Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-12-11
BUSINESS OUTLOOK IS GOOD
Bountiful Hsrvests and Continued
Liveliness Recorded.
READY MONEY IN COTTON BELT
Nationwide Effort TO he Made Go Im-
prove seed and Increase the
Yield Of crops Raised
by Farmers.
by PRESTON g. ADAMS


| NEW hORk, Dec. i0-tSpecial to The
! Bee.)-The close OF the harvest season and
I industrial developments during the close
! Of the month OF November and early part
! OF December conspire to make the business
outlook for the opening Of the year igil
! crop and an abundance Of corn crop, VITA
good average prices prevailing has brought
prosperity 10 the farmers OF the middle
An li.1OOOoo bale cotton crop. as Is IN
| dicated by the ginners reports, now that
caused the price to continue high, which
has brought much ready money into the
cotton belt. This will have the effect OF
| bringing heavy Christmas trade TO the
merchants and large purchases OF farming
implements, stock and fertilizers by the
planters with the opening of tho new
Pennsylvania Road Helms.
a leader OF the great enterprises which
viii effect the Industrial business Is tho
given an order for 10000 tons OF steel rails
Tor 1911 delivery to the United states steel
corporation, Leckawanna Steel company.
company and the Bethlehem Steel COM
pany' The order is considerably larger
I than they had expected
Eor 1917 delivery the company originally
ordered about 10000 tons but follow-up
orders made the total Tor the year 2l0O0J
Campaign for Better Farming.
AZ an outcome Of the meeting OF tho
| Council OF North American Grain eS-
|
Der H. Systematically directed effort
Is being made to secure an Improvement
IN seed and larger yield per acre Of tho
have been under way for several wears,
NRriously undertaken, by the government.
the individual agricultural states, railroads
and private associations The question was
/ considered one OF the utmost Importance
az the council meeting and a committee,
with power to act was appointed by Pres
ident Bradley, OF which H. w Cochrane
OF st! Louis, was made chairman. The
Ilrst work OF this committee was to bring
prises already at work
Billions I'm Stocks.
The aggregate capital stock OF all cor
porations in the United States is more than
SoL,VVo,OVOOC with bonded and other in
debtedness of more than S3l. 900 100000 ac-
cording TO figures contained In the annual
! report Of the commissioner of international
revenues at Washington.
The commissioners report shows that
w goo corporations sent in returns and
pald taxes under the new law. The exact
amount OF capital stock represented by
these corporations was So, 371 626,7b2 tho
bonded and other Indebtedness $3i $50 9ss-
80 and the net income SS,125, 4S1 ,1Qt This
shows that the 252, 400 corpora Uons-prac-
tically all in the United states,-in the ag-
gregate made just trifle less than per
cent on the total capital stock in the fiscal
year ended June 30 last, which is the period
on which the commissioner report is
that 262. 400 corporations sent I'm returns
ana paid taxes under the new law. Tho
exact amount or capital stock represented
by these corporations was So 81 1926, 752.
Farmers Buying Autos Freely.
j, l. Handley vice president of the
United States Motor company, who has
been on an extended trip through the west
returns in a thoroughly optimistic frame
or mind and feels certain that the current
breaker.
Never have seen such bright prospects
for the motor car industry" says Mr.
Handley. while in the past the east has
been the chief center OF automobile buying,
there is no doubt In my mind that the west
Will become the leader during 1911 The
buying will be particularly heavy in the
farming sections for grain and produce
crops have been remarkably heavy this
summer a-td fall and the farmers bank
accounts were never so large. II is an err
roneous impression that farmers are buy
ing mostly low-priced cars as there is
mixed buying In the rural districts, as we'll
as in the cities. There are thousands OF
farm % owners who are paying from $500
10 S4OOO for their machines"
London Capitalists Confident.
The new capital floated in London since
January has far exceeded the grand total
Of any previous fun year. Up to the mid
die of last month the 1910 figure has reached
81 900, which compares with a high rec
ord of S96l,00O,0O0 for the calendar year 1908
and Sl2,OO4OOO for the whole of 1909.
Free Speculation in Coffee.
The speculative market has lately shown
much activity. Prices for futures were
forced up until they reached a point S}s
,SNiIo 20 PouAh ilbHVr Ildl the same GATE
last year Record sales Of 524,2 50 bags IN
four days were made.
In grocery trade circles there seems
much doubt whether TO regard the advance
the legitimate result OF a demand by CON
sumers, whether it is skillfuly engineered
on behalf OF the goVernment-owned
Brazilian coffee. amounting TO 600
bags which. under the so-called valorization
plan, is being held for favorable market
In single day one OF the largest buyers
was credited with the purchase of 10000
bags OF coffee In New Orleans virtually
cleaning up that market They were also
credited with purchasing 10000 bags in St
Louis ana Chicago. This transaction at the
reported price involved something like