Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-10-23
WY0RE SUCKS AND BONDS
Advance that Started During Sep
TENDER is Maintained.
HEAVY INCREASE IN EXPORTS
Trust Companies Report an Increase,
while Banks Find Decrease
In Their Loan Ac-
counts.

NEW YORK. Oct. % -(Special TelegramD
The marked rise in the STICK market WAS
the UNetsnauuwing development IA the IL
nancim world during the week. Absorption
Of stocks Invariably takes place on a
market that acts like bull market So II
was In this case.
The consequences are that bankers, manu-
facturers and merchants who do not gamble
on margins are acousto med 10 regard the
stoSh market as q uterul, although not In
tailble index Of underlying tendencies in
That the rise Whicn Practically began
In tie early part OF September has been
manlpuiative is patent, but what Is more,
L has been rewarded with success IN that
IL has begun TO appeal to that outside fol-
lowing which makes up the public, So
called. Commission houses n We'll street
" carrying sureues on margins for custom
ers, have increased their lines lately, es-
peoially in the last fortnight
Increase I'm Exports.
II ls more tnan likely that some OF the
news Of the week helped the task Of rhis-
ing the speculative structure. On this &C
count much must be said Of the foreign
trade statement for September This showed
asa ating almost Si6g, 1890 an increase
Of FASN,W0 over the shipments last year,
vf...O ports declined 100000 in compart-
sun with 1909, to little more than Sil7, 900, .
900. AS a result, an export balance was re-
ported amounting to 5l,b0g,00o, whereas.
August showed an import balance OF $780,
first eight months OF the calendar year
was converted TO an export excess OF about
$50 100000.
Most OF the export gain was owing 10 the
| ovetsumulation Of cotton shipments on &C
count OF the bill Of ladinE controversy, and
| the cotton movement in the last three
months Of the year may make less favor
able comparisons with last year on this
/ account.
| Next to the stock market for the week,
/ the most important news was furnished
| by the money market The Bank OF Eng
! land advanced its minimum discount rate
| 10 per cent, rate which has obtained
rarely IN mid October IN the last quarter
| century. The Bank Of France shows dis
counts at the present time OF almost one
/ third larger than the average ct this sea-
son in recent years, and holds $50, 10000 lesa
| sold than last year.
The Bank Statement.
The bank statement showed by it's actual
had been shifting loans again, not only
| TO the trust companies, but to other out
| side lenders-presUniably interior banks
The weekly trust company reported an In
| increase Of f5O00,000 in their loan account
the loan reduction Of the banks was N2,60O
| and their showing by daily averages madt
the figures much larger. Despite this heavy
curtailment OF loans and liabilities, the
weeks $5,200,O00 loss Ct cash caused a de
crease in the surplus. The average state
| ment," Il ts true showed 81, 10000 Increase
but in a week OF continuous Speculation
for the rise, the actual showing gives thu
real information.
The week end surplus reserve of SO, 800, 90
Is &6,O00,0O0 under that of a year ago
Equally interesting is the fact that excess
OF loans over depos Is, which was S25 400, 90
by far the highest excess Of the sort re
ported since the second week OF Janu
Nu Sber of sales and leading quotation