The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-06

pns On Important part In financial do
leave gaping blank
Foreign Trade,
The foreign trade OF the limited st,+eo
ior the fiscal year ended June 80 reached
the wholly unprecedented total OF 81 55s
SoS eoS asS' asS consisting OF exports OF s2o4S,-
oniance or exports was thus $500. zoe. .3O4
or 1888, ,5s4.956 better than wear ago
th,omgh t,GMg not equal to the corresponding
tons prevailed The years exports were
much the heaviest ever recorded
d,Sr,n1 puTins MI and 1912 railroad and in.
s4se ,257 900 Or this amount the roiIl ~
roads are responsible for si0S, Os5. 45O
zen seaylmE the Industrial companies only
For the five years 1908 to 1912, in
elusive the maturing obligations aggre-
ga.e saos y, Sl'gS. In ;sa2 !; al Since the end Of
and one-ha!f years. the output OF new
securities has reached S7.246. 47S. $50 The
maturitles ma may be reckoned as amount
nancing accomplished.
Big Harvests In Sight.
The crops have revived We are now
going to have bounteous haryests. Corn
VIII fill 1000. 100000 bushels, with some
to spare The wheat harvest will ex-
ceed I25.ooo: 900 bushels. Cotton now
OF agriculture may be able. by his Gus
tomary straining OF optimism TO figure
out grand total Of all agricultural prod
ucts Of nearly $4,000: 900 600. The coun-
ruptcy month ago has been saved for
another year. Nature has done her part,
II Is now for man to do his
Through all the varying agricultural
prospects the stock market has sailed on
an even keel 1t refused to become de-
moralized when, the crop killer has sue
ess eeeded In burning up half the growing
are virtually assured the same calm is
preserved. The bears argue that the
markets action Is unnatural. unreason-
later. Their contention is that the largest
owners OF stocks have resolved to sit
tight irrespective OF developments. But,
say the bears, these fellows cannot In
definitely hold on to their huge commit
ments. especially should the charge for
accommodation he marked up On the
other hand. the bull can reply that finan-
ciers are convinced that their holdings
are worth more than present quotations
and that nothing will induce them to sell
until the public arc willing TO pay much
and selling have for weeks been of nesli-
glble volume,
Industrial Dividends.
Investors will receive this month the
sum OF sos. ISL .as6, representing divi
dend and interest disbursements by rail-
road. industrial and traction corporations
This compares With $1,000, ,359 in August
a year ago, or An increase Of sT.Ssl,627.
OF the grand total dividends will call for
SAC. .5S1 9s6. and increase OF s1.9S1.627. In
dustrIal corporations Will distribute to
stockholders only S19, 9,5l6, 10s. a decrease
of Sl24.2l0 This is the first falling off
that has been chronicled in a long while.
Several companies will pay out less than
n year ago. while one concern has omitted
It's usual declaration. On the other hand.
three Increases are noted. one addition to
the dividend ranks as compared with last
year and one extra. Incidentally IT should
he said that the returns are more COM
plete than in August. 1910. These re-
marks apply particularly to Industrial
as railroads figure but
slightly In the changes; Interest pay az
ments involve a total OF $40, 200 900
against S4s1O0. 900. this increase repre-
sentinc new bond and note issues.