The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-04-17
MARkET 8 GAINS
PRONOUNCED
Week One Of Fair Business,
With Generally Strong
Prices for Leaders.
TRADING DISTRIBUTED
OVER VERY WIDE AREA
POstpOnement of Decision in
Big Trust Cases Main Cause
of Relief.
|, Leased Wire to The Tribune.

By Leased Wire to The Tribune.
NEW YORK April 16.-Commencing
Monday. when the United States supreme
court ordered the rcargument of the
American Tobacco company and Stand
ard OIL company cases, the stock mar
ket commenced TO assume steady
strength There was a relaxation In the
business hesitation throughout the cOun-
try when tho announcement came from
NaShIGgt ION.
This week the total business OF the
stock market was about four million
shares and widely distributed, Some Of
The total advances We're o. In Reading
90 in Union Pacific, 81 in United states
steel ~ In AmalGamated copper and "a
in Southern Pacific
There were several contributing causes
this week TO add a brighter feeling to
the market. The United States Steel cor
poration has Increased the wages OF It's
100000 men practically per cent. which
viii likely forcStall any labor troubles.
The coal miners in the western Pennsyl-
vanla district and slarting the Plttsburg
industrial belt have had an advance OF
wages offered them, but the strike situa-
tion Is by no means improved,
President Taft's attitude against the
proposed investigation OF the American
Sugar Refining company by congress Is
in line with The plea Tor Industrial peace,
Attorney General Wickersham In his Chi
cago speech said that the government
would not interfere with Legitimate bust
ness enterprises, and President Taft Is
maintaining an attitude supporting Mr.,
WIckersnam'S statements.
The gold shipments TO Europe stil
keep up and at the present time, $l2,OOo,-
900 In gold has been sent abroad.
4 number OF changes are contemplated
in the railroad field. a report from Mon
treal says that Sir Thomas 'ShaUShnessy
president OF the Canadian Pacific. is
planning to resign. 1t is understood at
the same time that ~ J. Earlings presi-
dent OF the Chicago, Milwaukee, & st
intention
signing. Marvin Hughtt. president OF
the Chicago e Northwestern railroad, is
also said to be known TO be contemplat-
ing retirement, j, L, Harahans con-
nection with the Illinois Central has come
now TO be looked upon az merely nomi-
nal. These changes Will bring some new
men TO the front.
So far as the railroad industry is con-
cerned reports OF the week were en-
couragiug. Developments tended to show
that business is growing steadily better,
English capital has begun TO encroach
In the American railroad field TO a no
ticeabe extent. The Pearson syndicate
is now a heavy holder of Rock Island
stock. The English syndicate is. also ac~
credited with now having complete con-
troll of the Lehigh Valley. The Pearson
clique holds SIS 600 worth OF Rock
Island bonds In addition TO the preferred
and common stock.
President Howard Elliott OF the North
ern Pacific. who was In New York for
several days before leaving for St. Paul.
souri, river were highly favorable to It
good business year. He said that there
was an increased acreage under cultiVa-
ton and that the lumber industry was
For the first eight months OF the cur
rent fiscal year earnings were equal to
fun surplus for the year required to
maintain the current dividends. The
Colorado & Southern has the widest lead
over surplus requirements. but the Bur-
lington could easily increase It's rates
II the controlling lines so desired.
The swltchmens strike and the wealth
is little likelihood that either the North
ern Pacific or the Great Northern will
Increase it's dividend or make any cx
ira distribution this year, The Baldwin
$40. .000, 900 bond Issue in the near fu-
ture.
IT is believed. and present Indications
apparently bear out the belief, that the
gross earnings for Atchison. Topeka &
Santa Fe this year will be between sl03.-
900. 600 ana 100000 900. a compilation
today. showing the earnings OF the Gould
roads at the end OF the nine months OF
this fiscal year. showed an aggregate in
crease I'm the gross earnings amounting
TO nearly SIC 600. 600 OF this amount the
Denver & Rio Grande contributed the
greatest share; next Is Missouri Pacific.
and the least amount is given by the
Cotton Belt,
The directors of the Amalgamated Cop
next week for the purpose of taking ac-
tion on dividends, 1t Is generally ex-
pected there will be no change in the
rate.
gamated. In q statement. says the out
look Is most optimistic During the lat
ter part OF the week the sales of copper
metals increased. Calumet & Hecla adj
Vanced their prices for that son. The
reported movement of money this week
Indicated a gain in cash reserves OF