The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-04-03
HEARD ON THE BoURSE.

The decline in time money rates is
a most important and favorable de-
velepment at this time. as permitting
a wider scope to public speculative
and investment operations and so long
as an active and healthy condition pre-
walls in the commerce and industries
of the country 1t should form the ba-
| sis of good market for our securi-
ties both bonds and stocks. The re-
negotiation and funding of short term
obligations may, from various causes,
be less serious problem than hither-
TO contemplated and the market should
| be favorably influenced by these con-
siderations.
Meantime, it is apparent that I'M
pleasant incidents and unfavorable de-
velopments have lost their force as an
argument against prices and most
things point to a somewhat higher
market in the near future.
The re-hearing in the Hartman case
before the interstate commerce COM
mission will commence at 10 o'clock.
April 4 in the rooms of the commission
here. No evidence will be taken by
the committee, but an argument will
be made on the case as already made
UP. Chairman Knapp. who is now in
Chicago, will arrive in time to sit in
the case. which will be argued before
the full committee.-D. ].
If Union Pacific goes up very rapid
ly it is because there is little or no
stock offered-S. S. e. Co.
Today's market was materially influ-
enced by quotations sent from Lon
don, and prices in the general list
showed losses Of from 1 to 2 per cent.
compared with last nights close, while
Canadian Pacific declined about from
6 to s per cent.
There was some good buying at the
lower range, which stimulated the
market and prices rallied again in
some securities, especially Atchison
and B. r. T. scored gains compared
with yesterdays values
Generally speaking there is little out
side interest except a few traders who
are willing to scalp the market for a
point or two.
The general situation will have to
adjust itself much more for the pub
lie to become more interested, and
while there is still large short in
=. terest, we do not look for any ma
terial recessions at the moment, but
we think it is unwise to buy stocks
when the market is strong and would
only do so when prices are weak
Some hopeful dispatches from Chi
cago regarding the labor situation
printed in the Times this morning
and the absence Of signs of positive
ending may offset in some degree the
reactionary tendency of the London
market this morning, and the very full
statement published as coming from
the White House on the attitude OF
the administration.
Harry Content sold 5000 Union Pa
cific.--S. S. & Co.
Gossip says that ]. r. Keene is
Jumping on the market, also that
Atchison will declare a per cent divi-
t dend tomorrow.
i We hear no news it's general re-
c action. We hear Lawson is selling
t Copper-S. S. & Co.
Regarding special questions latel!
3 under discussion. In addition to this
Q the American prints letter stated t.
y have been written by Mr.. Hartman t,
= Sidney webster in the winter of 1904
Q O5 which win be more or less a mar
0 ket influence at this time. The lette
relates to the campaign fund of tn
state of New York and declares tina
the president appealed to the write