The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-16
Spectators Complaining, but
Business Men Find Times =
Are Exceedingly Good.
OFFICE RENTS COLLECTED
MONTHLY, NOT QUARTERLY
Some Big Buildings Have In
come of Three Quarters
Million Annually.
BY PRESTON G. ADAMS.
! Wire to The Tribune.


By Leased Wire to The Tribune.
NEW YORK, April 15.-Wall street
continues to complain OF phenomenally
dull business. The sales of stock dur
Ing March were only about half what they
were for the same month last year.
Hence we hear walls from the financial
district Of hard times and business de-
preston.
ance with the real business conditions
throughout the country these calamity
walls cause smiles. They believe and
speculation game and that the general
business OF the country Is on a sound,
healthy basis: with every prospect OF re-
manning so. This is borne out by the fact
that despite the speculative dullness
stocks are firmly held. the railroads are
doing a good business; the faceories are
ers are better off than they have been
for years.
1t is no sign OF hard times that the
inclination to gamble in stocks.
The output of new companies with ST.
100000 capital or over in the eastern
states during March, including the fling
OF certificates OF increase Of capital:
amounted to s139, 100000 This compares
with Sl72. 100000 In February and $685.
so9Soo ~ in March year ago The grand
|
month with a capital of 100000 or over,
Including other states than those Of the
east, reached s22S.5ls.ooo. against s2a7:-
32S 600 in February and s437, us 900 in
March last year. Pointing out that there
is little in the present situation of a
Character calculated TO stimulate the
| Notation of new enterprises on a large
scale, interests that make speciality of
interpretations report that promoters are
naturally Going slow. Moreover, they are
| not likely TO change their Indifferent at
/ 10
bacco and Standard Oil decisions and
other matters are settled.
Interest Charges Heavy.
To meet April settlements for interest
and dividends on securities maturing Sc
curities and rents on real estate re-
million dollars In the United States alone
| OF this total more than s2l0. 900 000 was
contributed by New York. Other big
cities also made heavy settlements.
make payments TO various real estate
companies. which in recent years have
entered largely into the ownership oC
sltyscrapers of large office buildings as
an investment. Naturally capitalists and
corporations quickly turn thslr rent
money into the banks and 1t soo1 be
comes available again for the loan mar
ket from which ii was previously with
drawn. There has been a great change
in The rent roll OF offiSc buildings and
payments are how mostly monthly. in
on assessed Valuation. mary real estate
agents csims te that the April rcn. r:ll
In Greater New York reached $4,000. 600.
Great office buildings like the i:road
Exchange. Trinity. United States Realty
Improvement and the Whitehall have
mn approximate rental OF 100000 per an
rum each.
The national banks are reasona bly, well
off An increase OF nearly sl26.000,000 in
loans over year ago does not. taken
by itself. look encoura ging in the face
industry as we'll as on the stock, produce
and cotton exchanges. But it should be
s72.OoO.O0 that there has been an in
nearly s3e, 600 900 and that surplus and
other profits are fully s45, ,O00, 900 better
amount due from other institutions has
increased almost s15i.000,000. though as
an offset the sum due TO Institutions has
rious changes account satisfactorily for
the growth In loans. During the two
months preceding the last call the
loan expansion exceeded .S155. 900. 900 but
cash rose nearly s72.000.0 900. while indi-
vldual deposits mounted up sl9l 900, 900
There is little in the returns To occasion
uneaSiness.
Cotton Mems Convention.
Cottonseed crushers. tile manufactur-
ers OF crude cottopseed oil throughout
the south. thousand strong are ex-
pected TO attend the annual convention
Of the Interstate Cottonseed Crushers as
sociation 10 be held in this city on June
I. and 9. according to preparations be-
Ing made by the cottonseed oil trade OF
the New York produce exchange. The
general committee has so far perfected
arrangements that they feel assured the
convention Will be a success, The COM
nnittee has already secured from the pas
senger associations covering the entire
country special convention rates for the
association, which Will make the expenses
OF transportation very moderate. Hotel
accommodations are arranged for at spe
clal rates.
The arrangements for the entertain
ment VIII take up all the time not filed
by the sessions OF the convention The
convention's sessions are planned to be
held at 10 o'clock q. m., with one session
a day, so that the entire afternoon and
meDt of the delegates.
The programme. while subject to
change. st present plans for a Sightseeing
Coney island and return the first after
noon and evening. The PennsylvanIa
railroad has placed at the disposal OF the
entertainment committee steamer to
take the delegates on the harbor inspec-
ton trip and to Coney Island and return |
The North German Lloyd Steamship |
luncheon and tea on the Kaiser Wilhelm
H.. which will probably take place on the |
second afternoon OF the convention. ar |
rangements are being perfected for gem
delegates on this evening. The last day
OF the convention will conclude with a |
banquet at the Hotel Astor. TO which |
acceptances 10 be present have been re- |
ceved from many of the leading south |
cn statesmen.
The board Of managers of the produce |
exchange has approved the plan Of the |
general committee for big reception |
band concert and ball on the produce |
exchange on Thursday evening, June s |
The immense board room floor. which is |
the largest in the world. is to be decor |
ated with flags and electric lights and |
the reception will be one OF the features
OF the entertainment planned for the |
southern crushers. This reception on the |
exchange will be the first time since the
exchange was opened in 1884 that any
thing OF this kind has been given.
The reception viii be on the evening
following the tea and reception by the |
North German Lloyd ON the Kaiser VIII
helm II. Music will be furnished by a |
full regimental band. Refreshments will |
he served in the great smoking room or |
the exchange and offices OF members in |
the building will be open for the special |
entertainment of guests.
MaNor C5aVnor has CouSpDied IN opoo |