The Birmingham age-herald., 1911-04-16
common people find neither the time no

common people find neither the time nor l inclination to gamble in stocks.
 ,, The output of new companies with l $1, 600 capital or over in the Eastern States during March, including the filing of certificates of increase in capita, l incorporated last month with a capital Of $10O0oO or over, Including other States amounted to $139. .659 600 in March year than those of the East, reached S22S,- SIS eco, against s2S7, 32s GOO in February and $437, 6,040 in March last year. Pointing out that there Is little in the present situation of a character calculated to stimulate the Notation 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 attitude it is said. un- til the American Tobacco and Standard oil decisions and other matters are set tied.
 To meet April settlements for inter ests and dividends on securities, matur- | ing securities and rents on real estate required the raising of several hundred l million dollars in the United States alone. Of this total more than s2l00o0,0 GOO was contributed by New York. Other big cit- 1 ies also made heavy settlements
 Tn the matter of rents individuals make payments to the large realty capitalists of Greater New York and also to vari- ous real estate companies, which in re- l cent years have entered largely into the l ownership of skyscrapers of large office 1 buildings as an investment Naturally l capitalists and corporations quickly turn their rent money into the banks, and 1t soon becomes available again for the loan market from which 1t was previ- ousy withdrawn There has been a great change in the rent roll of office build ings and payments are now mostly monthly instead of quarterly as here l tofore. Based on assessed valuation, many real estate agents estimate that the April rent roll in Greater New York reached S6O,OOO0o0,
 Great office buildings like the Broad Exchange, Trinity. United States Real l tX and Improvement and the Whitehall have an approximate rental of s7OO, ,OO0 per annum each
 The national banks are reasonably well | off. An increase of nearly s126. GOO 900 in l leans over a year ago does not taken 1 by itself. loog encouraging in face of the quietness ruling in nearly every industry as well as the Stock Produce and l Cotton exchanges. But it should be | noted that during the year cash has risen s7S0oO,0o0. that there has been an increase in the banks capital stock of nearly s39. 0oa0e0 and that surplus and other profits are fully s45000,O0O better than at the end of March, 1910 The amount due from other institutions has increased almost $154.0oOoC9 though as an offset the sum due to institutions has expanded almost $237, ,000 odO These | various changes account satisracior.-y Tor the growth in loans. During the two months preceding the last call the 1 changes were along sir1iar lines The | loan expansion exceeded s155.000. GOO, but cash rose nearly S72,O00,OO0 while indi-
 vidual deposits mounted up s191 ,0o0. .OO0 1 There is little in the returns to occa- sion uneasness.
 Amid the financial gloom, when each
 man is afraid to put out his hand. it
 may be profitably noted that 2G2. 490 or porations having a capitol stock of s52 . 25eo00 paid the corporation tax last fiscal year, and that their net income amounted
 to $3125.coo0f0. These are large figures.
 cotton seed erushers, the manufacturers oi crude cotton seed oil throughout the
 South. a thousand strong, are expected
 to attend the annual convention of the
 Interstate Cotton Seed Crushers' Associa-
 ton. to be held in this city on June I.
 and 2, according to preparations be-
 ing made by the cottonseed oil trade of
 New York Produce Exchange The gen
 etal committee has so far perfected ar
 judgements that they feel assured tho
 convention will be success. The com
 mittee has already secured from the
 passenger associations covering the en- l tire country special convection rates for the association. which vii make the ex-