davidaulloa/AmericanStories huggingface dataset:
Los Angeles herald., 1910-03-11
RAILROAD STOCKS
ARE MORE ACTIVE
PROFIT TAKING MOVEMENT
CAUSES SELLING
TESTIMONY IN GoVERNM ENT
SUITS FAVORABLE TO TRUSTS
Winter Wheat Outlook Is Reassuring
While the Copper Situation
Is Not Quite So
Pleasing
rAssociated Pressl

NEW YORK, March 10.-The action
of the stock market today threw no
clear light on financial, commercial OF
Industrial conditions.
There was some rather striking sell
ing in continuance of the free proht
taking movement of the latter part OF
Yesterday. London Joined in this sell
ing in agreement with its attitude 1or
several days past, but reversed It's po-
sition in the course of the day. The
view of the labor situation in Philadel-
phia, which was believed to influence
the selling of yesterday, was modlned
to a more hopeful feeling for restric-
tion of the area of the trouble ana LOT
its early settlement.
The advance in the dividend rate on
New York Central was a remaining
influence in the days dealings in the
way of having received Credence Tor
suggestions of coming increases in
other dividend rates Not only in the
Vanderbilt group and in other trunk
line railroads, but in some of the west
ern railroads was this influence ehec-
tive Flattering reports of the heavy
freight car requirements of the New
York Central were put out in aid of
the sentiment toward the stock.
The special prominence of the Harri-
man Pacific in the advancing tendency
is associated with an opinion heard in
Wall street that the testimony in the
governments suit against the merger
of that system promises well for the
companys contentious. The same sort
of sentiment has been cultivated in re-
gard to the chances of the American
Tobacco and the Standard Oil suits.
There is a recurrence of reports Of
damage to the winter wheat crop. The
weekly review of the Price Current
was a reassuring influence.
The February statistics of the Cop
per Producers association was a less
satisfactory asset. The reported de-
crease in the European supply of the
metal showed that to be at the expense
of the demand for the American out
put.
In the money market the feature was
the reduction of the demand in Paris
The New York banks are losing cash
to the government again and the bond
tlotations make a requirement on
credits.
Bonds were firm. Total sales, par
value, $3,9S7, 900. U. S. bonds were
unchanged on call.
Los Angeles herald., 1910-03-11
METAL MARKET

NEW YORK. March l0.-The market for
standard copper was weak today, with spot
closing at $l2S7iad1310; March, sl2.S0d131O;
April, Sl2 s0al812l8, and May and June at
$12.S0al3.15 London easy; spot, $50 12s Cd; flu
lures, E60 lis Cd Local dealers quote lake
copper at sl362l4a18.STa; clectroytic. S1337aq
362la, and casting at Sl312Aul3 %.
Tin was easy, with spot quoted at S32. 4ed
30 80; March. $50 30a32. 40; April $32 i0q32 60;
May, SEQ 40H32.65 June, $50 J0a32.70.
The London market was easy with spot
quoted at G1i7 Is Cd, and futures at el49 2s Cd.
Lead quiet; spot. SL60nL65 New York, and
SL49H4 IS East ST. Louis The London market
was unchanged at G13 IS 9d.
Spelter quiet; spot. $565a575 New York and
So 50a5G2ia East St. Louis. The English mar
ket was lower at G23.
Iron was unchanged at Els Cd for Cleveland
warrants in London. The local market was
quiet and easier
Los Angeles herald., 1910-03-11
1909. 1908.
LOS ANGELES STOCK EXCHANGE
Mornind Sales

10 Associated oil. b. So lS.Oo; 10 do 1850;
1000 Cal Midway IS. 5000 do 81; 420 do so; 1000
do 81; 1000 do 52 100 Central zoo; 500 do 197;
100 do 1856; 1000 Enos Oil 1924; 1000 Globe
lS3s; 1000 Palmer Oil Co 127l4: 1000 Oleum Dev
Co Il; 300 do, b. 80 14i4 1000 do 1875 500 do
49, 2o00 Coalinga Crude 26la; 500 do 81.
OF board-4O Am Pet Co com 745o; 10 200
Globe 1Sla; Union oil lo4; 10 U L Dist T
and T Co 1000
Los Angeles herald., 1910-03-11
CARLOAD SHIPMENTS
OF CITRUS FRUITS

. shipments of oranges and lemons @
:, from Los Angeles Tuesday, March =, g
. were 144 carloads of oranges and IL g
Z. of lemons. Total to date there have g
(. been shipped 9417 carloads, of when g
> 1850 were lemons. Last season to date g
. there were shipped IL lag carloads, OF @
> which 1647 were lemons. g
Los Angeles herald., 1910-03-11
FINANCIAL RECORD

NEW YORK, March 10.-Close: Prime mer-
camille paper. Faq5 per cent
Sterling exchange nrm, with actual business
in bankers bills at 4S4i5a4 s4j5 for sixtyday
bills and at 4.S6S5 for demand.
Commercial bills, 4S4gAS4ia.
Bar silver, 5O7sc.
Mexican dollars 44c.
Government bonds steady; railroads hrm.
Money on call easy 2Aa3 per cent ruling
rate. 27. and closing bid 3; offered at 3 per
cent.
Time loans much stronger sixty days ga;
ninety days and six months, per cent.
Los Angeles herald., 1910-03-11
Afternoon Sales

2ooO Cal Midway "a: 1000 do, e. 80. 55 $500
do 53; 45o0 do 53k; 1000 do. B. 80, 53ia: 250
Central OIL 1856 1000 do 1852; 2000 Coalinga
Crude p; li.0O0 Oleum Dev Co 13A; 1000 do
49, 1000 do 129t 1000 Columbia oil 130; 1900
Jade Al; Go Mexican Ltd com 26O0
off board-50O Columbia 1924; 40 Mex p Ltd
com 26
Los Angeles herald., 1910-03-11
NEW YORK BONDS

Special service 10 The Herald by ]. c. Will
son, 1l2 West Fifth street. Los Angeles, mem
Der New York stock exchange. Chicago board
Of trade, stock and bond exchange Of san
Francisco.
Los Angeles herald., 1910-03-11
DAILY MINING CALL
LISTED STOCKS

Morning sales-lOOO California Hills 4la; 100
Florence 2S2l5.
Los Angeles herald., 1910-03-11
CALIFORNIA;
NEW YORK COTTON

Special service to The Herald by J. c. Wi
son. 212 West Fifth street, Los Angeles
Los Angeles herald., 1910-03-11
NEW YORK STOCKS

Special service TO The Herald by j. C. VIII
son, 2l2 West Fifth street Los Angeles, mem
Der New York stock exchange Chicago board
of trade, stock and bond exchange Of san
Francisco.
Los Angeles herald., 1910-03-11

NEW YORK. March 10.--Today's first cotton
prices proved about the lowest of the session,
and although trading was very quiet and
sales much curtaIled the tone was frmer and
prices crept up. particularly in the near op-
tions so tho gains for the day were quite
material. lhere was no particular news, al
though the demand from milling interests
showed improvement.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04

glide about the lake. To the west OF
the clubhouse will be cement stairs lead
Ing down TO cement piers, at which the
boats Will be kept.
Besides the club proposition the com
pany Will enlarge the icehouse which now
rests on the bank OF the lake, and which
is O profitable proposition. even as II is
conducted at present. The ice is taken
from the lake in the winter and stored
for summer use.
The grounds OF the park are 10 be Mt
ted up In comfortable style. Lawns viii
abound and Will be made more beautiful
by use Of flower beds, pretty walks and
will be made for summer cottages In one
end OF the forty acres surrounding the
club and owned by the company.
Tho proposition Is one OF the largest OF
the sort attempted here In long time,
and promises 10 be very popular with au-
tomobilsts. Seventh East street Is In
good condition for autoists and Will be
pecially with new clubhouse on the
other end. The main way OF going TO
the resort however. Will be down State
street and over Fifteenth South to Fifth
East and down TO the new road to be
built through the park and over the lake
to the resort.
The company has had but little trouble,
il Is said. in dlsposing OF the stock in
the new club. The foundation work. ac-
cording TO present arrangements, will be-
gin about October |.
Gilrs farm was first opened as a re-
sort about forty years ago and up to
about three years ago was one OF the
best known of resorts in this part Of the
country. Since then II has faded down
until now but little is heard of IT. There
are still n number of outings held there
during the summer.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04

Of the beautiful lake. the forest OF trees.
the lawns and the flowers aid the noun
tains in the background.
The house VIII he erected on the cast
edge Of the lake and Will face cast. North
and south the building will run dis
tance of l25 feet; IL Will be divided into
three sections. The central section Will
be used as a lounging room and Will be
3lx45 feet In size; II Will include
all kinds OF easy chairs, lounges and the
lloor VII be highly polished for dancing
purposes. At the entrance Will be a
broad Neranda, which will extend nearly
around tie entire building. overlooking
Will be n dining room connected with a
kitchen and many other conveniences.
In the south wing win be buffet and
the office Of the club. Both OF these Will
be fitted In elegant style, The wings Will
rest at an angle from the main part of
the building or lounging room.
The construction Will be OF cement and
Upstairs the building will have ten
rooms, each provided with bath and toi-
let with halls and other conVcDienccs for
use OF the guests Of the club.
Around the entire club Will be n drive
way which will lead from Seventh East
street to the front entrance to the club.
On both sides OF this driveway Will be
parking. including lawns, flowers and
trees.
There is at present a park Of trees on
the north side OF the proposed driveway
and an orchard on the south. y driveway
will lead out from the clubhouse to the
west passing over the lake by means
OF q bridge.
In the lake will be planted several
kinds Of trout and other FISH. which will
furnish entertainment for the members
OF the club and the visitors, Boats Will
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
THINKS SALT LAKE MIGHT
PROFIT BY DENVER LESSON

Freeman Mornlngstar, n well-known
real estate man OF this city. returned
Saturday night from Denver. where he
has been for week. Mr.. MornlnSstar
looked into real estate and building
conditions In Denver, and came 10 the
conclusion that Salt Lake might with
profit follow the example of the Colorado
capital.
'T think our city has reason to do a
little more building and take on little
more energy this fall than during the
summer months said Mr.. Mornlngstar.
Denver with less natural resources than
vorable than obtain here. Is driving
ahead with greater vigor than an any
time in its history. The building inspec-
tors department informed me that the
building operations in Denver this year
would amount TO $4,000 900. or $4,000. 900
greater than in 1909, which year was the
best up TO that time. l think we might
profit by the lesson of Denver
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
IMPROVEMENTS ARE MADE
IN UNIVERSITY HEIGHTS

Meeks & Mccartney. well known local
real estate dealers. have had busy week
with the University HeighJs. During
the past week the grading Of streets has
been completed and now the entire tract
is takIng on the air of a fashionable
subdivision of the city. The last OF the
grading. that on Roosevelt avenue and
Fifteenth East street. was completed Sat
urday
This week work on the sidewalks will
be started II is the intention of the own
ers TO make the place most desirable
residential section. Announcement has
been made by a number OF owners OF
lots that they intend TO commence soon
the erection of modern homes on the
tract.
During the past week the firm sold six
teen lots In the subdivision, most OF the
purchasers making the purchase for
home building purposes,
Mr. Meeks Of the firm said SATURDAY
that there was every reason to believe
that the general realty condition was i'm
proving. Several months ago, he said.
an investor from New York purchased
twcnty-threc lots. on which he paid $500
down About two weeks ago the firm
received n letter from this investor.
which seemed 10 indicate that he was de-
sirous OF going back on his contract,
A letter was received Saturday, however,
In which the investor said that he was
coming to Salt Lake City and that he
would be prepared TO take up his con-
tract. indicating that he thought condi-
tions had materially improved.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04

The famous old Hill farm Is to be con-
verted Into n thoroughly modern automo-
bile resort. This farm. which Is situated
between Fifteenth South and Sixteenth
South streets and Fifth East and Sew
cpth East streets. Is peculiarly adapted
of this kind a deal has Just beeK con-
summated, which Involves an expendi-
ture of more than S100. 600. and the resort
will probably be ready TO open with the
other resorts of the valley next Decora-
tion day
The deal VIII be launched by the Al
hambra Park. Ice and Power company,
which recently purchased the ground
from S. F. Sears who two years ago pur-
chased 1t from John A. Hin. the original
founder OF the resort. The company Is
Incorporated for $125,000 and has as Its
officers s +. Sears, president Stanley w.
Wade, secretary: r.. =. Sears. treasurer.
rhc, orlsina! sale OF the porper,y was
made to s. f. Sears two years ago, and
he has held 1t up to recently. when the
company was organized and took over
the ground at figure considerably In
advance, II Is said. OF what was paid.
The advance was in conformity with the
general raise OF the value of ground In
that vicinity.
Work Is TO be begun at once on the
new clubhouse. plans for which have just
been completed by George w. Eldredge.
the architect. This building will cost
about SIS 900, and will include every con-
yenience OF a modern country clubhouse
and an automobile resort.
Architectural beauty will he combined
with stability In the building. The archi-
modern ideas In that sort of construction
and the colors VIII be blended together
TO make the building stand out promI
nently In its resting place the brink
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
SEARS INVESTMENT
COMPANY REPORTS SALES

The Sears Investment company reports
the following sales during the past week:
Two and onehalf acres OF land on
Seventh East and Fourteenth South
streets from C. Birch To Edward Scott,
$500
Five acres IN Lovedae from F. Freeze
to DR.. Wade. consideration S4500
House and lot on Eleventh South street
and Fourth East street. from l.. Hodson
to G. Christensen. $3.50
Five-room house on Lake street from
Alfred Nelson TO Charlotte Crane. con-
sidsration 1850.
Five lots in various parts OF the city,
aggergating $1,000
One hundred acres of fruit land on
Provo bench from the Bert Orchard com
pany to John owen. consideration with
held
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
BUSINESS NOTES

The latest thing got out by the Com
mercinl club publicity bureau is A little
slip. which Is to be scattered boardcast
throughout the city, This little adgertis-
Ing card reads; why not look happy
and say good word for your city and
state whenever the opportunity presents
Itself? Salt Lake City and Utah have
a brilliant future The Commercial club
publicity bureau is engaged In adver-
Using both. Why not all become enthu-
siastic? You can help. 1t pays"
Howard r. Hall president OF the II X.
Hall company wholesalers OF coffees,
spices and teas is In the city on his way
home from spending several weeks rest
ing in the northwest Mr.. Hall is the
son of the proprietor OF the Majestic
hotel in Chicago, where many Utah peo-
pie make their headquarters while In that
city.
Dan r. Collett, secretary of the Utah
Manufacturers association. said Saturday
that most OF the manufacturer OF the
state who Will have exhibits at the COM
ing state fair have agreed TO remove
their exhibits from the fair grounds to
the new chamber OF commerce in the Ver-
mont building.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
REAL ESTATE AND BUSINESS ACTIVITY
FINANCIAL SKIES
WILL Be BRIGHTER
This Is Forecast of Local Bank
ers for the Near
Future.

The financial skies in the near iuture
will be brighter, say local bankers. lhe
REPORTS Of the national banks sho" that
these Institutions are In a healthy con-
di,ion and unless something unforeseen
comes up there is no reason to worry
over the future. Bank clearings TOOK al
squirt Friday and showed an Increase ; 3TTr
the corresponding day OF las; year; lnis ne
is taken as n good Indication by inc
clearing house people. The clearinSs lor
the week, however, showed decrease
For the past week the clearings were
s5.l22, ,SSl.Sl, as compared Win S5'oito. ia, ;
65s.17 for the corresponding day OF iast
year The decrease was s553s 1886.
The lumber trade is In remarkaoly
quiet condition. with shipments slow ana
in prices and il is hard to tell. say the
dealers, when there Will be any change.
The cement factories are beginning now
to accumulate stocks, which is an almost
unheard of condition.
Business Is Quiet.
Conditions locally are dull is the report
OF the wholesale dry goods trade. Prac-
tically nothing Is doing preparatory 10
opening up active operations for the fall
and winter trade. The general trade is
broadening out say the jobbers. with
both cotton yarns and cotton fabrics
frmer, and high money rates tending TO
retard new buying.
The knit goods market is quiet, MAX
eTS Oh SudIiItSSu staHuaiu iIi4'o i'iN ~ p
the best trade. Buyers have become crit
ical OF qualities in hosiery and under
wear. cancellng deliveries that are not
satisfactory in quality After long sea-
son OF quiet. silks arc becoming more
active, with continued broadening In the
demand The outlook for spring is con-
sidered unusually bright.
There Is a growing call for fall goods
is the report OF the retail dry goods trade.
The department and shoes stores are In
receipt OF large shipments OF shoes. the
STYLES being the same as last year In
millinery the style has changed. and now
the woman. who would he fashionable.
wears the closely fitting turban shape y
large line Of suits is being received. The
strike of the garment makers in the east
Is said TO have curtailed the output
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
NEW MANUFACTURING
COMPANY is IN THE FIELD

me crescent Manufacturing companv
Is one OF the latest concerns TO enta,.
tnc business field. This concern has iust
been Incorporated for 500. 900 Of wSInh
aiUV;;ogo hes been paid up. The cop,nsnw
WI, aeVote It's energies principally TO the
~ A Brown Is president OF the com
Rany; Rosan a; B. e; Irvine. vice president; A.
~ ~ hosenpaunl, secretary and treasurer,
thcsc, with Farley Bills and j L. Uo"ap
form the board OF directors. SAN
The plant OF the company is located
at 81 East Eighth South street. wbarn
at the present time, a force OF tweI,,o
workmen is employed. In the past The
company has been doing q general mill
business, but from now on the efforts ~
the concern will be directed toward the
manufacture OF high grade caskets As
soon as business justifies. the force will
It Is intended to supply not only Sal,
Lake City. but other cities and the infort
mountain west. The company has adn-
quate backing and viii likely cut ouifc
figure In the manufacturing line.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
REALTY FIRM REPORTS
BIG WEEKS BUSINESS

That conditions in the real estate mar
ket are improving is shown by the re-
port of Ashton d. Jenkins of the past
weeks business. Deals aggreeating close
TO $4,000, principally sales Of modern
homes. have been made by this firm Fol-
lowing are the sales:
For the account OF Andrew White TO
f. n. Potter, five-room modern bungalow
on the west side OF Windsor avenue.
just south of Ninth South street s4100
For the account OF Andrew White TO
Arthur II. Pitts, fvcroom modern bunga-
low on Windsor avenue. $4,000
Bertha Gotham TO ], c. White, i've
room house on McClelland street, $4,000
Edward T. Ashton to Blanche D. Par
lecr, five-room bungalow on Green street:
Si50O
Sold to 7. C. Armstrong for 5000. two
lots on Windsor street, just south OF
Princeton avenue. on which the firm Will
build soon five-room modern bungalow.
The firm reports lively inquiry for
lots in Liberty Heights. just east OF
Liberty park. Several lots were sold In
this subdivision during the past week.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
REAL ESTATE COMPANY
REPORTS LIVELY BUYING

The month OF August has been a fair
one for the real estate firms who have
At moderate prices. according to Kimball
Richards. the real estate firm which Is
handling Highland Park just south OF
the business district of Sugar House.
Sales, say members OF the firm have been
we'll up 70 the average and collections
have been good. while the number OF in
ouiries, both from residents OF the city
and outsiders. has been large. After
summing UP the months business: the
members Of the fryil are decidedly of the
belief that the realty market In Salt
Lake City Is In n healthy condition. at
any rate. 80 far as legitimate residence
property propositions are concerned
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
INSURANCE MAN
BRINGS MESSAGE
Vice-President of Penn Mutual
Says Financial Affairs Will
Soon Be Right.

Lincoln J. Passmorc. vice president OF
the Penn Mutual Life Insurance company
OF Philadelphia. Pa. was In the city Sat
urday. the guest OF William G. Farrell.
general agent for the company in this
state Mr. Passmore brings n hopeful
message. He says that there is no need
for alarm over the financial condition and
that affairs will shape themselves within
short time. Mr.. Passmore has just
completed a trip of several thousand
miles, during which he has been inspect
Ing the various offices OF the company
He left Saturday night for Denver and
the east.
There is no occasion for alarm over
financial conditions said Mr.. Passmore
Saturday. There is plenty OF money In
the banks for conservative investment
and there Is plenty OF money Tor legiti-
mate development that is not too far
ahead of the day.
Investors Want Quick Returns,
The principal trouble at this time
is that investors wish TO get too quick
return in dividends on all their in
vestments All OF the men with a little
money want to become millionnires at
the same time, and there is not enough
money to go around in that way.
we grow too fast sometimes. like
boy in his early teens. Then the growing
pains come The country has been de-
veloping a little too rapidly for the sup
ply OF money on hand. that is all. Such
development Is a little ahead OF the
day-is preparation for the growth that
is sure 10 come little later but it is
really ahead for that development II
must be so. or the development would
scarcely keep abreast OF the needs. Big
business blocks must be built before
there is urgent demand for them or they
could not be built because the fellow
who owns the adjoining lot would not
SELL
Much Invested Here.
The Penn company has 81 600. 600 in
vested In real estate mortgages in Salt
sidered by the company to have an es-
pecial value becaues of the undoubtedly
great future that lies ahead of Salt
Lake City. This city Is developing most
rapidly. and the future looks exception
ally bright. While II may, In some d.
rections, be developed beyond immediate
needs. the improvements that are here
will all he required within compare
lively short time.
this country is prosperous. and is In
good financial condition, regardless Of
uneasiness in some quarters ] would say
that the Penn company had $50 600 900
invested In real estate mortgages last
year. On this vast sum there was only
$500 deferred interest. Conditions must
be right when interest payments are
so promptly met.
Crop conditions throughout the coun-
try are normal There is shortage ot
crops In some sections, but this Is equal
lied by heavier crops In other sections,
and the balance Is we'll maintained
THE development of mining and other
interests OF similar kinds is bringing
great volume OF money into circulation