The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-12

Wednesday. The three trustees expected
to manage the affairs Of the company
RYAN were Grover Cleveland. George
Westinghouse and Morgan j. O'BrIen.
May Fall On Morgan.
After MIR. Cleveland's death no ono
took his place. AIR. Ryan sold his stock
TO j. r. Morgan, and the power OF nanaa,
Ing this vast company, win all It's alieG 20
enterprises will fall to Mr. Morgan IL
the trustees arc retired on Wednesday.
The entire capital stock OF the Equit-
able consists OF 1000 shares. ,c,
statement of T.. p. Ripley. head OF the
Atchison, that his company would re-
trench TO the utmost during the balance
OF the present fiscal year is not shared
by other railroad heads. notwithstanding
the fact that Mr.. Ripley says there are
dark times atead for the railroad cor
haps Mr., Ripley is pioued The Atchi,
son was one Of the roads which would
have been benefited most II President
Taft had not gone 10 the aid or inc SNIP
crease.
Southern Pacific seems to be doing
well. The surplus for stock is now esu-
mated at l1.2 per cent for thc fiscal year.
This amount compares with 9-S3 per
cent last year the percentages being
based on the stock now outstanding.
In the Railroad List
Tho National Railways OF Mexico is
closing an exceedingly prosperous year
Tho Increase in net earnings is sOi per
cent over last year in ten months. Net
surplus will total al least S9o0,oO0.
Edwin Uawlcy, the new Hartman Of
Wall street says, that inc SnoSasS gad S,,L q
cago e. Alton has been hobblng up aI1o
down. the fluctuations reaching nearly
II points. Tho stock eased downwara
upon the report that the dividend Would
be passed next month, m w
The fiscal year OF Texas Pacific VIII
end on June 80. and from an estimate
which has been made within the past
day or so, the road VIII earn 5.3 per cent
upon s2d. .oST. 900 income bonds, Tho
earnings in round figures Will be about
Chesapeake & Ohio ls making good rec
ord and the divisibe surplus Tor TINS
year ought to he s630o,o 900. a surplus OF
that amount means 10 per cent earned
; per cent basis by the directors.
The Northern Pacific is tagging some
what There has been big increase IN
business but this was offset by an In
crease in the cost of operation.
Copper Is Unsettled.
The copper market is unsettled. Cop
per shares were tossed about In the
general maelstrom this week without re-
gard TO actual conditions. Prices VIII go
stSll lower. despite the predictions OF
reports from Alabama Pittsburg
Gary say that railroad conditions have
caused the only movement which has
existed in steel statistics. The general
disturbance is affecting the bond market
as n matter of course. The bond market
so far as high grade bonds are concerned.
is irregular. BY the action Of the Amer
Jean Tobacco company In offering 10 pur-
chase the remainder OF the $4,000 600
honds of North Carolina. officials OF the
state are relieved OF a trying sltua ton
For a time il looked as though these
bonds could not possibly be sold despite
Word from abroad says
that James J. Hill has been negotiating
very quietly for the sale OF $50. 600. 600
bonds. the negotiations being carried on
through London banks This report Is
not widely credited In the street