Omaha daily bee., 1910-09-04
NEW WORKSHOPS AND BONDS
Roosevelt Utteranoes Have Not
Started the Wall Street Bears.
DULL WEEK WITH RAILROADS
Announcement Made that on Harri-
man Lines improvements Planned
Last Year Are to he
Made.

|
! exchange today and there will be none
on Monday and from the operations dur
ing me present week, ending yesterday Il
Is difficult to predict what the market will
snow when 1t opens on Tuesday, after the
! holiday. This week the market was one
Of continual dullness and heaviness, with
occasional rallies or drops which were not
sufficiently large to be Of indicative i'm
pOrtance.
The trend OF developments this week
| likewise were of little Importance. II was
predicted before Colonel Theodore Roose-
! welt started on his western tour that some
! OF his utterances might be utilized by the
| bear crowd, but whether Colonel Roose-
velts speeches have annoyed Wall street,
or whether they were not of the sensa-
| tlonal caliber expected it Is evident that
| they have played no part In the week
| market
| New York banks lost nearly 81, 100000 to
/ all quarters during the present week New
York banks shipped $253,OGO more currency
the banks lost $ 66S,OOO to the United states
| sub-treasury. To this loss must be added
| 100000 gold shipped to Canada. .,.-
This has been dull week as to develop
ments in the stock market Little mas
transpred in the industrial field or the
| railroad field worthy of mention.
| Hartman Lines to Improve,
| An interesting statement was issued from
| Judge Lovetts office in this city TO the Ell
! feet that the Hartman lines have NOT re 1e-
cded on policy OF retre aSd Extensions
| will be carried out as planned last year,
| However plans for new work are being
! MADE on a less DOunllIul bCdlt hilNAl NAANA
| is brighter prospects that the investing
| public will stand back of the demands IL
makes for expensive construction Work
| through new territory, but this has nothlng
| TO do with the present dividend rates on
| Union and Southern Pacific stocks Inc
| regular declarations will be made IN NO
Vember.
| Chicago. St. Paul, Minneapolis g. Omaha,
| in its report to the Interstate Commerce
commission shows that operation revenue
! increased $1,570,373 or n.8l per cent, me
! net and gross earnings of Omaha are now
! the best in the annals of the company
! The preferred stock is sateguarded TO the
| extent of 244, while the common mas earned
! 1915 per cent
Interest on Western Pacific's first bonds
due September l, amounting to Sl,25OOOO ana
| representing a half years interest on Sou
| OOO 900, was provided for out of the western
! Pacifc's own treasury or on It's own credit
| The Denver IL Rio Grande, II was eN-
but aside from the funds already advanced
| to the Western Pacific prior TO June 80
| last, the Denver has not been called upon
! to furnish a dollar from its own cash.
which aggregates over A,OOOOOO.
Metal Market Dull.
! AS in the railroad field there Is little but
I dizziness in the industrial ana copper metal
fields. 1t was announced today that the
4 foreign copper supply has decreased S,slb zoo
II pounds in August. CuriOusly enough the
American stocks during the last six months
have shown increases, and now that 1t
u appears that the stocks here are on the
4 point of declining, there are Indications that
the TIDE mas CndnSGu dDIOdu anu NlloN AlS
next month will likely show gains in poth
\ the foreign stocks and the visible supply.
u The report of the Republic Iron and Steel
4 company for the year ended June 30 is the
\ strongest and most complete document the
i company has issued. The net profits equal
between II and Il per cent on the pre-
4 ferred stock, which is per cent better
than the preceding year. The Pittsburg
and Alabama industrial fields show good
I prospects for the balance of the year,
II The greatest interest in the bond market
is directed toward speculation over the
| amount of SlS5O0,OO0 first mortgage per
cent bonds of the Chicago Great Western
| railway. These bonds are now In the way
Of distribution to members of the under
| writing syndicate formed by j. p Morgan
| q Co. There has been as yet no intimauon
of the amount of this issue which hIs actu-
ally been sold to the public but II is gen.
orally understood to be small. Moreover,
investors who purchased the bonds at the
time of the original offering have had the
unpleasant experience of witnessing nearly
a lO-pont decline from the Offering price.
SO far as the Great Western bonds them
selves are concerned, their present weak
market position appears to be due entirely
to technical conditions.
1t was said today that Wall street men
are watching with keen anxiety the weather
conditions in the middle west. The weather
today, tomorrow and Monday is supposed
to play an important part in the regua-
ton of quotations on Tuesday,
So far reports from the corn belt have
been of the best kind, With a continuation
of this satisfactory atmospheric condition
and with as few developments in the gen.
eral field OF finance and actuaities as we
have had, there should be no concern over
next weeks market opening.