Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-05-15
STOCK SALES ARE INCREASED
Aggregate of $6,5OO,OOO,OOO from
January to May /.
BONDS SHOW A DECREASE
BY PRESTON c. ADAMS.

| NEW YORK, May H-(special Dispatch
TO The bee D-7f'rUm january 1 to May /
chaEge reached $6,0VU,OVJ,UU0 against S6luV,-
VV0VV in lSJ. Bona sales Tor the Same
ume last year aggregated Sl6O OOOVJV.
whereas this Year they nave itlst exceeded
N2,1vVUOVO "a decrease OF SlyOWNUOO whiCn
! lGsus TO the inquiry Has capital H. this
United states become worth b per cent.
Inc great international banking houses
ana the leading investment firms I'm New.
YORK complain, IN course OF interviews this
week that they cannot offer important
blocks or straight bonds on terms that
bOth borrowers and buyers regard as rCa-
sUnable semi-deadiock has arisen, a
per cent bond today is leN attractive
than per cent issue was Hot so long
ago. Unless an investment contains Il
speculative feature OF one KIND or anothof 4
OF unless 1t yieids nearly per cent, tlj
average investor does not want 1t,
According 10 tue latest estimates by
the Treasury department at Washington,
between one-fiftn and onl-sixtn of the
total amount to be raised by the govern
ment through the corporation income tax
WIN be PAID by companies IN New York
state and nearly all of that portion by
New YORK companies. 1t is now thought
mat the tax win bring in total of about
S22,OVO,OOO, instead of Ss0,VVO,UO Of SN,OOOJOl
which taose who framed the law expected ,
or this amount New York, 1t Is estimated,
VIII pay close to $3,jOO,VV0 lllinois~iwil
probaDIy be the next largest contributor.
with Massachusetts, Pennsylvania and
missouri following in the order given.
Inc hearing Of the governments case for
tho dissolution of the merger of the South
ern Pacific and Union Pacific railroads
will take place probably about October /.
The selection of definite date and place
viii be made by the Judges of the Eighth
circuit at St Paul, MINI.
Attorney General MiCkersham has re-
ceiVed advices from Circuit Judge Van Der
Nanter at Cheyenne that after correspond
ence with the other Justices OF the Eighth
circuit the court had determined to fix
the hearing for about october ]. Govern
ment counsel urged upon the court that
the case be heard before the summer va
cation but in view OF the other engage
ments of the Justices the latter determined
to postpone argument until after the sum
mer vacation.
ernment in the preparation of the casql
which is proceeding to dissolve th(.
merger OF the Southern Pacific and tiny
Union Pacific railroads on the ground that
II was In violation of the sherman anti
trust act Suit for dissolution was filed in
me circuit court at salt Lake city.
Declaring the valuation of S79OOOOOO put
upon the franchise In Kentucky OF the
Southern Pacific holding company to be-
excessive, Alexander p. Humphrey, counsel
Tor the company, has declared to the hoard
OF assessment and valuation at Frankfort
that unless the figures arc materially re-
duced the corporation will remove its dom
lcile TO some other state, probably Maine
What would you think of a freight train
itorty-tlve miles long containing 400 cars?"
INQUIRED {. II. Long, who is in the fruit
commission business. More than that
number of cars of fruit will be shipped be-
lore september from the North Yakima
valley of Washington state to commission
merchants In Chicago and New York" CON
tlhued Mr.. Long. Most of this fruit will
be apples the finest in the world
practically nothing is raised in North
1aklma valley but fruit, and that section
Is becoming noted all over the world for
the quality of its products. Much of this
fruit after being sod in Chicago and New
hork, ls shipped to London, where 1t b, lngs
the highest market prices. Fruit farmers
wealthlest and most prosperous. per acre
Or holdings, OF any farming community In
pe unlted~States. The man who owns an
apple orchard in North Yakima is we'll Off
twenty years ago North Yakima valley
was nothing but desolate wilderness; to-
DAY IL is one OF the garden spots OF the