Hammond Times, Volume 1, Number 223, Hammond, Lake County, 9 March 1907 — Page 4

PAGE FOUR THE LAKE COUNTY TIMES Saturday, March

9, 1907.

THE LAKE COUNTY TIMES X2TEVENINCJ NEWSPAPER PUBLISHED BY THE LAKE COUNTY PRINTINQ AND PUBLISHING COMPANY... "atrd ea second-class matter June, SS, 1106. at the postofflce at Hammond, Indiana, under the Act of Congress, March 3, 1878." OSlces In Hammond building, Ham9Jond, Ind. Telephone, 111. Chicago Office. Room 1501 Tribune Building, Hugh "W. Montgomery, representative. Term mt Subscription. Taarly 53.08 Half Yearly $1.60 Single Copies 1 cent

i 1 1 1 . . i . ;

I jrm I prooaDiy enow uurries soutn tonight or T TT7T I F . 77 ,9 & Tf Tjf O 1 1 Sunday; not much change irt temner. Jul V Xj

stocks

LARGER PAID UP Circulation than any other Newspaper in Northern Ind.

culation Yesterday

CIRCULATION' BOOKS OPEN TO THE PUBLIC FOR INSPECTION AT ALL TIMES.

To subscribers. Readers of the Tints are requested to favor the management by reporting any irreguIarties in delivering. Communicate with the circulation department, or Telephone 111.

COUNTY VERSUS TOWN.

The county oouneilmen from the

Bouthern part of the county are deeply chagrined because the representa

tives from the north failed to help pass

the appropriation for $90,000 for ad

dltlons and Improvements to the court

house.

It la claimed by the men who voted

against the appropriation that the peo

pie of the southern portion of the

county do not relaize the fact that the Calumet region Is making such ranid strides that It is necessary to in

come cases anticipate the need of im

provements Instead of waiting until

they are an absolute necessity.

It Is also a well known fact that the people of the southern part of the county do not sympathize with

alms and ambitions of the hustling

neighbors to the north. To hear some of them talk is enough to convince nnv one that the noise and confusion

that la made by this progressive com

munlty nettles them and they prefer to retire to the repose of a quiet country

village. This being true it is suppose that the man pleasure watching the the spreading chestnut

for his recreation "goes

not natural to

who finds his

smithy "under

tree" and who

on Sunday to

the church" will be very much in

terested In. "an effort on the part of

the citizens of the fourth ward to bridge the northern neck of Wolf Lake in order to afford the employes of the

Western Glucose company facilities for

reaching the plant from Robertsdale

and Whiting."

As an example of the lacK or ap

preciation of the possibilities of this region, all of tho councilmen from the

southern townships voted against the

proposition to build a bridge across the river at Columbia avenue. They said It was a waste of money in a portion

of the city where the development of the town did not warrant it. Yet the

recent developments in this portion

of the citv where the Standard Steel

Car company has located show the im

neratlve need for this bridge. It is

the best proof of the fact that Ham

mond must anticipate the necessity for

many of Its improvements. It is likely that next year

bridge will be required between Calumet avenue and Hohman street to accomodate the traffic to the north side and in Hobart and Calumet townships the presence of the United" States Steel

corporation at Gary has made It 1m

Dortant that certain Improvements to

roads and bridges be made.

The people from the north want to know if the people from the south are going to ignore them in the future as they have in the past before they agree to an appropriation of nearly $100,000 for a court house and they want it un

derstood that northern Lake county

eauivalent to a Monroe doctrine is the

understanding that this section shal

profit from the appropriations in the

same proportion as its contribution of taxes. It is generally believed that the old feeling betwen the northern and the southern portions of the county is passing away and there Is no reason why the two sections of tie county should not work together In harmony If all the county councilmen will see things in their proper perspective. The cltitzens of North, Calumet and Hobart townships appreciate the fact that the county seat needs more commodious quarters and if the representatives from the other townships will appreciate the vital importance of such improvements as roads and bridges to the Calumet region they ought to get together.

Grain and Prov

IStOi

Latest Movements in IndcsSrial Centers, by Exclusivo .Wire to Lake Count? Tinea.

nervous

yes-

NEW YORK LETTER. New York, March 9. Ilisrher nHra

from London for American stocks did not have the beneficial ffo n

ocal market that was generally ex

pected. That there Is something of

great magnitude disturbing the gener-

nnanciai situation Is growine more

positive each succeeding day as the

general market becomes

and erratic.

New low prices were recorded in al

most all of the active tradlne- stocks.

The Steel shares were no-ain nrr.arri

for sale by the same class of brokers

as those mention

the cream is off the steel trade is be

coming more Dronounr.,! Tha cnuc

n these shares today was on a eiean-

tic scale. The common Etonir oi.i

.. - - - - - ' J n 1J UU IT It to 37. which represents a loss of thirteen points from the high prices rullnsr

during the last bull wave. The rre-

ferred shares did not display as much weakness as the common; they only

ueeunea about a half noint iimltr

terdays lowest prices.

The selling in the Harriman stocks

was again on a lars-A -aiA

Union Pacific scored another new low

record, selling at 154; from an opening around 156; Southern Pacific declined about a rolnt for th it

is argued in well posted circles that if conditions in any way should dam

age the present crops of irrain to nnv

material extent, the Union Pnclfio

pany could not well afford to pay the fabulous rate of dividends that are at

present in vogue.

Missouri Pacific was one of the

weaker grain carrying roads. It certainly was on the bargain counter during todays session. For a stock nav-

ing an income of 5 and selllner at

0 per share there must be something

wrong with the general situation.

The bank statement was a disap

pointment inasmuch as it did not reflect the large Increase in deposits that was generally predicted. Its effect as a market factor, however, was of small

consequence, prices continued their

downward trend without abatment. The general liquidation which has been

so prominent for the cast week has

not yet exhausted Itself. Until this

depressing influence is removed from

the market, rallies can only be instituted by short covering and higher range

of values temporarily maintained.

Am .Wool .. 2SM. 29 234 28U B. & 0 1042 10614 104Ms 106 Biscuit 79 793 7SI2 791. Brook. II. T. 5 8 5S 56 57 V2 C. & G. W... 13H 13 13 1314 Ches. & O... 422 43V8 42 43Vz C. & A. com 15 . . . . 15 C. F. & I 37 T; 3SU 36 36 Vz Col. South . . 30 9 30 i Corn Pdts 20 Va 20 'i 20 i 20 V2 Do pfd ... 82 S3 82 H S2"8 Cotton Oil . 30 30 2a 30 Canad Pac .172Vs lT3y2 172 173U Coast Line 110 110 1034 109 Cent. Leath 31 U 31 V2 30 31 Denver com 311 31 31 31 Do pfd ... 70 72 70 72 Distillers ... 71 11V2 Erie com ... 29 29 2 9 2:U Erie 1st ... 64 64U 634 64 U Erie 2nd ... 49s4 50 49 49l2 Interboro ... 26 26 25 3 25 V2 K. C. S. com 25 25 24 24 Do pfd... 53 53a4 ;i2"j 53 L & Nash ..11914 120 118 119 Mex. Cent 20 20 19 19 Great Nor 150 151 149 149 Gt. Nor Ore 67 68 67 63 North Pac ..137 137 135 130 M K & T cm 39 39 3S 38 Do pfd . . . 63 68 66 66 Mis. Pac ... 72 72 69 70 Nat. Lead .. 64 64 63 63 N. Y. Cent 119 119 118 119 Nor. & W... 79 79 79 79 Ont. & W... 39 39 38 39 Pacific Mail 27 . . . . 27 Peoples Gas 90 90 S9 90 Pennsyl. ...124 124 123 124 Press Steel 41 41 41 41 Beading 121 123 120 123 K. I. & S 26 26 25 26 Do pfd ... 94 94 a4 93 93 u R. Isl. com . 22 22 21 21 Do pfd ... 51 51 50 60 Rubber 46 47 46 47 South. Pac 83 84 S3 84 So. Rv. com 21 22 21 22 St. Paul ...141 142 140 142 St. L & S W 21 21 20 20 St L&SF2dpf 38 38 37 37 Texas Pac 30 30 29 30 Tol. Ry. & L 26 26 V, Union Pac 156 156 154 155 U. S. Steel .. 38 38 37 37 Do pfd ... 99 100 99 100 Va. Chemie 29 29 2S 28 Wabash 14 14 13 13 Do pfd ... 27 27 26 26 Wis Cen pfd 40 . . . . 40 Wes Union 80 S0 S0 80 Total sales 839,600.

July Sept Outs. Slav July Sept Lard. May July Pork. Sept IUbti. May Julv Sept

.46

. 4 2 s .37 32 "

46 47 4238 33

46 46

37 32

46 a 4 6 b 4 2. 37 a 32a

.1657 .1675 .965 .970 .977 .930

.935-.940

1662 16S0 967 972 9b0

930 35-37 935-940

1647 1662-65 952 9 6 0 965 915-17 92 2 927

1650 1667 952a 960a 965 915-17 ii 927

PRODUCE MARKETS.

robably snow flurries south tonight or unday; not much change irt temoera-

ture. Iowa, Nebraska Probably showers or

snow hurries tonignt and Sunday.

North Dakota Partly cloudy tonight and Sunday-. South Dakota Probably snow tonight and Sunday; not much change in temperature. Montana Probably snow tonight and Sunday. Lake Michigan Light variable winds shifting to northeasterly by Sunday morning: generally fair weather.

March 9. Hog 5c higher; left

Union Stock Yards.

receipts, 9,000; market

over, 2,000.

Light. S6.S5 to 7.0:

7.05: heavv. S6.70 to

10 o.sa.

Cattle rppitits. 200: market unchang

ed; sheep receipts, 1,000; market unchanged.

H. WANZER

STOCK AND BOND BROKER.

Stocks Carried on 3 to 5 Point Margin, Nominal Rates of Interest.

333

NEW YORK COTTON MARKET.

NEW YORK STOCK MARKET

Descpt.

Atchison . .

Do pfd .4 Am. Sugar Am. Car . .

Amal. Cop. Am. Smelt

Am. Locom

Anaconda ,

Am. Tob pfc

Open High Low Close . 91 93 90 93 .96 . . . . 96 .125 125 121 123 . 39 39 38 39 103 103 101 103 .132 133 131 133 68 68 67 68 . 66 66 65 66 I 94 94 92 93

Month. Open High Low Close Mch. .. 980 980 977 9S0-81 May .. 999 999 991 995-96 July ..1005 1005 997 1001-02 Aug. ..1005 1006 1002 1004-06 Oct. ..102 1026 1022 1025-26 Dec. ..1034 1050 1045 1032-33

HANK STATEMENT. Reserve Dec. $ Reserve less US... .Dec.

Loans Dec. Specie Dec. Legals Dec. Deposits Dec. Circulation Dec. New York, Saturday, March

1,068.925 1.775,250

12.228,700 3.608,500 2.834.100 18,542.700 505.900 9, 1907.

Chicasro. March 9. An easier feel

ing prevailed in the market for but ler and prices wt-re oil 1 c. The de

mand of late has fallen off. while ar

rivals haves hown a decided increase. There is also a large accumulation of lower grades of creameries, which dealers want to clean up. Trading in eggs was good at the present level of prices. There was a good trade in poultry and values were firmly held. Quotations on round lots ranged: Butter Receipts. 4,479 tubs. Extra creamery, jobbing, 31c; price to retailers, 31c; prints, 32c; firsts, 2Sfi29c; seconds. 22 1 25c; renovated, 24 ti 2 do; June extras, 30c; dairies, cooleys, 29c; tirsts, 25c.; packing stock, 19ftt20c. Eggs Receipts. 13.632 cases. Miscellaneous lots as received from the country, cases returned, 15c; cases included, 16c; firsts, packed in white wood cases, grading 70 per cent fresh. 16c; prime firsts, packed in white wood cases grading 85 per cent fresh. 17c; extra high grade stock grading 90 per cent fresh, especially packed for citv trade. 18e.

Potatoes Receipts, 4a cars. isconsin, Minesota, white stock, choice, 42 'd' 4 4c; choice to fancy, Michigan. 42 ci'44c; red, fair to good, 39(a40c; mixed red and white. 39(f41c; common.

small red and white, 37u3Sc; sweet potatoes. Illinois. $2.25 !ft 3.00 per brl; No. 2, 51.25 (t 1.75 per brl; new potatoes, $ 3.00 (n .8.00 per brl. Veal Quotations for calves in good order were as follows: 50 to 85 lbs, 6fo7e; 80 to 85 lbs, 7(t8c; 85 to 100 lbs, fancy, 9rfl0c; 150 to 175 lbs, good meaty, 5(U5e. Dressed Beef No. 1 ribs, 15c; No. 1 loins, 17c; No. 1 round, 8c; No. 1 chuck, 7c; No. 1 plate, 5c. Live Poultry Turkeys, per lb, 10c; chickens, fowls, 12c: springs, 12c; roosters, 7c; geese, $5.00 (U; 7.00 ; ducks, 12 c. Fruits Apples, per brl, $1.50(T?4.00; bananas, jumbo, per bunch. $1.4011.50; straight, $1.10St l.25; lemons, Cal., $2.75 (V3.50; oranges, Cal., $1.753.15. Green Vegetables Beets, per sack, 50c; cabbage, $2.502.75 per brl; carrots, 50 fa 75c per sack; celery, $2.25 ffp 4.50 per crate; onions, 50c ft $1.25 per bu; parsnips, 75 95c per sack; spinach, 75 It' 95c per hamper; turnips, 4 0 (Tt) 65c per sack.

Rookery BIdg., Chicago. rc wpir wjopicpv. sin1;.

GRAU1 AND PROVISION MARKET

Month. Wheat. May . July . Sept . Corn. May .

Open. High. Low

.77 .78

.78 -79

.47

78 79

1 -8 18 3

47 47

Close 7 7 a 7 8 78 -79 47

JOHN DICKINSON & GO.

STOCKS, BONDS, GRAIN, PROVISIONS. 171 La Saila St, Chicago. New York Office, 41 Baoadway. Members Chicago Board of Trde, New York Consolidated Stock Exchange.

Direct Private Telephone, Central 5581 Wires East. Automatic 4058. Central ?S51

GRAIN MARKET. Chicago, March 9. Car lots today

Wheat 25 cars; corn 348 cars; oats 171

cars; hogs 9,000 head.

Total Clearances. "Wheat and Hour equal 380,000 els; corn 602,000 bushels; oats bushels.

bush-9,000

Usllnintt-H for Monday. Wheat 2'J cars; corn 564 cars; 249 cars; hogs 43,000 head.

WEATHER FORECAST.

Chicago and Vicinity Fair tonight probably becoming unsettled by Sunday night; not much change in temperature; minimum temperature near the freezing point; wind shifting easterly. Illinois, Indiana, Missouri, Kansas Probably showers tonight and Sunday; slightly warmer tonight. Lower and Upper Michigan, Wisconsin, Minnesota Partly cloudy with

Northwest Receipts Car. Last Today Week Duluth 10s 76 Minneapolis 20S 155 Chicago 25 23

oats

Last Tear

294

Primary Movement. Receipts Wheat, today 564.000 Last week 417,000 Last year 428,000 Corn, today 622.000 Last week 674,000 Last year 379,000

fcnpmnts

195,000 182.000 184.000

718,000

600,00

414,000

STOCK MARKET.

mixed, $6.85 to .05; rough, $6.70

Omaha 5,500

lvansas City . St. Louis

4.000 3,600

Cattle 100 1.000 800

Sheep 600 500

Union Stock Yards. Mnrch 9. HoKS

Closed strong to 5 to 10c hiarher.

Light. $6.i0 to 7.10: mixed, $6.90 to

lo; heavy, $6.75 to 7.10: rough. $6.7;

to 6.85.

Cattle closed unchane-ed sheen clos

ed unchanged.

ings. Thirty-three rnnrt frt.H

week of February show average

t earnings 262 262 .Wr..,,. 10

uuaitiiti BIOCKS O 7(5

0 active railroads

crease.

per cent

1-50 per

decrease; cent de-

Wa understand the

merce commission

suit be

Pacific from

interstate com-

recommen.u .v..

rought to divor

Lnion Pacific.

i i I It I - I 1 r t; )l

The professional

Deansh as ever.

CHICAGO LETTER.

Chicago, March 9. WHEAT Senti

ment in tho pit this morning was pro

nouncedly buiiisn, based on a few con

firmations of the bad crop reports which

emanated from sections in the south

west. Rarring this teature, the news

was more or less bearish In tone.

With the receipts in the northwest

considerably larger than a year ago;

foreign markets ignoring our advance

of vesterday and a disappointing cash

demand, prices and traders generally paid little hoed to these bearish factors. Crop damage reports were the all-absorbing topic upon the floor of the exchange. Them arket scored a gain of a full cent for the day.

CORN Dull, narrow market; a little sympathetic strength was displayed on account of the upward tendency of the wheat market. Prices swayed back and forth within a narrow range, the entire lluctuation for the day comprising but three-eighths of a cent. News in a general way was neutral; nothing important or startling to cause any changes in speculative values. Tho market closed steady to firm. OATS Rather reactionary in tone. The market seemed to meet with considerable profit taking by the longs around 43 cents for the, May option. Cash situation unchanged from yesterday; the brisk demand for oats con? tinues both for domestic consumption and foreign account. The market closed steady.

element seem

ly selling by commission houses

1 unve was at t

. wiiiuiun, w jiero the bull

J.ul. sl0cK is, however

. -. .. v...v.iUUlt.u ana

V .7 . aKe much impres sion, while it rallies on smaller volumes of business. The Morgan houses have been picking up a lot of stock lately without making any ostentatious display of buying orders.

ear-The

account owever.

requires

HEARD ON THE BOURSE New York, March 8. American stocks in London weak with a few excep

tions, mostly one-quarter to one below

parity. London market generaly depressed under influence of decline in New York.

Southwestern Receipt and Shipments Wheat. Receipts Shlo. Minneapolis, today ...316,000 73.000 Last year 285,000 69,000 Kansas Citv, today.. 81,0o0 89,000 Last year 29,000 4 3,000 St. Louis, today 30,000 59.000 Last year 39,000 38,000 LIVERPOOL MARKETS. Liverpool, March 9. Wheat closed one-eighth to live-eighths higher; corn, one-eighth to three-eighths lower.

U. S. Steel mills are running to utmost capacity and unfilled orders nearly equal those of Dec. 31, last.

Heavy loss in January net earnings

may affect decision of Southern Rail way preferred dividend.

London expects stiffer money rates next week on account of Japanese loan on Monday and fortnightly settlement.

Railway Steel Springs earned over 5 per cent on common stock after extraordinary expenditures out of earn-

Open

avings

Account

WITH

Til ill

4JI

Saving Money is largely a habit. Everyone can save something. Don't wait for a large amount to start the account Make up your mind now. THE LAKE COUNTY TIMES wants everybody to get the habit' of saving and therefore

will open an xiMn rxww a ip for all its A ui a ABSOLUTELY FREE.

VHllCr UJl-LtE readers in str? 1 ViliVrkUV The

account o f

results will surprise you.

We pay 3 per cent Compound Interest.

OPEN AN ACCOUNT TODAY.

FREE

(lflfi

yl f tf L(l

WITH THE AUTHORS. The collection of the letters of Queen Victoria which Viscount Esher and Mr. Benson have edited will be Issued in three volumes. A special edition de luxe for King Edward's use will be prepared and it Is understood that ho wishes to present copies of it some of tho reigning monarch3.

This is Our Proposition

Free

For every paid up subscription to this paper for 18 MONTHS the Lake County

. Times will open an account of ONE DOLLAR for its readers with The First : National Bank of East Chicago. This offer is open to all old as well as new subscribers. Now is your opportunity. Get busy and let us place $1.00 at the above Bank for you or your favorite child, or if you have an account at this bank let us add $1.00 to it, that will help your account grow. The First National Bank of East Chicago is a strong institution having a Capital of $50,000.00 Surplus $10,000.00, Q. J. BADER, pres't J. Q. ALLEN, Cashier Any further information in regard to deposits, etc. can be had at the bank or telephone 111 Hammond.

Town Topics continuance of

wiin a lair

said: "Wo. look for a the irregularis- tod.iv

- j recovery in the issues.

which should respond to .a favomhla

bank statement outlook. We advise

"""" conon on bulges as the

poet is for a large movement.

pros-

Financial Bureau: 'Money conditions are held in their present shape by the postponed corporation demands for funds. Rut there can be no question that the financial and security situations are much cleared. It is the uncertainty involved as to the benefits of a trade reaction and the latter's extent that prevents us from going on record that absolutely the worst is over."

Liciuidation seems to continue without halt, and notwithstanding the occasional rallies largo blocks of stock are thrown on the market and everyday some new security makes a new low record. In fact, prices aro getting to such levels that have not been seen within the past six years. There is no support except from the short interest and the moment that this buying power ceases prices again decline, and the bear element seems to be bent on forcing values lower. Little can be said on such a market as all good news has no effect.

Dick Bros.: "We are inclined to look for a great deal of Irregularity during the next few days rather than any sustained movement in one direction or the other."

T. A. Mclntyre & Co.: "We would rather adhere to scalping position on the bull side than to continue to follow the bear movement, as everybody else now seems to be doing. We are entirely out of sympathy with the panlo talk now discussed on all Bides."

J. S. Bache & Co.: "It is extremely difficult to diagnose the situation, and we would advise caution in making committments until a more definite tendency is apparent."

Watson & Co.: "The monetary situation should be naturally greatly Improved by the liquidation that has been going on for several days, though its beneficial effect will not be felt Immediately."

Chandler Bros. & Co.; "We said in our letter three months ago that we believed stocks Bhould for some time be only handled with antiseptic gloves and with such exhibitions as are given by the favorite Morgan Issues now the advice would still seem to hold good."

I advice caution and rather advise the sale of stocks on any rallies, but not on declines.

In first ten minutes J. J. Manning had bought 20,000 shares of Steel common. The idea that he was covering shorts was encouraged, but may not be exact. He got the etock rather easily.

Missouri Pacific sold off 5 1-2 points in the first twenty minutes on a few hundred ehares. There was a thoroughly bad market for the etock.

County Times

I P r.-iiirTninii'i.nrtft mm iMTrrtlsMi "ir-:Tr"- -"Jt- '

Subscription Received at the FIRST NATIONAL BANK, EAST CHICAGO.

S1.00FRE

On the way down from present prices it Is thought that there will be an Increased amount of Investment buying, and that when the liquidation has run its course there will be a sharp rebound, followed by a long period of dullness.

The subtreasury lost $210,000 to the banks yesterday, but since last Friday has gained 1838,000 from the banks.

It's anybody's guess, but I think

buying for rallies carries a good deal of danger with 1L

All grades of copper today were ad

vanced from one-eighth to one-quarter of a cent. Lake was up one-quarter cent In the asking price at 25 3-4.

Electrolytic was up one-eighth cent

In both the bid ana asKea at zsrgza

4. Castings were unchanged at 24

1-2S 24 3-4.

Southern Railway reports a balance

for six months after charges or

169,959, a decrease of $1, 554,03". In

connection with the statement oi

statement for the six months ended Dec. 31, the following statement was

Issued by the company after the meeting of the directors: "The income statement for thes lx months ende.d Dec. 31, 1906, shows that the semiannual dividend on the preferred stock of the company on the basis of 2 1-2 per cent has been earned and It has been declared." Miller: "Look for lower prices for stocks. I think Union Pacific the greatest tale. I think the big people sold a big lot of it yesterday. The little people were afraid to sell it owing . , . i . . . 111 A A I 1

to the laci mai uicj wwi imve iu ueip pay the dividend today."

Erect further liquidation today and would get out of long stocks la order to buy tack on declines.

Ambassadorial Outfits. Outfits costing from 1,000 to 2.500 are provided for British Ambassadors going to foreign capitals. Tbe sum represents moTing expenses, etc.