Omaha daily bee., 1911-02-05
new YORK STOCKS AND BONDS
Heavy Purchases by the Hartman
Lines an Event Of the Week.
NEW LINES ARE TO BE BUILT
Active Demand t. Noter for Every
thing that the Farmer Needs
In IN RAISING OF HIS
Crnna.


NEW YORK. Feb. A-(special Telegraml
A note OF reinsurance to the business and
industrial world during the week was the
announcement Of President Lovett Of the
plans Of the Hartman lines to eXpend
S5.0OC0 In double-tracking work be
tween the Missouri river and san Francisco.
The work will embrace the double-track-
ing OF the Union Pacific and the Oregon
Short Line. This II Is stated. will be I'm
addition to work of building short lines
as feeders and connecting links TO the
Hartman lines in the northwest. which
work was outlined to extend over a period
OF six years.
Another tribute TO the soundness OF
fundamental conditions and their promise
Of better things was conveyed in Judge
Garys remarks appended to the quarterly
statement Of operations of the United
States steel corporation for the December
quarter. Read I'm the light OF these re-
marks the report which made about the
poorest exhibit Of earnings In the cor
poration history in comparison with It's
present capacity was regarded mark
ing the end OF the latest depression in the
steel industry
Trade Conditions satisfactory.
General trade conditions from different
sections OF the country during the week
were very satisfactory The great depart
various miscellaneous interests other than
the cotton mills which are identified with
the dry goods trade report an charging
demand, such as has not been witnessed
for long time past.
One OF the brightest spots In the situation
Is tho active demand for everything that
/ the farmer needs In raising crops and the
demand for these commodities imply the
sowing Of large areas during the current
year. This weeks imports OF produce and
merchandise at New York decreased
$.oll ,O25 and the total since january i fell
/ $lCO26.335 below that OF 1910 Exports, on
! the other hand, increase S2929.92S for the
week. aud SS,417,z92 since January /. These
/ figures mark a very decided Improvement
/ in the foreign commerce of the port.
This week the exports OF corn rose to
/ 3,36S.0O0 bushels or the heaviest amount
for any week since the early part OF 1905.
I Thus the world is consuming a large
| amount of another OF our great products.
The business and industrial situation
! have the tendency to gradually strengthen
the position of the United States. Such
a condition will give this country a hold
upon the gold market in London in case
there should be need for the yellow metal
! later, New York's money market Is safely
guarded against any possible stringency.
Trading Closes Strong.
The sudden showing Of strength on the
stock market during the week was a rec
ignition OF more confidence throughout the
business world in general. This seems to
have been entirely logical. The stock ex-
| changes sometimes go further than 10
| recognize sentiment by seeking to create
sentiment or encourage investment that
win strengthen trade throughout the coun.
| try.
Trading on the market today closed with
| a strong tone, with Union Pacific Reading
and United States Steel leading in activity
| The movement to advance prices which
was suspended yesterday. was actively re-
! sumed today and numerous recoveries of a
! point or more were made. This is usually
/ the character Of a Saturday market when
1 a professional operation of this weeks sort
| Is under way. To allow the market to end
| the week In duliness or with declines wore.l
miss the influence which 1t is hoped 10
exert on outside sentiment over Sunday
| The Monday morning wire orders" are
OF course, the objective point If enough
! OF them come to hand, even the day-to-day
professional buyers are able to take tenn.
porary profits and to engage in the market
Tor the rest OF the week. according to what
happens afterward. Large increase of loans
4 was shown in the weekly bank statement
The increase was largely diverted to the
trust companies.
Increase In Loans.
i The statement by daily averages re.
ported $S4,6O0OOO increase in loans at the
associated banks; the actual weekend
but the separate returns for the trust com.
showing made the increase only $500 900
panies reported the exceptionally large loar
expansion OF $19,G00,O00 This shift 10 the
trust companies has not occurred because
OF inviting rates for loans call money has
| ranged rule bafou ,o,t M