The Birmingham age-herald., 1911-06-11
HOT WEATHER CALM HTS WALL STREET Quiet Will Prevail for Next
 Few Weeks CURE FOR PESSIMISM Trip West or South Should Benefit Any Wall Street Grouch-The
 Short-Term Note in
 Use Again
CURE FOR PESSIMISM
By PRESTON c ADAMS

| New York, June 10-There is not likely | to be a great deal doing in Wall street | for the next two weeks. Financiers and hot weather do not mix well in the Street, and the market leaders have pretty well gotten things in shape so that nothing very sensational will break
 while they are away trying to keep
 cool and get themselves in shape for the fall campaign.
 Really, there is nothing in sight calcu-
 lated to upset things. The Supreme
 court has classified the Trust situation
 so that the great captains of industry may shape their course and do pretty much the same things legally they have
 been doing illegally.
 There are not likely to be any radical
 price changes one way or the other, so the "big fellows have left us for a while.
 A Wall street authority issued the fol- lowing recently: Total interest and divi-
 dend payments for June, 1911 at approx
 imately $50, oO0000, including payments on all classes of stock and the interest fall ing due on bonds of every description This compares with ss5,000000 in June, 1910, and $S0,O00,000 in 1909. Dividend payments will total about 4o4,UO,UUDt CltSStu dS IOllOWos oobS, $9, ,147 O5S. industrials and miscellaneous, S22 746,552, electric railways, S1,704061; ; New York city banks and trust com panes, s210,0OO.
 Interest payments will amount to ap- proximately S43,00,0OO distributed thusly
 Railroads, $25,9S0O00; industrials and mis-
 cellaneous. $7,701,0O0; electric railways, s5, ,76S, ,000 New York city bonds, $225,OO0; all other cities, counties and states in
 the United States sS,351, ,0OO. There are no government bonds on which interest payments are due in June.
 The estimate of interest payments Is based on $3S7, ,052, ,S70 railroad bonds, $Sl6,- S67 900 industrial and miscellaneous bonds, $242 ,963, GOO street or electric rail- way bonds and $50, ,363,000 state and city | bonds (exclusive of New York city). Estimated disbursements for the current calendar year thus far, compare as fol- | lows: January, s211 100000; February, l $S5, COG, GOO; March. s11s,O0Q,000 April, S15S,- 1 GOO, 900; May, $10S,0o0,O00 and June ESQ., | 100000.
 The best tonic for the Wall street man l who finds himself becoming chronicaHy | pessimistic, is a trip west or south. Let | the banker or the broker who can see
 nothing but Encouragement ahead jump
 aboard a train and stay on it until he has put two or three thousand miles 1 between himself and the floor of the stock. exchange.
 l He will then discover that the worries l of Wall street do not bulk largely in the
 daily round of the people. He will find | them healthy, happy, and going about | their daily vacations with zest. Every
 man he meets will impress upon him how that particular locality is forging I-ahead and how the fertile west is to
 overshadow the east by and by. , If the Wall street man tries to em- | phasize the seriousness of this, that and
 the next subject which expresses Wall street, he will learn that nine men out of ten are very little concerned over the 1 fuctuation of stocks. In fact, he will | feel humliated to learn that his daily | dongs are given no thought out there. | But he will see inspiring proofs of prog ress on every side and he return to New York feeling that it is a privilege to be- | long to such a country. And should Reading or Steel decline a point or two
 one day and rise as much the next, he will reflect that after all this will not stop the wheels of industry, or cause the sun to stop shining.