The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-03-27

planning a siO,OO0.OOO bond issue OF In
vertible IS.
The Western Maryland Railway COM
pany plans TO raise $15 900. 900 by u stock
Issue. which viii be offered TO the stock
holders al $50 per share, according TO
statement from President Ben j. Bush.
This is Tor an immediate extension OF
the road.
II is pretty generally believed that Ed
win Hawley will not control Hooking
Valley very long before the common
dividend Will be Increased. Such action.
however. Will likely be deferred until the
$4,000. 600 preferred stock is released. AT
the present time the Sl5. 600. 600 preferred
shares are equal with the S1l,O00.oOO
II has been paying per cent but the
present outlook is that II can pay at
Least 5
The general railroad situation has
shown little Influence from President
Tafts railroad bill Congress has shown
more excitement over the bill than Wall
street. apparently. tremendous in
crease in earnings has been made since
Rio Grande and the Western Pacific. ac-
cordlns 10 figures just complied ON
cial figures concerning western Pacihc's
traffic are lacking, but indications as
Grande, arc highly favorable for a big
surplus at the end of the fiscal year.
Among the eastern lines, Reading
shows in Its present balance sheet an
lands. Reading draws one-hfth ot It's
gross from its anthracite holdings. While
~ per cent OF the coal II owns is un-
mined. 1t furnishes ne-seVenth OF the
There were two developments in the
copper situation within the past Few
days. the first being the action Of the
Anaconda Copper Mining company in in
creasing Its capacity TO 100000: and
the second was the return OF Daniel
Gugg genheim TO this country The in
crease by the Anaconda was another step
toward the copper merger. By this pre-
limlnary deal all OF the subsidiaries OF
the Amalgamutcd company are TO be
united The Amalgamated Copper owns
and controls ten underlying companies
and by this weeks dealings three -lourths
OF the holdings of Anaconda.
w, q. Thompson. member OF Q
brokerage house dealing largely In cop
pers. returned this week from SIN
weeks tour of inspection through Mon
tana, Colorado Utah, Mexico and Ne
vada. lie tells me that the western
copper camps are scenes OF great actlE'
ty His Impressions were eNtremel!
optimistic. and he declares that the tu'
ture holds much In store.
In the Birmingham. Pittsburg anc
YOUNGSTOWN centers. the steel trade Is
booming The Republic Iron and Stee
company has realized Sli,TOO.O0O by It's
present bond sale as quick assets for Inn
provcmentS.
The steel corporation is receiving or
ders close to its capacity Steel rail- In
quirIes run close 10 Is, O00 tons. iron con-
ditIons cannot now be regarded as true
Indicator Of the steel market. heard
an interesting and important report from
Alabama this week. II is that the United
States Steel corporation had acquired
control OF the Pittsburg River Coal inter
csts and inte ends TO stop the sNpoTtatlon
OF coal down the river to New Orleans.
where Il has either been consumed or
reshipped II this proves true. II VIII be
boon for the Alabama coal fields.
Reports from the west and northwest
are bright Orders for more than 100. .OQp
tons Of structural steel have been placed.
and not a railroad is Included In this list.
The agricultural outlook is very good
and railroads report Increasing trathc.