Hammond Times, Volume 1, Number 178, Hammond, Lake County, 15 January 1907 — Page 4

PAGE FOUR.

THE LAKE COUNTY TIMES Tuesday. Jan. 15, 1907.

THE LAKH COUNTY TIMES AN EVENING NEWSPAPER PUBLISHED BY THE LAKE COUNTT PRINTINQ AND PUBLISHING COMPANY... "Entered as second-class matter June, 28, 190. at the postofiloe at Hammond. Indiana, under the Act of ConsreM, March 2, ' k Offices in Hamrcond building. HamQond. Ind. Telephone. 111. Chleaz Office. Room 1603 Tribune Building, Hugh W. Montgomery, representative. Terms of Sasscrlptloa. fearljr 13 09 Half Yearly 1160 Cingle Copies 1 cent

LARGER PAID UP Circulation than any other Newspaper in Northern Ind. Circulation Yesterday CIRCULATION BOOKS OPEN TO THE PUBLIC FOIl INSPECTION AT ALL TIMES. To subscribers. Beaders of the Times are requested to favor the management by reporting any irregularities in delivering. Communicate with the circulation department, or Telephone 111.KEEP STEPPING, SENAT0BS. What's the use of being a state senator, anyhow? You may Introduce a bill to fill in lakes, dam streams, dredge creeks. What's the use of being a state senator or representative, anyhow! There is absolutely nothing doing. No matter how serious you take yourself you have got to keep stepping to devise some scheme through which you can rise his head above the water. The reform bodies and the federal authorities seem to have beaten the solon with the whiskers to everything that is worth while. Washington controls the Standard Oil and the beef trust, the coal trust, the railroads and all the inspections that look good to the inspector. The "nothing doing" sign confronts the state solon no matter which way he turns. lie looks the same to the seller of railway tickets as any other meek and lowly wayfarer who has to rattle his change before he musters up sufficient nerve to inform the agent that he fain would travel. The Incorruptable state statesman is up against it. Whereas In the palmy days of statesmanship he could balance his campaign expenses with hardy annuals and telegraph and express franks and still preserve Immaculate his high collar and his lawn tie, he has to Join the old settlers union and settle in common with the rest of us who think that the course of poll tics and strong drinks are parallel. The state legislator is now put to It to invent a new reform that will serve to put his authority to the front. If you think of this when you hear of a lot of weird bills being presented at Indianapolis it may save you a part of the burden of guessing why. Calumet Waits on Dunne. The approaching settlement of the Chicago traction problem is a matter of considerable concern to the people of Hammond and the rest of the Calu met region for the reason that ever since Mayor Dunne attempted to carry out his immediate municipal owner ship policy, capitalists have been re luctant about investing In new lines or extensions. The result has been that what or dinarlly would have been a remark able development in the urban and interurban transportation business, has been brought to a stand still and ther is no hope of activity along this line until Chicago either adopts municipal ownership or compels its dilly-dallying mayor to accept some sort of a com promise. When there is finally a settlement made it is safe to prophesy that the Calumet region will be one of the most important objective points for inter urban companies west of Chicago Added to its remarkable railway fa cilities will be even more remarkable facilities for short distance passenger hauls. Hammond will replace Indianapolis as the interurban center of the state. BUT think how the lobbyist will suffer! IF THE railroad passes are cut off and lobbyists are forbidden to do anything in the pursuit of their calling besides making appearance before committees and by means of "published statements and briefs" as the Indianap olis correspondent leads us to believe may come to pass, the joy will all be squeezed out of being a senator or a congressman. MR. BOWSER'S bill limiting the number of saloons a city may have on a per capita basis, looks like a good scheme. Thirst should be the basis of reckoning. Fancy East Chicago being limited to the privilege of having only as many thirst quenching emporiums within its boundaries in proportion to its population, as Lowell, for example! It looks like the humane societies might find in Mr. Bowser a fit subject for their efforts.

WESTEEN INDIANA MAY EEECT FINE NEW DEPOT.

Property Ha Been Purchased at 1W Custom House Place and it Is Believed that Depot Will lie Built erer Town. The "Western Indiana road is thought to be behind the purchase from George G. Newbury of the property at 1S6 Custom House court, which was filed for record yesterday. It is believed to be another step In the plans of the road for an extensive enlargement of the Polk street station, which, it Is said, in Its completed form, will reach from the present east side or Plymouth court through to Clark street. The road has for some time owned the frontage on the east side of Plymouth court, and it is planned to have the city use this for street purposes in lieu of the proposed occupancy of the present street by the proposed station. The road owns the entire Clark street frontage between Polk and Taylor streets, which Is occupied by the Wabash freight house, and it is also said to have picked up the few remaining holdings in Custom House court not previously owned by it. BIG LAND DEAL IS CLOSED IN GABY. 1,400 Lots Are Sold to Chicago Syndicate for $275,000 Will Subdivide and Sell at Retail. There is considerable local Interest in a recent transaction in which a Chicago syndicate secured 1,400 lots in Gary. It has been the supposition that the sale of lots in Gary had been bound around with such iron-clad contracts that speculation would be impossible. The recent developments seem direct ly opposed to this plan, for the Gary Land company is evidently aware of the fact that no syndicate would pur chase sucn a large number or lots ex cept for speculation. If Gary Is to become a fertile field for land speculators local real estate men are of the opinion that the sale of lots will be facilitated. They say, however, that that kind of a boom is rather a dangerous thing, as unduly affecting the values or all the real es tate in the city, possibly to the extent of inflating them beyond the danger point. The lots were sold last week to a Chicago syndicate for $275,000. They are in the vicinity of Broadway, the Wabash, Michigan Central Pennsylvania railroads. Deeds veylng the property to Walter S. along and of Chicago were filed for Crown Point, Ind., Saturday Crown Point, Ind. record at The sale CHESTEBT0N YOUNG MAN IDENTIFIED AS SUICIDE. Son of Late Dr. Kransgrill Found In a Morgue In Brockton, N. V., by His Mother and Brother. Mrs. David Kransgrill and her son, E. W. Kransgrill of LaPorte, went to Brackton, N. Y., last week where they identified the remains of a young man who committed suicide two weeks ago The remains were held in the village morgue in Brockton and were identi fied as those of Emmet Carlton Krans grill, son of Mrs. Kransgrill and of the late Dr. David Kransgrill, who lived at Chesterton when the latter was alive The young man was twenty-two vears old ana naa oeen empioyeu us a. traveling salesman by a Chicago drug firm. When last seen alive by his peo ple, shortly before Thanksgiving Day, he had a considerable sum of money, none of which can be accounted for. ASKS DAMAGES OF SALOON. Woman Holun Sale of Liquor Respon sible for Death of Husband. TTuntlnerton. Ind.. Jan. 15. Mrs. Lizzie Niehous, widow of the late John W Nlehous, has filed suit in Dubois cir cult court against Andrew and Joseph Greener, proprietors of the Greener Bros.'s saloon for $10,000 damages for tha death of her husband, which she alleges was the result of the illegal ale of intoxicants made to him by the defendants while he was intoxicated, Tha case will come up for trial at the present term of the circuit court. John W. Nlehous died early on the morning of Dec. 12, 1905. At about 11 o'clock the night before, on the way to his room upstairs, he fell down the tens and died within a few hours never gaining consciousness. GIVE BENEFIT FOB CHABITY. "Brown of Kokorao" was the play given at the Calumet theatre last Monday evening under the auspices of the South Chicago Women's Charit able association for the benefit of the poor of the South Chicago district The play was a success and was well attended by the first people of South Chicago. WELL KNOWN CITIZEN DIES. LaPorte, Ind., Jan. 14. Frederick A. Turnbull, one of the city's leading manufacturers, a member of the firm of Mills & Scott company, died yesterday morning, aged 57 years. WAR BEGUN AGAINST CUPID. "Wanted Woman about 30 or 35 years of age, with absolutely no idea or present intention of marrying." Thus does the Central Union Telegraph company register a "kick" against cupid at Newcastle. The entire blame for this advertisement is charged against love. Inroads into the force of "hello" girls at the exchange have been so frequent and persistent that the office was almost in a state of disruption. During the last , two years the manager of the exchange, John Monticue, has had his hands full keeping a force of girls in the office to answer calls. SALOON MAN PUNISHED. New Albany. Ind., Jan. 15. Joseph Webb, who persisted in selling intoxicants at Greensville, after a general a remonstrance against tha traffic had!

become effective in Greenville town

ship, entered a plea of guilty yesterday in the circuit court to twenty lnctments. He was fined $50 and costs in each indictment, aggregating $1,200, and was sent to jail for thirty days MBS. CALDWELL FREE; IS COMING HOME. Woman Accused of Murder Is Acquitted After Three Trials Home In I.a Porte. LaPorte, Ind., Jan. 13. Mrs. Anna McPherson of Union Mills has received information of the acquittal at Salena, Kan., of her sister, Mrs. Caldwell, who has been three times tried for the murder of her husband. Two juries dis agreed and the third acquitted. The liberated woman will now come to make Mrs. McPherson a visit and . recupera te from her long strain. Mrs. McPherson in her anxiety over the prospect of a death penalty in the case has suffered r.everely in health, but now anticipates a rapid recovery in the Joyous reunion about to occur. Caldwell, a wealthy man, was killed with an ax one night at his house when he had a large sum of money in his possession and the wife was accused of the crime. The evi dence was circumstantial and the case was fought hard on both sides through three trials. HELD UNDEB S1.500 BONDS. ' John Ileilley Arrested for False Pre tences Will be Tried Jan. 15. (Special to Lake County Times). Whiting, Ind., Jan. 15. John Rellley who was arrested by Constable Charles Miller for securing money under false pretenses, Avas given a hearing Satur day and placed under $1,500 bonds, to appear today. ine Donas were fur nished by James Donegan and Tom O'Connell. Reilley secured $100 from Thomas Wiley, who keeps a saloon at Roby, saying he was sent to borrow it for Caleb L. Dougherty, foreman of the glucose works at Roby. Mr. Wiley not questioning the man's honesty, gave him the sum, and when he found that Mr. Dougherty knew nothing of the money, a search was begun for Relllej;. When arersted Rellley admitted he had spent it for his own use. AN0THEB B. & 0. CATASTB0PHE. Chicago Express Collides With Switch Engine at Allison Park, Pa., and Engineer Is Killed. (Special to Lake County Times). Pittsburg, Pa., Jan. 15. Chicago ex press jso. 6 eastbound, running on the Pittsburg branch of the Baltimore & Ohio railroad, collided with a heavy switch engine today at Allison Park, Pa. The B. & O. Chicago express eastbound, when rounding a curve in the road, struck the switch engine. C. W. Myers, engineer, living at unicago, was instantly killed. Fireman Lewis, also of Chicago, was fatally injured. WITH THE EDITORS. The Ice Question. It may seem strange, in the middle of winter, to remind the people that summer Is coming, and with it the eternal ice problem. But the Philadelphia Press tells us that W. N. Oler, president of the American Ice Securities company, recently said in New York that the ice trust was already organlz ed for "business," and not "for its health," and that it would charge what it pleased for ice. And then the Phila delphla Press proceeds to read the law to Mr. Oler. It says: "If a man or a corporation deals in a commodity of public necessity, like ice, the law limits it to a reasonable profit. It cannot take advantage of the necessities of the community. It cannot suppress competition by a com blnation among dealers. These things In the common law are all crimes in man or a corporation producing, owning or selling a public necessity. Such a dealer is in business under the law not for 'business,' but in the last analy sis as to the price that can be charged and the profit that can be made 'for health,' not his own, but the public weal." Indianapolis News. Between Trains Knights Errant. In times of olden chivalrle, Sir Hugh, incased in armor, Would ride full tilt at roguerie, Or passing set a damsel free, And slay the churl who'd harm her! Today in reportorial guise He falls on Sin, to smite it. His chosen quest and enterprise Ramineth still with eagle eyes To see a wrong and write it! New York Times. Good for That. Young Father (at department store) I don't know exactly what to ask for, but I want something for the baby to cut its teeth on. "New Salesman You'll find the files in the hardware department on the sixth floor. Glasses Show Affiliation. A Berlin journalist has been taking a census of the short-sighted members of the reichstag, and he finds that out of 397 deputies 105 use glasses. Party politics may be determined, according to the German statistician, by the kind of glasses affected. The eyeglass, he declares, marks the Anglophile and is rarely seen. Spectacles are very popular and are generally worn by the party of the center. The pince nez seem to indicate socialism and revolutionary tendencies. Remember Good Deeds Only. When a man does a noble act, data him from that, forget his faults, let his noble act be the standpoint from which you regard him. There is much that is good in the worst of men. Dr. Bellows,

Stocks Grain and Provisions.

Latest Movements in Industrial Centers, by Exclusive

NEW Y0BK LETTEB. j New York, Jan. 15. Sentiment on the stock exchange this morning seemed less bearish than at the close last evening. Consequently the stock market opened a shade higher throughout the list with the professional traders inclined to buy such stocks as Atchison, St. Paul, Union Pacific, Southern Pacific. Rearllns- Prmnor nnd Bal timore & Ohio for a turn at least. The largest trade was centered in bt. Paul which was bid up on the shorts from 154J4 at the opening to 156?i. There is undoubtedly an unwieldy short interest in this stock, further more the ability to borrow the stock is not so easy as it has been in the past. It is believed in well informed circles that the Standard Oil crowd are behind this manipulation in St. Paul and they are using this issue as a market leader to lirmldate some Of their other holdings. Of the other higher priced shares, Northwestern was the feature. It had an extremely weak undertone from the opening, which was around 197, selling down to 191 at the close. Dissatisfaction is expressed in a great many quarters over the possibilities of an additional increase of stock which will be distributed in the way of rights to the present stockholders at par. It Is figured that the rights will be worth something like twenty dollars per share. This fact, however, should only be a temporary bear argument on the Northwestern as it is the smallest capitalized road in the west. The new issue of stock will be readily absorbed by the believers in this property. In the late afternoon, Copper showed a weak undertone based on a report that it would issue additional stock to take over some of the Ryan-Cole copper mines to strengthen the com bine, thus preventing any serious break n the metal market. The market on the whole closed irregular, losses in some quarters and gains In others. NEW YORK STOCK MARKET Descpt. Open Atchison ...106 High Low 106 133 44 118 151 87 73 119 85 80 17 107 134 45 119 152 87 74 119 8 6 V4 814 17 53 56 38 24 191 130 36 . 73 l 42 75 65 86 30 61 Am. Sugar . . 133 $ Am. Car ... 44 ?i Am. Cop ...119 Am. Smelt 15H4 Am. Ice Scs 87 Am. Locom 73 &i B. & O. ...1191 Biscuit 85 iirook. u. T. e l C. & G. W. . 17 55 Va . . 38 244 1904 129 3; 38 73 4 Ha 74 4 65 86Vi Ches. & O. . . 53 55 38 A A , C. F. & I... Col. South Corn Pdts . 24 191 130 36 73 42 75 65 86 80 61 143 159 181 81 40 89 73 131 90 46 39 97 136 56 40 99 28 Canad Pac Coast Line Cent. Leath 189 129 36 73 41 74 64 36 29 61 142 157 179 80 40 88 73 130 89 46 39 97 135 56 40 98 28 62 51 95 31 154 58 45 35H 179 49 106 17 36 25 Distillers ... Erie com . . Erie 1st ... Erie 2nd . . . Interboro . . . K. C. S. com Do pfd . . . 29 61 L. & N. Nor. Pac .142?; .158 143 159 Great Nor .1" 9?i 182 82 401 90 73 132 90 46 40 97 136 56 40 99 29 ' 62 51 96 31 156 60 47 85 181 49 106 18 36 25 Gt. Nor Ore 80 a; 40 88 a; M K & T cm Mis Pac ... Nat. Lead . N. Y. Cent Nor. & W. . . Ont. & W. . . Pac. Mail . Peoples Gas Pennsyl . . . Press Steel R. I. & S. Do pfd . R. Isl. com Do pfd . . Rubber . . . South Pac . So. Ry. com St. Paul 13H4 90 4 6 40 974 56 V 40 98L 284 62 51 954 31?i 62 51 31 155 60 45 35 180 49 II 50 .15414 St. L&SW.pfd St L&SF2dpf Texas Pac . 58 47 35 14 Union Pac U. S. Steel Do pfd . Wabash . . Do pfd . Wis. Cent Do pfd . 179 .. 49 14 . .106 .. 17 .. s&y2 .. 25 .. 50 ex-div. 50 50 Reading 2 per cent. NEW YORK COTTON MARKET.

Month OpeA High Low Jan. ...922 928 916 Mch. ...936 947 P31 Mav ...951 962 947 July ...959 971 956 Aug. ...949 957 949

Close 929-30 946-47 961-62 970-71 963-64 GRAIN AND PROVISION MARKET Month Wheat. May . , July .. Corn. May . . July . High 764

Low Open Close 76V 75 75b 4A 3 43a 44 43 43 374 3684 37ub 348 3334 33T6b

761,-4 .43 5 .43 .364 .334 Oat. May July Lard. Jan. May July Jan. Pork. 1610n 1665 1680n 937n 955 960 902b 922 932 .1672-75 .16S0a .940 1675 940 960 962 902 922 933 1662 935 May July Jan. Ribs. May July .957 .962 ro 955 957900 60 .900 .920 .930 915-17 927 CHICAGO LETTER. Chicago, an. 15. WHEAT About tlve usual range of prices prevailed in the wheat pit today. A half a cent fluctua tion ior iuo aay wun pit traders and professionals about the largest operators. There was a little selling emanat--a9 - e 1 . ea iroiu mmneapoiis, persumably profit taking; this selling resulted in a de cline 01 inree-eignts of a cent, later the market regained the lost ground and closed at about yesterday's prices. ine news as a rule was more or less disappointing, it was reported that the cash situation in the northwest was not nearly so strong as bullish traders led the trade to believe. Reports from the southwest Indicate a little better feel ing uieie mr me casn article, sales of 50,000 bushels being made at close to the Chicago May price. xv- cirung eariy in sympathy with the strength in the other grain pus. liui idler easea orr losing part of the early advance. The trade In corn is not large and the outside pub lic seems to Ignore this market entirely The cash situation is reported stronger today. Exporters were In the market for the better grades of corn at tne ciosa to a workable basis. Cash

sales were 75,000 bushels. Corn in the sample market about a quarter of a

cent higher. OATS The strongest and most ac tive market of any on exchange. The May option entered new ground, selling up to 37 i . One of the more prominent bull operators who has a large line of oats and added to his holdings to day was the conspicuous buyer. In addition to this, shorts showed some nervousness over the situation and their efforts to buy in resulted in maintaining their contracts a fair advance for the day. It is believed by the best posted operators in the trade that the oat crop will prove considerably shorter than the government's figures estimate it and furthermore the cash demand is so good that all offerings are readily obsorbed. The close was strong. SOUTH WATER STREET MARKETS. Chicago, Jan. 15. The butter market is unsettled. The break in prices Saturday came as a surprise to the trade. Dealers in general were of a belief that a decline was forthcoming in the near future, but they little suspected that such a radical move wras to be made. The demand was only fair, the retail trade having no knowledge as yet of the reduced prices. In poultry a better feeling prevailed. Dressed beef was in better demand at firmer prices. Quotations on round lots ranged: Butter Recipts, 3,977 tubs. Extra creamery, jobbing, 28c; price to retailers, 30c; prints, 31c; firsts, 250270; seconds, 2l22c; June extras, 27c; dairies, Cooleys, 26c; firsts, 21$f23c; renovated. 23c: nnrklni? stock. 17A(ffi 18c. ' ' Eggs RecelDts. 3.564 cases. Fresh stock at mark, new cases included or cases returned, 2l2$c; firsts, 23c; prime firsts packed in whitewood cases grading 60 Der cent fresh stock. 24c: extra, 80 per cent fresh, packed for city trade, 26c: storage stock. 19020c. Potatoes Receipts. 75 cars. Wis consin, Minnesota, white stock, choice, 3840; choice to fancy, Michigan, 40 4lc; red. fair to ecood. 36(a37c: mix ed, red and white, 35 36c; common, small, red and white, 34(ft35c. Sweet Potatoes Illinois. $2.252.65 per brl; No. 2. $1.251.50 rer brl. veal Quotations for calves in good orcier were as follows: 50 to 85 lbs, 67c; 8 to 85 lbs, 79c; 85 to 100 lbs. fancy, 910; 150 to 175 lbs, good. meaty, bdibftc. Dressed Beef No. 1 ribs, 15c; No. 1 loins, 17 c; No. 1 rond. 7c; ..o. 1 chuhek, 6c; No. 1 plate, 4c. Live Poultry Turkeys, per lb, 11c chickens, fowls, 10c; springs, 9c; roosters, 6c; geese, $5.00 (ft) 7.60; ducks, 11c. Fruits Apples, $1.00(33.50 per brl bananas. Jumbo, per bunch, $1.40 (ft) 1.50 ; straight, $1.10 1.25; lemons, Califor nia, $3.00 3.75; oranges, California, $2.2o&'2.15. ureen vegetables ueets, 4u:g"50c per sack; cabbage, $9.00(o11.00 per ton; carrots, 4060c per sack; parsnips, 75c per tb; spinach, 75c per tub; onions 6575c per bu; turnips, 4065o tub. per C. H. WANZER STOCK AMD BOND BROKER. Stocks Carried on 3 to 5 Point Margin, Nominal Rates of Interest. 333 Rookery Bldg., Chicago. TELEPHONE KARRISOX. 3436. JOHN DICKINSON & GO. STOCKS, BONDS, GRAIN, PROVISIONS. 171 La Salle St, Chicago. New York Office, 42 Baoadwaj. Members Chicago Board of Trade, New York Consolidated Stock Exchange. Direct Private Telephone, Central 5351 Wires Eatt. ' Automatic 4058. Central 5551 LIVE STOCK MARKET. union stock y ards, jan. 15. Hog re ceipts, 28,000; market steady; left over, 2,800. Light, 56. za to b.Du; neavy, 50.25 to 6.57; mixed, $6.25 to 6.57; rough, 6.20 to 6.80. Cattle receipts, 4,500; market slow and weak. Sheep receipts, 14,000; market steady Union Stock Yards, Jan. 15. Hogs closed steady to ten cents nigner. Light. $6.30 to 6.o7; heavy, f6.25 to 6.65; mixed, J6.35 to 6.65; rough, $5.25 to 6.35. Cattle dull; sheep steady. Hogs Cattle Sheep 5,000 6,000 Omaha 10,000 8,000 oKansas City . .13,000 12,000 GRAIN MARKET. Chicago. Jan. 15. ar lots. Wheat, 60; corn, 530; oats, 152. Estimate for Tomorrow. Wheat, 42 cars; corn, 249 cars; oats 81 cars; hogs, 37,000. Total Clearances. Wheat and flour equal 204,000 bush els; corn, 266,000 bushels; oats, 2,000 bushels.

Xorthwest Cars. Last Last Today Week Year Duluth 65 95 354 Minneapolis 146 210 279 Chicago 60 61 37

Southwestern Receipts and Shipments A neat. Receipts Shin Minneapolis, today 152.000 59,000 Last year 276,000 65,00 St. Louis, today 27.000 37,000 Last year 67,000 55,000 Kansas City, today.. 42.000 69.00 Last year 48,000 48,000 Primary Movement. Receipts Wheat, today ... 486,000 Last week 661,000 Last year 630,000 Corn, today 829.000 Last week 1,014.000 Last year 714,000 Shpmnt 214,000 298,000 250.00 323,00 . 522,000 638,000 LIVERPOOL MARKETS Liverpool, Jan. 15. Wheat and corn opened uncnangea. Liverpool. Jan. 15. Wheat closed to 14 lower; corn unchanged to high

Wire to Lake County Times.

WEATHER FORECAST. Illinois and Indiana Snow tonight, decidedly colder Wednesday; fair except snow in southern portion; con tinued cold. Lower Michigan Fair except snow in eastern nortion tonight: decidedly colder Wednesday, fair and continued cold. Upper Michigan Fair except snow near the lake tonight; colder Wednesday, fair. Wisconsin Partly cloudy and colder tonight; Wednesday fair; warmer in western portions. Minnesota Fair tonight, colder in southeast portions Wednesday; fair and warmer. Minnesota Fair tonieht. colder in southeast portions Wednesday, fair and warmer. Iowa Generally fair and colder to niffht: Wednesday fair and warmer in western nortlons. Missouri Snow and decidedly colder tonight; Wednesday fair and warmer in eastern portions. ..orth Dakota Fair and warmer to night and Wednesday. South Dakota Fair and warmer toeast, snow night; Wednesday fair in in west portion; warmer. Nebraska 1 air in east; snow in west portion tonight; colder Wednes dav: snow and warmer. Kansas Snow and colder tonight and Wednesday; snow and warmer, Montana Snow and warmer tonight and ednesaay. HEARD ON THE BOURSE New York, Jan. 15. Professional was the only thing that could be said about the market and the fact that it was narrow no outsiders in it the few that had profits took them at the open ing and when the $25,000,000 issue of Northwestern came out they jumped and then the bears started in again. Northwestern and the 11111 stocks put the market down more than any thing else. No news of any kind, Money was cheap at 3 per cent and the banks since Friday have gained about $4,000,000 but the conservative tone is rather bearish on all stocks. Copper was oil on the gossip or an issue of $75,000,000 to $100,000,000 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 $30,000,000 of money for equipment 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 disturbing factors right now even to make them hold onto their long stock; too much investigation without any reaon 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 it is weak nd sell it on all bulges and apparently do not add much to their lines and seem to scalp tne interest out about twice a week. It looks as if 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 trading affair. In the meantime the best advice is only to buy on a sharp reaction and sell out on any kind of bulge, especially the high priced stocks. Steel was put up by the shorts alone, one big commission house who got wise on the market sold about 20,000 shares at 47 or so and came in early at 50 because money was too cheap at 4 per cent for them to stay short. Southern Pacific was well handled increase will put 96 they for a while on the talk of an in dividend and of rights that the stock up to 110. but at found some profits were being taken by the Insiders and the bears put out a line at once, but just the same this stock should be bought. Atchison was bought and sold by the Berwynd pool all day, apparently simply to keep it active, it did not either gain or lose. I am told they expect money to be normal the balance of this month, and before this week ends they will put Atchison up to 110. Pennsylvania had a weak spell for awhile by selling of Philadelphia houses which supported the stock last week on the break, but I am told by well informed peoDle that the stock is well in hand and will not go much below the present price. New York Central on rather small transactions was put off a couple of points, but the stock was well taken and it is doubtful if this stock will go much below its closing figures, if it does, it is certainly a fine purchase. Reading was again used as a club by the bear traders to help push the rest of the market down, and it did pretty well, this stock is so rapid in its fluctuations that the traders can put It up or down three points on nothing, but you can certainly get some action for your money in it. Ridgely says in the whole, I am bullish on the market, their prices are made to buy stocks on by the insiders and not to sell on. the new issues of the big railroads are not at all bearish and you will soon see better prices this is the time the railroads have to get ready for new business. The shorts have all covered in the market and that is what is the matter, nothinsr else when you take out the shorts this market is bound to fall down two or three points at least, and then it is a buy, but not before. You can buy stocks and make money, but don't forget it is nervous traders market. First National Bank crowd sold a lot of stock thsx b9whV 4H jveelt

and the traders n ..., . .

and did the Barrel "i,uwea mo leader and Northw..r .Chica strong and Southr VT Ajnan waa bought from there ev Was wel1 Ket was the weaken 11 mar will go higher hy think it The beautiful bant . best in a year. oKht". the market up, but in .; ally ut the will have so maiw , ' me.anme u and you can't be m,,,k 7. Shak outs oi a now feci, no matter hovr lust good you can The good people are on the buy. not take stocks lng side, but they will except on recessions. The traders who got so Verv ii iuo iuai ivtri uii luiuea. raw and sold a"y outshort when they did not find side buying come in, they market to go somewhat lower can make a bear turn for so they a scalp only. Unfavorable railroad earnings in all the northwestern rails for January is reported so far this month All the smaller consolidated and coppers are to be the Amaltramito,! will father them all. New Haven railroad will f uv,jiv,vjv in new siock and get entrance in New York subway. an Joseph says: "Buy Southern Pacifia on all drops the earnings are tremendous, money will be easy all month. Don't go short of St. Paul except on good bulges." The stock market is made to look as bad as possible to buy stocks on, money is easy, on all drops buy Atchison, Union Pacific, Southern Pacific Anaconda. J. L. D. rELLS WHAT TIIK ROADS SEED Also the Enormous Sum That th Supply Will Cost. mil then proceeds: "The disparity between the grow th of traffic and the additions to railroad mileage, and the extension of terminals presents and explains the real problem. Tho best judgment of many conservative railroad men in the country is that an immediate addition of not less than 5 per cent per annum to the railroad trackage of the country for, say five years, should be made to relieve the situation and put an end to unreasonable delays in the transaction of business. He says that In addition to the increase of locomotives and cars between lS9r and "each engine and car did much more work, trains run faster, cars are larger, locomotives are more powerful and methods of handling1 the business have so Im proved as to Increase the general efficiency. 'It is in the groat centers that the Inadequacy of terminal facilities prevents the free flow of traffic. The Great Northern Railway company hns thirty-four switch engines In use in the Twin Cities, while only twentyeight engines are used in hauling freight into and out of the same. No additions to equipment and no increased efficiency In operation can take tho place of the imperatively required new trackage and terminal facilities." He says that In the next five years 7,000 miles of trackage should be built, with the necessary equipment and terminal facilities which would cost $75,000 per mile, and the problem Is complicated by the fact that la many cities the area of land for terminal facilities Is not to be had at any price. What is would cost is then 6tated: "The new work, then, would amount to $5,500,000,000 In round numbers, or a yearly average of $1,100,000,000. That Is the sum which should be spent be fore the commerce of the country can be moved properly. It is just twice the total amount of the bonded debt of the United States after the close of the civil war." WHY MATTERS AHE AS THEY ARE Fear of Couflcation Closes the Pursen of Investing Men. After emphasizing the necessity for more trackage and giving more fijrures to show that necessity Hill comes to remedies. He says: "Two remedies must be found. The prohibitory expenses now attached to enlargement! of terminals at many points, and tha absolute lack of available space at any price, may be met by a decentralization of traffic. There must be more point3 for export, more interior mar kets. A fifteen-foot channel from bt.; Louis to New Orleans would so far der to relieve the entire middle west and southwest than any other work that could be undertaken. "It is not by accident that railroad building has declined to its lowest within a generation at the very time when all other forms of activity have been growing most rapidly. The Investor declines to put his money into enterprises under ban of unpopularity, and even threatened by Individuals and political parties with" confiscation or transfer, to the state. This feeling must be removed and greater confidence be mutually established if any considerable portion of the vast sum necessary is to be available for the "First, there must be a realization by the country of the embargo upon business and of the fact that the causa is insufficient railroad trackage. It will require the best thought and bpst effort of this generation ta avert the evil that cow casts its shad ow upon farmer, merchant." manufacturer and Three Killed in This Collision, Leavenworth, Kan., Jan. 15. Th Hock Island express out of Kansas City met a freight train head-on neas worth. Engineer McQueen, Bagjraireuiuu iibu auu a creman, name known, were killed.

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