The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-11-26
HEARD ON THE B0URSE.

Texas and Pacific, third week in No
vember. $2S7,O51, dec. $S1,647. From
July l. $6,113.3 inc. $685., $50.
New York-The temperance of
liquidation on every rally is only what
should be expected in view of existing
conditions. Our opinion is that the
market will continue irregular and that
its best opportunities for speculative
profits will be found in quick turns
Dick Brothers.
For the near future there is no rea-
son to apprehend financial disturbance
or serious impairment of security val
ues but other than investment commit
ments cannot be encourager until the
money market will permit calculations
involving normal rates and dates for
loans.-Marshall- Spader & Co.
Dow-Jones-At the opening the mar
ket was quiet and heavy There was
a disposition to sag with no violent
pressure. There was about the same
kind of scattering liquidation which
depressed the market on Monday.
Traders were mostly bearish. Mop
was among the weakest issues of the
early trading. failing to rally in spite
of the expression of opinion in re-
sponsible quarters that the regular
dividend would be maintained. The
liquidation apparently has no con-
nection with the dividend prospects
whatever they may be. New York
Central failed to respond to the ad-
vance in London where the marking
up price Of SO for the settlement is
equal to SO 3-S here The early COM
ment on the note issue is that it may
meet the most urgent needs, but it is
quite insufficient for the large amount
of finance which must be undertaken
for the terminal work.
Union has q value according to the
books of $3.50 a share al the minimum.
If question of real value represented by
Union could be arrived at accurately
it would probably be found TO be
not less than S175 even if the collater-
al assets in Union treasury were fig
ured on basis of current market quo
tations.
Miller-The market may back and
nil for some time to come. Specula-
ton is at low ebb and the bankers
reserves here are seriously depleted,
but we see, however, no money of con-
sequence on the short side of the mar
ket and the rail stocks are worth so
very much more than they are selling
for that we can only adhere to the
opinion that they should be bought on
every reaction.
Brown-The feeling is much more
confident as regards the financial sit
Nation but the market stiH lacks the
stimulus Of important buying.
Joseph-Harriman shares and Penn
syIvania are cheap. Buy New York
Central. around 911a.
Topics-The renewed outbreak OF
/ liquidation and the practical lack of
outside buying has served TO dissipate
the buInsh hopes that had been aroused
| by the rally in stocks that took place
1 Saturday
Dow-Jones & Co.-American stocks
in London quiet and mostly below
parity. London settlement began to
! day and quotations are now for new
account.
Reported from Paris Bank of France
viii allow shipments OF gold up to
sixty million. but not more than four
I million a week. This may reduce is
4 sue OF treasury certificates to mini
mum.
/ Canadian Pacific third week in No
vember. sI6os, 600. inc 1925, geo. From
July l. 32.2Ss,9o4. inc. s2.s52717.
/ Wabash third week in November
/ s46S.aI6. dec. s3s,504. From July /
/ 11.444547. inc, S77.T42.
Ridgely-The market Is slowly re-