The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-03-23

S3e-b IN ueu showers in west portto anu
- SUNDAY warmer tonight.
HEARD ON BOURSE
-, lions seem to be very nervous
ana the newspaper items add uttle -
ieS.ore confidence. The market IN q
sen was rather weak the entire aaS.
rices declined from two to five noints
iaAs ~ some Of the higher priced -
SUES put the special attack on Er,a.s
- aoout decline Of four dol
iaIs IN the common and from four -
ferred. 0oiu pre-
There is no buying nova
cept short interests Witt = st. ex-
little at times, but this ,,ta-... Dus
present is not very anxious ~ 49,. a.
The heavy selling Of con r..
brought about decline OF abou. 80
points in the afternoon and II Is onI,r
natural as this security has held vor,,
strong while other stocks declined
We believe it is wisest to act co,
servatively and would rather wait untiI
conditions improve somewhat hefor,
buying securities.
Simons and slade bought 1900 Tn
Pac. @. E. Berner also bourbt ava
Marshal Spader bought So. Pac. ana -
b. Mcdonald sold 5000. Hallrartor
Co. bought Erie and A. O. Brown
sold.
Harry Raymond wires Curtis
Clement & Co. as follows: London
was the best seller at the opening.
am told that some of the bears sold
stock freely in London through Hous-
man.
London, $3.50 p. m.-The securities
market generally continue depressed
Financial interests are anxiously
awaiting settlement Developments.
Clement, Curtis & Co. get the follow
ing from New York: The advance in
Bank Of France discount rate has ere
ated bad impression owing to belief
that 1t means continued money strfn-
gency abroad and will prevent US from
drawing the gold against which we
nave large credits. This market is
likely to be dull with occasional weak
spots as a few belated accounts ara
closed out The street is hoping for
q period of dullness in the hope that
| existing snarls may gradually be
Strengthened out.
| Sentiment on the floor OF the Ex-
change is more buiiish than 1t has been
for long time; this does not give us
/ any line on the market however, and it
/ is likely as not that after d show Of
strength Friday morning, stocks will
become dull and sagging for a few
days.
fully believe that ultimately prices
| will 60 very much higher. I think this
is going to be a great bull summer
Ridgley
Worst feature of the stock market
has been weakness in Erie securities
| with all of them down from to
points. This has been on scattered
selling for both long and short ac-
count on public confirmation in official
manner of suspension of all improve
ments and new extension work Es-
pecially in New York state owing to
bankers suggesting this policy in view
Of probable passage of public utility
bill, in New York Legislature, which
would very seriously jeapordize the
roads In this state. Hartman attend
ed the meeting when the directors took
this action and urged its adoption
T. A Mcintyre & Co.
A house usually well Informed on
Erie does not seem inclined to buy it
this morning. 1t looks like long stock
coming out but on the surface we can
not see why stoppage of improvements
should cause long holders to liquidate.
New York.-Buy the good dividend
paying stocks as soon as money mat
ters become more thoroughly settled
| there will be announcements of new
financing by New York Central and
other roads which Will give the bears
opportunity to attack Values. The adj
ministration is not likely to furnish
any bull ammunition and the determine
ton Of the Erie and other systems
| to retrench adds to the fear Of sub
stantial trade reactions l felt in some