The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-10-04
Stocks, Grain and Provisions
LATEST MOVEMENTS IN BY Excl y sXE WIRE TO

sterling 5 per cent bonds announced in
London today.
L & n. acknowledgements gross, $4,-
426.453; inc. s459.12S. August net. ST.
247.614; inc. s139,94s.
Marshall spader-We anticipate in
the near future period Of steadiness
in stock market values.
Bache & Cove think a good trad
ing market Will prevail and advise buy
ing good railroads on slumps only.
stock Market opinions-The buying
Of the high railroad stocks for invest
1nent continues to a fair extent.
President Sha&hnessg of Canadian
Pacific says l. p. c. extra payment
from land sales viii be continued.
Logan 81 Ryan-Ihdications are that
the market will continue irregular but
we are incltned TO favor purchases on
breaks
William Rockefeller announces him.
self as great bull on the situation
and says it is plain insanity to sell
stocks now
look for a dull trading market
within narrow limits, with no decided
tendency I think stocks a purchase on
/ the recessions.
Joseph says:-Keep long of Pennsyl-
vania 1t will soon improve. Aver
1 IOooj6c around RuV
Reading conservatively on dips
vanEmburg & A. gave about the best
support to U. S Steel in the early
trading. The stock acted rather well,
holding it's position without much diff
Guilty.
The industrials. particularly the
Steels, Copper and Smelling issues are
sales on all the bulges, especially now
that such a large portion of the short
interest has been eliminated.
Dick Bros-The extensive short &C
count is the bullish factor at the mo-
ment 1t will probably keep the mar
ket regular but we do not expect any
thing in the nature of a sustained ad-
. vance.
, 1 look for irregular market within a
) small range. The buying power is ex-
ceedingly disappointing and it seems
to me that it would be well to take ad-
vantage of rallies caused by shorts
: covering, to sell long stocks.
T. A. Mcintyre & Cove see no in
ducement to change from this conser
yative position and favor the purchas'
of stocks except to operators who cal
keep in close touch and then only OF
further pronounced weak spots or bea
> drives for small quick turns.
Miller & Co.-Although stocks ar
; very cheap for Investment we see N
4 Eehangee In the general speculative 20
D sition except for rallies caused from
time to time by short covering Their
y seems to be little inducement to max
new commitments of consequence o.
the long side.
! Traders were much surprised at tn
8 way Southern Pacific sold off at tn
opening. At the third recorded sale
over a point had been lost. At n
time has there been so active an &C
count in that stock as in L. P, bu
{, { the disclosure OF SuCtl NSdh AoiUCA
}; has turned traders actively bearish o
. the stock.
1t must be admitted that the bea
element seems to be meeting with onl
slight opposition in its attempts to de
press prices, but it is noted still tina
! comparatively little real liquidation
d provoked The selling of securiue
for foreign account has Of course ha
a bad effect on sentiment and 1T is re
garded as quite probable that furthe
foreign sales will be induced toda
,. partially on account of a poor retur
of the bank of England.
Net earning reports of L. & W. fc
the year showed little gain notwitf
It standing $5,200,000 increase in gros
, while N Y N II. & H. showed a r
duction of surplus of S1,300,000 notwitl
=; standing 100000 increase in gros
The same was relatively true OF Atch
: son with 100000 gross earnings i
~ crease and loss in net of $685. C
I. These figures are partly due to ne
bookkeeping methods, but are none II
less disquieting and will probably b
come a feature of earning reports in Il
F., future.
ID BEbl EcTlTE TRANSFER