The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-04-09


Montana-Fair tonight and Wednes- /
day; warmer in north portion tonight |
HEARD ON THE BoURsE.
The market showed some profit TAX
ing the earlier part of the session, but |
stocks seemed TO be we'll taken and at
the lower range of levels it was ex-
ceedingly dull and quiet and very lit
tie stock was offered for sale, which
naturally stimulated buying somewhat.
and the least support brought about
some higher prices.
Generally speaking prices were about
on a level with Saturdays close, with a
very good undertone.
There is very little change in the
situation, money remains rather cheap,
and this may induce further bond pur-
chases, for which there has been con-
siderable inquiry of late, and this in
turn might help security values.
We think 1t will be a traders mar
ket for the near future and stocks can
be bought on fair reaction but should
be sold again on any fair rallies.
Local bankers today were generally
In accord with the cable advices in
dicating a strong probability of a re-
duction in the bank OF England min
imum discount rate on Thursday. 1t
was pointed out that London need no
longer have any fear of New York
taking gold from that market in view
of the easier money condition here and
the consequent sharp advance in ster-
ling rates which has taken place with
in the last week. This will leave the
bank without any competition in Sc
| curing the fresh gold arrivals from
South Africa from week to week.
Charles S. Gates.-Easy money seems
to be assured now, and this means a
better bond market as we'll as better
prices for the good investment stocks.
We think the entire market position
| has changed for the better now.
Bache & Co.-Owing to the substan-
tial evidence the market has enjoyed
lately. we believe the short interest
has been materially reduced and we
would advise caution in trading.
[ We would take profits on bulges in
these stocks however, and would buy
only on sharp declines. Gen. Elec.,
| Sugar and Loco, should do better and
at the prices ruling the Hartman
stocks. Atch.. B. & o. Big Four, Nor
folk, and Atlantic Coast are among the
cheapest railroad shares.
| London.-It is expected that the Bank
of England will reduce it's rates to 4
|
strength in American exchange and
the improved position In N. Y. indi.
Gated by the absence of any demand
for gold.-D. J.
merce committee is In executive session
and will continue during the day ex.
aiming arguments and evidence In the
Harriman-Alton case.
It is not yet formally decided what
action it will take in respect to com
polling E. H. Hartman and Otto Fl
Kuhn and Kuhn, Loeb e. Co, to answer
questions which they declined to ans
wer in N. Y; but the best opinion Ii
that the Commission will ask the Atty
Gen1 to take action on its behalf t.
compel them to do SOD. J.
Don't look for much change in Read.
ing one way or the other, rather fayo
selling Rdg. on sharp rallies.-F. K. P
1t may be all right to buy now bu
If you do you must take the chances
of reduction that will carry L. p. bacl
} to about 134 and other issues in pro
portion. hear on pretty good author
, ity that though this Is a bull marke
and will continue a bull market 70
many months, the advance has gon
about as far as it viii for the present
I would keep long of low priced is
! sues and ignore fluctuations but clos
out every share Of high priced stuf
and wait.-Ridgley.
Would only buy stocks on a fair re
action when I think the good ones lik
Nor. Pac., st. Paul. Union Pac., So
r Pac. and Copper should be picked up
F. K. P.