Omaha daily bee., 1910-08-14
ERA OF PROSPERITY is SEEN
Values Remain High, Except to Spec.
ulators on Paper.
WAGES GOOD OVER THE COUNTRY
Despite Drop of About a BiIliOn Doll
lars on Paper values OF Exchange
Real Condition of Country Il
Declared 60 ne Splendid,

| BY PRESTON e. ADAMS
NEW YORK, Aug. l2-(Specal to The
Bee)-1f we are not in for an era OF pros
! perty then some OF the keenest observers
are mistaken and all signs will have failed:
1t Is true that there has been drop OF
something like a billion and a half in stock
values In Wall street from the high point
or the year, but this loss has been Of paper
values and has affected only the specua-
! tors and weak holders who have been
shaken out. Dividends and interest pay.
ments have been on an unprecedented
scale, workmen are receiving higher wages
generally and the farmers continue to buy
automobiles, despite the Mortified protests
! OF Wall street, which hates to see so much
good money diverted to other channels,
The last steel trust statement OF earnings
Is pretty good indication OF business con-
ditions, showing as they do a gratifying
increase in net earnings over last year.
scouts well Pleased.
| Then. two well-known New York men in
close touch with large financial and other
businesses, who take an interest in the at
ttalrs OF the country, have Just returned
west. They are a. Barton Hepburn, presi-
dent Of the Chase National bank and W. C.
railroad lines. Mr.. Hepburn passed through
eleven states, but did not go beyond the
tm MISS SIP Mr. Browns trip OF ten days
Both brought back words of good cheer
Mr. Hepburn says: In my recent trip
west ! crossed eleven states and. although
not an expert, the crop conditions seemed
to me to be very good indeed. The oats
and wheat was practically all harvested
some In process of threshing and some be-
ing stacked, but most of II is still standing
in stacks in the fields. did not go west
that the crop damage, especially in the
northwest, has been largely overestimated.
what Millers Report.
"A committee Of millers, just returned to
through Minnesota and the Dakotas, re-
ports that the money value of the crops of
Minnesota, South Dakota and the southern
half of North Dakota will exceed that of
any previous crops. Conditions in the north
ern half of North Dakota are serious and
they estimate the crop value as about one
third the average. The price of flax is
S265 and the flax crop will go far towards
making up the loss upon wheat.
That the business OF the country as q
whole is In good condition and profitable is
evidenced by the very large volume OF bust
ness. l am very optimistic to general
business conditions"
Mr. Brown said II have not only made
ton as possible, but have employed reliable
men Of good judgment 10 go through Mime
sofa and the two Dakotas and most OF Ne
braska and Kansas and report ON eao2hr di-
tons. From the Missouri river thrcatG to
New York have made a personal exam
nation and the country looked like a garden
all the way.
Grain il Excellent.
"One Of the best crops of small grain as
to the quality that 1 have ever seen and
vested and is either in the stack or being
threshed out of the shock. and the result
Oh every Jop OF threshing that L saw ex-
ceeded the expectations and estimates made
before the harvest
The corn from the western part OF Ne
braska right through to the Atlantic sea-
board is at or above the average at this
time OF year. In the extreme western part
OF Nebraska, on the edge of the sage brush
plains, and In the western and southwest
ern part OF Kansas there has been some
damage from hot weather and lack of
moisture, but to this time do not believe
the damage will amount to 2 per cent of
the corn crop of the country as a whole
Minnesota will raise about IS per cent
n anna Gro In
normal hay crop. The corn is exception
ally good, and with seasonable rains from
this time until the first of September will
make better than a normal crop. The two
Dakotas will raise 90 per cent OF a normal
crop in small grain and better than a nor
NAL crop OF corn"
/. EnEland's Cotton Output.
Though the cotton manufacturing rtade
in Lancashire has been bad all this year
from producers point OF view, the turn
over has been considerable.
1t Will be seen from the following table
says the London Economist. that our ex-
ports OF piece goods In June were on a
large scale. and that yardage for the last
the corresponding period in 1909 and Is
equal to 1905.
Six mon@4
1903 42s, $4,000 2,S4S, $780, 500
i9vS .'.'.''.....'... .430, 500 1852 453500
1910 ....;.............5O sos 1880 1884, 1853 400
The chief causes of falling off this year
on iast SO Iar are: China, 100, 5l2, 900 yards;
Turkey, 26,062, 600 yards; Madras l257l 900
yards; Morocco. $4,000 yards. The princio
pal countries showing increased taiSings
are. Bombay, 15S.765O90; Bengal, As, s42,O0O
yards; Brazil, 20,5l5,OOO yards Canada, is
$4,000 yards, and Australia, 49, 1853, 900 yards"
The Toronto Monetary Times saws:
with an aggregate authorized capital OF
$SsS, b5l, 800, no less than !, 465 new companies
obtained dominion or provincial charters
pany of Canada, the Hamilton merger was
the largest new concern, with capital of
$26OOO,OOO, while the Canadian Galleries
(Dunsmuir) came next with authorized can
ital OF $2O,OOOO00. These were not the only
pig companies Incorporated during the perl
100 under review, as no less than eiRhtyN
three companies, with capital OF 81 900 do
each. were chartered