Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-11-27
BROKERS ARE NOW WORRYING
Public Has Refused to Get Into the
Game Since Election.
TO MAKE EXPENSES is A TASK
Railroads Are 60 Keep Purchases Of
Rails Down Go Bedrock for 1911
-Commodity Prices Are
Failing.
IN PREsTON Q. ADAMs.


NEW YORK. Nov. 2s.-tspecial to The
Bee. stock brokers are worried Aney
had hoped with the passing OF the eiecuvn
the outside public would come lnto me
game and they would have chance 70
make expenses anyway. But the nope mas
been IN vain. The lambs have not been az
tracted and the market remains largely
professional. And there's mighty little
money In n professional market 40
Now the date ~ revival Is put OH UNIV!
after the holidays by which time IL Il hoped
the freight rates. the antitrust cases ana
all other vcNatons for the souls OF honest
brokers may be out Of the way.
Railroads buying Few Rails.
That the railroads will keep their pur-
chRscs OF rails down TO the lowest possible
point for 1911 seems to be admitted IN hoth
railway and steel circles, but they can
scarcely be smaller than they were during
1919 Since the first Of January the rail-
roads have contracted for l.EO,OOO tons, or
which 100000 tons were placed during ! tne
last quarter OF the year Some OF the 1910
rollings however, were provided for durinE
the latter part OF 1903. but II IS doubtful
that the rail mills will have rolled over
year, whereas the capacity or the mills Is a
! little under 100000 tons annually, about
half OF which Is accounted for by the Steel
corporation, including the Carnegie Gary
plant alone has a capacity Of about bOO9
tons per day. It is thus evident that r9il
contracts during the current year were only
about one-third OF total mill capacity. IL
Is expected that greater activity VIII be eN-
perieneed during 1911, but thus far the out
Apparently the situation, viewed broadly,
| Is beyond the hands Of both the railroads
and the steel companies, ana even the
! financial aspect is dependent upon public
sentiment abroad as we'll as at home. Thus
! the situation may he regarded as tnterna-
! tional. The contracts for railway equip
ment other than rails are also dependent
! upon the same conditions Orders for
bridges may be indefinitely postponed, but
| purchases Of rails and cars will be neces-
! STATED by maintenance requirements IL
nothing else
| Drop in Commodity Prices
! Commodity prices are falling. Already
! the housewife finds her butcher easier to
deal with. The retail grocer may try to
| hold up prices for little while longer, but
the tide is flowing against him. Only
| beginning t. IL true, has been made in
| lowering the cost OF living, yet there are
| accommodating evidences that considerable
Roadway will be made. II costs a great
| deal less today to feed cattle. sheep and
| pigs than II did last year. The numerous
! products manufactured from corn, wheat
and other cereals can also be more cheaply
produced
This lowering Of the price Of raw material
ought to make Itself felt through the Job
bers and wholesalers to the retailers, and
ultimately to the consumer. The process
| usually is a slow one, but there Is sun
sufficient competition left in most fields
to bring about reasonably early readjust-
managers Of our great corporations de-
J clare that they are heartily glad the ten
denoy is toward normal price levels. They,
| perhaps, are actuated by the knowledge
that, II the public's lot is made more COM
Portable, the threatened tariff revision will
be Kept within bounds. whereas II the dis
content should remain at white heat the
schedule might be revised recklessly, espe-
cially as both the democrats and the repub-
licRnB bent upon winning popularity
through cutting the tariff
LOree Gives Good Advice.
/. F. Loree, president OF the Delaware q
Hudson, who was a member of the party
! which has returned from a lOO0O-mle in
speoton trip Of Hartman roads. in dis
| cussing his experience recently, said!
| Everywhere you go in the west men ask
you how to get in touch with people who
have money to invest. The need of capital
out there for developing resources Is APP
parent on all sides. All could tell them
is for them to make friends with men who
have control OF capital, and then play
IAN inspection OF the Union and South
ern Pacific lines certainly makes the east
ern roads begin to look out OF date That
applies to the way business is handled as
we'll as the equipment. For example, the
Pennsylvania does not own single Malet
one, bought in 1901. On the Hartman
roads powerful locomotives OF that type are
not only used to haul all freight over
yards as pushers. l imagine most eastern
railroad men would be greatly surprised
to see how smoothly freight is handled out
in that territory"
New steamer Line Projected.
Worcester (Mass) manufacturers are
deeply interested in the plan to establish a
ports as they think Il would give them
splendid opening to increase their trade in
the southwest. being enabled to ship their
goods more economically.
The plans for the proposed line are out
lined in a letter President Charles T. Tat
man of the Worcester Board of Trade has
received from President Barnard j. Roth
we'll OF the Boston Chamber of Commerce
and the practicability of the project is de-
sCribed in accompanying report made
by Robert Rantoul. Boston, who made a
thorough investigation Of conditions This
report was considered by a special group
Of members OF the Boston chamber promi-
nent in financial and business circles who
had furnished the necessary fund for the
survey in Texas. II was by them for
warded to the executive committee OF the
chamber who, in turn, passed II with their
endorsement to the directors. and II was
finally acted upon and unanimously en-
doTsed by the largely attended meeting OF
the Chamber OF Commerce
The Boston chamber decided that the
\ enormous Increase in New Engiands trade
| with the southwest, and an equitable ADJUST
ment OF transportation rates rail- and
water, to that great territory. Such line
would In effect bring Boston as near Cal
weston as cities which have 50O-mile rail
haul. This Is $50 miles nearer than 10 st.
Louis, the most formidable competitor for
the southwest trade. II would bring Bos-
as near TO Galveston as II Is 20 Buffalo,
and at the doors OF the population In
sets and Rhode Island combined, besides
opening up direct and cheap route to
| Mexico. Arkansas, Oklahoma, Colorado,
Utah New Mexico. Arizona and California.
Millions or dollars worth of New Eng
land cotton goods, hardware clothing
boots and shoes, Tubbers, drugs and other
manufactures are consumed in this terri
tory, and millions more will be required
in the future 70 take care OF its growing
population.
Relative 20 the affairs OF the Baltimore
& Ohio system, President Daniel Willard
Is quoted as saying:
AT present we don't propose placing any
orders for new rails OF equipment We
serve present demands, and our rail re-
newRls IN past years have been sufficiently
liberal to carry us over another year N
necessary without detrlment TO physical
conditions. We are rather cautious in
adding 90 our commitments Just now. for
the future looks quite uncertain. Operating
expenses have increased TO such an extent
that they more than consume any increase
IN revenue
Oils and ROsin.
SAVANNAH. Nov. 26.-OILs-Turpentino
firm, at I4iAc.
RosIN- Firm; tyre F. S7Oa6 80; O.
{5.72ha5.90.