Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-11-20
new YORK STOCKS AND BONDS
Reports from East Indicate that Cost
Of Living is Coming Down.
MEAT HIT BY THE REDUCTION
Bank CIearinEs LarRer in NoIum,
Than Last Week and Money Up
20 Corresponding Period
of Last Year.

NEW YORK. Nov. 19.-Cspecial Tele-
ram.)-The bountiful harvests Of 1910,
apart from increasing American export
! trade. are having the effect OF bringing the
cost OF living down. There was an impOr-
tant reduction In the price OF meats during
| the week Wheat and flour and ali cereal
products have been ruling Sn lower basis
! for some time past. This can. be traced
directly to the crop Of corn, In excess OF
| ]. 900 600 900 bushels
! Bank clearings this week we're larger in
volume than Of late and showed decrea Sc
! Of only about 81 per cent from last year.
/ This points to an enlargement OF trade and
such an outcome Is none the less on the
| approach OF the holiday season. However,
the gain has been IN retail rather than
wholesale lines. as cooler weather has nat
urally enabled the great department stores
Of leading cities to distribute larger vol
ume Of seasonable fabrics. Wholesale mer-
| chants still exhibit caution In ordering
| textile fabrics for future delivery
/ As q rule business was better in the
west than in the east The copper indus
1 try retains It's previous improvement as to
price, although business for home and for
/ eign account has fallen off
Interest Rates Lower.
Interest notes have been steadily declin-
| ing, call loans in the local market having
! fallen to 2k to q per cent and time money
rise In German discounts, incident TO the
/ Forthcoming Turkish loan az Berlin, there
/ has also been easier tendency in
Europe, and notwithstanding the approach
{ Ing British political crisis London dis
! counts are slightly lower. This is a rather
eral tendency OF the worlds market for
easement, which is coming this year
/ sooner than usual
shown in the statement Of car shortages
| surplus of the American Railway associa-
! tons report issued November Is, which
making a total of 24.ss4 cars. The largest
| Increase is Abb I'm the miscellaneous col
umn, which Is made up chiefly Of stock in
] Faa aWraN ~ IL.
| (northern), middle westerly and 10 (Pa-
cific). There was also some increase I'm
box surplus in the west and northwest,
partly offset by decreases in the eastern
and central groups. The coal car surplus
l decreased 7G cars, the largest items of
change in general reflection from the
| changes on the surplus side. It was noted
/ that the increase in surplus is setting at
! exactly the same as that period last year
The total surplus now, however, is still
lower than last year, having been S6,616 I'm
! November, 1909, as against 1861 for this
report.
The stock Market.
Prices continued to advance on the stock
cient to put many OF the active shares at
new high levels for the week.
After fractional advances at the opening
the stock market became active, with gains
OF point or more in some issues. Reading
United states Steel, Union Pacific and
Amalgamated Copper showed pronounced
strength There was less realizing on the
advance, and the market at no time dis
closed much, II any, pressure. The demon
stration was as powerful as usual and dur
ing most Of the trading interest converged
chiefly upon the two or three issues that
nave done service throughout the week
| But the tone was firmer than yesterday
and the volume OF business was fairly
heavy for a Saturday. In the final hour
the market became little less active, but
prices continued firm.
CLOSING prices were slightly below the
best of the day The shifting of loans tc
European lenders was the most strikine
disclosure OF today's rather extraor -. arr
bank returns.
The cash gain of 50 OS3 900 disclosed by the
actual return was greater than forecasts
given out yesterday Indicated. The net re.
suit was an addition of H1H,700 to the
actual surplus, and what was almost al
significant, perhaps, a lowering of tho
excess OF loans over deposits to S27 SSs 800
Last week the loans excess stood at $685..
highly favorable.
Number of sales and leading quotations
on stocks were as follows: