives little
hope of anything better than con-
tinuation of liquidation.
Logan-New low prices were made
all through the list. Yesterdays
slump will no doubt tend to clear the
atmosphere to an extent and naturally
rally should take place, but do not
think it is time to expect a sustained
advance.
Dick-If there is no bad news 1t
is probable stocks Will have some re-
action.
Average steels and buy Pacihc's on
early dips.
Financial Bureau-Irregularity is
certain in the market today. The big
interests are simply allowing the mar
ket to find it's own level and Incl
dentally they are paying off old scores.
Perhaps now that they have what
they prusued the list may find con-
certed support again. The movement
is enormous and may have to lun
further.
Chandlers-Rumors were busy al
day with names and combinations that
were a short time ago towers OF
strength and the liquidation in the
group of which Shelters is the centra
/ figure apparently gave credit to many
of the rumors referred to. The fire
still burns and is unfortunately ex-
tending.
McIntyre-Stocks are now selling a
| chances for picking UP bargains /
| they can be carried through the pres
ent confusion.
Koshland-The lower prices go TIN
nearer we get to the turn. We would
think that prices should rally from
present levels to some extent and tn
investor should find it profitable t
buy stocks.
The Iron Trade Review today will
sty: The pig iron market at pres
ent is like some football teams tina
are strong on the defensive but sci
dom score. Prices are being remark
ably we'll maintained in spite of tn
effort of buyers to obtain concessions
Considerable complaint is made abou
slow collections, but there is littl
| evidence of real distress. The de
nand for steel making pig iron in tn
Pittsburg district shows marked i'm
provement and sales of about 100
tons of basic on the basis of S19.7
valley furnace have been made. Will
inquiries are pending for some 10000
tons of Bess emer Shipments of iro
ore from the head of the lakes TO
the first two weeks in October sho7
an increase of half a million tons a
compared with the same period las
year.
Announcement is made by Kuhr
Loeb & Co, that the firm is prepare
to pay in cash 100000 Pennsyl
vania Ia per cent collateral improve
ment notes due Nov. l.
At the meeting of the directors o
the Western Union Telegraph com
pany the retiring officers were re
elected.