The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-08-28
Dividend and Interest Payments
for September Promise
$20,OO0,O00 Increase.
OUTLOOK is EXCELLENT
in SPITE OF PESSIMISTS
Political Strife Will Not Shake
Our Firm Underlying
Conditions.
BY RALPH EMERSON.
Ised Wire To The Tribune.


NEW YORK, Aug. 27.-It is estimated
that dividend and interest disbursements
In September by railroad, Industrial ana
other corporations, will aggregate SloO,-
00o, 900 This is $50. 900, 600 ahead OF last
year which is pleasing showing in
deed Ever since American manufactures
and railroads have entered into their
present era Of prosperity, disbursements
on investments have been gradually In
creasing The increase has been SLOW
and substantial, which Is the best kind.
Those rocket jumps are unnatural put
the sturdy climb In dividends and earn
ings which has been In evidence recent
ly betoken soundness. m
The dividend payments next month VIII
exceed 1886 900 and interest payments
will be In the neighborhood Of S3f-
236, 900.
The disbursements for the nine months
Of this year Cncluding Septemper), are
81 1914 $40 900, an increase OF S15O.0oO.o0V
over the same nine months OF last year.
Already this year dividend and interest
disbursements are s27 900. 900 ahead OF the
disbursements OF the entire year OF 1907.
the height of absurdity for any man to
attempt to discount prosperity. All OF
the underlying conditions of business and
finance today are Arm. 1t is true that
alarmed over the present political condi-
tions have been attempting to falslty
the outlook. but statistics herewith pre-
sented eloquently deny all false asser-
tions.
1t Is said here that the New York
bank surplus will not be sufficient In
the early fall to assist the middle west
In the movement Of the crops. There is
nothing for alarm in this statement. for
the annual conditions In the interior are
such now that financial help from New
York will not be needed. There Is plenty
of money In the interior, In fact, bank
ers from the middle west have COM
planned that they have too much money
on hand. The currency operations Tor
the past week show that the New YORK
banks have lost approximately S726.OO0
A gain OF s49o,ooc was made on money
| transa actions with the interior. but this
was offset by the fact that LIS ,Ooo was
| paid to the United States sub treas
| ury more than was received 10 TINS
must be added 100000 gold, which was
withdrawn on Thursday for shipment to
| Montreal
Failure on the part of the Bank Of
England to increase It's rate OF discount
according to expectations In certain
| quarters has caused no marked change
| In the foreign exchange market IL was
said that speculative commitments Tor
and against such a development. pretty
| well counteracted one another In the sub
sequent trading, As matter OF tact,
| II is only the one-sided discount rate In
London that is causing concern,
Crop conditions are highly satisfactory.
| Such great Industrial corporations as the
| International Harvester company and the
| United States Steel corporation, winch
|
have Issued statements that they arc
eminently satisfied with conditions as
they exist at present throughout the
| middle west and the western states Late
| reports indicate a decided Improvement
| in the cotton fields. and IT is said that
| the corn crop Will go TO three billion
| bushels.
| with these broad considerations so sat
isfactory. Industrial and financial men are
| turning to the new year TO see what II
is going to offer. From the industrial
and mining fields In Pennsyvania Ala
hama, Indiana and Illinois, come optimis-
tic signs for 1911. The labor difficulties;
which have seriously affected the steel
and coal trade, are now about done, AL
! ready the order books show a substan-
tlal showing for the initial period of the
| new year.
Progress in the railroad field has been
somewhat handicapped through the
dullness of the local bond market and the
caution Of American and foreign inves-
| tors. go
Frankly speaking. railroad men will be
| gladS when the November elections are
| over There have been sundry express
sions appertaining to the activity OF
| Colonel Roosevelt Political enemies OF
| Colonel Roosevelt have declared that his
utterances Will cause unrest In Wall
street, However that Will do no great
harm unless Wall street takes II into
It's head to act as it did three years ago.
| I learn that the Colorado Fuel & Iron
| company will not likely pay off It's accu-
nulated preferred dividends, as the new
| policy Of the company is to accumulate o
working capital against an expected in
crease in business. The company is over
a million dollars In arrears on its pre-
fcrrcd dividends. However. the finances
OF the corporation have now grown TO
the point where no alarm is felt; The
company will not be compelled TO borrow
money; In fact, il Is predicted that 1t
! will be doing u gross business of $50, 0,000.-
600 next year II has spent nearly that
much in the improvement of its proper
! ties In the past decade, so that il Is
just now settling down TO a steady up
ward movement in Increment
Dullness prevails in the copper mar
ket The constant cropping up OF merger