Hammond Times, Volume 1, Number 190, Hammond, Lake County, 30 January 1907 — Page 4

1

T-MOF, FOUR. THE LAKE COUxNTY TIMES

THE LAKH COUNTY TIMES AN EVENING NEWSPAPER PUBLISHED BY THE LAKE COUNTY PRINTXNO AND PUBLISHING COMPANY... "Entered a second-class matter June, It, HOC, at the poatofflo at Hammond, Indiana, under the Act of Cong-res, March I. lm. i Offloe in Hammond building. Ham mend. Ind. Telephone, 111. CaJeajro Office. Roam 1IS2 Tribune Building, Hugh TT. Montgomery, representative. Term mt Bnbacrlptlea. Yeartf IJ.09 nlf Tearlr tl.60 SlngU Coplea . , 1 cent AD VKHTUI.'VU 11 I !W T S. Tke shrewd merchant aeee to It that Ma newspaper aanouncementa are bright and attractive, that the copy la changed regularly and that the printer has bla display ad In time to ! them the attention they derve.

LARGER PAID UP Circulation than any other Newspaper in Northern Ind. Circulation Yesterday CIRCULATION HOOKS OVEVi TO TUB ' PPOLIO FOIL IXSFECTIOX AT ALL. TIMES. To subscribers. Headers of the Times tare requested to favor the rsariftger2ent by reporting any irregularities in delivering. Communicate with the circulation department, or Telephone 111. IT SHOULD be remembered that the abolition of the death penalty means another phase of the 'indeterminate sentence" which means from two years until such time as the culprit can exercise his pull. The abolition of the death penalty, legally Imposed, would give a fillip to the lynching Industry. DR. WILEY, the germ sharp of the agricultural department, ponderously announces that an oyster is dead one hour after it Is opened. By the came process of reasoning he might fetch up with the truth that a calf is dead one hour after it Is skinned. GOV. SWETTENHAM apologises for having given Admiral Davis the cold shoulder. This may sound rather paradoxical. If you can't see the point, smoke up. KANSAS has abolished the death penalty. Hereafter capital punishment will be compulsion to remain in the state for life. GOV. 11ANLY in his message eays "every fibre in my being, physical and moral revolts" at something or other. Beems to us we have heard that phrase before. POORLY PAID ALDERMEN. The East Chicago councilmen were made the butt of a great many Jokes last Monday when they complained of tho salaries they were receiving in re turn for the great amount of work they have to do, and yet there is a serious Bide to the question which is the best of an argument in favor of the cities and towns law, the spirit of which Is to fully compensate city officials for tha work they do. - An East Chicago councilman receives 100 a year, the honor of representing the citizens of his ward in the munici pal legislative body, the censure of the indignant citizens If his actions do not conform to their ideas of what should be done, and a mention In his obituary of the fact that as one of the city aldermen he was ever solicitous for the welfare of his constituents and a large factor in the- upbuilding of the community. Tliis is all very lovely, but as Coun oilman Walton said, a man can't feed his wife and children on snowballs while he Is making such a reputation for himself. The honor of being a councilman does not appeal to the average man of ability, the salary being $8 per month In return for $25 worth of work does not appeal to a man who Is de sirous of earning an honest dollar and unless, in rare instances in this age of commercialism, a man offers himself as a sacrifice In order that he may be of service to his city, it is almost a foregone conclusion that he has some ulterior motive in seeking the office. It is little wonder then that municipal governments In the United States are a failure and are not only centers but schools of corruption. City councilmen should not only be paid for what they Actually do, but they should be paid well, and if the compensation for such service was ample tlse office would be attractive to a better class of eititens. An aid erman would become an official of some dignity, from the fact that he was well paid. If for no other reason, and in stead of being the laughing stock of the community as some of the councils are In this glorious self-governing country of ours, the trained business or professional man might suddenly lind It Incumbent upon him to serve his community in the Interest of good local government. That the odea should seek the man (em9 tu be an exploded theory. It Is vastly more important that the right kind of a man 6hould seek tha office, H will If ha Is properly pa- fr it.

M ID

Speech of the Hon. Edgar D. Crumpacker of Indiana, In the House of Representatives, Monday, January 21, 1907.

The house having under consideration the bill to authorize tho secretary of commerce and labor to investigate and report upon the Industrial, social, moral, educational and physical condition of woman and child workers in the United States Mr. Crumpacker said: Mr. Speaker: I am heartily in favor of the pending bill, and I hope it will pass without any material opposition. The bill authorizes and directs the secretary of commerce and labor to make a thorough and exhaustive Investigation of the industrial, social, moral, educational and physical conditions of women and children who are employed In shops, factories, mines and other Industrial establishments. The investigation will be one of incalculable value to the country and will no doubt result in the adoption of measures in tho various states for the amelioration of the surroundings of women and children in the Indust ries. Its inlluenoe will be educative, and it will doubtless attract the attention of the philanthropic sentiment of our people toward the improvement of Industrial conditions all along the line. That women and children should be proteoted from the Impositions and cruelties that are inflicted upon them by various avaricious employers in soma parts of the country is a ques tion that will admit of no debate. The problem of child labor particularly is one of the vital social questions of the day, and it is engaging the thought and attention of those who are interested In the welfare of the people. It is impracticable for the states, each acting for itself, to make an investi gation along the lines proposed by the pending bill that will be of any considerable value. They would of ne cessity adopt different methods and standards for their investigations, and It would be exceedingly difficult, if not altogether impossible, to coordinate the results in such a fashion as to enable students of these problems to reach safe and intelligent conclusions. While the federal government may not have the authority to legislate for the states respecting conditions that are purely industrial and local, it may investigate conditions throughout the coun try and give them such publicity as WITH THE EDITORS. Pittsburg Morals. We are still being "advertised by our loving rrienas. a cnicago man might go home and choke his wife to force her to tell what she did with the $10 he gave her the week before last, or a St. Louis man might get drunk at a ball and be carried out into the back yard to bo sobered up in the cool night air, and we would never hear of it. But let a Pittsburg man put the into his mouth next day New have a spasm lighted end of a stogie after 7 p. m., end the York newspapers will over our shocking manners and our shameless immorality. Pictures of both the millionaire and the lady in the case will De printea in me supplement, together with a general review, also Illustrated, of happenings that go to prove tho decadence and degeneracy of Pittsburg society since it was merged and capitalized by J. P. Morgan ana acquired the habit of aping New Yorkers. Pittsburg Leader. The Iron Age. The development of the iron and steel Industry during thel ast quarter of a century is one of the most striking facts of the time. In 18S0 the total output of pig Iron throughout the world was 18,500,000 tons. Of this total England furnished 7,750,000 tons and the United States 4.000,000. Germany supplied 2,500,000 tons. The estimates for last year show a total output of about 60.000,000 tons, with tliis country in the lead ns a producer. Our output approximated 25,000,000 tons, or one-third more than the world's total supply In 1880. Germany increased to 11,750,000 tons and England to 10,250,000 tons. During this time England dropped from first to third place as a pro ducer and the output of the United States increased until now it doubles that of the total of both of its competitors. About 05 per cent of our output is used here at home. The value of the material in its various finished forms runs up into billions of dollars. No comment is required. New York Sun. Muzzle the Press? The Joint postal commission has Just made a report which, to say the very least, is very extraordinary. This commission, which was created by en act of congress and which was supposed to be seeking a remedy for the ills regarding the second class of mall matter, would create a press censorship. It would put an end to the free press and overthrow thereby an Institution fostered by the constitution itself. The first amendment says among other things that congress shall make no law abridging the freedom of speech or of tha press, and this is exactly what the commission hopes to do. In its report it drafts a bill which would limit the functions of newspapers, put the censorship in the hands of government employes and extend a paternalistic guardianship over the counting room by limiting the amount of advertising. The learned commission, comprised of three senators and three members of the houee, might Just as well plan to limit free speech. A report embodying such sentiment Is a refieotioa oa those vrho compose

mm n lainraur-rsn i - , .

I 1 I. J I I II 1 1 1 1 I I I If I I I L m

i . n 1 1 II tin i inii rm il v

UIIILU HVU llLIIU

ED STATES will direct the public mind toward evils that Imperatively demand correction. Public opinion Is the most poweiful remedial factor in our civilization, and evils connected with the employment of women and children in gainful occupations will bo excite publlo opinion and concentrate it upon such evils as to surely bring about wholesome and necessary remedies. The government spends millions of dollars every year for the investigation of economic and commercial questions. Hundreds of thousands of dollars are spent annually to promote better methods of agriculture, to improve stock raising and fruit growing, and several bureaus of the great departments are engaged exclusively in studying the effects of insects upon stock, fruit and farm products and in devising ways and means to extirpate them. If we have money to use in this fashion, It seems to me there ought to be no hesitation in appropriating a sufficient amount of money to make a thorough investigation of the condition of women and children in factories, mines, shops and mercantile institutions, with a view of surrounding them with the best and most wholesome conditions practicable. The glory of our country is not in its army and navy, nor in its great cities, nor in its magnificent industrial institutions, nor in its stupendous aggregate of wealth, but in the freedom and the sturdy, self-reliant character of Its citizenry. The very object of wealth, honor, culture and government Itself Is to elevate the standard of manhood and womanhood. I believe in any policy that will tend to secure equality of opportunity, industrial as well as political, to all the citizens of the land. I believe in any policy mat win tena to promote in a legitimate way a more equitable dia tributlon of the products of labor and capital. Those problems must be solv ed largely by the intelligence and the independence of our citizens, and it is of vital Importance to the future of the country to so surround the children of the land that they be permitted to develop into strong, self-reliant, worthy citizens citizens that may become helpful factors In the elevation of the race. the commission. It shows ignorance of the constitution and American institutions. The report would be laughable wera it not for the fact that the commission is in earnest and takes itself very seriously. When six men draw up such a proposal and do so in all honesty of purpose they are not to be laughed at, no matter how ridiculous are their ideas. A press censor this country? The end of free speech in tha United States? Well, hardly. South Bend Tribune. Raising the Age Limit. Tho Pennsylvania railroad is convinced as a result of experience, that it drew the age limit too close when it fixed 35 years as the age limit at which men may enter the company's employ. It will raise the limit to 40 years for the good of tha service. Expediency has already compelled other railroads that had adopted a similar rule to abandon it in practice. No great business institution can afford to cripple Itself for the sake of an inflexible theory. The predicament the Pennsylvania railroad created for itself was that it could not get enough competent men. Experienced men whom it needed were barred by reason of the 35-year rule. In Instituting a pension system for employes first thought was given to the time of retirement and length of employment and too little attention paid to the im mediate requirements of operating the railroad. A better way would eeem to be first of all to employ men who are capable and then adapt tha pension system to their various conditions. It is absurd to say that a man at 85 or 40 has lost his usefulness because he would not be Justly entitled to a pension of certain size until 30 years later. His value to an employer, whether he is young or middle aged, depends upon what he can do, not upon an abstract theory as to whether he may become pensionable. New York World. Between Trains Cold Storage. "Has my bill Incubated sufficiently to be called up on second reading?" asked Senator Durre. "It's not," answered the chair. "Then I will let It 'set' till tomorrow," replied the senator. "I will say for the benefit of the senator that his bill is being 'laid' on the desks of tha senators at present," replied the chair. Indianapolis Star. Explaining the Commotion. For fear some of our neighbors may think that an unseemly noise in this office during the last week was a disturbance of the peace, hasten to inform the mthat the unseemly tumult was only the effect a subcrlbcr had upon the office force when his remittance for five years subscription reached us and in his letter he did not request his paper to be discontinued. That man is a gentleman after our own heart. Reader, go thou and do likewise. Payment by a subscriber though he is in arrears for many years causes more rejoicing in a newspaper office than the ninety and nine who never pay. Laurel Democrat. Read THE LAKE la hut KBort news. COUNTY TIMES

toe as is

Xiatest Movements in Industrial Centers, by Exclusive

NEW YORK LETTER. j New York, Jan. 30. The stock mar- ! ket assumed an aspect that was on the verge of a panic today. The feverishness which was so discernable yesterday was continued. Trade was on a large scale with prices sagging off in one-quarter while in another they were supported. This measure was adopted by the manipulators in the market to prevent the entire list from becoming demoralized entirely. The report that Mr. Ilarriman was indisposed had a very depressing effect upon the securities in which he is so largely interested. It is intimated that the liquidation in the Union Pacific and Southern Pacific was based on the fears that something serious would happen to him. Union Pacific lost over two points, from an opening around 171 it sagged until tho tape showed 169 at the close. This represents a very big break from the time that Mr. Harriman exercised his great coup by increasing the dividend on Union Pacific to ten per cent and compelling the shorts to buy at a great loss. The Morgan stocks were again pressed for sale on a large scale. Steel common declined two points, the preferred shares held a little better, only showing a decline a point for the day. The continued talk about the steel business having seen the helghth of its prosperity for the coming year will not down and as a consequence holders of these shares are becoming more apprehensive, notwithstanding the report issued by the Steel company yesterday which showed the largest earnings in the history of the company. St. Paul was again well supported, It did not decline but a point during the extreme weakness and finally closed a fraction under last nights prices. Talk of one or two of the minor stock houses being in financial trouble did not help the market any, but these rumors were quickly denied. The market as a whole closed feverish, irregular and weak without further recession more than likely. NEW YORK STOCK MARKET Descpt. Open .1024 . 90 ai 130Va . 42 .112 14 5 High Lowes 9914 129 41 110 142 70 96 Close 100 99 129 41 J11 142 86 70 96 31 115 78 72 15 65 47 34 22 30 Atchison 10214 100 131U 42 112 145 72 97 33 116U 80 14 74Va 16 49 85 . 23 30 '181 12lia 37U Do pfd Am. Am. Am. Am. Am. Am. Am. Am. Sugar Car . Cop . , Smelt Ice Scs Locom Tob pfd 86 72 97 . 32 . Wool St O.. . 31 114 78 72 15 47 Vz 34 22 29 179 120 36 3 6 79 69 33 71 57 160 34 26 56 1341,3 22 164 74 152 35 69 8 6 1,4 66 125 85 43 35 94 129 47 119 34 96 25 58 48 90 25 145 3i 168 42 104 32 16 31 45 82 B .116H . NO 4 in 1. riou uib , . Brook R. T. C. & G. W.. . C. & A. com C. F. & I Col. South Corn Pdts . 74 8 16 6 5 49 35 23 30 1817& 121 Cotton Oil . Canad Pac Coast Line Cent Leath Denver com 180 121 36 36 79 i 71 35 003 794 71 35 72 61 164 3514 264 57 185 23 168 75 1551-4 36 70 69 127 S6 44i,4 36 96 132 50 123 36 97 26 59 49 92 26 1481,4 o 0 i 791,3 Do pfd Distillers s 70 Erie com Erie 1st 34 71 58 163 34 26 56 135 22 164 74 154 36 69 86 68 126 85 43 35 95 130 48 120 34 96 25 69 49 91 25 146 42 31 src 104 33 16 31 46 S2 Erie 2nd ... 6Ui 111. Cent ..164 Interboro .. 85 K. C. S. com 26?i Do pfd . . . 571.2 L. & Nash 135, Mex. Cent .. 23 Great Nor 168 Gt. Nor Ore 7 5'i Nor. Pacific 154 M K & T cm 36 U Do pfd ... 70 Mis. Pac ... 87 Nat. Lead .. 694 N. Y. Cent 127 1 Nor. & W... 85a4 Ont. & W. . . 44 U Pacific Mail 35 Peoples Gas 96 &4 PennByl. ...131s4 Press Steel 49Va Reading ...123 R. I. & S.... 3614 Do pfd . . . 97 Vs R, Isl com 28 Do pfd ... 59 Rubber 4 95s South. Pac-. 92 So. Ry. com 26, St. Paul ...147 12 St L&SF2dpf 42i rexas ra . a 32 171 45 105 3S 17 331,4 46 S3 Union Pac 171 14 U. 6. Steel .. 45 Do pfd ...105 Va Chem .. 83 Wabash .... 17 Do pfd ... 33 Wis. Cent pf 45 West Union 83 Total sales 1,333,200. NEW YORK COTTOS MARKET, Month Jan. Men. May July Oct.

Open High Low Close ...92S 928 916 909-10 ...941 941 916 919-20 ...952 952 930 933-34 ...958 958 938 941-42 ...972 972 959 960-61

GRAIN AND PROVISION MARKET

Wonth High Low Open Close Wheat. May ..78- 78 ' 78 78b July ..77 78 77 78a Sept. ..77 78 77 78 Corn. May ..46H-46 46 45 46 a Julv ..45 46 45 46 a Sept. ..46 46 46 46 Out. May ..38 3S 38 38 JulV ..35 36 35 35-3G Sept. ..32 32 32 32b Lard. Jan. ..1672 1690 1657 1687 Mav ..16S0-90 1722 1680 1717 July ..1715 1735 1715 1732 Fork. May ..967 9S2 965 977-80 July ..972 9S7 972 9S2 Jan. . ,965 .... .... 965 Ribs. Jan. ..957 957 955 955 May ..947 962 947 960-62 July ..957 967 957 965

CHICAGO LETTER. Chicago, Jan. 30. WHEAT Inclined to weakness based on lower foreign markets and a slack cash demand throughout the northwest. It was re ported that the decrease in the stocks at Minneapolis were only 50,000 for the week, which shows that the millers are not grinding or Belling a great deal of the finished product. Reports from the Southwest were rather bullish, a few scattered bad crop scares being among the message received here. The speculative market was narrow, clos Ing dull a little lower than yesterday. CORN Strong and higher. There was influential buying by one of the largest individual operators in this market. Reports from Argentine were

a wis

rain an again bullish Shorts In thi buyers. The on the growing crop. 3 market were anxious May option scored an advance of of a cent for the day. This has been the broadest market for this cereal this month. Indications point to still higher prices. OATS A new high record for the May option on this swing. The feeling is growing rapidly that the oat crop is going to be a very small one. Fur thermore the demand from the actual users has been more urgent than for years. In the speculative market there was a disposition to take profits on the advance. In tho sample market oats were quoted one-half a cent higher. Sales to exporters close to 100.000 bush els. The market closed strong. SOUTH WATER STREET MARKET. Chlcasro. Jan. 8(V ir.m.1 demand existed for both butter and eggs and firmer prices prevailed. There is an cxceDtionallv strnner nisitioii In the butter market. The stock of storage butter is almost exhausted and buyers are compelled to take the fresh at tha prices asked in a good many instances. The supply of fresh is also small. In poultry there was a good trade at yesterday s prices. Fruits and vegetables were sparingly traded in at unchanged prices. Quotations on round lots ranged: Butter Receipts, 3,922 tubs. Extra creamery. Jobbing, 31 c; price to retailers, 33c; prints, 34c; firsts, 27 0 29c; seconds, 21(tt24c; Juno extras, 28 f? 29c; dairies, Coolevs. 27c; firsts, 2223c: renovated, 22 & 23c; packing stock. 187.18Uc. Eggs Receipts, 7,237 cases. Fresh stock at mark, new cases included or cases returned, 22$r24c; firsts, 24c: prime firsts, packed in whitewood cases grading 60 per cent fresh. 25c; extra, high grade, grading 80 per cent fresh, especialy packed for city trade, 26c; storage stock, 21c. Potatoes Receipts, five cars. Wisconsin, Minnesota, white stock, choice, 4043c; choice to fancy, Michigan, 42 43c; red, fair to good, 37 6 39c; mixed red and white, 37f(3Sc; common, small red and white. 35 37c. Sweet Potatoes Illinois, $2.25Q2.75; No. 2, $1.25r 1.50. Voal Quotations for calves in good order were as follows: 50 to S5 lbs, 55,6 80 to 85 lbs, 6ff Sc; 85 to 100 fancy, 9C(?10e; 150 to 175 lbs, good, meaty, 5(5c. Dressed Beef No. 1 ribs. 15c; No. 1 loins, 17 c; No. 1 round, 7c; No. 1 chuck, 6c; No. 1 plate, 4c. Live Poultry Turkeys, per lb, 11c; chickens, fowls, lie; springs, 9c; roosters, 6c; geese, $5.00(7.00; ducks, 11c. Fruits Apples, $1.00(f3.00 per brl; bananas, Jumbo, per bunch, $1.4001.50; straight, $1.10 at 1.25; lemons, California. $3.003.50; oranges, California, $2.25 3.25. Green Vegetables Beets, 40 J? 50c per sack; cabbage, $10.001112.00 per ton; carrots, 35?i60c per sack; celery, $1.25 $4.00 per case; onions, 4065o per bu; parsnips, vac per 1110; spinacn, zui-duc per hamper; turnips, 40 Si 75c per sack C. H. WANZER STOCK AND BOND BROKER. Stocks Carried on 3 to 5 Point Margin, Nominal Rates of Interest. 333 Rookery Bldg., Chicago. TELEPHONE HARRISON, 3405. JOHN DICKINSON & GO. STOCKS, BONDS, GRAIN, PROVISIONS. 171 La Salle SL, Chicago. New York Office, 42 Baoadway. Members Chicasro Board of Trade, New York Consolidated Stock Exchange. Direct Private Telephone. Central 5551 Wires East. Automatic 4059. Central 5551 GRAIN MARKET. Chicago. Jan. 30. Cars lots today Wheat. 16 cars; corn, 36a cars; oats, 131 cars. Estimates for Tomorrow. Wheat, 26 cars; corn, 421 cars; 121 cars; hogs, 37,000 head. oats Total Clearances. and flour equal, 331,000 , 389,000 bushels; oats, Wheat els; corn bushels. bush 39,000 Northwest Receipts Cars. Last Last Year Today Week 7 154 2 5 Duluth 3 Minneapolis ....150 141 253 Chicago 15 Primary Movement. Receipts Ship Whnt. todav 301.000 164,000 Last week 325,000 225,000 Last year 470.000 219,000 Corn, today 1,257,000 705,000 T.nst wpek 547.000 468,000 Last year 769,000 403,000 Southwestern Receipts and Shipments Wheat. Receipts Ship Last year 250,000 74,0u0 Minneapolis, today. .156.000 S2'?S9 St. Louis, today 43,000 32.000 Last vear 35,000 ol,000 Kansas City, today.. 44,000 47,00 Last year 73,000 63,00 LIVE STOCK MARKET T'nlnn StnrU Vnrds. Jan. 30. Hog re ceipts, 42.000; market 5 to 10 cent lower; left over, 6,000. Light, $6.60 to 6. 85: mixed, 6.60 t 6.87: heavv. J6.60 to 6.87; rough, $5.b to 6.70. Cattle. 22.000; market strong. Sheep, 22,000; market steady. Union Stock Yards. Jan. SO. Hogs closed steadv. T.iarht. 16.65 to fi.fiS: mixed. 16.65 t 6.90: heavy. $8.60 to 6.90: rough, $5.6 to 6.70. Cattle steady. Sheep steady Hogs Cattle Omaha .... 8,500 5,000 Kansas Cityl2.000 8,000 St. Louis ..12,000 4,000 Shee 5.00 7,00 1,50 LIVERPOOL MARKETS Liverpool. Jan. 30. Orenine: prices: Wheat, one-eighth to one-quarter lower; corn, one-eighth to one-quarter higher. Liverpool, Jan. 30. Closing prices: Wheat one-eighth lower; corn, oneirhth to one-quarter higher.

a r

Yovisions.

Wire to Lake County Times. WEATHER FORECAST. Chicago and Vicinity Fair and decidedly colder toninht and Thursday; temperature tnnlclit nhniit 5 : liurht ortherly winds becoming southerly. Illinois and Indiana Fair north. now south tnnlehf! dcldidl- colder with cold wave totiiirht: Thursday fair. oiuer south. Lower Michfcnn Voir f-nliltr to ight; Thursday fair, warmer west. I PPer Mirhitr.in Fiilr tonight: inursaay rair. warmer. t PPer Michigan Fair tonight: inursaay fair, warmer. v lsconsin Fair and continued cold onight; Ihursdav fair except snow orth, warmer. Minnesota Fair excent snow north onight. warmer tonight: Thursday now and warmer. Iowa. Soutli Dakota and Nebraska I-air and warmer tonicht: Thursday air except snow west, warmer. Missouri Snow and decidedly colder onight with cold wave central and south; Thursday fair and warmer. North Dakota and Montana Snow and warmer tonight and Thursday. Kansas Fair tonight, colder east to night; Thursday snow, warmer. HEARD ON THE BOURSE New York, Jan. 30. Small shorts covered on the advance, but the larger shorts paid no attention to the market. The banks lost about $3,000,000 so far this week. It Is heard to feel bullish on the market as too many big people have been hurt and have got neither the money nor the courage to try. The market was only a rally on the over-soiu condition, it is aimost sure o go off again. The fellow who bought toeks to prevent a panic periled them out all day at a higher price, is all n fact they have so much stocks to ell they cannot afford a panic. McDonald who bought Union Pacific esterday on the breaks, was selling all day today at 172, every chance he had. Content covered a big line o shorts in Steel, Union Pacific and Reading at the opening. Philadelphia houses that sold such big bunch of Pennsylvania when Mc Crea took Cassat's place, were the buyers of the stock today. Pennsyl ania is m the market again lor more money and on any bulge it is a good sale. Reading is a fine gamble, is all you can say. rso particular Buying on the advance, and it sold at the lowes prices since last July. Traders who were short of it bid it up and Frlck who bought at the decline sold to them. Tho stock is probably worth 120. Outside of that, it is "N-G" ex cept to gamble with. Too many shorts In the Steel Is all that put it up. The government is going to attack it as it did the Stand ard Oil company, and Morgan who sold out at 50 to 47, was compelled to support it for effect at 44 and at 45, let go enough to stop the advance. Union Pacific, they are betting 5 to will not pay its 5 per cent, semi-an nual dividend in February. They only expect 3 per cent. If Harriman was all finished on his investigation and got through all right without going to Jail, maybe they would pay 5 per cent., but they do not dare to at this time. Southern Pacific was well bought. There is hardly any doubt but the stock will pay 2 per cent, next month, or 5 per cent, per annum. The earnings are Immense and it Id cheap at 92 for 6 per cent, per annum, and bo far it looks as if it will continue to do it. Hill stpeks were only bought by the shorts who got afraid of too much com pany on that side of the market. Hill is in Chicago and told friends he would pay a 25 per cent, cash dividend to help them out on Northern Pacific as eoon as Harriman got through, and his friends who have a world of money, are still betting on him. St. Paul was still being taken by Flower & Co. on all recessions and every share of it is going to 26 Broad way. What they are trying to do with it no one seems able to guess, but one thing Is sure, if they build to the Coast the road will land in the hands of receivers. Copper was well handled. The ridiculous story of the hoarding of the metal to make the price higher for the real stuff was so transparent that the street took no stock in it, but started to cover their shorts and, as there was a crowd of them, they shot it up in the air for a while. You can't have more than a rally In the market till they get through with Harriman. No market can bull without his stocks and he is afraid to let them go up as long as they claim they can show he stole $23,000,000 and they have him with the goods on him. Erie was sold by Morgan. The information is that they are not earning the dividend on the second preferred and are in bad shape physically and simply have to have some more money or fall into the soup. N. B. Ream is short the common stock and any one can see what that means. Southern Railway is not earning the dividend on the preferred, stock and sold $15,000,000 of three yearB 5 per cent, notes below par to keep Its roll ing stock from falling apart. They have no competent men on the road and the management Is more interest ed in the tape than in running a rail road; hence its price. The big stick is too much for them altogther. At the gridiron dinner It told the big people exactly where they stood; in the shadow of the Jail; that no railroad stock in the country was any good and no corporation i:i the eyes of the law had a chance to live; they were all illegal and he would show them up to the peopl.

rr

USO Illter fpnillna. accounts of th . . i aiaio commtrcn " the Standard pany to exntw comerable railroad Z ""y lo0r- ,u,ellin M """!0- Tlier are can but else y i iiu rifv K they are it, uiiovrhA - money because they know how to Steel declared the u n, dividend. Morgan ,mM, , 1 r centdo anything else. If VI did If he also stick would hava . " D, on th. h-.i tt " v r" ol.ruc him "i ne wanted he had all now he !9 out the money and company show on oc ..- ..11 three years ago. Tlu-n stocks and no money; of the market and has no stocks. The Steel earnings of 142,000,000 iov oi.miicmj tiiry nave ev gotten out. Money was 2 per cent." today. time onus not oeiow b nor oint .. . on the etreet the Stan,ir . people who are committed to th m.i. - ' Wlil m.. muur, iu j. per cent, and stop run and panic, big stick or no stick, but in the meantime only stocks on eharo brent ,i this tig buy out as eoon as a crofti ta . ROBERTS DALE NEWS Mesdames Arthur Stross and Richard Schaaf were Chicago visitors Tuesday. Mrs. John Buntshuh of boulevard, is on the sick list. Indiana Mr. and Mrs. 11. ivtsehe nf ti0-,i - - -. i i" su" enue, trunsacUd business in Chlcago, Tuesday. August Ruff of seriously ill, and Dr. Dewey. 86 Reese avenue, la under the care of Miss Annie Daugherty of boulevard, is recovering from attack of tonsllitis. Indiana a severe Mrs. John Coughlln of Harrison r.vnue, who has been very sick with pneumonia, is recovering. The Marquette Pedro club meets at the home of Mrs. Edward Freese of 124 Roberts avenue this evening. Mrs. Ltroy Thomas, of Park Manor, 111., spent the day visiting her eistcr Mrs. Harry Goldlng in Harrison avenue. Frank Alarson of Klondike. Alaska, is visiting relatives here, and expect to make this place his permanent home, in the near future. Mrs. Wroods, mother of Mrs. William Aldrich of Roberts avenue, Is in a serious condition, and under the care of Dr. E. M. Welles of Whiting. Mrs. William Eggers of Roberta avenue, left yesterday to visit her brother and sister-in-law, Mr. and Mrs. Frank Smith in Chicago for a few days. Messrs Bertly Aldrich, Charley Kleinn, Walter Market, Joseph Dacey, George Glrman, Herman and Charley Furstenburg, attended tho Calumet theatre Monday evening. THAW THIAL SENSATION Two Jurors Who Had Been Booked Are Excused, for Some Iteason Not ElZSOk Ileflettlns on Them. New York, Jan. CO. The first Llg surprise of the trial of Harry K. Thaw enrae when Justice Fitzgerald, oa th motion of District Attorney Jerome, and with the consent of tho attorneys for the man accused' of the murder of Stanford White, announced that two of the jurors selected in the early days of the proceedings would be excused from further service. "Without any reflection on the Jurymen whatsoever," said the presiding julge, "jurors Nos. 4 and G will be excused." The men in question were Arthur S. Campbell, a superintendent of telephone construction, and Harold It. Faire, a printer and publisher of u pamphlet circulated in Wall street. Faire said he had no idea why he wan retired, and Campbell would my nothing at all. At the end of the session two more jurors had been chosen, malelng tip the loss.. HITS AT OUR C0EH TRADE Swedes "Would Hay the Grain in Ar gentlna and Take It Home in Swedish Vessels. Stockholm, Jan. 80. The National Association of .Swedish Husbandmen has petitioned the minister of agriculture asking for the introduction of a bill In the riksdag that shall give tha association a monopoly in the importation of maize duty free from tho Argentine republic, on condition that thlj product be not used for the manufacture of whisky or 6tarch, and that it Ds brought In on Swedish steamers. The passage of this bill would deprive the United States of the larga trade in maize now enjoyed witlj Sweden. Japanese Naval .Launching;. Tokio, Jan. 80. During the year 1001 the follow'ngwarshipgwill be launched at Japanese yards: At Kuri the battleship Oki, of ir.,000 tons; the armored cruiser Ibukl, of 14,000 tons, end tha second-class cruiser Mega ml, of 3,400 tons. From the yard at Tokosuka there will be launched the armoml cruiser Kurama, 14,000 tons; at Sasebo and Kobe the cruisers Tf?H and Obo, of 3,000 tona each, and at Uraga the torpedo destroyer Kirusukl, of 3SC tons. Will Not DisTiss Swettenham. Washington, Jan. VO. OStfals atths. stpte department refuse to discuss tha report that (Governor Swettenham hai withdrawn his letter to Admiral Davis and apologized therefor. It is point

ed out that the president has taken every means known to him to make it evident that he regards the Kingeion episode as a closed incident, so the officials decline to comment ou it in any phase at this time.