Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-08-07
MONEY TO MOVE The CROPS
New York Bankers Prepare for An
nual Call for Cash.
BUSY YEAR FOR THE APPRAISERS
More Than FOrty-Six Thousand Pro-
tests Filled with Government u
Board az Port of New
York Alone.
RY PRESTON c. ADAMS.

NEW YORK, Aug 6-(Special to The
,hS New YORK VIII be prepared to finance
ter as usual and local bankers do not anti
cipate that there will be any unusual tight
ness IN the money market because OF IL
The demand In the west and northwest
Tor money already Is becoming active and
an even larger demand is expected within
the next few weeks. The local banks eN-
pect TO be I'm a splendid condition for meet
ing this drain as they now are doing every
thlng possible to strengthen their position,
ana are planning to form an emergency
association In response to the suggestion OF
the secretary of the treasury so that they
VIII be able to take out still more circula-
ton at any time desired. While Il Is con
sldered unlikely chat additional currency
| Of this kind will be needed this year. II il
felt that the mere existence OF such a
system will exert steady effect upon u
monetary market and prevent n stringency
should one be threatened. In addition to
the gains In currency, which the local
banks have made from the interior. and
the subtreasury, II is believed that the re-
cent gold imports will swell this gain In
| cash
| From all Indications the government fis-
cal year ending June 80, 1911, will have been
the busiest In the history of the board OF
United States general appraisers.
Up TO the middle OF July, from January
1, more than 5000 protests have been filed
at the port OF New York alone; 1t was
three-quarters of all the protests filed at
all ports. The extraordinary increase is
said TO be due to litigation arising under
litigation remains TO be cleared up under
the acts OF 1894 and 1897
The flotauon Of Insurance companies has
become field for extraordinary activity on
the part of promoters, and as result this
country is at present flooded with shares
Of a great number OF insurance companies
of all kinds-flre life, casualty and surety
which are being floated mainly II not
wholly for promoters ends. Since the first
OF January this year, there have ave been
panies calling for capital and paid In sur
plus OF some sos, $4,000.
The detailed list contains the names of
some excellent ventures which have
completed their organization and COM
menced business. On the other hand some
OF those cited in the list were brought
forth in the first month or so Of the year
and have since fallen into obscurity with
every probability that their flotauon VIII
| be abandoned. In these instances there
] have been some subscriptions to stock Sc
cured and payments on these accounts
will undoubtedly be used to meet wa
costs were incurred, so that the subscrlbS4\s
will stand a good chance OF losing their
| assessment. The attitude OF the general
public in it's belief that all insurance Is
| gold mine to stockholders, because rev
| OF the old institutions have made large
| profits from their past experience ana
costly plants, results In its being truittu,
/ field for the professional promoter, ana
| they accept his figures OF future protlts
| rather than those of people experienced in
| the business.
August Dividend Record.
All dividend and interest records for
! August will be broken this month when
various railroad industrlals and traction
coroprations will distribute TO investors the
sum of $S7, 601, 595. These figures compare
| with $S1, 1872, 1928 in August year ago, an
increase of $6,469372. or the grand total
dividends will for S44,50l,595, an increase OF
! SO, 1888 372 Numerous corporations have re-
sumed or increased their payments, while
others have been able to make their initlal
disbursements At the same time II is to
be said however, that the current returns
are more complete than year ago Inter
| est payments will amount TO VIZ, l0OVO0'
AGAINST S39 500 OOO an Increase of $1,000, O0O.s
| This of course, is due to the new bond and
note Issues
The summary of August's disbursements.
with comparisons with the same month
| follows.