The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-02-08
HEARDON THE BoURsE

warmer south tonight. Wy
HEARDON THE BOURsE
New York. Feb. S.--London markets
steady to higher on all of our stocks
bank statement very good Hrn Is
afraid the labor situation will be worse
than last year in the east. not enough |
men to go around the railroads
Erie shorts tried to buy in a SO 600 |
share line yesterday and that put up |
the stock a little, but it is a sure sale. |
Copper and Anaconda will lead the
market at the right time. $50 for Cop
per viii look very cheap
When the short interest discovered
that there was little stock offered. and
with the continued buying of Atchison.
prices were stimulated materially in
the entire list. and in the closing hour
purchases were made throughout the
room, bringing about much higher
prices, the largest advance being
scored in Anaconda and Atchison.
| Conditions at large seem to be i'm
/
more freely offered, which unquestion-
ably helps security values.
The open letter which President
Roosevelt contemplates sending to the
Interstate commerce commission de-
flning his attitude with regard to rail-
road corporations, and which in fact,
was expected to be made public yes
terday, is now believed will be much
less caustio in It's criticism than here
to-fore expected, it is thought in fact
that the President Will make IT plain
that the railroads of the country have
his sympathy in every proper effort
under the law to extend their business
and improve their facilities.
Mcintyre & Co. says: while the gen
eral position of the market has been i'm
proved considerably by the recent
heavy liquidation and the belief that
stocks sold during the decentralization
last week went into strong hands as
a general rule, there is still such a
lack of confidence in the future stabfl-
ity OF the market that IT is going to
take long time before any genuine
bull movement is attempted
Southern Pacific has stood the gen
eral trouble well, 1t will not take much
to send it above par in due course Of
time.
Union Pacific is due to rally to near
$50, Reading is a mystery, but there
has been excellent buying around 100
and I hear 1t will not sell at 119 again
soon. Pennsylvania below 1870 is or
the bargain counter. Lawsons efforts
have caused quite a bearish sentiment
on Amalgamated. hence higher prices
are probable.
Time money loaned at Az per cent
for sixty days. Bids for six months
were reduced to 5A per cent. Som,
loans for ninety days at 8 per cent
were made. The demand for time mon
ey continues light.
i Content bought 10000 Reading, n
1 news on 1t that we hear of. There ha
positively been nothing definite abou
Missouri Pacific. The stories abou
issue of notes has been denied. w
have bought Missouri Pacific for PEG
,. pie today who are in a position t
6 know that the dividends are all righ
The break yesterday was ascribed t
bear raid as the stock was vulnerabl
bacuse Of lack of inside support.
The narrowness at the opening I
shown by the quick advance on sma
70 transactions. The improvement Ia
caused increase in business. MAC.
;. Simmons says: 1.-The market look
ar we'll. Think it will be better, trader
20 and London bought Union Pacific. Bar
~ ney and Hartman bought Atchison
81 l fell that the market Is going
ar show further improvements. The onl
- thing to my mind to break is renewe
~ liquidation In some particular stoc
and If that breaks out again it woul
t. break the whole market FRACTIONAL.
SPADER.
90 London very quiet, fractionaliy low
90 er on bids. A dull market is expecte
~ with quotations generally steady.
40 HESS.