The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-09-28

probably rain tonight or Sunday; cold
south Dakota and Nebraska-In-
creasing cloudiness and warmer to-
night; probably showers Sunday.
Kansas-Generally fair tonight and
Sunday; rising temperature.
Montana-Probably rain tonight and
Sunday
HEARD ON THE B0URsE.
Financial Brevities.-American ice
securities passes dividend
Grand Trunk Earnings third week in
September, increase S4S.251.
Illinois Central report shows 1919
per cent earned on stock last year.
There is bear tip out on Cons. Gas
and it looks as if it will sell lower.
Twelve industriaIs declined AZ per
cent. Twenty active railroads declined
70 per cent.
Weakness in A. c. A. and selling of
Steel upsetting market. Copper been
reduced again. Soul 14%.
Southern Railway Earnings.-Third
week in September $1.211,514; inc. sS9,
43S. Form July 1. s18,3o7,751, inc.
$96S,071.
Earnings-Colorado Southern third
week in September, $831,419; inc. $751;
785. From July I, $S,195,539; inc.
s262. 400
We rather advise conservatism and
believe people should buy only If they
are prepared to pay for them, or should
limit their losses if bought for specu-
lation.
Dick Bros.-There is no buying and
short covering will bring about Occa-
sional rallies. We see nothing at the
moment to warrant sustained improve
ment.
Illinois Capitalization Harahan
Of the Illinois Central says he has
enough proxies to give him absolute
control of the Illinois Central annual
meeting and that Stuyvesant Fish VIII
be powerless.
One can hardly explain the weakness,
and the underlying principles evidently
ing at times was of professional char
aeter, liquidation must be in progress
| from some quarter.
The market was weak and prices
I held fairly steady at the opening. but
| as the session progressed heavy SELL
| ing of Copper, Shelters and Union Pa
cific developed, which brought a de-
! cline throughout the list of from 2 to
3 per cent, with little support except
short covering.
The cost of production at even the
! larger and better equipped mines is at
present not less than II to 13 cents per
pound whereas in normal times this
producing cost is from to 10 cents a
pound. The reason for this increase is
that certain fixed charges have TO be
met whether output is large or small
Wormser. Savin and other traders
were giving some support to Union
| Pacific and other stocks. Floor trad
ers regarded this as covering of shorts
and were not much impressed by the
| character of the buying. AS they
pointed out such stock is always put
out again if it proves easy to cover.
So far as individual stocks are con
| cerned, gossip of an unfavorable char
acter continues to surround n. Y. Cen
trail A rumor is current this morn
ing that the company is endeavoring Il
dispose of about $30.O00,oo0 notes bu
so far has had little success in its ne
gotiation with bankers to take up the
issue.
Most of the selling seemed to b.
short stock. At the same time thu
railroad list was hammered to thu
lowest levels yet reached on the pres
} ent movement. We do not think tina
the reactionary tendency will go mucl
further, however, and would not b.
surprised if there would soon be
change for the better.
Stock Market Gossip.-Financial Blu
reau.-On breaks from present price!
In the high grade rails we do not Sc,
why daily operators If they will Civ
close attention to support of an eff
fective character as it may appear
should not be able to make good turns
But they VIII also be able to max
, short turns by selling On strong spot
as pointed out in the last few days
Town Topics.-Copper and Smeltins