The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-03
ACTIVE SEASON
IS ANTICIPATED
Bankers Expect Improved Con-
ditiOns, but Will Be Con-
servative.
CAUTIOUS FEELING
In BUSINESS WORLD
Industrial Concerns Handle
Improved Trade in All
Staple Lines.
BY PRESTON @. ADAMS
easnh WIre tn Tha Tribune.

BY Leased Wire 10 The Tribune.
NEW YORK, Sept 2.--Whatever the
situation may be in Wall street and from
the brokers' standpoint II is distinctly
bad there is a general agreement on the
part of men who know that the general
conditions throughout the country are
sound and that there is no reason TO teel
alarm SO far as any line OF legitimate
business ia concerned.
The great Industrial concerns OF which
United States Steel is a type are doing
good business In profitable lines. In a
wholesale way the work OF distribution Is
going forward quietly and steadily. In
ternetlonal trade WAS checked somewhat
by the labor troubles in England. but
soon will be back In normal channels,
The great staple crops are on the whole
IN good shape and the railroads look Tor
a season Of activity in moving Them
With II all there is Il feeling OF con
seryltisnl and caution throughout Inc
whole business world. which probably viii
continue, as next year secs prcsiden-
tia election.
This conservatism is not considered as
4 bad thing under all the circumstances.
1t will prevent anything like Al boom. but
Will rot interfere with the steady. profita- :
- conduct Of the business of the coun-
lYv.
tina; a majority OF the prominent indus
trial CORPORATIONS have Increased their
cash holdings over those OF last wear.
Sixteen leading companies. namely: the
American Car & Foundry. American Beet
Sugar. American Smelters Securities.
American Smelling Refining American
Radiator, Corn Products Refining. Inter
national Nickel. International Steam
Pump, National Biscuit Railway steel
Spring. Republic Iron G. Steel. United
States Cast Iron Pipe & Foundry. United
states Realty, United states Rubber
iughouse T.. & NJ. have reported thus
far during 1911 total cash on hand and
total assets. which compare with former
years as follows;
Year, on Hand. Assets;
1ot -, .,...... st5,1I2602 sl,o47. 49,. .0S2
1910 49,. ........ N.ts3: Il0 l,odo .2S5. -
1903 ~ ...,..., 3s.950.6l2 993. $50. 405
II is noteworthy that cash reserves arc
increasing more rapidly than tho total
assets for the percentage relation of
cash on hand 10 the Total assets OF the
sixteen corporations was 4 so per cent
in 1911 compared with % uer cent in
1910 and 4 90 Per cent In 1903,
Reasons for Decreased Speculation.
cuss tho distressing failing of In stock
speculation, All sorts or reasons are ad
vanced for ii. Here is how It strikes
one financial authority,
specula tion as q mere gamble always
loses in The long run. He makes money
at first, and it Is all the more certain
that he will spread out unduly by pyra
miding his paper profits. aud will lose
everything at The first big slump. The
outsider has been learning few OF these
things during the past five or six years.
Among other things lie may have learned
that the insiders In the Steel corpora
tion. the American Tobacco company.
the Standard OIL company, and many
other big enterprises have made money