Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-04-02
new YORK STOCKS AND BONDS
Business Outlook for Spring Said to
Forecast Prosperous Season.
BANKERS EXPRESS CONFIDENCE
Movement of Commerce Indicates q
Large Trade, both Domestic and
ForeIEn--Big Deal In Bra-
stIian Coffee.


NEW YORK. April 1.-lspecial TeleEramN
The business outlook Tor the opening Of
spring is all that could be expected for
the forecasting Of a prosperous season
the most interesting OF the wear for flnan-
cial and banking circles Monetary COM
phcstons are not infrequently threatened
at the end Of the first quarter OF the year.
as very extensive settlements have to be
arranged for at London, Berlin, Parts and
New York, the dividend and interest paw
ments in New York at this time being
estimated at almost Sl500OOO00
The week passed very quietly In financial
took place This has been due to the
cheapness Of money all over the world
Bankers, with few exceptions, express
confidence that during the second half
of 1911 conditions will be considerably inn
proved
Features OF sureties Market.
The addition of S79.5OO,OOO OF securities in
vestments other than in the United States
bonds seems to have relation to some
features of the suretes market and to
the new financing Of the year, which lie
unQuestionably reflected i'm the loan ac-
count TO the extent that analysis Of re-
turn has been possible, the detailed figures
show that the banks of this city and OF
Chicago are responsible for all but a small
part of the increases exhibited in loans,
deposits and cash. A very legitimate in
ference from this is that there is reflected
i'm these changes the underwriting syndicate
activities connected with the flotation of
new sureties, and Il Is in relation to the
lOQBeInenJ OF SuretleS, DOIn Gald ana new
and in particular to the new financing of
the year, that the latest bank report con-
| tains its most important Implication.
The temporary credit for certain kinds
Of borrowing, notably on short time com,
mercal paper, and collateral loans, is in
respect to rates as easy as could be de-
sired.
The movement of commerce has indicated
a large trade both domestic and foreign
One Of the largest movements Of commerce
for the week was that Of coffee through
a deal consummated by the valorization
committee Friday.
Big sale of Coffee. ~
The local representatives of the commit
tee charged with the management Of the
valorization stock of coffee, held by the
Brazilian state OF San Paulo, have an
nounced the results of the sale of 10000
bags OF coffee In the various markets OF
the world, in accordance with decision
arrived at by the committee at a meeting
held in Paris February "a.
In Europe 100000 bags had been dis
| tributed for disposal at Havre, Antwerp,
/ Rotterdam and Amsterdam, and the same
/ amount will be sold in New York to an
approximate total value OF $t0,OOO,O0O
! The situation, generally, is such as to
make good crops this year an all-import-
ant necessity, particularly because Of the
! depression which has begun TO spread over
the west, the country's power, the house
! Of economic energy. The depression there
\ is of course, the effect of the large de-
| crease in western buying power and debt
paying ability. which has been consequent
I on the declines in general prices espe-
cially for agricultural commodities and
! farm products. Such commodities and
/ products will completely reanimate the
west after 1t has become accustomed to the
new range of prices, and IL the agricul-
| tural and farm year is satisfactory In this
| respect, we can all doubtless quite af-
! ford to forget the spool1s and spectres
! which politics has been conjuring up. Per
/ laps we cannot Ignore, but we may en-
/ dure and overcome the drawbacks of tar
i ff revision agitation, the impairment of
/ corporation resisting legislation. and the
] mT.E.
Hong as crop outlook and returns are re-
assuring. ~ Nf s-
! Undoubtedly this IS why some of the
I shrewdest Judges Of the stock market and
| operators therein frankly express the hope
that quiet in lWaH street will continue and
reflect or anticipate for months to come,
or until the crops are practically made,
/ quiet throughout the country.
Light March business.
! The stock market; was exceedingly duh
/ today. There was little rally in the clos
ing hourgof trading, on the covering of
| few shorts, hut IL lacked snap and did not
! induce buying of another kind. Sales for
\ the day were light.
! The. days record merely continued that
of March, total footing of whose stock. ex-
| change transactions is the smallest Of any
March since 1897. rf-
! In, view of the active demand for credit
at the April settlements and Of the weeks
| operations in bank shares, a large increase
| in loans might have been looked for in,
4 the weekend bank statement. Instead,
/ The seeming anomaly, however, Is not
wholly difficult to explain The trust
4 company statement showed that those in
stitutions had taken care of a $40 800, 900
loan expansion and It is also known that
| New York has drawn somewhat freely
on its London credit balances On the
other hand, the weeks loss in cash hold
| ings by the banks Is larger than yester-
days estimates foreshadowed. The S. 800, 600
| decrease on this account resulted in the
| lowering of the surplus reserve by a. 400, 600.
| The surplus, at S25,4OOOOO, is now at the
/ lowest figure since >the opening week OF
January. 1t still. however, exceeds the
surplus of this week in any recent year
except 1908 and 1904.
Number of sales and leading quotations
! on stocks were as follows:
Sales. High Low Close