The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-02
Opening of Spring Finds Bust
ness Men of East Opt
mistic Mood.
PLENTY OF MONEY IN
SIGHT FOR BORROWERS
Not the Slightest Disturbance
Anywhere in the Finan-
cial World.
BY Leased Wire to The Tribune.


NEW YORK. April 1.-The business
outlook for the opening oil spring is all
mat could be expected for the forecast
week OF March has been one OF the most
interesting OF the year for financial and
banking circles. Monetary complications
are not infrequently threatened at the
end OF the first quarter of the year, as
very extensive settlements have to be
arranged for at London: Berlin, Paris
est payments in New York at this time
being estimated at almost S150.00o 600.
Inc week has passed very. quietly In
disturbance took place. This has been
the world.
Bankers. with few exceptions. express
or 1911 conditions will be considerably
improved The addition Of s79. 500, 600 OF
security investments other than in the
United States bonds seems TO have a
relation TO some features OF the securi-
ties market and tho new financing Of
the year which is unquestionaby re-
tent that analysis. OF return has been
possible. the detailed figures show that
The banks OF this city and of Chicago
are responsible for all but small part
posits and notes. very legitimate in
ference from this is that there is re-
Elected in these changes the underwrit- :
ing syndicate activities connected with
the flotation Of new securities and in
relation to the lodgment OF securities,
both old and new, and in particular TO
the new financing of the year that the
latest bank report contains its most i'm
portant implication.
The temporary credit for certain kinds
OF borrowings. notably on short time
commercial paper and collateral loans,
is in respect to rates as easy as could
be desired.
The movement of commerce has indi-
Gated a large trade both domestic and
foreign. One OF the largest movements
OF commerce Tor the week was that OF
coffee through a deal consummated by
the valorization committee Friday. The
local representatives OF the firm charged
with the management Of the valortzaton
stock OF coffee. held by the Brazilian
state of San Paulo, have announced the
results OF the sale OF 500. 900 bags OF cof-
fee in the various markets OF the world
in accordance with a decision arrived at
by the committee at a meeting In Paris
In Europe 800. 900 bags had been dis
tributed for disposal AZ Havre Antwerp,
Rotterdam and Amsterdam and the
TO an approximate total value of S1O,-
000, 900.
Tho situation generally is such as TO
s0ee e59Ps s9S Of
the depression which has begun TO spread
over the west. the country's power. the
house OF economic energy. The depres-
sion there is. OF course, the effect OF the
large decrease in western buying power
and debt-paying ability which has been
consequent on the declines in general
prices especially for agricultural COM
modlties and farm products. Such com
rnodities and products will completely
reanimate the west after il has become &C :
customed TO the new range OF prices. and
II the agricultural and farm year Is satls-
factory in this respect we can all doubt
less quite afford 10 forget the spnoks and
spectres which politics has been con-
jurlng up Perhaps we cannot ignore
but we may endure and overcome the
drawbacks OF tariff revision agitation
the impediment Of corporation restrict
ing legislation and the handicaps OF gov
ernment regulation so long as crop out
look and returns are reassuring.
Undoubtedly this is why some OF The
shrewdest Judges Of the stock market
and operators therein frankly express the
hone that quiet in Wall street will con-
tinue and reflect or anticipate for months
tn como, or until the crops are practically
made, quiet throughout the country.