The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-03-12

OF Bank Of France to permit with
ura"ais and nothing of the kind is in
oicated at present.
Flttsburg says past weeks develop
ments In steel conditions have been un-
favorable and no canee1lins~ of orders
reported yet.
Duhs Review says depression in
stock market did not extend hsvond
Wall street and general business CON
tinues vigorous.
Thirty-seven roads for fourth waa,x
in February show average gross in
come $50.
There is strong bear party manipu-
lating and the list at times looks like
there was no bottom, but there is of
course, as we said yesterday. If the
wave of liquidation has not run its |
course, and new territory is again en-
tered downward by all leaders aggres-
sively then we shall have to expect |
lower prices and reduced support levels |
in spite of the large investment de-
mand we know is going on at present.
kets generally are overcast and gilt
edged investments are a result Of the
depression in Americans and uncertain
outlook The opening in that group
was very disordered. but prices now
show. a tendency to harden. There is
very serious discussion over the prob
able out come of the forthcoming set
Element. R. 0. Tintos are II lower at
102. South Africans show fairly
steady tone.
Russian and Japs bonds are unalter-
ed with the exception of the premium
on the new Jap loan. There Is a big
demand for the new five per cent. Jap
anese conversion loan and all of the
issuing banks report large inquiries.
The new issue already commands Is
premium.
London-The Bank Of England today
purchased in the open market 10000
pounds in gold bars and there was
| withdrawn from the institution &C.,
600 pounds for shipment to Brazil.
| Boston-The shareholders of the
Centennial Mining company are in re-
ceipt of notice saying that the Cal
umet & Hecla Mining company has
become the largest stakeholder of rec
ord in that company, and they will sue
coed to the management of this COM
pany.
BY speculative interests the extreme
weakness in Missouri Pacific is ex-
planned only on the belief that at least
a smaller rate of dividend will be paid
next summer. 1t is believed also, by
western railroad officials that If next
June there is any question as to the
rate of dividend to be declared the
directors will be governed to a consid-
cradle extent by the probably effect
upon the company's credit OF making
any alteration in the distribution of
net profits.
London 2. p. m.-Money 505A per
cent. Discount short bill, 415-1eQ
per cent, Three months, AZ "a 1915
per cent.
Southhampton-The steamship Wal.
mer Castle which left Cape Town
Africa. Feb. 20. having aboard 37s.OOt
gold, arrived here today.
Cutting 81 Co, IS, 900 in all. H. Con
tent 10000 bought Pennsylvania. A
M Hess 10000 and w. L. Stow 10000
/ sold.
, Proost Bros. 1000. ]. ]. Manning 100
} bought Northern Pacific. Wolf Bros
sold.
Holley Learnard 1000. ]. ]. Man
. ming 5000 bought Union Pacific.
E. E. Hutton 1000. j. ]. Manning
10000 bought steel. C. 1. Hudson sol
! 5000.
I Hall & Whicher bought 1000 Unio
: Pacific.
, The interstate commerce commissio
will present its evidence to the depart
ment of justice and the attorney gener
al of the United States will be the on
to bring the proceedings. 1t Is un
derstood that the commission Will urg
the instituting of an action Of tn
> nature mentioned.
, New York-The denial made las
night in Washington by member c
| the interstate commerce coMuiS1o
that that body was going to brin
= suit to compel the Union Pacific roa
= to divest itself OF control of the South
: ern Pacific seems to have been take
= seriously IN certain Wall street quart
= ers and construed as meaning that tn
government would make no attemI
to divorce the two properties.
Shearson- Hammill 2,0o0. tlowe
/ company 1000 bought copper. Baruc
i Bros. sold 1000. Currie and Boyc
Il 5000 Lazelle and Matthews 10000 sol
Pennsylvania
Philbrick & Hall 1000 and Moore
Schly sold 1000 Union Pacific. CraV
6 ford, Dyer & Cannon sold 10000 stet
> With a number of preferred railro'
stocks selling on a to per cent pay
steel preferred at per cent. pay
III over ever since the corporation w
In organized at par, and stocks like Pen
ry sylvania, Brit, and the Hartman issu