The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-25
, All Financial and Industrial News of the Day H$ H$

casts are to he expected. In fact. there
never never has been time during the past
most marvellous period of prosperity that
this pessimistlc element could nor be
found Torecastins disaster. They are
me summer months, when business ace
tiviIy Is naturally at Its lowest ebb.
The commerce Of this country is so
varied, with such extensive ramifications
that depression in a few lines OF trade
cannot be taken as indicating general
me has come boz bSr or The
In the prices Of securities In our finan-
cial centers can seriously affect the gem
eral prosperity of the union
This is the dull season in the security
market The demand Is light and prices
are low; nevertheless capital Is very
actively engaged in new enterprises
been blessed, with magnificent crops soon
to be harvested. and the army Of the
unemployed is so small It would not al
I'm New York state the reports of the
labor unions show that there are many
more people employed than there were
at this time year ago.
THE bank returns from summer re-
sorts and amusement centers show an
extremely prosperous season, which In
dicates that the people are spending their
alton.
THE total resources OF the savings
banks in the state OF New York In
creased over sss.ooo,oo0 during the year
ending June 80,
These favorable conditions nre known
TO. prevail in greater or less ratio in the
other states"
Securities Are Dull.
Corporations never experienced more
difficulty In raising new capital than to-
day. During the whole OF August they
were able TO sell less than s64, 900 900. the
lowest amount In recent years. In hu-
gust, 1909. they disposed of more than
is almost s20,00o.000. In January more
than sl56oo0.ooo were floated. while In
March the enormous figure of S372 ,OoO:-
dustrial corporations are suffering. The
railroad issues last month fell off Sill
100000 and the industrials nearly $1,000
600. Bonds were most seriously affected,
smaller total than in the same month a
year ago. The stagnation now is in
striking contrast with the activity earlier
In the year. For the eight months OF
1910 the aggregate output has reached
the gigantic total of sl,1S0 600. 900. or
SIS 900 900 more than last year. The in
crease is due entirely to expansion IN
the volume Of short-term notes emanat-
ing from the railroads, which are find
ing 1t impossible 10 float either bonds
or stocks on attractive terms, Untortu.
be recorded. 1t is consol'ng to know
that the principal corporations. with few
exceptions. are not In dire need OF FUNDS.
Express Companies Not Alarmed.
Officials OF the large express companies
declare that their respective corporations
are not alarmed by the petition OF the
Merchants association and other I'M
nortant commercial organizations
throughput the United states for "an IN
vestigation OF interstate express service,
and OF the companies engaged In the eN-
press business. as TO unjust practccs
charged against said companies.
Although the express companies nave
not been ordered to appear before the
commission. it Is learned on reliable ad-
vices that the commission will conduct
an investigation such as IS asked for IN
the petition.
"It is not fair" said q representative
of one large company "to base the theory
of rates on the capital invested In the
express business Such a principle would
be most unjust 10 the small companies.
The whole movement is unfair 10 the eN-
press companies. which have contributed
SO much and are still contributing; TO
make the country prosperous, Ihese
business men would have an express com
pany do the business of freight line,
and not charge any more.
"The rate problem" he continued:
will not be settled until the government
owns the railroads. which in time is
bound to come.