Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1912-01-08
CONFIDENCE IN THE MARKET
Hopefulness Pervades Business in
All Lines.
MONEY MARKETS ARE RELAXED
Digest of Controllers Reports OF
Condition OF National Banks
shows Small Loan Increase
and More Investments.


NEW YORK, Jan. THE opening Of
the new year in the stock market was
! the occasion for formulating Views OF
| the coming year in published expressions
from large body OF well informed per-
sons.
! The average opinion thus outlined, how
ever, proved unusually difficult to deter
mine, so varying were the individual
views The hating action OF the stock
market itself was reflection OF this CON
dtion A feeling of hopefulness and con
fldence on the whole was the rule. In
the market itself It was evident that such
a feeling had been counted upon by some
previous speculative buying, and the
realizing sales from such sources bur
dened the market to some extent. The
movement I'm congress to investigate the
charge of community of interests
amongst the great banks and the taking
up Of the steel schedules by the ways and
means committee drew the attention of
the financial community
The feature OF the week was the gem
cral relaxation OF money markets alf'over
the world. Call money in New York went
lower day by day and foreign markets
| ItIpDilth II HltduN uGtllllc III uletOuHlSs
small Loans Increase.
The digest of the controllers report Of
! the condition OF national banks for De-
cember threw interesting light on the
movement OF credits and made sur
prising showing of changes In banking
| investments in securities. The decrease
of A,39l 600 in loans and S32,6S 900 In cash
| since the preceding call on September
| was more than accounted for by these
| items In the banks I'm New York City
alone. The light demand for commercial
funds Is the easily understood explana-
| tion OF the showing. The same condition
is shown in the yearly comparison. the
$2os s5OOOOO loan increase in that period
| being the smallest for the corresponding
period since 1903. Here, again, moderation
Is with the New York banks. their loan
increase over November 10, 1910, being but
! s22 10000.
More Investment Holdings.
The slngularity OF the showing lies IN
the item Of bonds securities. ETC." in
which the moderate influence OF the New
York banks also appears, although the
slack commercial demand Is given to
explain the enormous expansion OF in
vestment holdings by the national banks
as q whole. The controllers call shows
an Increase OF such holdings from Sep
tenber 1 10 December s. this year Of
SOS $50 900, although the New York banks
gain for that time was but S712O0O. OF the
years gain by all the banks OF $50 3S1 600
the New York banks account for but
81. $4,000
The stock market puzzle Is how far this
growth may represent securities current
In the New York stock market and how
far securities OF local enterprises con-
fined 10 different sections OF the country
The fact that attempts at important new
financing are expected at an early date
In the New York market adds interest
To tho question. Both the item of
security holdings and of individual
deposits IN the December return 10 the
controller establish new record figures
Expiration OF the time limit on many
questions at the low basis was held re-
sponsible FOR some OF the placing OF or
ders FOR steel products before the end
of the year, The test of the demand at
advanced prices is felt 10 be before the
market. Copper also faces the prospect
of stimulating production in consequence
OF the rise 0f refined copper. me sea.
sonable weather was considered KoOd fol
Ccoutauaod ca second PsgSJ