The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-22
|[WS C0NFL|
||S To OUTLOOK
..ideut Harahan Believes In
,stors Have Reached Stage
N Of Extreme Caution.
InrEACTURERS DECLARE
I PROSPECTS ARE BRIGHT
In Has Been of General
H l0uIIness, With Only Occa-
sjsnaI Spurts of Activity.
nv RALPH EMERSON.
wlre IN Tic Tribune.

wire W t"'
ru YORK. May 2l.-When Presiden
W of the Illinois Central railroad
far europe this week he lett be-
NJ a statement in which he eN'
d a. some slight unensiness over the
stsI and financial outlook. Mr.
An who is a student OF affairs al
Relieves that political conditions
i,nIted States have ioStered a feel'
rsution and backwardness among
~ which will not be dispelled fo'
line. Following this, the mem
/ 4 lhe American manufacturers as
,bc, who gathered IN TINS city II
.,,o declared individually and col
m that the outlook could not bC
e. They scout the view Of Mr.
<,n-theIr words are OF an optim-
nv as the stock market is con-
mi. was a dull week, with little
and occasional upward shoots
,snSed 10 keep up prices pretty
IN even though the latitude oi
s,s not great. The market in
u Strength. just as IL did a week
and there was not even the
break TO justify alarm. The
Iutement:
vsek's currency movements OF
Yurk banks experienced heavy
Ibs excess of receipts over ship
i approximately $l0.500. 600. on
n operations with interior banks
realved $685. 900. and this gain
~ enlarged by about $500. 900 re-
from the United States sub
q. The money market is now ap-
~ the time of the year in which
LID calculated TO develop anything
Xrlous nature. According TO prece-
3 market should be easy for the
-cnih or so. Both time and call
lave shown firmness and the gen
tEatlons arc auSpicious.
{s7elopmcnt OF Importance is the
rlrt Of new wage scale by the
MS WAS the last serious obstacle
4 Xrrony among the earnerS, and will
cchirs settled the horizon looks
Fighter The settlement Of the
Ezk will mean a standa rdizatio
Ee east OF Chicago. which Will dis
n that difficulty for some time 10
tiails Of the disposal of the st.
= ls1e Of debenturcs abroad will
4Uk made known next week,
. Hsn have received with elatlon
rI|E Of The placing of these sccuri-
Paris and also of the placing OF
~ worth OF Big Four bonds
! q II is likely that no official de-
y statement OF the price OF the Big
f1ksentures will be forthcoming for
Ti|=e With bond movement har-
~ With the stocks. investors look
= Adaning and Strengthening fea-
/ q utNetors OF the Chesapeake 6,
I1<Ig OF the Eawley links, decided
= EIB 10 Increase the dividend from
rz1|T cent Following so closely upon
Z saon by the United States Steel
= IN mis- shows concluslvcly the
81 ~ with which the big men Of
II ~ regard the future. Inciden-
aaTley has acquired new rail-
h-t1 keIoing 10 an announcement oi
,s1N With confirmation today. Mr.
:, 2s purchased the Texas &, Cen
n 10y teXtending 2Sl miles north
y D which he will comb bine with
~ ~, Kansas & Texas. This new
% ls into a rich Texas territory
) q stouchcd by the lines OF the
y rTlaakum syndicate.
~ e'ern railroad situation has
~ most OF its present or looked
4 e onllculties through the stan
~ oi wages. Announcements OF
q HON that the Union Pacific
~ grown which offsets the bad
80 me nard winter and the re-
~ 80 0, The retrenchment policy
r q N effect two years following
f5-.f Union Pacific. however, is not
~ tne compiled list OF railroad
I'D nave shown extraordinary
ttHa gross earnings in the fiscal
NOSE In that list are Cana
burlington. Great Mort hern,
Lnway. Louisville &, Nash
:. y, Missouri Pacific. Seaboard
81. rehnsylvania and New York
Z. 0. leads. In the case
NG .9y Southern April earnings
sE increase OF II per cent over
2syni OF last year. Western
- nave shown up to better
aAa 'nt Tor the heavy rainfalls
lll'u rs rockies which washed much
.uVh u scpper should easily earn
me current fiscal year. The
p~. & been Increased with a
bfu/ s'suo and despite some bad
n s,,ss lirc, cstima tes made now
nH X Lshl. The copper Situation
90 improving. The domestic
. o. the metal has incres seG
..n{ .t cent In the past wear and q
II llyD}| sya upns trade conditions financial
w nv Tended 70 retard stock re-
,taeu NJ n. metal companies.
DylJ Mldustrlals, United State.
.rd{| kssIrrnts Its steady front. rho
-0fIlU p-mg IN dividends, although
wv ~ ,r33a.enty good for both ihf
H. the lndepcpdents 81 3roaan, ai,t
Al M1|| 70 The contrarv that, al
tl W. as,s s1ues Of the thirteen large,
~rk.ey eleven are paying divi.