The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-01-16


a great deal better today, but still
very professional and really quite small.
The selling of Chicago and Northwest
ern and the buying in Reading were
the features. Copper was heavily sold
as the prospect for an increased divi-
dend fades away.
Steel common was strong all day.
The buying was really good, led by
the Morgan houses, the talk is q per
cent. this time and / per cent next
and 5 per cent. for the year. The busi-
ness is so good they lay aside SIS $780,
600 of earnings to put into Gary.
Money was lower all day, from Az
to 91z per cent. for call. The banks
have gained some $4,000, 600 since Fri
day and the bank statement ought to
double up on the reserves this week
and show up as good as this time last
year.
Reading was badly wanted all day
| by Wasserman. Friclx. Barney and Con-
tent 1t is ex-dividend per cent and
gained II of that in two hours and
closed almost al the top. This stock
is in a fine trading position no matter
what price under $50 you pay for it.
With patience you can always make
money out of it.
Boston coppers did not advance as
much today as yesterday. Lawson tried
to put up Trinity today. but at So he
stopped and got into Arcadian again
for turn, but he has a mighty hard
job to keep his following from selling
out on him.
Ridgely says there may be some more
backing and filling in the stock market,
but you can make money by buying
stocks on any weak day. especially in
st. Paul, Southern Pacific, Steel and
New York Central
Buy Northern Pacific and Great
Northern from this time on, on any
kind Of weak report and you will make
more money than in any other two
stocks on the list. They are all liquid
| ated and have no friends left, but you
notice they do not go down any more
SO they will have to go UP. Just watch
them and see.
If one really wants to make a good
speculation with no risk and all the
chances good for a profit buy Southern
Pacific. 1t pays per cent, sells be-
low par. shows an increase of over so
per cent. in the net earnings for a year
and Content bought 5000 shares at a
time today. In the bad market Of last
month, the limit it got was 91%.
J Cooke says every one is looking for
an increase to 10 per cent. in Copper,
but he doesn't believe 1t will be realized
maybe it will be later in the year. but
If Copper goes to ia or lis be sure
to buy 1t as the dividend is 8 per cent
anyhow and the stuff is a buy on any
quick drop.
London did not do much and the new
issues Of stocks by Chicago and North
western, Chesapeake and Ohio. Penn.
sylvania and New York Central caused
some hesitancy and some liquidation
but the support in the market was very
good in Southern Pacific and Atchisor
! and Reading.
!. St Paul is peach. They issuec
some ss9,0000OO of stock but IT does
:. not increase the outstanding amount
OF floating stock as you cannot blu.
J. the rights and get the stock to de
T liver. The stock is cornered and any
o large short interest is entirely at the
IS mercy of the insiders who can max.
:. the price anything.
p Ryan and Cole are buying all of thu
~ good Boston coppers and the cheape
rs Lake Superior coppers and are nov
consolidating them for the STANDARD
~ Oil crowd. and it is like finding mon
ey to buy Nevada Utah, Copper rang
and Butte. 1t is sure TO be carries
:. through and this is what Lawson i
), trying to tell about
"A Atchison is still being pulled by tn
pool which, by the way, has Frick
- Rogers and the president Of the Penn
sylvania into it for that road, as the
need it to make them the line to tn
coast.
a. Mcintyre says the short interest
the market is very large among tn
large professional traders who hav
It's been selling short for several days pas
l0o and he thinks this in itself will enabl
,99 the bulls 70 work the market up befol
100 It can go off TO any extent.
'O0 The news OF the earthquake came t.
late to effect the market
III
100 One OF my bear friends says sell the
either up or down. but sell them; dor
own a share OF stock; no market
- earth, don't care how much tn
10 earn. can stand these continual big
sues OF stocks. legislative interferenl
ats unnecessary Investigations. court fnil
OF railroad officials. etc. and I say s.
GEO tAiofn sAOie y 4P - eAo ma :
600 altogether. You VIII md strikes
goo May to help you If nothing else com
AaA A&lonk.