The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-02-09

Morey and Hartman big buyers.
Stocks should do better.
Copper might sell back a little but
it is a good purchase.
I have tip direct from Baer that
Reading is good for 14O.
The market has accepted some good
realizing without loss of tone, buying
OF st. Paul is especially good.
Sinn:-I think the market will con-
tinue fairly strong.
Cook: I am bullish on Union, South
ern Pacific and Reading.
Simmons: Copper and Ananconda
look very well; the buying is of the
best"
think st. Paul will do much better
within the next thirty days but hardly
care TO advise at present time; am
hopeful.
Dick brothers bought 5000 Pennsyl-
vania. 1t will be remembered the
Philadelphia houses were sellers of the
stock, taking a bearish view of the
| threatening labor outlook The infer
ence is that shorts were being covered.
Hartman & Company were active in
the stock. They ran Southern Pacific
up with considerable success and were
| buyers elsewhere In quantity
Short covering was undoubtedly the
cause of strength and the early ad-
vance In the market. but profit taking
was in evidence especially In Union
Pacific, which was for sale in large
quantities on any strength and this
stock led the reaction in the closing
hour, losing about one and one-half
points from the best Of the day.
There was some good buying OF
Atchison and the industrial list in gen
eral, was strong, but after the noon
hour the market became dull and with
the reaction in the last hour prices
eased off throughout the list.
Walker: This wheat is sale or
this bulge. Minneapolis increasing #,
receipts and weather favorable. Yo1
can make some money by selling 4
around so.
Gates & Company were on the bull
side again after getting credit 70,
bear operations during the late weak
ness.
There may be some little reaction
following a further bulge, but thos
who sell their stocks are liable to los
them. 1 think therefore that 1t is nue.
better to stand pat. Reading may e
to 100 or 135 before a substantial set
back and others in proportion
The shorts have scarcely begun t
J actlohs OF couple Of points.
> cover yet. Persons not in the marke
must, however, be careful about buy
ing on bulges unless prepared for re
A general feeling of relief concern
ing several important factors appear
to have taken place within the pas
few days and more definite trend 1
the market has been the result. Their
has ben no change In the underlyin
influences, but it has become more ar
parent that accommodations of stock
: in stronger hands have been going o
4 for thep asst ten days. notwithstand
, ing occasional breaks in special direc
lions.
3 Yesterdays trading more fully de
! veloped this fact and the promise c
! some favorable currency legislatio
and full evidence that monetary cor
ditions abroad and at home We're be
p coming more normal with the progress
0 Of events aided largely in turning tn
. scale OF sentiment
The suggestion that railway mar
}. agement would endeavor to advanC
freight rates is being made an OFFS
d TO the increase in operating expens
i which have been going on fer the pa
year or more, particularly as a resu
OF higher wage scales. A late al
nouncement Of the sale of $500,
non-cumulative preferred stock of Il
7; Canadian Pacific road at 10I IL is
. distinctly favorable Indication regar
ing the feeling abroad concerning II
money market.
on Tuesday official announceme
Will be made that Peoples Gas W
l. take over Ogden absolutely and D
DO ogden fives on the same basis as Pc
pies Gas bonds, under the decision
the Illinois courts this absorption
:, the Peoples Gas is allowed The a
ar sorption of ogden viii be savii
81 equivalent 10 an additional three .
y cent on the Peoples Gas stock. Rog
Sullivan will resign the chairmansh
of the board. Anthony Brady VIII Ia
the Craftsmanship.
40 ~. L -