Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-04-16
WALL STREET BUSINESS DULL
Operators Complain Trade is Phe-
nomenally Quiet.
CALAMITY VAIL CAUSES SMILE
Outsiders Arc HOIdInE ore and DO Not
Show Any Disposition 20 nutt
In and Play Game of
the Gamblers,
by PRESTON c. ADAMS.

NEW YORK, April i5.-(special to The
Bee) street continues TO complain Of
phenomenally dun business. The sales OF
stocks during March were only about half
what they were for the same month last
year Hence We hear walls from the fin
ancial district Of hard times and business
depression.
10 those who have a wide acquaintance
with the real business conditions through
out the country, these calamity walls cause
smiles. They believe and say that the only
trouble is that the outsiders are keeping
away from the speculation game and that
the general business of the country is on
a sound, healthy basis, with every proc
pect OF remaining so. This Is borne out by
the fact that despite the speculation dull
ness stocks are firmly held the railroads
are doing a good business. the factories
are generally running fun time, and the
farmers are better off than they have been
for years.
1t is no sign Of hard times that the COM
mon people find neither the time nor In
clnation to gamble in stocks.
New Companies.
The output of new companies with 81 ,0O0-
600 capital or over I'm the eastern states
during March. including the filing of GER
tificates OF increase in capital amounted
to $3.50 900. This compares with $l12,40O.
900 in February and S962, 600 in March
year ago. The grand total OF all com
pan9s IN S S last mSnts with ,ns
states than those Of the east, reached S22S
5lS,OOO, against 1921 ,32S 900 in February and
Si37, OiO in March last year. Pointing
out that there Is little in the present sltu-
alton OF a character calculated to stimulate
the flotation OF new enterprises on a large
scale, interests that make a speciality OF
interpretations report that promoters are
naturally going slow. Moreover, they are
not likely to change their indifferent de-
cisions, II is said, until the American To-
bacco and Standard oil decisions and other
matters are settled.
April settlements Heavy.
To meet April settlements for interest
and dividends on securities, maturing Sc
! ~ rVsINN loo md DTNNa n rod
the raising of several hundred million dol
lars in the United states alone. OF this
total more than S2lO,O0O,OO0 was contributed
by New York. Other big cities also made
heavy settlements
In the matter of rents individuals make
payments to the large realty capitalists of
! Greater New York and also to various
| real estate companies. which In recent
years have entered largely into the owner
/ ship of skyscrapers of large office build
| ings as an investment Naturally capital
! lists and corporations quickly turn their
| rent money into the hanks and II soon be-
| comes available again for the loan mar
ket from which II was previously with
drawn. There has been a great change in
the rent roll OF office buildings and pay
| ments are now mostly monthly instead OF
! quarterly as heretofore. Based on as
sessed valuation, many real estate agents
estimate that the April rent roll in Greater
| New York reached $50. 100000.
! Great office buildings like the Broad eN-
| change, Trinity. United States Realty and
! Improvement and the Whitehall have an
!
! each
National Banks Rich.
| The national banks dre reasonably well
off. An increase of nearly $l26O00,O0o In
| loans over a year ago does not. taken by
itself, look encouraging In face of the
! quietness ruling in nearly every industry
as we'll as on the Stock, Produce and Cot
! ton exchanges. But II should be noted that
| during the year cash has risen $4,000, 000
I that there has been increase in this
| banks capital stock of nearly ,O0OO0O,
and that surplus and other profits are
| fully $4,000 1900 better than at the end of
| March, 1910. The amount due from other
institutions has Increased almost $15l, 900 900.
though as an offset the sum due to In
situations has expanded almost 1921, 900 900.
These various changes account satisthc-
torily for the growth in loans. During ME
| two months preceding the last call the
changes were along similar lines The
loan expansion exceeded $l55, 1000, but
while individual deposits mounted up $751;
900 900 There is little in the returns to
occasion uneasiness.
Corporation Taxes.
Amid the financial gloom, when each
man Is afraid to put out his hand. II may
be profitahly noted that 262, 400 corporations
having a capital stock OF S52.250 1000 paid
the corporation tax last fiscal year. and
that their net income amounted to S3,125,0O)
These are large figures