Omaha daily bee., 1911-03-26
new YORK STOCKS AND BONDS
Trading Not Active, But the Futur,
Said to Look Bright.
TRADE CONDITIONS LOOK GOOD
JObbers and Retailers Report that So
Far This Year the Business Has
Been Generally Very
Prosperous.


gram. while the stock market and trade
in general was not as active during the
week as the season OF the year would
demand for an active year in business,
there are many factors that Conspire to
make the future very bright Among these
might be mentioned low interest rates;
eight months trade balance Of $tlSOp0OOi
low supplies of merchandise; hquidated
condition of the stock market; more salts
factory condition of labor; large reserves
Of farm products and favorable crop
promises.
The jobbing and wholesale trade has
been good and the retail trade has been
more of a prosperous season.
In a general way It may be said that the
right-of-way must be given to the favor
able elements i'm the situation because they
represent gradual improvement in each
Instance over a condition that was very
much the reverse one and two years ago
A difference i'm the kind Of borrowers
undoubtedly makes an important differ
ence in the position of stocks; but there
is no way of knowing II as large a
on borrowed money is not so lodged at
the present time.
High Level this Year.
Neither is it at all sure that the stock
market has been definitely dragging along
| bottom values; for the present holdings
at a level far above the different bottoms
/ Of the last decade. Recorded any
average Of representative prices, the stock
market decline ended last year just about
half way between the extreme high and
/ low points reached IN the various major
| swings of the last ten years. The inn
1 portant bull movements Of 190l-1902 of
19O4-l9O6, and OF 19OS-19O9 were all made
! from starting points much the same in
! each Of the three years, 1900, 1908 and 1907
| Cutting Of prices on cotton goods has
/ become more general, but these have not
! led to any great activity and buying con-
/ unues on the same cautious lines here
tofore. The fact of the matter is that the
textile industry or at least the cotton
! branch of it, is in poor shape. This is re-
| Elected in the action Of certain New
England mills in selling the high priced
cotton, instead Of converting It into fabrics
at the going prices. Additional evidence
of the unfavorable situation in New
porations there have begun to pass or
reduce dividends, after a continued policy
Of sustaining them during the last previous
depression.
Retail Trade Improves.
The retail trade of the country shows
some improvement in particular section and
special lines, but climatic conditions have
hecn against anything like the customary
conditions at this season Complaints about
the condition of winter wheat in some
portions Of Kansas and Oklahoma have
teen heard and ry conditions in the north
west were regarded with some apprehen-
sion until rain finally fell.
The crop situation in Texas was fine and
in the southern Atlantic states the OUTLOOK
for big planting of crops generally Is
highly favorable, all OF which is helpinl
continent and trade conditions in the
: | south.
The most interesting thing about today,
! session Of the stock market was its un.
relieved duuness. During the first hours
of trading but $500 shares were traded in
OF this total about 5000 changed hands
during the first hour This comes close e
tho new record in the panic year of 1907
when on Saturday, June %, only Sc,
shares were traded in. With this one ex
ception no Saturday half day has been a.
duh since 1903.
z Prices Close Little Lower.
Price changes were inconseQuential Brok
ers who some time act for important bank
ing interests-those who are commonl!
ere dited with having maintained the mar
ket's stability since the turn of the year
were supplied with sufficient buying orders
p and bear operations effected nothing ma
{ terial.
: At the close prices were fractlonall
, lower. The actual surplus of the clear
; Ing house banks decreased 1854, 900 L
= $3G,S2OOOO, but this is well above the sur
: pluses for the corresponding week in re
: cent years.
Deposits continue to expand I'm create
volume than loans and the excess of de
posits over loans is close on to $40, OOOO 600.
: The American Railway association com
mission on relations between railroads to-
4 day reports an increase in the number o.
= idle cars in the country. The total 10
today's report is 20S, 527. an increase owe
the last report of 1884 cars. This increas
is principally in the east and south, tn
N western and northwestern and Pacific ter
y is over four times as great as that reportet
Y at the corresponding date in 1910.
= Number of sales and leaCmg quotation
l. on stocks were follows.