Omaha daily bee., 1910-09-04
BIG TRADE is INDICATED
Metropolis is Crowded with Brisk
Purchasers
OPTIMISTIC TREND HOLDS SWAY
Bankers Are Giving out Most
Cheerful View of the General
Financial status of the
Country.
ny PRESTON @ ADAMS.


NEW YORK, sept Especial to The
Bee)-If the number Of buyers in New YORK
is a criterion, there is going to be pig
trade all over the country this season Inc
wholesale district is crowded with mer.
chants from all sections Of the country ana
with hardly AN exception they take rosy
view OF the trade situation back nome. New
York merchants and bankers take the same
view somewhat modified maybe.
While admitting that trade has been dim
finishing and that the retrograde movement
may not cease for a time our bankers who
delye deeply into the subject express con-
fidence that, when Improvement comes,
conditions will be such that the recovery
that the experience or 1907 taught
reproduction. This lesson has not been
forgotten. The enthusiasm with which 1910
was entered had given place to more sober
ideas and producers Of all classes have ad-
justed their operations to the less optimistic
outlook. This means that when the demand
for goods arises the supplies on hand will
not be superintendent, hence the effect
should be very marked.
Local bank presidents are spending good
deal OF their time in receiving visits from
out-of-town bankers, some of whom are
going no farther afield than New YORK,
while others are on their way to or from
Europe. The majority of these visitors carry
acteristc OF the virie west and the pros
porous south. They admit that perhaps
things went ahead too rapidly earlier IN the
year, but they claim that banks have cor.
rooted their over-eNtendcd position and VIII
be able to handle the crops without em-
barrassing the east. So long as the FARMER
is drawing wealth from the soil, at the rate
Of S. 900, O00, 600 or more per annum, II taxes
good deal OF political disturbance TO upset
the territory lying west of the Mississippi.
Politics are more matter OF sentiment
than wheat, corn, oats, hay and cotton are.
A feature Of the situation which is worth
attention is that twenty-eight railroads
have reported TO the Interstate Commerce
commission for June total operating rev
enue OF Sll259O94S, an increases as com
m I'D With pf S19 0lA OH. hut operating
expenses increased no less than $l2'222,S4
the total having been S7b,S46, 49, The operat-
ing n nSy So MsSs sbawng decrease Of
81 lO5, SIS fifteen roads recorded gains, while
thirteen failed TO retain an increase IN thelr
net profits; and net increases totalled SOD
665 but the decreases reached 49, ESQ. Only
one road kept its expenses below those OF
last year 49,
extremely satisfactory from the railroad
point Of view. In face of the state or trade,
however, the question forces itself 20 the
front, has this expansion been wholly que
to an enlargement in the volume Of traffic,
or have freight rates been quietly raised
by Redistribution or other devices known
Were not the New York banks carrying
a surplus reserve of between S5O,OOOOOO and
$50 100000, the advance In foreign exchange
to the level of 1861 for sight drafts might
have produced uneasiness in banking cir
oles but the rise in rates of almost IN cents
during the current month has been Wit
/
The monetary outlook both here and In
Europe has seldom been more satisfactory
than 1t is today. London Is making up It's
discount charge, but this Is quite proper
precaution to take at this time in race OF
the coming demands for gold and the de-
STABILITY of attracting French balances.
Our own money market Is still being
handled very cautiously yet this Is not
regretteble-an ounce of prevention is better
than a pound of cure.
Making those who pay their bills PROMPTLY
| settle accounts of the dead beats is the
main cost Of high living, according TO
George Gennerich, president of the New
York Wholesale Grocers' association.
! lone of the greatest perils creeping over
our business and every other line of trade
is the indiscriminate manner of allowing
credits. BY that you not only endanger
| the success OF your own business, but the
success and welfare of those 10 whom you
loosely extend credit. BY such methods
you practically invite extravagance, or you
! induce persons to whom you give reckless
credit, to live beyond their income. You
and the wholesale grocer, the manufacturer
or the producer from whom you purchase
| your supplies must bear the burden.
! "Certain 1t Is, that the profit the dis
tributer gets for his work is no more, rather
! less, than he has ever received, and in addi-
| ton to this, It is equally true that his
expense in marketing those goods is ma
terially higher"
about the farmers extravagance In buying
automobiles, has this to say:
1.-THE fever TO possess autos applies to
| the farmer, but he is buying II for the
young man and daughter at home, TO keep
| them there, and It Is going to help do Il,
I seem to see in this large movement TO
check the farmer boy from leaving the
farm. and II Is the hest movement that can
| be inaugurated today. OF course, we know
| OF cases where the choice was made be-
| tween an auto and a house Improvement,
! and where the auto got the call. The build
| ing project merely waits for the time being,
and do not feel that the country suffers
! like II might where the case was between
| an automobile and the necessities In other
words do think that there are multiplied
cases of persons buying autos who can III
afford them. at least not In our section or
| the country"
| Sugar Market.
| NEW work. Sent 3-SIIGAR-Raw