The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-10-23
HEARD ON THE BOURsE.


Miller-We adhere to the position
held most steadily. that is to sell stocks
on every little rally. There will be
plenty OF time to buy stocks when the
larger interests are accommodating them
during long drawn out dull period
which is bound to follow.
Bartlett: These are extreme times
and require caImness on the part of
every one. Things will right them
selves and the clearing house commit
tee 50 far must be commended for the
admirable way in which they have
handled a difficult situation.
Logan-Public confidence has been
undermined to such an extent that the
buying power in the market is mostly
interests,
McIntyre-To those who have funds
and can buy stocks and take them from
the market we would advise buying
any of the better class of dividend pay
ing stocks of the rail list. Prices may
be forced somewhat lower under the
present excitement, but they will come
back quickly when the market has
been restored and confidence has had
a chance to revive.
Steinberger, Sim & Co-There is a
rumor that a receiver has been ap-
pointed for the Westinghouse Electric
company.
Dow Jones & Co.-Morgan told some
OF his friends last night that the
worst OF the financial trouble was over
and that he was very confident as to
the future.
New York-The Pittsburg stock ex-
change has been closed until further
notice.
Joseph-A feverish market viii be
seen in specialties. Morgan is buy
ing steels. Average Pennsylvania and
cotton oil.
New York-A run has started on the
Colonial Trust company, % Broad
way. a branch of the Trust company
OF America. The lobby is filled with
/ depositors who want to withdraw
/ funds.
/ Chandler-when the atmosphere is
4 finally cleared the rebound will be
very great.
New Yorw.-Secretary or the Treas
ury will be at the sub-treasury all day
prepared to handle necessities of bank
ing situation.
Town Topics-The banking interests
which are supporting the market will
not only continue TO do so, but the
stocks bought with this end in view
will come on all the rallies furnishing
renewed opportunity for the bears,
Bache-There is no certainty as to
what the trust company situation will
develop today, but we hope for the
best. Developments of the last three
days Will be very far reaching in their
effects, the first result will be millions
of securities for sale as the loans with
the Trust Cos. must be liquidated and
that summarily. under the circum-
stances while we recognize that prices
are very low, and. while we expect
a good rally from present prices, we
can see little reason to load IN
I speculatively. Money is apt to remain
very tight
New York.-Treasurer H B. Fonda
of the Trust Go. az America. states
that there is no cause for alarm and
that the company has sufficient funds
on hand to meet every demand whether
for funds or from civilizations
Financial Bureau-We believe the
turn of the tide is now at hand We
would buy without hesitation the fol.
lowing stocks: Atchison Preferred
Union Pacific, Southern Pacific. North
ern Pacific, Union Preferred North
west. Reading. Atchison. Car Foundry
Preferred. Pressed Steel Preferred and
Locomotive Preferred.
Ridgely-It is rumored that clear
ing house certificates viii be ISSUED
and that the worst is over. 1t is
rumored that clearing house certificate.
viii be issued and that the worst (:
over. I should not be surprised IL this
proves correct. There surely must b,
a bottom somewhere and those wh'
can AFFORD TO buy stocks and protec
them have a cinch.