The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-09-07
OPTIMISM IS SEEN
IN AUGUST TRADE
Salt Lake Security & Trust
Company Issues Encour-
aging Letter.

The Salt Lake Security & Trust com
pauy has issued most optimistic trade
letter with reference to condition!
throughout the country for the montl
Of August. The letter emphasizes tht
fact that the dull months are now be
hind and that the business and finan
cial world is again coming into it
own. The letter follows:
During the past month a most un-
mistakable undercurent of optimism
has developed throughout the Coun-
try. 1t is not easy TO say definitely
Just what conditions have brought
this about. but IT Is nevertheless evi-
now on will be all in an upward d.
rection. Without forgetting the old
time warning against shouting before
one is out Of the woods. there Is
nevertheless every reason to anuct-
pate that the dull months are be-
hind and that the business and flnan-
cial world Is coming Into its own
again.
Although reports from farming seo-
uons and various parts OF the coun-
try are comparatively favorable, at
the same time an accurate prediction
as to the final outcome cannot as yet
be made. While wheat, oats, barley,
hay and cotton crops are reported
as satisfactory, there 1s considerable
doubt with reference to corn, owing
to the drought which has prevailed
In certain sections.
Railroad earnings are IN the main
showing up satisfactorily and on some
OF the systems gains are recorded
The railroad business as whole is
prosperous and certain work is be-
ing done on improvements which are
expected to result benefcially to the
earnings as time advances.
At the recent meeting OF the board
Of governors Of the Investment Bank-
ers association criticism was made
on the tendency of tho law-mak!ng
power In certain states to oVerdo
blue sky legislation. The Invest
ment Bankers association has been
organized for the distinct purpose OF
making war against unreliable invest
ments and its membership consists
Of leading investment bankers OF the
country. The association is naturally
for the protection Of investors. but
has sounded u note of warning
against carrying enthusiasm in this
cause too far. II was mentioned that
In one or two states there In 80 much
blue sky law that there Is danger
Ing ruled out of existence
All proof Of continued prosperity
there is perhaps no moro signiA-
cant fact than the numerous In
CrSdoeS III OlVlQSHu fdtSb "iiiSii in' %
been declared during the present
/ year. A great majority OF these In
| creases have been among public
utility companies, though several
took place among the large Industrial
corporations, On the old theory that
figures talk this record indicates that
there Is certainly little foundation for
some OF the pessimistic ideas that
have been floating around in connec-
ton with the general condition OF the
country's business,
During the fiye-year period from
1909 to 1913 the pig iron production
OF the United States was in excess OF
13ss000, 900 tons, an increase OF "a
per cent over the previous flve-yeal
period. whom the amount was lO6.-
100000 tons, The four previous fivo-
year periods showed production as
follows; 1899 to 1909, 78.b0o, 00(
tons; 1894 to 1895. 46,350.000 tons
1889 10 1893. IL. 100000 tons; 188'
to 1888. 16s 700, 900 tons.
Figures just issued covering banl
exchanges during July show salts
factory condition OF affairs The to-
tai for l2S leading centers was In tn
neighborhood Of s13, 100000. Th
middle Atlantic district made tn
most favorable showing, Philadelphia
and Pittsburg being espec'all!
! strong.