Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-04-16
NEW YORK STOCKS AND BONDS
Prices Hold Steady, but Trading in
Wall Street is Slow.
CREDIT IS EASY AND ABUNDANT


"hhAt tue
Business shows Up well All
Along the Line.
NEW YORK April 15.-Cspeclal Tele-
gram. THE stock market gives evidence J
country are being subjected to test OF
soundness more severe than that applied /
by activity at high pressure. There Is eX-
tremely light buying and selling and has
been for some weeks past but prices have
kept the even tenor of their way under
healthful condition of the business world.
No doubt in the present week holiday
consideration the prospect of the long
recess from Thursday night until Monday
morning influenced tho desultory dealings
of the inveterate traders in stocks, but II
Wall street sentiment or feeling, or the
lack Of feeling were consulted, IL would
be difficult to associate the present bust
speculative community has in mind.
Yet there is a broader aspect to the
financial situation which in longer view
than the next few months produces very
different impression than the survey OF
more immediate facts. From this stand
point the things to emphasize are the
great changes for the better which have
occurred in the essential features OF the
situation as compared with year ago. Inc
liquidation in the stock market in the
commodity markets. in the trade markets
themselves, has been most salutary
process. 1t has released great stores of
tied-up capital made the relation between
normal and sound, rendered credit easy
and abundant
Money stays in Europe.
Foreign trade, instead of recedlng at
disquietng rate, has risen greatly in favor
Instead of owing large amounts abroad,
which were being met by corresponding
| advances of foreign. capital bankers have
! large balances to their credit in the FOR
| eign markets, which they are keeping there
| because Europe offers, for the time being,
more profitable field Of employment
FNtnrf toll of lRY N
| policy long pursued by merchants and
! manufacturers of buying only for immedi-
ate needs are to be sure rejecting them
! railroads and industrial companies, but
| such measures OF economy are bound TO
! benefit in the end
The Industrial and agricultural outlook
| showed decided Improvement during the
| week. The government crop report Issued
from WSshi9gGn 2q E t9s es blabes T HTTp
| compares with ga 900 bushels In Decem-
Der, 1910, 4s7, 100000 in april 1910, 4SSSO8,oOo
in April 1909, and 49S, BOG, 900 in April, 1905.
The estimated rye crop was "a, $4,000
| bushels Estimated yield per acre of win
ter wheat was l5.7l bushels; But the ind ,,,
last years actual average of 15,S bushels
The Industrial field showed decided inn
corporation at cost of sS,50C,OCO, were put
Week. Besides the by-pIoducts these
ovens will produce 25OO'OOO tons OF COKE
| annually.
steel Trade is Good.
The Illinois Steel company reports orders
| for g. 800 tons of rails. The Tennessee Coal
and Iron company reports 735 tons sold TO
the Galveston, Houston & San Antonio
railway and about 700 tons OF scattered Or
ders.
The recent order placed by the Hartman
lines is apportioned as follows Illinois
Steel company, q, 225 tons; Tennessee Coal
and Iron company, lSOW tons, and the
Colorado Fuel and Iron company, about
$500 tons, making q total OF To- tons,
March was one of the best months in
the history of the steel trade In the matter
of earnings Certain Independent COM
panies report a net income close to the
highest level ever reached The steel cor
poration's net earnings for the month must
have been close to $ll.0OO,OOO, or AOOOOOo in
excess of earnings in December,
The stock exchange was closed for an
London today. The weekly bank state
ment, which was published here as usual,
made an Unexpectedly strong showing. The
actual weekend figures added $5,7OoOOO to
stored TO the highest figures since March 4,
The weeks increase resulted from $780,
O0O gain in cash. which far exceeded esti-
mates. The trust company loan expan-
sion of $40, 1900 explains how the banks
were able to keep their own loan increase
down TO t2,sOeOoo,
Statement of Clearing House Banks.
| NEW YORK. April 1.-THE weekly
statement of clearing house banks shows
| that the banks hold $Sl ,6O6, $50 more than
| the requirements of the % per cent reserve
rule. This Is an increase Of $512S,525 in
tho proportionRte cash reserve as COM
pared with last week. The statement fol