Omaha daily bee., 1911-01-15
MORE BIG SHIPS ARE PLANNED
Boats One Thousand Feet Long to Be
Put Afloat
CUNARD COMPANY TO BUILD THEM
Cotton SpinntnW Industry of New
England Much Livciicr TbRn ~
the SOuth-MRny Cont
pnnics with Big Capital.

RANANN WIN hAA NNHAN''
ny PRESTON c. ADAMS
NEW YORK, Jan. 14-tSneciR to The
Bee)-Of the building of big and better
authority than chairman Booth OF the
Cunard company Is sponsor Tor this state.
mcut Already the lWO-toot 6oON-tor
leyiathan is practically In sight aud ever
these almost unimRgiuahlc dimensions are
TO be surpassed according to the great
II is i'm obedicncc to the natural business
law that the ocean carriers are To 80 on
increasing i'm size The cost VI carrying
freight and passengers does not Increase
In anything like the same proportion with
the size of the ships and these days OF
small profits the results are inevitable.
Ships must increase I'm size until the limit
OF economy is reached.
Unrhor Facilities LACKING.
The only thing that stands In the way OF
the lOS-tuot ship now is lack OF harbor
facilities 10 care FOR SO huge vessel and
on this point Mr. Booth says: But as
Stunning that "a particular trade can be
carried on with markedly greater econ
omy in ships larger than the ports con
cerned can accommodate win these ports
not be forced sooner or later to provide
the necessary facilities II We are again
TO judge by the past the answer can only
be that they will be so forced Uarhor
authorities, therefore, like reformed
House of Lords, will have the power Of
delay, but not Of absolute veto. II would
indeed be dispiritng thought II we were
really approaching the end of our tCthCr
/ For myself l decline to admit any such
| thing
Many New SpindIes UumminE.
| one of the interesting developments Of
the cotton spinning industry for 1910 is that
| twice as many new spindles were put into
operation i'm the New England states as in
New England claims 46S1l4 spiudlcs in
stalled In 1910, as compared with h99 600 In
1909, a decrease Of 20 per cent, whereas the
/ southern states report only 2lA02S spindles
this year, as compared with 80 527 spindles
last year, a decrease Of so per cent, Two
thirds OF the new spindIes Installed in the
! United states in 1910 are to be found in
New England. This is the result of we'll
known conditions i'm the trade. The manu-
facturo Of coarse goods has been hit the
hardest by the advance in the price of
cotton, because 20 large a part Of the cost
of such goods is for raw cotton. In the
cost or Zine goods, ON the other hand
labor IL "A much more important item than
IN low goods Thus IL is that an Increase
in the cost of the raw cotton affects the
production of low grades most. As a result
j we ind the development of cotton manu-
featuring retarded chiefly in the south
medium goods. In New England a much
larger proportion of the product of the
cotton mills consists of fine goods.
New Companies Heavily Capitalized.
According to statistics specially com
piled by the journal Of Commerce, the new
companies organized in the eastern states
during the year representing N,O)0,00O Or
more as well as increases in capital, Will
Involve SltSOt, u I, 4OJ, lnlS IS muCh larger
thHn the aggregate OF any previous year
since 1906 when the total was S2,2g1 970, 600.
The banner year for interpretations WAS
1901, when the gigantic Steel trust was
formed and the charters taken out In DIFF
ferent states reached the phenomenal total
Iof 37Hl@.OOo. interpretations outside OF
those eastern states swell the 1910 total TO
&'222.'Or $50 Adding companies in all
states Of capital OF 100000 and over, but
under SlOCOOOo, the grand total would be
brought up to 2,S69 Ol3,742, thereby making
; 1910 the big year in the matter Of incor-
porations
Brewers short of Hops.
That the breweries of the United States
are facing the worst shortage OF hops in
years is fact the trade rs being made to
realize rather forciby by recent occurr-
. ences in the hop market. Those who have
been following the statistical situation
closely have foreseen a time during the
, present. season when supplies should be
/ likely to run altogether too low for com.
= fort but they were not prepared to come
, upon It thus early. Conservative estimates
a by the local hops trade places the totA
stocks unsold in this country at only $50,
bales in comparison with 1900 at this tim,
I, last year. Prices have been advancing Of
/, late with steadiness that has impressed
itself on consumers
+ The total stock of Oregon hops remaininI
o unsold is said to be less than l. 800 baIes
In Washington there are about 1000 bales
V In California, 5000, and i'm New York stat
/. less than 1000 bales. These constitute al
b the hops in the country outside OF the re
: serve stocks in owners hands, and Will,
y these are estimated as sufficient for the
e requirements until new crop Is availabl,
, so that there VIII he no actual beer famine
a It leaves the outlook an uncertain one 70
T. next year.
}. Interest and Dividend Payments.
~ Total dividend and interest payments dur
y ing 1910 have reached $l,6I3OOOOOO a new
Il high record This total is Sg5, OOOO 900 in ex
: cess OF tho new capital issued during III
. year A different comparison was show
: a year ago, the disbursements then havinI
. totaled Sl,22i 100000, against new security Is
sues of Sl6A2 100000, or 1858 600 GOO below IN
- new flOtatlOns Notwithstanding all IN
- complaints OF poor times during 1910 tn
" volume of business handled has been ava
= above the average; indeed, in many direc
= lions new records have been established
- The Increase Of S2S9, 1000 600 in dividend an
. interest disbursements, IL should be eN
, planned has been due, however, less I
- increases in rates than in payments o
. new stocks, bonds and notes. issued durln
- the last eighteen months, although ther
" have also been notable advances in the div
= unds declared by numbers OF importar
, railroad systems and industrial corpora
!, tons. II 1911 brings nothing worse tina
: has been experienced In 1910 stakeholder
= VIII have little reason to grumble
a Many New Banks in south.
b, During 1910 new banks were organize
and began business in the south, with al
la gregate capital OF N.420,OOO. Fifty-five bank
lc mat began business previous 10 1910 IL
s. creased their capital s2544, 500 in the aggr,
sr gate during the year just closed maxim
* total accession TO the banking capital {
number
or new banks includes fifty national and 8
e. state and private banks and trust con
s. I panies.
~ stock Sales Decrease
Sales Of stock on the New York Stock O.
change for the fun year, 1910. win aggr
gate in round figures, $1,000 600 600 again
es S2lJOO 1000 I'm 1903 decrease OF s. 600 OOO
" 900 on tho one-eighth Of ] per cent has
G. the falling off in commissions would
" equal to So $4,000
d. London Leads in Hawking
London rs still the worlds banker TT
NJ Economists annual statement OF ne
e. capital applications show an active Il
si crease Ina financing foreign enterprise
British capital In all fll5OOOOOO (S575 GOO N
has been invested I'm foreign countries du
ed ing the year, which Is f22 90 OOO $50 900 ID
TX more than last year and eos 10000 $3.50 Os
e. CJD more than In 1905. which heretofo
has held the high record i'm total can't
- llotstions on the British market
~ The total capital applications for u