The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-01-15

New York, Jan. 16.-PrOfeSSiOnal was
the only thing that could be said about
the market and the fact that 1t was
outsiders in 1.-THE few
that had profits took them at the open
ing and when the s25,O0O.O0O issue of
came out they jumped
and then the bears started in again.
Northwestern and the Hill stocks
put the market down more than any
thing else. No news of any kind.
Money was cheap at So per cent-and
the banks since Friday have gained
about $4,000, 600 but the conservative
tone is rather bearish on all stocks.
Copper was off on the gossip Of an
issue of $75,0OO,O00 to 1OO0O0.O00 Of
new stock to buy out the Ryan crowd
in the outside coppers, and almost an
absolute assurance that at the meet
ing Thursday the dividend copper will
not be raised.
Chesapeake & Ohio is in the market
now for s3O,OOO.OoO Of money for equip
ment and some double tracking, they
are earning big money. but with this
new issue to pay interest on the
chances of increasing the dividend is
rapidly fading away.
People will not invest in the new
issue of railroad securities with so
much adverse politics as we have been
having. There are too many disturb
ing factors right now even to make
them hold onto their long stock; too
much investigation without any rea-
son and too much legislation.
The big people do not seem to be
at all worried by the drop in stocks.
they buy the market when 1t is weak
and sell it on all bulges and apparently
do not add much to their lines and
seem to scalp the interest out about
twice a week.
1t looks as IL it will be some time
before a real good stimulant will be
given the market and for the near
future you can look for nothing but
a trading affair. In the meantime the
best advice is only to buy on a sharp
reaction and sell out on any kind OF
stocks.
Steel was put up by the shorts alone
one big commission house who got
wise on the market sold about &c, 0OC
shares at AT or SO and came in early
at 80 because money was too cheaI
at 4 per cent for them to stay short
Southern Pacific was well handled
for a while on the talk of an increas
in dividend and of rights that will pu
the stock up to 10, but at 90 the.
found some profits were being takel
by the insiders and the bears put GU
line at once, but just the same thi
stock should be bought.
| Atchison was bought and sold b.
the Berwynd pool all day, APPARENT!
simply to keep it active, it did no
either gain or lose. I am told the!
expect money to be normal the balanc
of this month. and before this weel
ends they will put Atchison up to 10
Pennsylvania had a weak spell 70
awhile by selling of Philadelphia
houses which supported the stock las
week on the break, but 1 am told b.
we'll Informed people that the stool
is well in hand and will not go mucl
below the present price.
New York Central on rather small
| transactions was put off couple o
points, but the stock was well takel
and 1t is doubtful if this stock vii
go much below its closing figures.
it does, it is certainly a fine purchase
Reading was again used as clu
by the bear traders to help push tn
rest of the market down, and 1t oil
pretty well, this stock is so rapid
its fluctuations that the traders ca
put it up or down three points O
nothing, but you can certainly &c
some action for your money in 1T.
Ridgely says in the whole, l ar
bullish on the market, their prices ar
made to buy stocks on by the insider
and not to sell on, the new issues {
the big railroads are not at all bear
J ish and you will soon see better price
this is the time the railroads have I
get ready for new business.
The shorts have all covered in tt
J market and that is what is the matte
nothing else when you take out II
shorts this market is bound to IA
} down two or three points at leas
and then it is buy, but not befor
You can buy stocks and make none,
but don't forget 1t is nervous trader
market
First National Bank crowd sold
lot of stocks they bought last wee