Omaha daily bee., 1902-11-30
NEW YORK STOCKS AND BONDS.
Rumors that ROOseveIt's Message WIN
he Mild in Dealing with Trusts.

NEW YORK, Nov. 29.-The professional
traders who practically monopolized to-
days narrow stock market bid up Louis
Vile on the professed belief that the divt-
dend is to be increased, and Brooklyn
Rapid Transit on the OWL OF increased
served to. overcome the heaviness OF the
open dealings.
n~ections circulated alleged verbatim ex-
tracts from the presidents forthcoming
message of a much milder tone on the
subject of trusts than some Of the recent
alleged forecasts circulated by bear traders.
but the market failed to develop animation.
owing to a general desire 70 see me pam
There was a splitting out of stocks when the
statement appeared, but supporting orders
were met and the market rallied and closed
steady. The decrease in cash was less than
anticipated from the known movements OF
money, but the heavy increase in loans was
the disquieting feature. II was said that
interior banks nave been calling loans
placed in this market earlier In the season
and the demand on the local banks for ac-
commodations has thereby been increased.
The free loaning here by interior banks
earlier in the season gave rise TO the hope
that they were so largely supplied that
the usual interior demand for moving the
crops would be less than usual this season.
The accommodations then offered, how
ever, have been largely recalled. Interior
mated I0shs n at from sss.Occ'e6s to 100000 and
the bond market has been dull, but prices
| Of Investments are we'll maintained. United
States Sc, registered. and the coupons de-
the closing call OF last week.
The New York Financier this week says:
The Important feature OF the oficial state
ment Of the New York associated banks
last week was the expansion of loans 10
81. eos 500 for the first time since the be-
ginning OF the month. the result Of recently
Improved bank conditions. 1t Is probable,
however, that part OF this expansion was
due to special causes. such as the loaning
Of funds which had been accumulated pre-
paratOry to their disbursement for Deem
Der interest and dividends. and also in
s s65nis saGIy n IN tRSe s MEEK, "a Ths %actSity a ana
rising tendency OF securities on the stock
market doubtless also contributed to the
increase in loans. There was a net loss
OF only a.u1 coo in cash, specie being de-
creased s., 57 500 and legal tenders increased
SS5s.soO. whereas the estimates based on
the traceable movements during the week
indicated a loss Of 2,E2S00. Part Of the
discrepancy may be accounted for by the
fact that on Friday there was a transfer
through the sub-treasury TO San Francisco
OF 10000 and doubtless other large amounts
were drawn from the banks on the last
were not included in the estimate Of cash
movements. Deposits were increased $50
$40. which amount is N.u3.OO0 less than thai
called for by the increase OF loans less
the net loss Of cash; therefore the state
ment was out Of harmony The required
reserve was reduced n,oS2.C15, which sun
added TO the net decrease OF cash made
S3.743.67b as the reduction In surplus reservt
which now stands az t5.1sSSe Al tn.
Sl3.E4.bT6. Computed on the basis OF de
posits, less 50, 1880 Of the governments
the surplus IL N&S27.T6 The circulation
showed only the small increase OF S95 100
indicating that the expansion OF this item
which has been so important beginning
sary. The average daily clearings wer
; S275.O00,O0O. against S2Sl.00o.0o in the previou
Y week. ii Is noteworthy hat through tn
increase Of the capital OF one of the bank
from $4,000 10 1900 900 the total capital o
the clearing house banks has been aug
mented 10 $40 .1I2.loO; the surplus and ne
/ profits are Sis. 57b. 100. Comparisons o
! changes in loans show that eight Of IN
!, Larger banks increased this Item by l,5o.0
lnet: one bank expanded loans by S.4o.G
LAnd another BY E.NQ.000 The ehanges l