Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-02-26
new YORK STOCKS AND BONDS
Prices Move Upward After the Excite.
ment Of Friday.
RECOVERY ON LONDON MARKET
Condition of Bhsiness Reported Good
aud General Trade Throughout
the Country shows an Inn
provement.

NEW YORK. Feb. S-(special Teie-
grandfather half hour Of uncertainty
on the stock market today there was quite
a little realizing by traders and the mar
ket took on an appearance OF renewed
ot.Cubti.s viii on isCt ettEN OF dcuNlty as
prices showed a tendency to improve
Canadian Pacific, which, OF course, is not
concerned directly, but only through own
ership OF controlling interest I'm the 500
and other American roads, IN the discus
sion OF the Interstate commission which
was the strongest feature. rising on mot
crate transactions to new high record.
Steel preferred showed quite a little
strength and It's advance seemed 20 exert
| stock. The agricultural stocks were the
strongest of all. American Agricultural
/ Chemical advanced several points and Nir-
gtnia-Carolina Chemical made a somewhat
similar gain on rumors OF an approaching
settlement OF the German potash situation
American cotton oil sympathized with the
strength In the fertilizer group.
London Prices Advance.
Even before the opening Of this morn
ings market 1t was evident that yester-
days excitement had been considerably al
shares In London showed that the English
market had promptly followed New York s
recovery Of yesterday afternoon; in some
cases London prices we're above our own
cloSings OF yesterday.
Sales on the stock exchange today were
2Sl, 52 shares Sales yesterday, which We're
mostly in railroad stocks, were LOCO 93S
shares, the heavy transactions being due
to the rate decision OF the Interstate Com
]
The entire trerd of business during the
week has been of constructive nature
/ Business is not active; neither is It slack,
taking all industries into consideration.
! The volume Of demand shows little in
crease from week to week. Bank clear
ings Indicate this. They more Immediately
reflect conditions than do railroad earn
lngs, which are never an index Of week
to-week trade volumes, OF largest i'm
portance is the fact that the crops are all
getting a good start, and II they can get
Well through the treacherous month of
March they ought to show another good
aggregate OF value for 1911.
Country Shows Improvement.
The general trade conditions of the
country shows Improvement. Naturally,
there is more business at this time of the
year, due in great measure to retail mer-
chants taking spring stock and the agri-
cultural merchants purchasing the seasons
supplies.
With the exception OF the south and
southwest, where cold weather has pre-
/ vailed, climatic conditions were favorable
! to Increased consumption of merchandise
/ during the week and there has been an
enlarged distribution in various branches,
although conservatism has prevailed in re-
gard to purchases, merchants pursuing the
! policy of frequent buying in moderate
amounts, rather than the old way Of stock
| ing up for the season at enc time.
| This Keeps supplies In the hands of dis
/ tributers within reasonable limits, and
! shows that business is being conducted
upon a safe basis. The disparity between
/ the prices of cotton goods and the cost
| Of the raw material which manufacturers
have on hand would have resulted in more
/ continuance of curtaiment OF production
than has been noticed for some time past,
| but this has prevented any accumulation
! of stocks.
| The financial authorities in Chicago esti-
mate that the banks of the vast agricui-
tural region west OF that city have de-
| creased loans % per cent, representing the
| liquidation OF land mortgages. Inc painters
! OF the south have thus far received about
! S125 600 more for the current cotton crop
| than for the previous one and they too,
have been paying off mortgages. Further
| improvement was reported this week In
soil. conditions throughout the grain and
cotton belts which .justifies previous as
sertiOns that the acreage nlanted this