The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-02-04


Watson SAYS: The news ts all eoo5
but goes unheeded. The cause for the
slump in values when bust /
ness Is so good that every one Is re-
fuslng new lines is all laid at the door
Of one man and the fear of what his
lmpuisIve action may do to further un-
settled values takes away all conf
dence."
Good selling at the opening but pres
sure was not so severe as it has been
Tor a week, not so much stock for sale
ana traders rather inclined TO play for
an advance OF few points as II looks
like too much company on the selling
side.
Sim says: Rally may come from
the present level unless something I'M
forseen happens. Some Japanese war
ships may be accidentally sunk or
something Of that kind to stop 1t. Don't
load up too much on long stocks and
run quickly.
Would rather buy stocks at this level
for a rally than to sell them short.
but don't expect anything like a bull
market and If prices do advance would
prefer TO go short even on a scale up.
Money will be up to per cent before
the end Of the month.
Pittsburg millionaires have lost over
$4,000, 600 in the stock market since
the Hughes election in November, but
am told they can stand it. but 1t has
taken away their lighting money and
their confidence.
The Sun says: Market shows more
strength and that was really the fea-
ture in the end of the week trading
and the tip is being distributed that
Standard Oil will make an effort to
stop the decline if they have to put
money to l per cent and import gold
at a loss.
Town Topics Is very bullish on the
market. They say to buy and pay
no attention to any pantcky talk 1t
is all bosh. At this level they think
Union and Southern Pacific, Pennsyl-
yania Southern Railway. Steel, Cop
per and Lead all good to buy and it
IS far safer to trade on the long side
from now on.
Copper ought to be in a better posi-
ton to make money on the long side
than any stock on the list. At 10 it
pays about IL per cent and the
metal in great demand at 25 to 26
some Of the outside copper companies
is in fits favor.
Tr ~. IL. ~.
of "a per cent in the net for the past
month and shows earnings of IA per
cent on the common stock. This stock
held better in the past week than any
other stock on the list. but you cam
not believe they will again raise tho
dividend this month.
The story is that Morgan has shown
the Standard oil people and Kuhn, Loeb
& Company that they cannot run a
bull market without him and Hill. But
they cannot get the public; so now
they have all made up and put their
| shoulders to the wheel and will pull
| together.
Content bought Is, 900 Reading sup
posed to be for the insiders who will
work the stock up to above 80. Con-
tent was also a heavy buyers all around
the room, buying $4,000 steel. Harri-
man sent word to his friends that we
have passed the low point in stocks
and that they are a better purchase
| than sale.
Market shows more strength thar
for some time and the buying was o.
a better character on all weak spots
The market is good for a fine rail-.
with Union, Southern Pacific and Cop
pers as the leaders.
Erie on any kind Of rally is the hes
sale on the list. The stock will sci
below 25 before the end of the year
The second preferred viii not pay an
other dividend in five years.
Brooklyn will sell below 50 befor
it goes up 10 points from this price
J The bonds are selling at s4-a pc
cent band-and it Is we'll received. Tn
stock is less than a water-it Is reall
wind and the new governor will shoy
them a great light and punch a hol
in 1t.
Here are supposed to be bottor
prices that stock will not be above
. to break: Union Pacific 159; J.. & y
; 1872; Northern Pacific, 49,. Great North
ern, 164: New York Central, 125, an
Pennsylvania. 127.
, Atchison earnings for past six month
: net shows IS per cent earned on til
? common stock. The pool is still
business, but with a black eye. The
. say 6 per cent sure for the next div
0 dend.
Steel people say no falling off
business. This quarter will be ii
banner one and that the dividend vi
be raised in April TO j per cent.
: j. L. D.
y Pay
County Taxes
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