The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
Hard to Tell What Will Be Con-
dition Oh Reopening Next
Tuesday.
SHORT WEEK WAS ONE
OF UNUSUAL DULLNESS
Nothing in the Recent Happen
ings to vitality Affect Finan-
cial Currents.
BY RALPH EMERSON.
BY Leased Wire to The Tribune.


NEW YORK, Sept. s.-There was no
session OF the stock exchange today and
there Will be none on Monday, and from
the operations during the present week,
ending yesterday 1t Is difficult to pre-
dict what the market viii show when
II opens on Tuesday, after the holidays.
This week the market WAS one Of con-
tinual dullness and heaviness, with oc-
casional rallies or drops, which were not
sufficiently large 10 be of Importance.
The trend OF the Developments this
week likewise were ur little Importance.
1t was predicted before Col Theodore
some OF his utterances might be utilized
by the bear crowd, but whether Colonel
Roosevelt's speeches have not annoyed
Wall street or whether they were not OF
the sensational caliler expected, 1t is
evident that they have played no part
in the weeks market.
New York banks lost nearly s11 900, 600
to all quarters during the past week New
York banks shipped $685. 600 more cur
rency than was received from the inte-
rior, while the banks lost sS.600,O0o to
the sub-trcasury. To this loss must be
added $2.000,0Oo gold shipped to Canada.
This has been a dull week as to devel-
opments in and out of the stock market.
Little has transpired In the Industrial
field or the railroad field worthy or nlen-
tion.
An interesting statement was issued
from Judge Lovetts office In this city
to the effect that the Hartman lines
| ment. The programme Of improvements
and extensions will be carried out as
| planned last year
| However. plans for new work are be-
| ing made on a less bountiful scale, until
| there is brighter prospects that the IN
| vesting public will stand back Of :he
demands 1T makes for expensive construc-
| ton work through new territory. but
this has nothing 10 do with the present
dividend rates on Union Pacific and
Southern Pacific stocks. The regular
declarations will be made In November,
| Chicago. ST. Paul & Omaha, in Its re-
| port to the Interstate Commerce COM
| mission. shows that operating revenue
| increased sl,5I0.37S. or 1l.s1 per cent.
are now the best in the annals of the
company. The preferred stock Is safe
guarded to the extent of 24.4, while the
common has earned 1o.5 per cent.
gage bonds, due September 1, amounting
| TO S1,250,00o and representing half
| years interest on S50,00o.O0o. was pro
vided for out of the Western Pacific's
Denver & Rio Grande It was expected
would have to provide this money, but
aside. from the funds already advanced
last the Denver & Rio Grande has not
been called upon to furnish, a dollar
from Its own cash drawer, which aggre-
AS in the railroad field, there is little
but dullness in the Industrial and cop
per metal fields 1t was announced to.
| day that the foreign visible supply OF
copper has decreased 3.s15,2oo pounds
In August Curiously enough. the Ameri-
can stocks during the last six months
pearing that the stocks here are, on tho
| point OF declining, there are indications
| that the tide has changed abroad and
that the next month VIII l,t. Likely ,,S snG% tns
pubile public from SI, & Steel company for the
year ended June 30 Is the strongest and
most complete document the company has
| issued The net profits equal between
| IL and IL per cent on the preferred stock,
which is Per cent better than the pre-
| cedng year The PittSburg and Alabama
fields show good prospects for the bal
| ance OF the year.
The greatest interest in the bond mar
ket Is directed toward speculation over
the amount OF the SIS, S,500,000 first mort
gage per cent bonds OF the Chicago
Great Western railway. These bonds are
bers OF the underwriting syndicate formed
b VI. p Morgan & Co. There has been
as yet no intlmation of the amount OF
this Issue. which actually has been sold
stood to be small. Moreover. investors
who purchased the bonds at the time or
the original offering have mad the un-
| pleasant experience OF witnessing nearly
ten-point decline from the offering
price.
| themselves are concerned, their present
| weak market position appears to be duo
entirely to technical conditions.
| IT was said today that Wall street
men are watching with keen anxiety
the weather conditions in the middle
west. The weather today. Sunday and
Monday Is supposed to play an iInpor-
| tant part in the regulation OF quotations
| Tuesday So far reports from the corn
belt have been Of the best kind. With
| a continuation of this satisfactory atmos-
pherc condition. and with as few devel-
| opments In the general field OF fiannce
should be no concern over next weeks
market opening.