Omaha daily bee., 1911-06-18
PER CAPITA GREATEST
Great Britain Comes Second, with
United States Third.
FNANCIERs EXPRESS VIEWS
While Fortunes Are Quickly Made
Sometimes In United states,
Every Man who Invests
Does Not Get Rich.
a. PREsToN 9. AnAMs-

81 PRESTON G. ADAMS.
NEW YORK, June i5.-(Special to The
Bee. )-There is a general sort OF an idea
that the United States is the richest OF all
countries. In the aggregate this is correct.
bat when IL comes TO per capita OF wealth
we are a bad third. L'Americain Iinancier.
French publication which is recognized
as an authority on such matters has Just
Issued figures on this subject which are
interesting. These show that while the
wealth OF the United States In the %gere-
gate is $S5o0o 05o, go against MS 100 80 400
for Great Britain and $4,000 600 900 for
France when the per capita Of wealth Is
the lead with Great Britain, a rather close
second and the United states poor third
s2,OSO FOR Great Britain si97s and fore for ths
United States $3.50.
1t would be interesting to know how this
wealth Is distributed, but unfortunately
no such statistics are available IL they
were II Is not improbable that the show
less favorable, for there is probably q
greater concentration OF wealth in this
country than In any other In the world.
British chancellor of the exchequer. made
the statement that there were only about
would be liable for the sur-tax on incom mes
having an income OF $4,000 or more IL
is probable that New York City alone
would greatly exceed this total
Many n Time.
While fortunes are sometimes quickly
made in American mines it is melancholy
fact that not every man who invests in
mining stock quickly gets on easy street
one Of the financial papers the other day
had rather grim Jest ON this point in its
adEertlslng columns In the shape OF the
following advertisement:
WILL EXCHANGED have 5000 shares
of once well known mining and leasing
setting hen and thirteen fresh laid eggs
beghoined preferred. Only permanent in
vestors need apply. GET RICH QUICK"
Chances to Invest.
Last July S205.OO0OOo was distributed in
dividends and interests, and as an even
larger sum will be paid out next month
our principal underwriters and investment
houses are making active preparations to
attract the reinVcstment of this money,
The Journals records show that Just over
Si.OoO'OOo.OOO new securities nave been issued
since January l. yet investigates, reveals
that much new financing is contemplated.
The June offerings or new bonds and
notes are likely to exceed last months
total of $l550OU,O00. The response to recent
applications for capital has in nearly every
case been highly satisfactory abroad and
at home. The present is a peculiarly
propitious moment tor covering REQUIRE
ments; indeed 1t is questionable IL condi-
lions can long remain as favorable they
Money everywhere is abnormally cheap.
In London discounts are only a shade
above 2 per, cent, in Paris the quotation is
z per cent, in Berlin 1t is under per cent,
IN Amsterdam "a per cent, while in New
York call money has been in super
abundant supply at "a and 2h per cent
time rate until a few days ago were on
the basis OF ~ per cent for short
maturities and per cent for six months,
ana commercial paper was very scarce at
S1s per cent
Our. clearing house banks have. been
requirements, and the plethoric state OF
out-of-town markets has been reflected by
receipts on balance from the interior to the
extent of we'll above sl0oO0O0O0 since the
opening Of the year.
Billion in New Securities,
Nearly 1000 OO0OOO new aacurfias boua
been issued in the United States during
the current year. The exact total. as
Commercial bulletin, has been $992. $40 $50,
an increase OF $75,029 $50 over last year The
Of 500 9rns tine f rse h%se m fsnTs
OF 1910 the Increase having thus been
SlS4, 81 800. The, Industrial total OF s27S,-.
2O6,OoO shows decrease Of T9,34S,550.
Stocks ON Hand.
Were II possible at this time TO obtain
an accounting of stocks OF commodities in
the United States, the record would have
garding the immediate business outlook
OF The country. Restriction OF consump-
ton and curtailment OF demand have
manner, that IL has become difficult to
tell with any degree Of accuracy just how,
stand. Unlike the copper trade, the other
big industries do not make public figures
of surplus stocks.
In dry goods, production has been SO ad
Justed to consumptive requirements that
now 1t is acknowledged on every hand that
the trade has rid itself of surplus stocks
to such an extent that unsold supplies are
the smallest In number of years AS to
the iron trade, estimates are difficult Last
December 1t was figured at Pittsburg that
the countrys unsold surplus of iron was
], 10000 tons which would have approx
mated the highest surplus ever expert
enced. The increased demand which arose
temporarily in February and March must
have absorbed part of this surplus
Whether they have increased again, in
the SUBSEQUENT slackening Of business, 10
a matter of speculation.
EvnpOrated Apples and Dried Fruits.
NEW YORK, June 17.-EVAPORATEu
very firm at the recent
advances; on the spot, fancy, 15kd16c;
choice, 141sc; prime, 131kQ13s4c.
DRIED FRUITS-Prunes. quiet but
prices are firm on the small stocks; 30
l4%c for CALIFORNIA; up to 3O-4Os, and l1%00,
14hc for oregons from s-SOs. Apricots. In
active, but prices are firm; choice, 15c;
extra choice, l51zqlGc; fancy. 161t9l7e:
Peaches are quiet but in the absence OF
pressure prices are firm; choice, Sh@9c;
extra choice 94G91Ac; fancy, 91kd10c 4.
Raisins, inactive and about steady; loose
muscatels are quoted at 6A@1c: choice tn