Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-04-23
THE OMAHA SUNDAY BEE. ApRrL 3. 1e1l.
BUSINESS CONDITIONS GOOD
All Visitors to the West Return with
Same Report.
nRoAD MEN OPTIMISTIC
only Discordant Note In the sons
Of Prosperity Comes from the
Narrow Confines OF wall
street.
BY PRESTON c. ADAMS.

BY PRESTON c. ADAMS.
NEW YORK. April IS.-(Speclal to The
Bee. lit may be thought | dwell too much
on the generally prosperous condition of
the country In these letters. But " Is
pretty big question which interests us all
and then prosperity is right good thing
TO think about. So III risk another para
graph or so on conditions.
Every man OF affairs who travels with
his ewes open through the west and south
business conditions, nothing in the way OF
boom be II understood, but a good, steady
consumption demand, people with money
enough 10 buy what they need and pay
for It. bright crop outlook and altogether
President Frank A. Vanderip Of the Ma
tional City bank for instance after a trip
covering nearly every state in the south
and west comes home a pronounced OPP
President B. F. Yoakun Of the Frisco
lines tells the same tale and so II goes
right down the line
The only dscordant note comes from the
purliens of Wall street. The common
people are either too busy, too wise or
both to go in for themselves, so the stock
and cotton brokers are compelled to play
among themselves and everybody knows
there is no money in any game where the
players are all professionals. The lamb Is
especially essential for pleasant and
grain.
Taking it by and large it is doubtful II
the country as whole ever was muCh
better off than II Is now.
EIectrifyinR Railroads.
One of the interesting developments in
American transportation Is the slow but
steady classification of the steam rail-
roads All the big systems which enter
New York are now using electricity so far
as their terminal divisions are concerned
and are gradually extending the zone of
electricity run trains
The identification of steam roads is as
yet somewhat in the experimental stage,
3 New Haven official is quoted as saying
but within q year you will see the New
Haven electrically equipped as far as New
Haven, and possibly work started on the
Boston end. Our engineers are now work.
ing on the question of the transportation
of freight by electricity, with very good
results. While the New Haven may not
be showing any substantial reduction In
operating costs between New York and
Stamford by the use of electricity as com
pared with steam, the general results to
date have more than justified the expendi-
progress made in the application OF cleo
tricity to steam roads within the next few
years, and this will show some rapid
changes In the conduct of the railroad
business Of the country"
List of "COme-Ons."
When the federal authorities raid ques-
tionable concerns engaged in the selling
Of mining and other stocks they frequently
find lists containing thousands upon thou
sands Of names and addresses. Surprise
is sometimes expressed that such collec-
gathered. Those familiar with the work
ings OF the financial districts know fairly
we'll how these lists come into being There
are men who make regular business Of
supplying these sucker" lists at so much
per thousand. The names are collected in
devious ways. Those who are ever induced
to reply to any OF the glazing advertise
ments OF promoters are forever after reg
istered as possible easy marks and con-
tinue to receive the most amazing offers
One OF the hest lists In existence has
been enriched by names supplied by
vended, II is said at 10 cents each, and the
seller derives nice little income there
from. When one concern is forced ont OF
for It's mail list. Thus the more energetic
promoters can, in course. OF time, compile
lists as long as their customers are short
Securities Float Easily.
In five years 81. 690,00O,oo0 bonds notes
and equipment obligations have matured
term notes have contributed fully half
$50, 600 to be exact. Bonds have been
responsible for somewhat under $4,000 900.
extensive installments that had to be paid
on stock issues, whereas scarcely one com
pany is now receiving funds under such q
scheme, The absorption Of new stock is
sues has been so indifferent that borrow
ers have either contrived to place bonds
have resorted to short time notes. As
brings few maturing obligations.
The production of gold IN South Africa
last month broke all records. The WELD OF
676,OS ounces Is comfortably above the
previous high figure, 690.64S, recorded in
December, 1908, when the total was swelled
by the customary cleaning up at the end
of the year.
In January of this year the WELD
amounted TO 65l, OF, easily high record for
that month, while February also contrlbu-
ted the largest total (6l0s8 ounces) for
that short month. For the first quarter
OF 1911, therefore, the production has to-
tailed 1887 $40 ounces, against l.7s1, 109 in
1910, 1,70, S31 in 1903 ard l,GT7. 100 in 1908 II
this rate be maintained. the grand total
for 1911 will easily eclipse that for any
previous twelve months, The value may
on this occasion approachh Sl75 O0o,0 900. The
whole of the Rand's output Is regularly
consigned to London by the weekly mail
steamer from Cape Town and is offered
each Monday in the open market from
whence II goes to reinforce the hank re-
serves of England or France, or Germany.
or the United States, or other countries.
81. LOufa GenaraI Aa.lxaa