The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-03-06

" ednesday, March 6, 1907.
Boston-Interests which have cor
eictly predicted dividend tncraas.. =.
-s..s.soil,ia "A the past. say thar tba
49, 10y dividend to be declared win
II olpie 81 weeks VIII be Sc a share
num- cent per an
London was a seller On <.
scale In the early trading b,,+
noon both London and the Co,.,.
We're noted as buyers of stocks
| oltrage brokers estimated 49,
exceeded the purchase by about :, Sa aes
shares 1V'oeo
It Is tho gossip that the Atch,so
pool has sold all morning and e naaw,..
through its unloading. The latest -
the street Is that Hartman HOLDINGS
OF Great Northern and Northern pa
eine have been taken over bv the %
Morgan company.
J. T. Morgan & Co. have made hfa
for the remaining Union Pacific hold
lhgs OF Great Northern and Canadian
racine and rumors We're also current
.ilat II. Z. Prick and associates have
pousht the Reading stock held by the
roads.
I VIII be observed that there Is alb
! solutely nothing now in the above
except matters which may grow orr
1 - ae commission work and the mar
I Nel Is rejecting abandonment bv in
! estofs and operators who had placed
t 1spehaenee on sentimental effect of the
adjournment Of congress and the mass
t age of the Aldrich financial r,aas,,ra
"liieh last was expected II appears. to
d aHord some relief to the money mar
T | Aee though its provisions and possfhtl-
d ,elss u that direction have been fully
II known for the past two weeks.
ne heavy selling of Atchison is for
i Union Pacific accounts.
IS said Lawson's report on Na-
vada-utah win come out this after
Stocks should prove a purchase IL
y the morning, but as have reoa r,,e -
4 before, What's the use"
y few eleventh hour bears are NAH
: ing money and they win lose their
" profits and more when the market
:, turns Very few bulls have any mar
- gins left and are not in a position 70
BUY. Presently we may see the biggest
bun campaign since 1902. but insiders
= will be the only people to profit by it.
The Pennsylvania's annual renort
this morning is an extremely favor
! able showing OF that corporations af
q fairs, and according to news agency
calculations the net earnings Of the
f. Pennsylvania road were 11e6 on out
standing stock against s.94 per cent
= in 1905, the system combined with that
" Of the parent company shows a net
income actually paid. or earned, on
Pennsylvania, stock of 1340 per cent.
20 as against 11.S7 per cent last year.
al We continue firm in the faith in adj
e visibility Of the bear position and we
are especially bearish on Union Pacific
MILLER.
) We may have some rallies, but would
J. not get long. I would rather wait and
: sell them on bulges.
Is Think we ought to get a good rally.
n Liquidation was evident from the open
rt ing and very large accounts We're
he closed out, and no doubt this forced
v others to do likewise and prices de-
G. cIined from two to five points through
< out the list. The heaviest sufferers
to were the Hill issues and fractions and
at naturally. everything else was affected
rs likewise.
ly 1t is nearly impossible to avoid the
ed conclusion that at present or lower
a levels stocks will be accumulated into
ne new hands, perhaps strong enough TO
n, make dislodgement nearly impossible.
tie out of present conditions we should
lie certainly have a return of confidence in
sufficient degree to absorb offerings
of well tried issues which are now
n selling at prices not recorded for near
n ly two years past
1T. Foreigners are not looking upon our
p finance with favor at all and have been
ed selling stock readily for the last three
ay months.
e Industrials to some extent held better
ok than railroads, but a heavy decline was
al scored In Shelters and Coppers.
IL
We would not buy now. There was
j. good buying this morning. but it did
n, not hold. Would look on for a while
as
Mt. There are no reasons given for such
,er declines. but it is sure that confidence
re has been severely shaken by the re-
nd cent disclosures OF the Union Pacific
o. inquiry. The public at large will be
forced to sell what little stock they
have and large banking interests vii
he cn.ra,nanca 10 look with more snspicior