Hammond Times, Volume 1, Number 243, Hammond, Lake County, 2 April 1907 — Page 4
PAGE FOUR
THE LAKE COUNTY TIMES Trit'sday, !April 2, 1907.
THE LAKE COUNTY TIMES
A JT EVENING NEWSPAPER PUBLISHED BY TUB LAKE COUNTY PRINTINO AND PUBLISHING COMPANY... 22aterd aa aecond-cl&ss matter June, Si. 196$, at the postofflce at Hammond, Indiana, voder the Act of Congress, March 8. 1879." O0M til Hammond building, HamCaend. Xnd. Telephone, 111.
i
Chicago Of&oe.
rtoosa SSOt Tribune Building, Hush W. tlontf emery, representative.
j Terms of Subacrlptton. ffaarty 93.00 11 Yearly $1.50 Clncl Cftslts .....1 cent
LARGER PAID UP i Circulation
ian any other
Newspaper in Morthern Ind. Circulation Yesterday
p33
f SUmjlATIOX BOOKS OPEN TO THE PUBLIC FOR INSPECTION AT ALL TIMES.
10 subscribers. Headers of the 'Sbica wo requested to favor the cianagtment by reporting any irregutajiks fa deliverinsr. Communicate
vdth tie circulation department, or
XeUp&aiie 111.
WHATEVER IS THE CAUSE?
Ia carelessness or dishonesty at the bottom of the tax delinquencies which have Just been uncovered by Assessor JJscher? Whatever is to blame for the state of affairs as revealed, It Is a bit discouraging to those honest citizens who have paid their taxes without attempt tit evasion and have borne the entire burden of government to contemplate.
If the officials whose business it is to
look after the county and state reve nue have been neglectful of their du
ties, it is scarcely less discouraging than had they been corrupted by prop
erty owners whose assessment, if lev!
f'iln proportion to their wealth should
Have been more than sufficient to pay the.
expenses of governmental adminlstra
tion, had the honest taxpayers been left
put of the tax roll altogether.
AVhatever the reason, the fact remains that for causes which should not
exist, the burden of governmental sup
port has fallen upon the shoulders of
those who could ill afford to bear it,
while those who should stand beneath
the greater weight of the load have
gone free.
A CRAZE for fighting railroads peems to prevail over tho country from President Roosevelt down. The legislature of many states have either
passed or threatened to pass 2-cent-a
mile railroad fares. Stocks have slumped and to cap the climax oomes the promised railroad strike, based upon a demand by the engineers, firemen,
and conductors for an increase of 12
per cent in wages, and a nine hour day. Surely these are tho dayB that try tho souls of railway managers. While some corporations no doubt need curbing, the danger lies in going to
extremes.
PENDING the receipts of the returns,
Jet us pray that the best man may win with a mental reservation as to who
is the best man.
HALF of the inhabitants of the big village at tho other end of the red car line have not been on speaking terms with each other for the past three
months.
. THE ornamental gardners are now
sitting up with their tulips. The frost that came after the first bluff at
Fprlng wrought a powerful lot of harm
to the early sprout.
unmerltable man. Indeed, were he not absolutely without sense of humor he would have perceived his ridiculous inefficiency long ago and would not have Bought to keep it up for another term.
New York Sun.
Stoc.
Iks
G
rain an
VOVlSlOflSi
PIANO
NEW YORK LETTER.
New York, April 2. Despite lower
Placing the Blame. Senator Rayner disagrees with Mr.
Cleveland's diagnosis of the railroad situation, and in his statement ranges
himself on the side of the people, congress and the president. lie says:
I do not think there is any delirium
nor insane denunciation, nor the psy- prices rrom London arter a tnree-day
chology 'of a craze, as the ex-president holiday, stocks upon the local ex
expressed it. What little interests I change showed gains over yesterday's
have and renresent are with the rail- closing prices. Atchison common was
roads, and I am proportionately affected tne leading ieature or a more or less
as much as others bv the decline and strong market. Rumors to the effect
Unuldfttlon that Is trains' on. which is that this stock would be put upon a
worse than a panic, because securities 6 Per cent basis at the regular meet-
recover from a panic, but it takes a tne latter part of this week was long time to recuperate from a dally the bull card. This same rumor has
decline of this sort. But I tell you D?en used upon various occasions pe-
now, and what I say to you I have said fore without ever materializing. Some
to come of the leading railroad presl- very good bulls on Atchison common
dents and officers in the country within a V not so sanguine of an increase in
the last few months, that they are to the dividend rate and rather discredit blame for all this trouble; that they the rumor. In any event, it always are the agitators, and that they are has the desired effect of causing the
the men who are responsible for the shorts considerable uneasiness and
present condition of affairs and that compelling them to buy their contracts
the Innocent investors in their enter- at loss. The range for Atchison today
prise are losing confidence in them, was rather wide, opening at 9iy2. sell-
Neither the president of the United Ing up to 9j and back to 93, then talc
States nor congress deserves the slight- ing another strong spurt up to 94
VOCAL AND INSTRUMENTAL
Latest Movements in Industrial Centers, by Exclusive Wire to Lake County Times.
est degree of censure.
WITH THE AUTHORS.
"To read tho latest book of Henry
James. 'The American Scene,' Is," the
Athenoeum declares, "like tackling one has been rehashed in the past, talk
of those exasperating mizzles called Putting the property upon a divi
All of the traction shares, both In the
east and west came In for a rather
largo and unusual trade today.. Brook
lyn Rapid Transit and Interborough
showed fair gains, the former scored an advance of over three points for
the day. The same class of news as
'mazes,' with a little arbour In the mld-
dend basis. No doubt tho real reason
for the advance ia a large ana un
die and a tangle of ways which all run wieidy short interest which over
up against something, unless you hit stayed their market on the late de
on 'the only way. The things you run cline, seeing their large paper profits
, j. . . . disappearing they have been liberal up against are, of course, connected " r .. .. .
nrUk TIC Tnn... -rwr
win mi. oamoo- mm v"" president Roosevelt's recent an
largely the same thing) his way of nouncement to act liberal with the
thinking. Readers may conceive that railroad officials providing they in
hnvint- mflstAr Ma nnvoi, tuv rn h turn adhere to the law explicitly, has
daunted by nothing more. But in the naa a oeneucmi ui uyu
novels the necessity of narration does tlie standard rauroaa snares, du x ui, sometimes oblige Mr. James to write Union Pacific, Southern Pacific, Read-
almost like the kindlv race of man. mgr. Pennsylvania ana ew
Here, 'story, God bless you; he has tral showed a stronger undertone with
none to tell, sir!' and throughout 463 higher range or values man prevtuieu broad pages there is no oasis in the yesterday. Union Paciflo was the most level, unbroken expanse of Jacobean active and the principal leader in this
style," all of which may be of com- group. It sold up to id ana oacn to
fArt o ni .nrairg o-omonf tn v,t. r-niAy 137 twice riurlnsr the day. showing a
wlio cannot take Henry James at sisrht. broad and active speculative market
A weakening tendency in the can
i - . .
Ivanowski's illustration of "Friday loan money market gave runner lm-
the 13th" is to our country. The paint- petus to bulls, call loans ruiea as low
Ing from which the frontispiece of the as 2V6 and at no time during the ses
book is reproduced will appear first in sion did they range higher than 4 per
Boston and thence will travel west- cent.
ward to be exhibited in the windows The close of the market generally
of the leading booksellers throughout was nervous and erratic and with ev
the country. erything on the list showing gains
with the exception of Canadian Pacific,
The pocket edition of Honore de Bal- which showed a decline of five points,
zac's works have been So successful 1 due principally to profit taking by the
that his publishers are about to issue recent bull party
pocket editions of the masterpieces of
Alexandre Dumas and Victor Hugo.
The translations are unabridged and
the small volumes are printed on light,
thin paper.
M YORK STOCK HHHDEI
Descp.
Atchison ..
Do pfd .,
Sugar
Am. Car . ,
Amal. Cop,
91 14 958 125 Vi 36 9214 122 63i
Anaconda . . 63
Am. Tob pfd 90
- V I i
Brook. R. T. 66 C. & G. W... 14 Ches. & O... 41 C. F. & I... 35 Col. South . 25V4 Corn Pdts .. 19,a
UO piU ... I f "4
The Figaro is the authority for the
statement that between five and six Am,
hundred plays dramas, comedies and
operettas have had Napoleon for their m 'smelt
hero. M. Henri Lecompte has pro- Am: Locom
duced a book on this subjest of some
500 pages under the title "Napoleon et n"' vool 28 Vb l'Eroplra Racontes par la Theatre, 1797- B. & O,..!! 97
1899." Mr. John Hare's nlav of "Nnnn- Biscuit .... 77
leon the Great" opens with the famous
attempt on the life of the First Con
sul when on the way to the opera, December 24, 1800. "The Memoirs of Gen. Rapp" are given as authority for the
rrM. ..vii . 1 1 , t . , m 1 1! , w
oueiio. mesa memoirs wero puuusnea I VJOlton vjii
in France in 1823 two years after his Canad Pac 1S ....... x ,-.. . Coast Line .103
lit1 h in ii mi a. 1 1 .inhiiii iui a I n f ; i r t m 1 in i . . i o.i
. ------ - --- 1 Lent, leaui ai 74
.cngnsn tne same year. Denver com 31
Distillers .. 70 Distillers ... 70 Erie com 24 78
Erie 1st ... 60
tit r n 1 1
n.rie :nu ... 392 Interboro .. 25 s
K C 8. com 24
Do pfd ... 54
a on4.;ni ci; li. & rsash 119
xa. uatunai ony. Great Nor ..130
Gt. Nor Ore 68
Note Senator Shelbv M. Cullom of North Pao 12 1
c
13.008.00 per brl.
veal Quotations for calves in good
order were as follows: 50 to 85 lbs.
63-6c; 80 to 85 lbs. 758c; 85 to 100 lbs, fancy, 910c: 150 to 175 lbs, good
meaty, o'U5c.
Dressed Beef No. 1 ribs, 12c; No. 1 loins, lSc; No. 1 round, 8c; No. 1 chuck
ic; no. l plate, 4c. Live Poultry Turkeys, per lb. 12c;
chickens, fowls, 13c; springs, 12c;
roosters, 8c; geese, 5.00i7.50; ducks,
Fruits Apples, $1.50 Sf 4.00 per brl;
bananas, jumbo, per bunch, J1.401.50; straight, $1.10(1.25; lemons. Cal., $2.75
iii. i o; oranges. Cal., $2.00 at 3.7 o. Green Vegetables Beets. 40o per
sack; cabbage, $1.15 2.00 per brl; carrots, 50(y?70c per sack; celery. $2.00
u.O per crate: onions, ocff$1.2o per brl; spinach, 40co.50c per hamper; turnips, 40(tj75c per sack.
C H. WANZER
STOCK AND BOND BROKER.
Stocks Carried on 3 to 5 Point Margin. Nominal Rates of Interest.
333 Rookery BIdg., Chicago. TELEPHONE KAR31S0K, 3405.
April dividend disbursements mated at $135,000,000.
esti-
THE VERY LATEST
At 18c per Copy. Any Six for One Dollar. Postpaid.1
Dun s review says manufacturers plans are fully occupied in most lead
ing industries.
American Smelting net earnings for year ending April 30 expected to be
near $15,000,000.
Gold to the amount of 800,000 pounds
in London open market Tuesday of
which we shall probably secure a sub stantlal part.
Chicago and other important points report general trade as good as ever,
and in some respects better.
9
S 4
f
3
4f
4
Ji
4
"When the Whlppoorwill Marguerite."
"You Know Who I Love." song.) "Could You Read my Heart."
"Calvary," (sacred song 3keys.
"Dreaming on the Sllv'ry Rio
vjranu.
VOCAL.
Sings, (Walt
the Old Apple
"In the Shade of Tree."
"Skidoo." (big hit.) "Dream of Paradise." "Don't Say Adieu." "Down in the Kverglade." "A Rose." (fine waltz song.) "Marching Wid de Hand."
"I'm Going Right Back to Chicago. "I Like You, Too."
UBi
"Don't Do That."
"D1.w" By the eep Blue Sea." (big "How d You Llke to Re My Beau."
..tr ' v ,, lurxey in tne fatraw." (vocal.)
. T. , V . And thousands more at the I m a Johnnie Mltchel Man." urire. is.. Daatoaid.
t'nll or Write lor Catalogues. INSTRUMENTAL
"Breath of the Rose Waltzes."
The rumor is once more in the air
that Missouri Pacific will cross St. Paul and sell between 150 and 200.
"Dixie Blossoms March."
lola (Intermezzo.)
.Mistletoe valtzes."
la Waltzes."
Tournament."
Yankee Grit" (Abe Holzman.)
"Yankiana March."
- v v ; s r
Si "Sylvl S "The
"Dolores" (Neil Moret's hit) "Young Antelope." "Whisper Waves Waltzes."
And thoiiixands more at the same prtc, lSc, postpaid. T Seud for Catalogrurs. ?
Don't climb for Btocks but be ready to buy them in case of a good set
back. It looks like the rally had about run its course for the present. We thing well of B. R. T. on any weak
ness. Ridgley.
F. M. SPARLING PUBLISHING CO. g 247 Michigan Avenue, near plbuc library HAMMOND, IND. Z
JOHN DICKINSON & GO,
STOCKS, BONDS, GRAIN, PROVISIONS. 171 La S!!e SL, Chicago. New York Office, -42 Baoadway. Members Chicago Board of Trade. New York Consolidated Stock Exchange. Direct Private Telephone, Ceatral 5331 Wires East. Automatic 4058. Central 6531
The strength in the general market was attributed to the moro favorable
feeling amongst speculators at large and also to the contents of a letter which the president is sending to the
Illinois Manufactruers association, in
which he expresses himself rather strongly against any acquisition by the government, as far as railroads are concerned, but he believes the govern
ment ia entitled to have the proper
control of corporations and railroads,
bo that fair treatment Is given to ev
erybody.
GRAIN MARKETS.
Xorthwest Cars. Last Today Week Duluth 205 780 Minneapolis ....834 244 Chicago 12
Last Year 138 484 6
LIVERPOOL MARKETS.
Liverpool, April .2. Wheat opened one-quarter higher; corn, one-half higher.
Between Trains
NOW is tha timo to hone the lawn-mower.
EMPEROR William ia going to send one of his sons to get a Harvard education like the kind that Roosevelt has always used. Hoch der Kaiser!
THE political mudslingers and muckrakers will depart this evening on a well-earned vacation.
IT IS said that Mr. Hearst pays his Mr. Brisbane fifty thousand a year. Mr. Hearst has been yearning for that kind of a job himself for some time.
WHEREVER he is tonight William Jennings Bryan has his ear to the telephone.
WHATEVER the count of ballots will show, wo are not sufficiently optimistic to suppose that the public will ceasa to got it in the same place.
ACCORDING to the railroad editor of the Record-Herald there is no chance for a strike as far as he can find out, and the railroad editor of the R.-H. generally f.nds out much.
WITH THE EDITORS A Hew Ycrk View.
Harriman should be sent to the penl
tentiary for his Chicago & Alton deal
No, Shelby, no! Don.t send him there; 'Twere better Any otherwhere.
You seem to think you know just what
Our Eddie is. But you do not; You do not half realize Tho measurement of Eddie's eize. You talk to Roosevelt like a man Who had some truly moral plan Whioh, if it Ehould be carried out, Would bring the proper thing about. But Shelby, say! The end in view Wont' always pay For getting through. Now, think a minute! If you sent Our Eddie up for punishment To any pen on earth, by cripes!
He wouldn't more than have on stripes
Till every stripe would be a Jino
Which with the others must combine.
They'd all be his, and easy; then He'd set his mind to work again.
Not railroads now would bring him
ease, But widespread penitentiaries, From Maine to California he Would weave with restless energy The merger net, the tie that binds To him whatever Edward finds; And ere you knew he had a hunch He'd have the whole lot In a bunch And make his righteous punishment Pull dividends of ten per cent, Not counting profits on the side Which It were just as well to hide. Say, Shelby, Take a fresh hitch You talk es if You were asleep at the switch. To the pen for Harriman. Scat! Skidoo! There's another guess
Coming to you,
Mis.
Nat.
l'ao
Lead
69 V
Ont. &. W... 37
Pacific Mail 26
Peoples Gaa 90ftt Pennsyl. ...124Va
Press Steel do
Reading ...104ya
R. I. & S..., 26
Do pfd ... Mis
R. Isl. com 22
Do pfd ... 4t
Rubber .... 43s
South Pac 784, So. Ry. com 22 H
St. Paul ...132
St. L & S W 0
St L&SK2dpt 3tf
Texas Pao 28
Union Pao U. S. Steel
Do -nfd . .
Va. Chemic
Wabash
137i.
29H
Do ptd . .. o-4
West Union 81 '4
High Low Close 95 91 Vt 95 H! 95,; 95l,s 95 H 126Ts 12514 18!8 86 ?s 35 78 36 94 9Ua 92; 125 1213 1228 64 62i8 63 64 63 63Mi 91 90 90 Vs 29 28 29 988 97 97 77 Va 77 77 V 59 66 68 14 14 14 41 401,; 40 3512 84 8514 25ra 25 25 19 19 19? 80 79; 80 80 29 30 180 175 175 103 101 102 31 29 4 29; 81 30 30 70 70 70 70 70 70 25 23 25 60 69 60 40 39 40 25 24 25 27 23 26 57 56 67 119 117 118 133 180 133 59 58 69 .132 127 131 36 35 35 64 63 64 75 74 74 60 59 59 119 117 118 77 76 77 38 87 37 26 26 6 91 89ffl 91 125 122 124 ., 35 106 104 105 26 26 26 63 81 82 22 21 21 47 46 46 44 43 44 79 77 79 22 21 21f3 134 132 134 21 20 21 36 So 36 2S 28 28 138 136 137 36 35 36 99 98 98 29 29 29 14 14 14 26 25 25 82 81 81
LIVE STOCK MARKETS.
Union Stock Yards. April 2. Hog receipts 15,000; market steady; left over 2,636. Light $6.50 to 6.80; mixed $6.50
to 6.80; heavy $6.40 to 6.80; rough
$6.40 to 6.55.
Cattle receipts 3,600; prospects
steady, bheep receipts 13,000; weak.
Hogs Omaha 12,000 Kansas City ,. 4,500 St. Louis 10,500
Cattle 12,000 5,000 5,000
Shee
8,00
3,000
2,500
Union Stock Yards, April 2. Hogs
closed quiet. J-iight its. 50 to 6.80: mix
ed $6.50 to 6.80; heavy $6.40 to 6.80;
rough $6.40 to 6.65. Cattle closed steady; sheep weak.
WEATHER FORECAST.
NEW YORK COTTON MARKET.
Month
May
July
I Aug.
Oct.
Dec.
Open
...938 ...945 ...945b ...973 ...981
High Low Close 917 938 989-40 947 942 944-45 958 945 948-49 977 973 974-75 9S5 981 9S2-83
PRODUCE MARKETS.
rhirneo. Anrll 2. There were 15 cars
of strawberries on the marKei. ine berries were of better quality, owing
to the low temperatures prevailing.
and also sold with a greater aegreu 01 freedom at full prices. Produce trade in general was only fair, with supplies liberal and prices favoring the buyer.
Butter, eggs ana poultry som weu m
former prices.
Onotations on rouna tots rangeu:
Hntter Receipts. 4,212 tubs. Extra
creamery, jobbing, price re
tailors. 2lc Prints, azc nrsts. ZJKtzs:
seconds. 2224c; dairies, Cooleys, 27c;
firsts, 25c; renovated, ziirzoc; pacKini
stock, 19&20o.
Kcre-a Keceiots. zo.ia cases, aiis
cellaneous lots as received from the
returned, I4c; cases
"Immediate Ownership" Dunne, mayor of Chicago, wil get his quietus or his reward of want of merit tomorrow. An official chockful of good intentions, no doubt; but in performanco a slight.
pAiin trv. rasps
included. ISCdIaUc: firsts, packed in
W. J. Lampton In New York World, new whitewood cases, grading 70 per
cent iresn, lbc; prime nrsts, putMu
in mhltawnn.l rasca ErrarifnBr Sia Der
The crop of spring poets, unfortun- t fresn extra high grade stock
ately, seem3 a good deal farther ad- eradlng 60 per cent fresh, especially
vanced than the crop of spring chickens packed for city trade, l8Hc. . . 1 Potatoes ReeeiDts. 60 cars; i
this year. Jew Orleans 'liraes-uerao- .., Minnesota, white stock, choice
crat. S5(?t37c; choice to fancy, Michigan, 35
And likewise, unfortunately, not 38c; mixed, red and white, 33 Soc; red
onri white atff?aSc! sweet Dota-
killcd. .'toes. Illinois, I2.23g2.75 per jbrl; No.
Chicago and Vicinity Partly cloudy
tonight and Wednesday; rising tern
perature; winds mostly fresh south erly.
Illinois and Indiana tartly cloudy
tonight and Wednesday; rising tem
perature.
Missouri uenerauy iair tonight and
Wednesday; rising temperature.
Lower Michigan Partly cloudy with
probably rain or snow in north por
tlon tonight or Wednesday; warmer
tonight and in south portion Wednes day.
Upper juicmgan jxain or enow to night or Wednesday; colder In north
west; warmer In east portion tonight.
lsconsin Hartly cloudy tonight
and Wednesday; warmer in south por tion tonight.
Minnesota Partly cloudy tonight and
Wednesday; colder in northeast por
tion tonight.
Iowa Generally fair tonight and
Wednesday, Tising temperature.
North Dakota and South Dakota
Partly cloudy with probably showers
tonight or Wednesday.
Nebraska and Kansas Generally
fair tonight and Wednesday; rising
temperature. Montana Partly cloudy with prob
ably showers tonight or Wednesday.
HEARD ON THE BOURSE.
T. A. Mclntyre & Co. We feel that
we should witness a gradually Improv
ing market and that good stocks If bought in a judicious manner with a good margin on the breaks by bear raids will show a good profit within
the next 30 or 60 days. There is a
large short interest in the market and
it is not likely to be routed easily, and the city banks have $125,000,000 of interest and dividend accounts to finance on April 1. Therefore, we would trade with caution, and not take on more than can be conveniently carried.
Town TopicB While the feeling in
the street is more hopeful than for
some days, the market is in no posi
tion to start on a runaway bull move
ment and we would not buy except on
tho sharp reactions, and then such
stocks as Pennsylvania, Baltimore & Ohio, St. Paul, Louisville & Nashville,
Atlantic Coast, Reading, Big Four,
Northwestern and General Electric.
Steel Situation Charles M. Schwab
says: The steel business was never
better than it is today. The companies
have- more business on their books than
ever before and specifications are
heavy. Of course, the retrenchment
policy of the railroads may eventually
affect the industry, but the railroads
will take all the steel they have con
tracted for. Prices of steel have been
held at reasonable levels notwithstand
ing the unusual demand, and for that
reason the Industry will be less bus
ceptlble to reactions than would have been the case had prices been permit
ted to rise in proportion to the de
mand.
Dickover
CONTRACTORS and Builders Estimates Hut-rushed on Short IVotice. Phone 1Q83 Office 25 Rimbach Building HAMMOND
Report of the Condition of
THE CITIZENS GERMAN NATIONAL BANK
At Hammond in the State of Indiana, at the Close of business, March 22, 1907.
RESOURCES: Loans and Discounts $247,859.11
The Great Northern Railroad com
pany has issued to stockholders the
following notice:
"The decision of the supreme court
of Minnesota in the suit brought by
the state of Montana to restrain the issue of the company's capital stock
having been favorable to this com
pany, the company will proceed with
the issue in accordance with resolu
tions of tha directors and the terms of the circular dated Dec. 11 ,1906. The
books will be closed at 3 p. m. April
2 and will remain closed until 10 a.
m. April 15.
Overdrafts, secured and unsecured
954.36
U. S. Bonds to secure circulation 26,000.00
Premiums on U. S. Bonds
968.75
Bonds, securities, etc 31,428.61
Banking house, furniture and fixtures
1,613.80
Due from approved reserve agents 71,799.47
Checks and other cash items 403.28 Notes of other National Banks 2,000.00 Fractional paper currency, nickels and cents 187.23 Specie $14,610.10 Legal tender notes 2,700.00 17,310.10 Redemption 'fund with U. S. Treasurer (5$ per cent of circulation) 1,300.00
Reports that J. Brandt Walker who was so successful on the bear side
of Btocks of late has been forced to
cover 20,000 shares of Canadian Paciflo and the advance of the past two days has been largely on his buying.
Bond Market Municipal bonds which have been neglected for a long time are coming into more favor with large Investment institutions, the largest handlers of these securities both here and in municipals, but bo far sales have been light but they think sentiment has changed and they anticipate beter things Inside of a few months. Some dealers look for an easier money market and a turning of tho Investment buying from railroad to municipal bonds.
Atchison Reported that the Atchison meeting Wednesday the dividend on the preferred will be raised from 5 to 6 per cent.
Cancelling " Orders Railroads are
cancelling orders for cars. A St. Louis
car company has orders cancelled for
6,000 cars from one railroad and 3,000 cars from another within a short time.
Charles G. Gates & Co. Near the close there was some little set-back, but the general tone was good and the feeling that the worst was over became pretty apparent all through the street. The money market today may have some bearings on prices, but we feel that money in ten days from now will be materially easier. On any good declines we think it well to buy stocks, but on bulges like that of Friday, keep off.
Henry Clews The situation has been certainly improved by the recent upheaval, for the financial atmosphere has been partially clarified, and we are now in danger of a severe panic.
as threatened a few weeks ago. We can henceforward safely look for at least partial relief in the money market. After the middle of April, if not sooner, we may expect rising bank averages and a cessation of the extreme rates which have been experienced during the last six months.
Total : $401,824.71 LIABILITIES. Capital stock paid In $100,000.00 Surplus fund , 4,000.00 Undivided profits, less expenses and taxes paid 2,950.49 National Bank notes outstanding 26,000.00 Individual deposits subject to check .$171,278.02 Demand certificates of deposit 2,125.00 Time certificates of deposit 95,471.20 268,874.22
Total $401,824.71 State of Indiana, County of Lake, ss: I, George M. Eder, Cashier of the above named bank do solemnly eweaV that the above statement ia true to the best of my knowledge and belief. GEO. M. EDER, Cashier. Correct Attest: C. C. Smith, Wm. D. Weis, M. D., J. J. Ruff, Directors. Subscribed and sworn to before me this 27th day of March, 1907. JOHN M. STINSON. Notary Public. My commission expires March 24, 1910.
A large consumer of iron and steel speaking of the situation says: While It does not appear on the surface that orders for iron and steel are being cancelled a good percentage of the orders are taken with a cancellation clause. The steel corporation, while holding down prices, exacts premiums of one to two dollars a ton for prompt delivery. They have been known to have large lots of steel ready to deliver to the buyers, when along comes a buyer who wants it at once and pays a premium for prompt delivery and gets the iron. The other man Is allowed to wait until another lot is turned out.
EAST CHICAGO NEWS
The labor situation still looks dang-
ALBERT GIVEN FASHIONABLE TAILOR Spring aad Summer Style open for your inspection. 712 Chicago Ava. E. CHICAGO, IND. Branch at 101 State St, Hammond.
L SPECTER. EAST CHICAGO Agent for North German Lloyd, Hamburg-American Line Canadian Pacific: Line. All Foreign Money Transferred.
REPORT OP TIIE CONDITION OF THE FIRST NATIONAL BANK, HAMMOND, IND. In the State of Indiana, at the close of business, March 22, 1907. RESOURCES: Loans and Discounts $648,034.40 Overdrafts, secured and unsecured 3,858.16 U. S. Bonda to secure U. S. Deposits 100,000.00 Other Bonds to secure U. S. Deposits 150,000.00 Premiums on U. S. Bonds 7,500.00 Bonds, securities, etc 62,916.98 Furniture and fixtures 1,500.00 Due from National Banks (not reserve agents) 45,404.07 Due from State Banks and Bankers C5.566.55 Due from approved reserve agents 208,826.99 Checks and other cash items 8,687.37 Fractional paper currency, nickels and cents 230.57 Specie $24,463.00 Legal tender notes 2,000.00 26,465.00 Redemption fund with U. S. Treasurer (5 per cent of circulation) 5,000.00 Due from U. S. Treasurer, other than 6 per cent redemption fund 800.00 Total $1,324,780.03 LIABILITIES: Capital stock paid in 100,000.00 Surplus fund 25.000-00 Undivided profits, less expenses and taxes paid 19,119.41 National Bank notes outstanding 100,000.00 Due to Trust Companies and Savings Banks $35,093.05 Individual deposits subject to check 636,84.9S Demand certificates of deposit 10,607.62 Time certificates of deposit 236,471. al Certified checks United States deposits Deposits of U. S. Disbursing officers .66.50 Total deposits 1.0 i 0,670.68 Total $1,324,790.03 State of Indiana, County of Lake, ss: , , , , I W C Belman Cashier of the above named bank, do solemnly ew. tlIa'..Vove S,..e'men. .. . U. e om, jgwUg. d,: Correct Attest: A M Turner, P. W. Meyn. E. C. Minas, Directors. Subscribed and sworn to before me this 27th day of March, 1907. DAVID T. EMERY, Notary. Public
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