The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-05-15
MARKET QUIET.
BUT NOT WEAK
Continued from preceding page.


81, 900. 600. on operations with tho in
terror there was a net gain TO the banks
OF s1.259 900,
The United States subtreasury returns
for the weeks transs ctions with the New
York banks show net receipts by the
government on all accounts of $e4,SS2,-
600: net payments by the government TO
the banks S261i1, 900 II is interesting
TO note tho railroad news Of the week
According 10 this source. we md that
the ST. Louis Southwestern Is earning nj
the rate OF 3 1-3 per cent on the common
and preferred stock. This Is looked upon
as satisfactory showing, not~ithstand-
OF partial failure Of the cotton crop. The
earnings in the first week OF the present
month showed an increase Of $4,000.
The Gould railroads continue to re-
port large increases of business. wa
BASH Missouri Pacific and Denver e Rio
Grande for nine months show an aggre-
earnings OF those three roads increased
Is per cent, or over S.. o00, 600.
The Chicago, Burlington & Quincy has
announced its budget for the next twelve
months. which carries sufficient for 81.
100000 expenditures for new consiruc-
tion. There is much speculation as To the
activity Of James J. Hill In the north
west. This builder is working the way
o. his lines down through Oregon. nnd a
new contract for l2S miles of track al-
ready let viii carry his system to the
lines then will cut into the virgin strip
Of the finest timber land in the world.
The United States Steel corporation
has begun TO curtail It's output, not for
the want OF orders but 80 maintain
more even equilibrium In the law OF
supply.
Southern iron and steel mon are ex-
tremely optimistic over the iron In the
southern overlook. Members Of the eX-
ecutivc committee OF that company re-
turned to New York from an inspection
TO nj
spoken nothing but words of glowing trib-
ute to the new industrial south.
In the copper situation. the same old
elements and the same old cry prevails:
THE production must be curtailed' Cop
per metal men declare that Improvement
will unquestionably como jus, as soon as
the output is lesscned.
There is much speculation over the size
o. the years wheat crop. in order 10
compare the growth Of the worlds crop
with the increase in population II is
able fact that while the populst ton has
increased very rapidly. the crops OF this
precious grainstuff have not increased.
bsttered by the btuminous strike. An
unusual amount is being mined and
shipped.
Market Of the Day.
Owing 10 the absence of a British mar
ket today. the listlessness OF the week In
the stock market extended over into the
short session today. and as a result trad
ing was mostly professional but there
a strong tone during the two hours
Of activity. There was continued strength
In the Canadian Pacific. Wabash and
Rock Island shares. but these stocks were
without influence on the general list. No
credence was given TO H. but the rumor
was spread that Canadian Pacific had
ACQUIRED control OF both Wabash and
Rock Island.
Reading declined nearly a whole point
on the opening this morning and Mis-
souri, Pacific was dull Amaigamated
Copper was helped by the announcement
OF the completion OF tho negotiations by
which the Butte properties OF Senator
Clark will be purchased.
There was bullish inactivity in Inter
national Harvester and United States
Rubber. The bullish activity around II
o'clock was more pronounced in Anal
gamated than elsewhere. and. result
this stock attained new high figure on
the present movement.
The market closed narrow but firm.
Total sales, par value, were 2o9.5o3
shares.
Money on call was nomnally : per cent
today. Borrowing was very light. The
sterling exchange market was firm. with
rates 10 10 points higher.
The bond market was dull