The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-11-22
HEARD ON THE BOURSE.

Financial Bureau-There is good
buying of Union on a scale down.
Support remains loo and 1914 Covering
in Shelter with some support near SO
now. specialist reports some cover
ing in St. Paul toward low levels of
yesterday Professionals are hammer
ing distillers for certain reasons. Steel
is still weak technically. Good buy
ing reported in Reading with rs the
first support level still good. North
ern Pacific and Great Northern under
the latest developments ought to be
still more attractive on declines.
Dow Jones-Amerfcan stocks in Lon
don irregular and active issues mostly
fraetionaHY-- lower. Twenty million
dollars treasury per cent certificates
subscribed for by New York banks
and reported one-half the issue taken.
Treasury will only call for one-half
of the amount subscribed for new GER
tihcates.
Miller-We cannot believe that we
are face to face with a situation in
which values will not permanently and
ultimately make the real selling prices.
For that reason mainly we continue
to favor the buying Of good rails on
all weak spots
McIntyre-We look for continued
narrow and irregular market and think
the chances are prices viii work lower.
Decentralization are still unset
tied and the disposition of the street
seems to be a waiting one.
Dick-It should be kept in mind that
the short interest is growing and that
the time when financial relief will be-
come effective is drawing near.
Joseph-Uuion viii be fairly well
supported. Smelter dividend will be
the regular per cent.
Miller would rather buy steel pre-
ferred than anything else for the mo-
ment.
New York-The report is current
this morning that the New York Cen
trail will defer its financial plans for
some weeks unless there is an ease in
the money market
The Baldwin Locomotive works de-
MES the cancellation Of the Pennsyl-
vania order for 425 engines.
/ Pittsburg. Cincinnati. Chicago & st.
Louis for the month of Oct; gross earn
! ings. S3,0s6.063; increase, $371,43O;. op-
u
S266,190: net, $917,4S9; increase, S1O5,-
249; from Jan. l, gross earnings. $27,-
7 SAP, 561; increase. S31S7,16O: operating
+ expenses. $40. 1908; increase, $2.673,-
CAS-: net, s6.6S7,6SS; increase, $463 617
] New York-Union Pacific is compare
lively strong. Chisholm is the largest
buyer Room calls this short cover
I ing.
New York. Ontario & Western for
quarter ended Sept. 80: Gross, S2.4l9,-
765; increase. s51.164; net $1.012. 069
increase. $31.339; other incomes $780,
! SIT. increase $15,796; surplus, s724.-
SCI; increase, $20.6SS.
Financial Bureau says-Copper sup
port is around II still. No special sup
port noted for locomotive. One of the
reports today says that the liquidation
in Atchison is near an end. Southern
Pacific is bought for investment.
New York-Sales of stocks early
| when the largest volume of business Is
/ practically always recorded, were light
compared with other days this week
About the best feature of the market
was the frequent transactions in bonds
This is a good sign and encouraging
10 common houses as indicating The
right kind Of investment buying
Pittsburg houses were again re
ported sellers of United States Steel is.
sues early, although not in the volum,
they were responsible for at the be
ginning OF the week They found gooc
support. especially in the common
stock. 1t is remarked by the trader.
that while no attempt is made to holC
UP the whole list. there is organize,
support in representative issues o
which tho most notable are Unite,
States Steel, Sopper and Union.
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