Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-02-26
RAILROAD SHORT TINE NOTES
Plans Forming to issue Them Bein ,
Watched with Interest.
BONDS WOULD REPLACE LATER on
Bradstreet's index Number shows the
Prices OF Commodities Have be-
gun 60 Rcccde--BiE Gain In
stock values.
BY PRESTON c. ADAMS.

NEW YORK. Feb Especial TO Ihe
re- 1.-THE financial world is watching with
a good deal Of interest the plans of some
Of the big railroad interests for the IS
suauce OF millions OF dollars Of short time
notes. which must be replaced later hy
bond issues Announcement has Just been
mace Of such an issue, amounting TO so
100 OO hv the New York Central and an
adSit onal $1,000 o1o BY the Baltimore x
the Issuance cr these notes Is takon as
pretty clear indication that the absorbing
power Of the hord market is still hmitea.
n IS hardly probable that these roouS
would offer notes rum ng Cor two or three
years N long tine bonds could be placed
or anything IKE satisfactory terms.
To these OF us who lave been caught by
tho increas a cost OF the necCs sltias OF he.
lard who OF US have notO the announce
mem that the prices OF commodities. ms
measured by Bradstrcets index nunh-',
ton. 1t Is particular noteworthy that TINS
decrease amounting to nearly Sh per cent
during the year has been caused nv the
reduction IN the priccs OF foods ufts. h1lfr.
cheese. eggs and flour showing relatively
the greatest drons. While prices OF food
onmals also sumpcd during the period
January 10 February 7, 2 contrary move
ment or an upward tendency was dis
played in connection with beef hos ana
mutton carcasses. Perhaps TIC PACKERS
could tn why II they would.
Sxtv railroad and Industrial stocks on The
New York ock exchange have apr clot'd
in to'Tl mark value Fi1ce y 'mh7r ac-
GOIfluE TO SUI I >. it% tOUlINlfN Nv q N'f'l'lL.
nal Of Commerce end Commercip INi'lot'n.
no los than S51S G75 1888 or an ave, age OF
50 GA 600 fcr 'ac' company Thu advance
av ragged so points.
The railroads have improved more than
the inCustrials Thirty railroad igsl's have
Increased IN quoted value Sos 1896. an
average Of 81 OlS 63S
The quotation for the railroad stocks 81
TIE highest TIA Il has been at any tim
Stree the latter part Of Nav la9t. Will
the industrials are M 70 their high level
L Of LOT Nn. md nra1a ell hr1n IA
maximum attained last Tune.
Optimism is the correct attitude for the
railroad man according 10 President
/ Lcvett OF the Hartman lines.
| President Lovett saws: The Harriman
lines are going 10 complete the $40 no f01
! worth Of improvements from omaha &C. The
! Pacific coast re~a~6l IS OF n0v decisions
OF the Interstato Ccm-~ercc commission N
the rate question. T1ese INN o. nieUts.
/ IN u5le T. Acme Ct a nuwb Of lines
| from Omaha west, were decided upon some
! tire ago.
so far as we ara concerned. any doc'sirn
Of the Interstate Commerce commission IN
the matter won't affect our morovCm ,nts
/ Ex-Judge Charles L. Fishback Of Chi
cAgo, who is partner IN ono IL the biggest
/ bord houses In tho wrss was In the CITY
] r. Gently JUDGE FishhaclS is cbo is,-,a-, e
a comn.tteo OF 100 Of Ch'caqo's promlnen,
>citige~s which is DO ming the National
/ IrIigetion congress. tina, WI told its ni2e
teenth session on the shore OF Lake MictA
gan next December.
Financial conditions in the west are
! on the mend" said Judge Fishback.
Everybody recognizes that since January
] there has been an upward trend NV
firm g interested in bonds on the natural
resources OF the country ana 7 NAV saw
that the market has improved and ~ still
improving, 70 the qualification of all cur
people have never known a better OUT
look than there Is today.
Some OF the railroads have had an idea
that freight rates ought TO be raised. but
the annual reports Of the Hll system the
Hartman group. and the Santa Fe. show
their earning power is increasing. and that
general conditions, as between the railroads
and the people, are very much better in
! every way
81 understand that J. p Morgan has in
view some big plans for the railroads OF
the south, especially the Southern railroad /"
writes one well-nformed commentator.
THE southern states are in a new era.
For years cheap cotton kept them poor.
New economic conditions have made plant
ers rich The value OF cotton, exports In
| t9l0, as recently told by this government,
reached the unprecedented total Of $500
100000. One of the ablest experts in the
country tells me that all indications point
to an increase In these figures in the cur
rent calendar year to over $780, 000,0 900. The
cotton crop Of 1910, with by-products, was
worth $1,000, 900 OOO."