The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-03-09

DT0S-
pect is for a large movement"
--~--
Financial Bureau: Money conaf-
tions are held in their present shane
by the postponed corporation demands
Tor funds. But there can be no cues
ton that the financial and security
situations are much cleared. 1t is the
uncertainty involved as to the bene-
nts Of trade reaction and the lat
ters extent that prevents us from GO
ing on record that absolutely the
worst is over"
Liquidation seems 10 continue with
out halt, and Notwithstanding the
occasional rallies large blocks of stock
are thrown on the market and every
DAY some new security makes a new
low record. In fact. prices are get
ting to such levels that have not been
seen within the past six years. There
| is no support except from the short
interest and the moment that this buy
ing power ceases prices again decline,
and the bear element seems to be bent
on forcing values lower Little can
be said on such market as all good
news has no effect
Dick Bros: we are inclined to
| look for a great deal or irregularity
during the next few days rather than
any sustained movement In one direc-
ton or the other"
T. A. Mcintyre & Co.; I'VE would
rather adhere to scalping position on
the bull side than to continue to fol-
low the bear movement, as everybody
else now seems to be doing. We are
entirely out of sympathy with the
panic talk now discussed on all Sides"
J. S. Bache & Co.: "It is extremely
difficult to diagnose the situation, and
we would advise caution in making
commitments until a more definite
tendency is apparent"
Watson & Co.: THE monetary sit
uation should be naturally greatly Inn
proved by the liquidation that has
been going on for several days. though
it's beneficial effect will not be felt
Immediately"
Chandler Bros. & Co.; ''We said in
our letter three months ago that we
believed stocks should for some time
be only handled with antiseptic gloves
and with such exhibitions as are CIV
en- by the favorite Morgan issues now
the advice would still seem to hold
good
I advice caution and rather advise
the sale of stocks on any rallies, but
not on declines.
In first ten minutes ]. ]. Manning
had bought 10000 shares of Steel COM
mon. The idea that he was covering
shorts was encouraged, but may not
be exact. He got the stock rather
easily.
Missouri Pacific sold off s IL points
in the first twenty minutes a few
hundred shares. There was a thor
oughly bad market for the stock.
On the way down from present
nr,ees IT is thought that there viii be
an increased amount of investment
buying. and that when the liquidation
has run its course there will be a
sharp rebound. followed by long per-
iod of dullness.
The subtreasury lost $4,000 TO the
banks yesterday, but since last Friday
has gained sS3S,00O from the banks.
It's anybody's guess, but I think
buying for rallies carries a good deal
Of danger with it.
All grades of copper today We're adj
vanced from one-eighth TO one-quarter
Of a cent. Lake was up one-quarter
cent in the asking price at % ga.
Electrolytic was up one-eighth cent
in both the bid and asked at 25625
IA. Castings were unchanged at "a
1924 ga.
Southern Railway reports a balance
for six months after charges of 81
169.e59, a decrease of s1,554.097. In
connection with the statement Of
statement for the six months ended
Dec. 81, the following statement was
issued by the company after the meet
ing of the directors: "The income
statement for thes TX months ended
s Dec. 81, 1906, shows that the semi
8 annual dividend on the preferred
q stock of the company on the basis OF
Ia IL per cent has been earned and II
8 has been declared"
Miller: Look for lower prices fol
s. stocks. / think Union Pacific the
q greatest sale. I think the big people
s. soId big lot Of it yesterday. The lit
q IL neople were afraid to sell it owing
81 ~ the fact that they will have to helI
81 nav the dividend today"
81 -. further Humiliation @oda,