Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-08-28
NEW YORK AND BONDS
Many Millions Are to Be Paid Out in
Dividends.
PROSPERITY FOR RAILROADS
West Needs No Help from the East
In the Way OF Money for
Handling the Crop.

WeHt Neeus No Help from the East
In the Way OF Money for
Handling the Crop.
NEW YORK, Aug 27-(special Tcle-
glam.)-lt Is estimated that uiyiuends and
interest disbursements In september py
railroad, Industrial and other corporations
VIII aggregate SlUOOOO,VVO. This is s1J w
ahead OF last year. which Is a pleasing
showing indeed. Ever since American man
ufacturers and railroads have entered into
thelr present era OF prosperity, discourse
mchtS On Investments nave been gradually
increasing. 1nC increase has been SLOW
and substantial which is the best kind.
sturdy climb in dividends and earnings
men has been In evidence recently be-
token soundness.
| The dividend payments next month will
exceed S5s,yjb,OVO and interest payments will
be I'm the neighborhood of $Si $4,000
The disbursements for the nine months Of
this year Including September) are A,l9i,-
$4,000, an Increase OF Sl5O 0O0,OO0 over the
same nine months Of last year Already
this year dividend and interest disburse-
ments are S27OO0,OO0 ahead OF the dis0urse-
ments of the entire year of 1907.
In the face OF these conditions 1t Is the
height Of absurdlty for any man to at
tempt to discount prosperity. All of the
underlying conditions Of business and IL
nance today are firm. IL Is true that few
Wall street Napoleons, who are alarmed
over the political trend, have been attempt
ing to falsify actual conditions, but the
STATISTICS neleWlln set lOIAhS tloiuthAA9
deny all false assertions.
No Cause for Alarm.
IL Is said here that the New York bank
surplus will not be sufficient In the early
fall to assist the middle west in the move
ment of the crops There is nothing for
alarm in this statement for the financial
conditions in the interior are such now that
financial help from New York Will not De
needed There is plenty of money in the in
terror. In fact, bankers from the middle
west have complained that they have too
/ ,l, hnn
On the currency operations of the present
week. New York banks have lost approx
mately S26OOO. A gain or $ASOVo9 was made
on money transactions with the interior
but this was offset by the fact that
! 81, 2l6,OOO was paid to the United states
this su must lust be added $4,000 gold which was
withdrawn on Thursday for shipment to
Montreal.
Failure on the part of the Bank of Eng
| land to increase its rate OF discount &C
| col ding to expectations in certain quarters
| here caused no marked change in the FOR
eign exchange market 1t was said that
| speculative commitments for and against
| such development pretty well counter
acted one another in the subsequent trad
| ing. AS a matter of fact. 1t is only the
| outside discount rate in London that is
causing concern
Crops Are satisfactory.
Crop conditions are highly satisfactory.
| Such great industrial corporations as the
international Harvester company and the
| United States Steel corporation, which
| keep in close touch with crop conditions,
| have issued statements that they are
they exist at present throughout the mid
! dlewest and the western states. Late re-
ports indicate decided Improvement in the
cotton fields and It is SAID that the corn
! With these broad conditions so satisfac-
| tory, industrial alA financial men are
going to offer From the industrial and
mining fields in Pennsylvania, Alabama,
| Indiana and Illinois come optimistic signs
| for 1911. The labor difficulties which have
4 are now about done. Already the order
4 books show a substantial showing for the
Initial period of the new year.
Progress in the railroad field has been
4 somewhat handicapped through the dull
ness Of the bond market and the caution
I of American and foreign investors.
4 Frankly speaking, railroad men will be
glad when the November elections are
over. There have been sundry expressions
Po 10 ae eSemes OF cSone
Roosevelt have declared that his utterances
| will cause unrest in Wall street. However
that will do no great harm, unless Wall
| street takes 1t into its head to act as IL did
three years ago.
Adds to working Capital.
The Colorado Fuel and Iron company will
not likely pay off its accumulated preferred
dividends, as the new policy of the COM
pany is to accumulate working capital
against an unexpected increase In business.
| The company Is over $1,OOO,OOO in arrears on
It's preferred dividends. However, the
finances OF the corporation have now grown
to the point where no alarm Is felt. The
company will not be compelled to borrow
money In fact, 1t is predicted that II Will
be doing a gross business OF $S0,OOO,O0O next
year. 1t has spent nearly that much In
the Improvement of its properties in the
last decade so that it is just now settling
down to steady upward movement In
Increment
Dullness prevails in the copper market
The constant cropping up of merger reports
are greatly responsible for the present pre-
waiting conditions.
With few exceptions the important indus
trial companies are in position to finance
struction work they have under way this
year without outside assistance. Earnings
since early last year have been large and
the aggregate amount of cash carried is
above the average The cash in bank held
by the United states Steel corporation runs
over $25, 900.
International Harvester is so long on re-
sources that II has turned lender. Stand
ard Oil, American Tobacco, Bethlehem
Steel company Westinghouse company and
lOtherS have the biggest cash resources on
hand now In their history.
Considered all in all, conditions are be-
yond fear of caVil.
The stock market this week has been
without moment. Trading has been narrow
and light and movements have not been
exceptional. The tone has fluctuated with
out going to extremes.
Number OF sales and leading quotations
ION stocks were as fonows
Sales High, Low. Close,
Allis-Chalmers pfd ......,....... 49,. go. aM
Amslsanated copper ..... 1850 saS s4K e4H
American Agricultural 800 % AN 4SA
Am. Beet sugar....,.',.''' 500 SSh 50