Omaha daily bee., 1911-04-30
new YORK STOCKS AND BONDS
Great Improvement Shown in Finan-
cial Condition of the Railroads.
BANKERS TAKE BLOCKS OF BONDS
One Hundred Million Dollars In Sc
curities Are Negotiated In Money
Centers During the Past
Week

NEW YORK. April 29.-(Special Tele-
gram)-Of overshadowing importance In
the business world during the week has
| been the Improvement in the financial con
di ion OF the railroads
over the last ten DAYS considerably moro
than SlOO.OOOOC Of new financing has APP
peared, either in the form of offerings of
bonds contracted for ny the bankers a
little while previous or new amounts
negotiated between the railroads and the
bankers during the period
The items that go TO make up this large
amount are:
Seaboard Line. s23O00.OoO.
Stephenyille. North & South Carolina
railroad S2.OO0OOO
Kansas city & Memphis bonds. $4,000
LEU svlle & Nashville divisional bonds
$1,000 O0l
Atlantic Coast Line. 100000.
Chicago 4 Northwestern S7,5Oo.0oo.
Central New England bonds, $l2 800 900
Big Four bonds. $10.Oo0O00.
Chesapeake g. Ohio notes, $4,000 900.
marlborough Rapid Transit notes, &c.,
National Railway of Mexico notes &c.
a further item Of s3o,OoO.oOO for Chicago
y Nortnwestern Elevated notes might be
included as among the financial negotia-
tons of the last few days
Big Acreage to BE Planted.
While there is no great change in the
business situation, the general trend has
been for better conditions. That a large
crop VIII be cultivated during the season
is indicated by the heavy sale of mules
and horses in the breeding sections Heavy
purchases are reported from all Misso Ir
river sections. In western Missouri Kan
sas \and Nebraska dealers speak of the
demand OF the season as unusual For the
tirst quarter Of the year Kansas City
received 412 head, compared with % 1855
IN 1910, making a gain of ll576. During
March alone the receipts We're more than
one third larger 10,211 head having ar
increase of 1899 head Shipments show
corresponding Increases from 1910 in March
1910, to 1895 head in March, 1911
thirteen markets in the west for Janu-
airy and February. during which time much
of the distribution for early farming oc-
ours. show gain of 40 per cent in horses
and mules received over the business of
the preceding year.
Iron and Steel Trade.
The movement of iron and steel trade
is shown by the advance sheets FROM the
monthly summary of commerce and fin
ance Of the Department Of Commerce and
Labor, which give total exports OF iron
and steel not including ore, for March,
I NJ, as $22'59l'S4S as against $l725S,5O3 in
The Seaboard Air line has placed an
order Tor 1900 tons of rails, Rock Island
10000 tons and Duluth South Shore 5000
tons, making total of 10000 tons
The ADVENT of nearer approach to sea-
sonable weather in some sections of the
country has helped the retail business,
but wholesale trade has made but little
response and remains generally dull.
Taken in all, these factors indicate that
economic conditions for prosperous year
In business are good and the early plant
ing indicates fairly large crop will be
cultivated
The stock market, which continued strong
during the session, closed less active than
1t had been during the early hours. The
sales for the day were 240,611 shares. Read
ing led the list, with United States Steel
and Union Pacific following closely.
The Bank Statement.
The wide diversity between the average"
and actual bank statements today indi-
Gated that the bank position weakened
considerably after the middle of the week
This was evidently because of the outgo
of the cash, and because of increased loan
expansion for loans decreased In the week.
end, showing where they expanded slightly
on the daily average.
The first thing to strike the eye In the
bank statement is the discrepancy between
the changes in average and actual cash
holdings of the clearing house MEMBERS
In the average there was shown an i'm
crease in cash of 1920, 200 whereas in the
actual an increase of only $780, 100 was dis
closed
The changes in loans were no less re-
markable, in view of the syndicate opera
ttons of the last week. A small increase
In the average figures became a decrease
of 81, 800 in loans in the actual while
the trust companies increased their loans
to the extent of S6,029, e0O
The average surplus now is $4O,6S3175,
which compares with 1911, $50 in 1910, $11,-
10000 in 1909 and $50, 352, 800 in 1905
or saIaa and Iaadtna