The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-02-02
Stocks Grain and Provisions.


steel common was sold by everybody
LOT long and short accounts below II.
ne Morgan people came in and bought
some stocks 10 prevent absolute de-
moralization. The preferred did not go
DeioW It's last low and If we are really /
not IN a panic market the common is
purchase.
colorado Fuel has been we'll sold |
oy the insiders and the shorts and
re Iatter are the only buyers. The /
ioauS nave already cancelled some /
= tAelr buying orders for equipment /
ana Tor rails. and if this continues /
this stock Will sell IN the thirties.
Wen Is the big short, he sold over /
$4,000 shares today and was followed !
by all the floor traders. Mcdonald /
dumped all the 10000 Union pactno he |
bought and Content and Barney also
sold a big bunch of the stock.
Money was quite firm. starting at
"a and going to per cent. but some
gold was engaged for import TODAY
from London and it looks as if Furona
will help us out some If the govern
ment does take back all the money II
has loaned to the street.
Shelter was very weak today on the
selling from Denver, and on the talk
of new issue of $4,000. 0oo stock 70
pay for some mines and for q new
smelter that has been erected. The
fact is the prestige of Guggenhein has
been badly hurt.
Lead started down to keep company
with smelter and made the low price
sincel asst May. Thee ompany is earn
closely held by the Sme1ter crowd, but
some taIlers had to sell out
Pennsylvania was very weak all day
and did not show any rally to speak
Of. The Philadelphia crowd have been
hurt. although the stock pays a higher
return to the investor than at any
time in the past twenty years.
The whole market rs a one man mar
ket and that is in the shadow of the
| big stock. lit it goes back the market
is bound to go UP. but who can tell
If you want q guess ! win say 1t will
again wave in the air.
The higher prices from London die
not help the market to any extent
There was heavy selling and the whole
list suffered from one to four points.
Very little can be said on the mar
l1et. The general situation is good
but the feeling is very nervous in the
| extreme, and until we get better news
from Washington, don't get too en-
thusiastic and buy any stocks. Rather
sell them short on any kind of a bulge
| especially the better class of stocks
Lawrence says: Il don't like the
market. 7 thought yesterday that ii
had turned, but it don't look so now
1t is difficult to be bearish at this leveI
because prices are so low, but I would
not buy anything except shorts. Il
you can't do that get out of the market
and let it alone"
Reading was bought by Content
Wasserman, Barney, Flower and Frick
but somebody sold more than the!
wanted to buy and it was supposed t,
be the Philadelphia crowd who wer
/ caught long OF it.
Bear drive is all that can be said 0
stocks under the head of Shelter an
it brought out some more liquidatio
which was supposed to be over, blu
the idea Is that the market is nea
bottom. if not there, and ought to a
least rally some.
Atchison will issue s2O.oOo.ooo c
notes as it cannot sell either it's bond
or stock in this market and this an
Shelter are bad features. There
/. not enough money to go around for tn
railroad requirements.
Bank statement was expected to h
0 bad.
Davis & Company sold steel commo
in 5000 share lots. Hartman & Con
I pany sold Shelter
: Marshall says a large and belate
3 bull account was liquidated today.
J. L. D.
Tender Heart on the Bench.
0 According to On eminent lawyt
q there is a custom in French jurispr,
Q dence that sanctions the consultatio
Q by Judge in provincial courts wit
colleagues on the bench, called "a
! SCISSORS" when sentence is TO
: passed upon certain classes of mall
factors What ought we to give thi
: rascal, brother?" a Judge in the d
partment Of the Loire asked the asse
g sor on his right Il should say thre