The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-03-26
EXPECTS
BUSINESS BOOM
Head of Hartman Lines Tells
Of Observations on Recent
Trip in West.
AMERICAN CAPITAL IS
DOMINANT In MEXICO
Savings Banks in New York
Fully as Prosperous as They
Have Ever Been.
BY PRESTON O. ADAMS.
ased Wire to The Tribune.

NEW YORK. March 26--Few men are
better qualified TO express an opinion
worth while as TO the true business con-
ditions Of the country than the presi
don't OF great railroad system.
AS a rule these men are optimistic
For instance. there is President Lovett
OF the Hartman lines. who says on re-
turn from tour OF the lines.
The feeling Is good. Everyone is ex-
pecting better business, and / observe no
disturbing factor, nor was any suggested
The outlook for good crops. in view Of
the unusual rainfall. is very encouraging
Excepting cruptions here and there,
the people seem conservative, and the
feeling toward the railroads is good.
While our earnings have fallen off and
probably Will continue for some time to
remembered that last year was with us
unprecedented. the gross earnings OF the
southern Pacific being in excess OF s10.-
100000 and OF the Union Pacific In ex-
cess of Si1. 100000 over any previous year
In their history. Compared with previous
years we have no cause to complain"
Sir Edmund Walker, the Canadian
banker, splits UP the foreign capital sup
piled 10 Mexico as follows.
British. including Canadian about
in pa%Sys SSs S per per cent in 9ef MINING
and 20 per cent in agricultural and other
Industrial enterprises.
United States. about $1,000. Goo. 900 !;
30 per cent in mining and the balance in
other industries
French. German. Belgian. Dutch and
largely in bank stocks. In manufactures
and In wholesale and retail trades.
Savings Banks Prosper.
The present period OF the year is
usually tho dullest in the twelvemonth
with the savings banks. Any deviation
activity on the part OF their clients would
be sure 10 make itself quickly manifest.
AT the best savings institutions OF the
city no signs are seen of any material
change OF conditions that have prevailed
during the last half year.
Toward the beginning OF April, from
by some banks: more brlskness In do
posits is looked for. May is a month
In which heavy Withdrawals are Gus
tomary and before the half-year there Is
years the greater savings banks have
been becoming more and more repre-
sentative OF the whole city their de;
positors being less and less identified
with one particular neighborhood.
The increase Of deposit accounts which
most OF them report would indicate that
apparent stress and comparatively halt
ing business. has boon able TO put spare
money Into the savings banks.
The savings bank managers put aside
the rumor that their increases could be
ascribed to nervousness on tho part OF
their clients. owing to tho general hesi-
| tating condition OF trade. The gain made
by some OF the stronger banks since Jan
uary, which In one or two cases has been
pronounced. may fairly be considered due
| In no small degree to the higher rate OF
| interest paid by them against their
competitors. The decrease in business
| since the beginning OF the year relative
| to the total is regarded as too small 10
| be taken into account as anything but
seasonal fluctuation,
OF tho thirty-two savings banks In
! New York county. twenty-one are on the
basis OF a rate of per cent OF dividends
| for tho year, nine on that OF 30 and two
on that OF 81 and 4, according to amount.
Suez Canal Profitable.
Worms G. Co.'S OF Port Said report OF
| the traffic through the Suez canal for
| the year Just passed shows that the
| total number or vessels that navigated
| the waterway were 4533, having n gross
tonnage OF 23.054 ,90l. as against 423S YES
| sells OF 21 ,500.Sa7 tons in 1909
The following tabulntion gives the per-
centage OF respective flags based on gross
| tonnage which passed through the canal
| While the American flag ends the list
with the smallest percentage a large
portion Of the shipping registered under
| the British and German flags carried
| wholly American cargoes or mercha ndisC
consigned from the Far East for this
| country: