The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-03-22
Primary movement.
Northwest Cars.
southNessern Recelpts and shipment..
HEARD ON BOURSE


HEARD ON BOURSE
better feeling prevails concern
ing the market fro mvarious causes
among which the absence of disturb
ing the market from various causes
taxes nrst rank and the fact that
some Kind of an unders landing as to
the limitations OF railroad legislation
ana federal action appears TO be pend
ing. distinct rehuff was given yes
terday TO precipitate state legislation
ey commissioner Harlan, which is
made all the more forcible in its ef-
Iect on sentiment by reason OF Mr..
Harlan being an ex-associate Justice of
the supreme court of the United States.
IL also appears that the administra-
ton is concerned regarding possible
conflict between federal and state leg
islation on the same subject. Mean
time, railroad arrangements have made
1t positively clear that the develop
ments of the past few months have
forced very conservative plans for the
future in the matter of facilities. build
ing of new lines and equipment al
ready inadequate to the necessities Of
the country.
In other words, concern over the sit
uation is now more equally divided
and the result will probably be re-
fiected in less active efforts of state
authorities and a full and Intelligent
understanding on all sides of meas
ures to be placed before the next con-
gress.
The financial situation abroad is
still sensitive. but beyond the possible
ity of a consistent advance in the
minimum rate of discount by the Bank
of France no serious developments are
expected in the near future. Gradual
relief in America under the recent order
OF the treasury department Will prob
ably prove sufficient to prevent seri-
Gus stringency this spring and lower
values in the security reduce the
necessities of financial institutions in
the matter of making loan accom-
modations.
Today's market should show a steady
tone, though we anticipate no great
activity or evidence of complete re-
lief from recent uncertainties.
1t was officially announced at the
offices Of the Erie railroad company,
1 THIS morning. lIdl pIdAAANdity ali OI the
new construction work that has been
under way in the state of New York
for the past year would be stopped
until further notice. This decision was
| reached at the meeting of the execu-
tive committee yesterday
London-American closed fairly ac-
tive on the curb, but business was very
light South Africans finished weak
on Paris selling and other departments
disclosed dropping tendency. Paris
closed weak. Berlin quiet.
I'VE are getting a good many invest
ment orders for stocks at the market
some at prices below present selling
figures" said a LaSalle street broker
This shows the temper of the pub
lie. We have also some large orders
500 share lots, for stand railway shares
with limits to 10 points under the
market 1t looks as though the market
had reached the bottom and 1t shows
more resistance. Our advices are that
the market has been heavily over sold.'
There is a better call for small lots
of commercial paper from outside
banks, also more call for limited lots
Of railway notes, but the demand can
not be called good only that II is better
] than of late Supplies OF commercial
paper are increasing, but none of the
buyers will take 1t at less than per
cent. Some banks in the interior are
; said to eholding their funds for the
TIME being rather than make invest
! ments for the present.
Bond dealers are not in the market
to any extent for new issues for the
present. This was shown by the fall
} ure Of the city of Milwaukee to sell an
issue Of $4,000 Of 1914 year As. It
is understood that there were no bid
ders.
I The unacceptable Dust.
o We pride ourselves on our new
0 food labels, upon our water supply
and upon the antiseptic purity OF our
personal surroundings, but we have