The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-06
CHARITY FIGURES
IN STOCK MARKET
Proposed Disposition of the
Rockefeller Millions an In
huential Factor. =
WEEK HAS BEEN ONE
OF DULLNESS in TRADE
Such Activity as Has Been Mani
fest Was of Professional
Character.
METALS
WOOL
PRODUCE
BY RALPH EMERSON.
BY Leased Wire to rne rrlbune.

NEW YORK. March 5.-Dullness in
trading was continued during the pres
ent week on the stock exchange, and in
cidentaly the week was marked by the
oldest lntermingllngs OF charity and
business ever known. The influence OF
the new Rockefeller Foundation which
Will remove the use or the Rockefeller
millions from Wall street, strongly
felt Further influences were contained
in the withdrawal of john D. Rockefeller,
Jr, in the dlrectorates OF the United
states Steel corporation, the Standard
Oil company, and the Delaware & Hud
son
During the first half of the week the
market was more active than IN the lat
ter, although there was professional trad
Ing IN the last three days Labor trou-
bles have hindered and are stin hinder
Ing the market The wage differences
OF the Baltimore s; Ohio railroad. tho
tle-up Of the Bethlehem steel works, and
the Philadelphia agitations have all tried
10 make the investor weary. But the
present labor disputes are not only ef-
fective in themselves. but they may
speak future troubles OF a broader char
| acter and this thought gives further
pause TO stock prosperity.
Business conditions, except where
hampered by unavoidable difficulties and
pressure, are extremely good The rail
road, iron, steel ore, and industrial trade
centers all make satisfactory reports,
The money situation is satisfactory. but
general cloud arising from affairs In
Washington tends TO prevent the fullness
| OF the business boom Although the at
! titude Of the administration toward CAPT
! tai Is generally known, there is congress
sional warfare wnich must be reclsoned
| with. Coupled with those Is the copper
outlook which has not yet been
| smoothed.
The effect OF tine Philadelphia strike
| must not be uuderrated. The situation
| there had depressing influence. which
| In turn was continued through the usual
channels OF stock sympathy 10 the for
eign markets.
A gain of cash amounting to 1000. 600
was made by the New York banks this
week From the interior there was a
! gain in receipts amounting 10 S2,500,00o,
| but this gain was partly Offset by loss
| OF 81 .2bo,000 over the weeks operations
returns fer the week were s2,ol2 900. The
| gain from the interior was 81 306. 900.
| The gold exports during the week con-
| sisted OF shipment of $4,000 TO Cuba.
There have been many rumors con-
| corning Baltimore & Ohio, but the most
interesting financial report came yester-
day, when IT was. said In Wall street that
the forthcoming issue OF bonds would he
| nearer S50.000,000 than S25,0oo,0 900, IS
was first reported, This Offsets the dis
quieting rumors of railroad troubles. In
| fact. Baltimore Ohio occupied unique
| place in the limelight, as the demands OF
| the employees are supposed TO be tried
first upon the Baltimore Ohio, with a
view TO shunting the same scale upon
| the other eastern lines.
4 New York bond house this week
purchased Sl1.000.0 900 worth OF the 500
|
& Kansas 4ss. Al the same time some
confusion existed through the lowering
OF the dividend of the Chicago Rock
Island & Pacific Railway company. The
dividend was of ] per cent lower than
! last year. The explanation given
| that the dividend this week was for in
| terest requirements.
The figures furnished by the Pennsyl-
| vana railroad show a surplus OF about
| II per cent OF the stock for 1905. THIS
is about 81 900 900 better than was eX
| ne nj a 80
| Of stock issued near the close of the
year for the purpose OF meeting matur-
ing notes and bonds IL was feared the
showing OF the exchanges would be de-
| creased.
In line with general improved railroad
conditions, Chicago & NorthTestern es,,.-,
| starts the present year With the largest
January earnings in its history.
In the west and southwest tho rail-
| road situation led me 10 predict the
most sanguinc things. Denver & Rlo
| Grapde has shown "a per cent increase
| in January. The march ratio is about
the same In the south. where some
| showing is also greatly improved.
Colorado & Southern has come, TO the
front this year with very bright out
look Statistics which have been COM
| piled today show that in the last seven
! months the road earned enough for an
entire years dividends. The stock has
| circumstances, and while investors were
figuring that Chicago. Burlington Il
Quincy was trying 10 get conrol lheS
overlooked the fact that Colorado "
Southern was making its own shares
valuable by increased earnings.
The orc cepters report promising out
looks. From both Alabama and Pitts
burg come the same reports IT was q
peculiar circumstance that steel should
advance sharply this week upon the re,
port that the Rockefeller interests had
withdrawn, but I think this more due
TO eXaggera ted circumstances. The cop
per market is firm, although x VIII nor
settle TO n permanent basis until some
thing tangible is shown. The Colorado
& Southern is in similar state OF un.
rest While the smaller demand Tor coal
has decreased, the larger orders are
stagnated by u car shortage
on June 10 the deed OF trust torn OF
George Westinghouse and Judge Morgan
o Brien of the Equitable Life company
expires but there is no direct lniorma-
tion bearing on what will he doae. j. L.
Morgan now owns 60 per cent OF the So
cicty's stock and he has plans for the
ualizati OF the stock but the DC
tails are absent. The late Grover CleNc-
land was another trustee. New plans
are being considered however. which VIII
change the company's order OF business,
hut will have no effect on finances.
The bond ma rket is improved With a
wider demand for indus,rials.