The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-11-20
LATEST GOSSIP OF THE MARKETS
FINANCIAL NOTES

national BANK and as president Of the
recen, speech said: The unusual
demand upon capital ms representa-.
r. se IN aass
manifest of seeking TO convert real estate
into personal property Real properties
seeking Incorporation. individual CORPORA.
tons are seeking amasgamation or con-
solidation, farms are Incorporated and sew
realty companies and building construction
companies erect and own buildings IN
q this diversified and sometimes widely
oversight and less efficient mana cement,
many real estate properties heretofore
financed by loans from mortgage eompa-
mics. savings banks and insurance coni-
Into corporations have brought into exist
tnce new class of securities very large
in our money centers and this makes a
demand upon commercial banks This de-
rand added 10 the requirements Of current
business has subjected the personal wealth
| II the country TO severe strain. a strain
rot upon our currency. but upon our mo-
bile capital. Until this transition process
uron personal capital must continue to,
exist. One cloud hangs over the business
our corporation laws. The most law abid-
lug manager cannot be quite sure whether
uncertainty must continue until suits now
pending in the supreme court are decided.
We may we'll have confidence that courts
| in constituting the antitrus law. what
ever their decision may be. will point a
, way out by means OF which corporations
can prosecute their business within law
ence. IL is ipconceivable that great aggre-
cations OF capital will not be permitted
as hes TO he os dS sna as Of ses
lagGregGtions of capital do in the other
commercial nations. President Taft has
and no man ever lad the welfare OF the
iation more ut heart His excellent rec
ord Is to his credit. to suppressing bad
| Wall street summary:
President William G. McAdoo offers to
important notifications
annual repor, of United fruit com
phmy shows 2sS per =. cent earned on
Duns review says volume Of transactions
degree Of activity exists throughout the
country.
Bradstreets says salutary changes ars
reflected in quieting down Of speculation.
especially in securities and cotton.
Iron and steel market continues very
quiet. with diminishing volume.
anthracite.
Banks come out even on weeks currency
All American car and foundry plants
lnow operating full capacity
Idle cars fortnight ending Nov g. a.
561. an Increase of 6346
Thirty nine roads first week November
SHOW average gross increase 2.55 per cent
Commenting upon recent reports VI the
standard oil company being IA heavy lend
Ter OF money In Wall street, new York
banker says THE Standard oil company
Is a large lender CT money in Wall street
and always has been. The company has a
vast surplus. and it Is its object to obtain
as large return this surplus cash as
|, possible. 1t is nothing strange for the
company to lend from S25 1000 to $50.
100000 at time. There is nothing extrar-
binary in such procedure. 1t is plan
United States steel corporation Is one OF
the heaviest lenders of money in Wall
! street At times as high as SO. 900 900 OF
the steel corporations money is either In
banks or loaned out good collateral
! The cash holdings OF the steel corporation
J borhood Of SdO,0OO.OO0. They must. be much
} larger at the present time, as the per.
centage Of the mills is less and conse
J quently less cash is required to carry on
the business"
The promptness with which British in.
yestors absorbed the issue of $500. 900 OF
which closed Thursday. has indicated the
readiness Of the investing public to take
American securities. according to London
! financiers. The list was open only twenty
four hours when the issue was oversub
scribed. The continent applied for a por
ton of the issue, which was quoted al
one-hah OF per cent. premium.