Omaha daily bee., 1911-03-26
'LOVETT TALKS OF OPTIMISM
President Of Hartman Lines Tells OF
What He Finds in the West,
FEELING coon EVERYWHERE
Everyone ~ Exprcting Good business
aud Head OF system says lie Dis
covers No Disturbing
Element,
BY PRESTON e. ADAMS.

BY PRESTON c. ADAMS.
Few men are better qualified to express
an opinion worth while as TO the true
business conditions OF the country than
the president Of great abroad system
As a rule these men are optimistic ror
Hartman lines. who says ON return from
a tour Of the lines
THE feeling Is good Everyone Is expect
ing better business, ana observe no dis
turbing factor. nor was any suggested. rho
outlook for good crops, m view OF the UNI
usual rainfall. is very tucouraginG.
Excepting eruptiuus here ana there, the
people seem ConsCrN atiNc. and the feeling
toward the railroads is guod.
while our earnings have fallen Off and
probably will continue Tor some time TO
run behind last year, yet IL must he re-
membered that last year was with us un-
precedented, the gross earmngS OF the
Southern Pacific In excess OF SlO,Uh1VOo, and
OF the Union racIIic IN exc ~ OF 81 uJ'.uvJ
over any previous year in their history.
Compared with previous years We have
FinuncirrS On Vacation. ~
The spring vacation season has opened.
FinHuCicrs have either lyrt New ork IN
| large numbers or are preparing TO 10. VIII
! liam Rockefeller has left for tho south
4 His more famous brother, John D., is en-
! juslng himself az georgia. AR No gan IS
/ hodaying in Europe and not allowing
| himself to be bothered OvCrmuch by de-
| VelOpments here.
otto H. Kahn has sailed to be gone, he
! hopes. lor Iour on lN, months, unless
1 something unforeseen occurs to summon
I him uouty. Gaines SULLIVAN rs iU a. vest
and so is Daniel @. Reid. President Wander
! lip OF IN. .,,uUHaI city uauN a. pusN
! speeChmaknE in the southwest and has
/ undergone the common experience OF be-
J coming tremendously enthusiastic over
what he has seen during his tour. Ter
nard BaruCh has gone south. James Speyer
| is on hand and will not HE himself off Tor
! some little time, George w. Perkins Is ON
| a visit to the south. William L. Corey IS
in Europe. Norman II. RCam Is in Au-
! gusta. Anthony \. Brady has gone to tho
! west luu g.. ires'ueht 3, ol' ut g.. Z nll,u
states Rubber company Is on European
| trip, and contemplate a visit to AFRICA.
Other big men IN tho financial and bust
ness world are taking things comfortably
Sir Edmund Walker, the Canadian
banker splits up the foreign capital sup
piled to Mexico as follows; First, British,
including Canadian, about NOOVOUO0; about
W per cent being invested in railways, 40
per cent in mining and % per cent IN asrl-
cultural and other industrial enterprises.
second United states, about 81, 900 900 900;
about 30 per cent invested in railways, 70
per cent in mining and the balance IN other
Industries. Third, French German, Belglan
Dutch and spanish, about $3OOOO0OOO, IN
vested largely in bank stocks, in manutac-
lures, and in wholesale and retail trade.
Savings banks BnrOmcters,
The present period of the year is usually
the dullest in the twelvemonth with the
savings banks ANY deviation from the or
binary routine or uncommon aSuVlty ON
to make itself quickly manifest. Al the
best savings institutions of the city no
signs are seen of any material change or
conditions that have prevailed during the
last half year. Toward the beginning or
April from which interest Is allowed to
be reckoned by some banks, more briskness
in deposits Is looked for. May Is a month
in which heavy Withdrawals are customary,
and before half the year, there Is again a
process Of accumulation. OF late years the
greater savings banks have been becoming
more and more representative OF the whole
city, their depositors being less ana Tess
Ia toni
! The increase OF deposit acCOuIJs whlch
most of them report would Indicate the
whole community In spite OF the apparent
| stress and comparatively hating business
has been able to put spare money into the
| savings banks.
The savings bank managers put aside the
rumors that their increases could pc
!, ascribed to nervousness on the part OF their
= clients, owing to the general hesltaung
/; condition of trade The gam mace py soihe
| of the stronger banks since January whlch
| In one or two cases has been pronounced,
may fairly be considered due in no slnali
degree to the higher rate OF interest paid
by them as against their competitors Ihe
decrease in business since the pnglnWhs
of the year relative to the total is regarded
as too small to be taken INTO account as
anything but seasonal fluctuation.
OF the thirty-two savings banks IN New
. York county twenty-ono are on the DaSls
-, of rate of per cent of dividends for the
: wear. nine on that of 3ik and two on that
of 3jh and 4, according to amount
suez Canal Traffic.
, Worms & Co. of Port Said report OF the
!. traffic through the Suez canal Tor inc ysar
lust passed shows that the total number
of vessels that navigated the waterway
r were 1888 having a gross tonnage OF ~
+ Oj4,9Ol, as against 4239 vessels OF zLOOoe4
D tons I'm 1909.
. The following tabulation gives the per
; centage of respective flags based on gross
0 tonnage which passed through the canal
< While the American flag ends the list VIII
: the smallest percentage large portion
T of the shipping registered under the Brit
J. Ish and German flags carried wholly
! American CargOes or merchandise con
}. signed from the far east for this country
| oio''~N - - y q