Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-12-18
NEW YORK STOCKS AND BONDS
Dealers in Commodities Express a
Desire to Await Developments.
TRADE IS NARROW, LITTLE DOING
Men Back of Railroads Contend
Many Lines show Losses Dur
ina the Last -Four
Months.

NEW YORK. Dec. 17.-(special Telegram)
The weeks trade and market develop
ments have been repetition Of those eX-
listing for a month or more. The final col
lapse OF the effort TO force suretes TO a
higher level In the face OF conditions that
should have restrained such n movement
has left the stock market IN a passive
state Going into the more legitimate field
OF Investment we find the usual year-end
tendency toward an upbuildng Of quota
tons and an increase I'm demand which
somewhat discounts the replacing I'm this
market OF SITS 100000 TO $500, 600 to be re-
leased after January /.
There has been a desire TO await devel-
opments OF business in the investor and
promoter as we'll as the speculator. The
railroads reflect the irregular conditions Of
trade in very good gross gains in some
sections and very poor returns In others.
The net results are also varied. OF fifty
prominent railroads that have made their
reports for the four months to october 81,
thirty OF them show net losses as against
| last year and twenty have made gains,
Many railroad managers believe that the
day OF large transportation profits is past
and that a road that earns 7 per cent on
It's capitalization in the future will be for
| tunate.
Trading IL Narrow.
Trading today was narrow and 10 some
| extent professional in the stock market
Prior changes in most OF the leading issues
were unimportant. During the late trading
a sharp advance In Norfolk n Western,
| which carried this stock above lW from
9a1s on Friday ELECTED a sympathetic re-
| Spouse In others, Copper made no response
! TO the increase Of the dividend, which full
| filled predictions made many months ago.
Substantial strength was shown In West
! ern Union on the announcing Of annexation
| Of the ARglo-Ameriean Gable company,
| but America Telephone and Telegraph con-
trolls Western Union and made very little
| response.
Although assurance were given in the
best quarters that the Lehigh Valley would
traders were skeptcal and affected to see
| good selling of the stock.
| The associated banks again reported an
| Improved condition. Surplus reserves In the
| actual showing increased sa,G00OO0 This
was achieved through gain OF Si,7O0O0o in
| cash, where yesterdays indications fore
| cast slight loss. With this weeks In
crease in the surplus that account Is
raised to S9.3OO,0O0 which compares with
| 2b,sO0,000 year ago this week and is not
| far below the 81, 100.000 surplus OF the sim
| liar week in the comfortable money mar
ket of 1905 Excess of loans over deposits
| is reduced from the S3s, 10000 of a week
ego to $500; oOo today A year ago 1t
'roday's brief session OF the stock ex-
! change may be dismissed with the bald
statement that business during the greater
part Of the two hours was almost at a
standstilL Price changes in few instances
| were important and the market apparently
! was left to It's own devices, Some OF the
| serni-eettve Issues were not quoted at all,
and the net result was a mixture OF losses
and gains, the latter predomnating The
| monotony OF the day was broken by the
| failure OF an inconspiouous brokerage firm.
Overnight Developments were not OF a
character TO make tor optimism. The large
increase IN the number OF idle cars reported
! by the American Railway association, TO-
500 between November % and December Z
offers additional proof that the business
OF the leading transportation companies
leaves much to be desired at this time, but
conditions we're much worse In the cor
responding period OF last year.
! London and the continental markets were
almost as dull as our own. Another small
lot Of gold was Withdrawn from the Bans
Of England for Egypt. The most hote.
worthy feature Of the Imperial Bank OF
Germany'a weekly statement was con
tanned In the large increase of deposits
aggregating approximately $4,000, 900. Gold
n hand increased over S2,5Oo,OOO with ar
increase OF N,600,o0o in loans
| Our own bank statement reported a larg,
actual decrease in loans, and a cash gain
instead Of the expected loss, the whol,
making for moderate increase in the sur
plus reserve. The trust companies and othel
institutions not reporting TO the clearing
mouse showed an increase Of 81 b00,000 In tn
loan account.
Total sales of bonds par value S1,SSzOOO.
Number OF sales ana Leading otiotationj
on stocks were as follows: