Salt Lake Tribune | 1914-03-06 | Page 10 | Dealers in Stocks Develop Caution

DEALERS IN STOCKS DEVELOP CAUTION bosnn & Bryan, members New York and Boston, stock exchangcB and Chicago Chi-cago board of trade. 109 South Main street, furnish tho following, received over their private wire yesterday afternoon: From Logan & Bryan's Now York office. of-fice. List was feverish as a conscquenco of the sharp decline In Clicsapeake & Ohio, which was uscrlbcd to the requirements require-ments ImpoHed upon the tjompany growing grow-ing out of Its wile of 533,000.000 noteH. The ability of tho company to continue dividends at tho rate of 1 per cent under the conditions sot forth in the notes seemu to be Koriously questioned at present, pres-ent, though it was ald for the company that earnings aro expected to Increase as a result of Improvements, etc., to a de-grco de-grco that will not Jeopardize the. current dividend rate on the stock. Opinions as to tho outlook appear to be greatly confused con-fused and tho desire to tread slowly has become quite pronounced. Of course, the crisis in Mexico is a factor, as Is tho delay in settling the eastern rate problem, and then, too. the prospect of further trust legislation is a deterrent, but oven so, and despite many cross-currents, tho underlying llrmness which the list has of late exhibited la causing much favorable comment, and speculative sellers have not been very successful in dislodging long stocks on the drives. Signs are not. lacking of accumulation ac-cumulation of steel and copper, and while an upward movement, may bo deluycd for a time, still It appears very much ass If efforts will shortly be madn to promote rising tendencies. Corporate borrowing ia being conducted on a basis not very advantageous to certain corporations nnd the failure of the Canadian government loan In London suggests that Investors are discriminating closely and demand what by comparison looks to be a fancy vleld. Funds, however, are accumulating at the principal financial marts In such manner as denotes that It will not bo long before financial Institutions will begin be-gin to encourage tho employment of capital cap-ital and credits rather than further accumulation ac-cumulation of same. From Paine, Webber & Co . Boston. Weakness in Chesapeake & Ohio on announcement an-nouncement of S33.000.000 note issue was followed by a bear raid, but its effect on prices was unimportant, showing tno sirong leenmcai position 01 uiu mm-kot mm-kot and Its ability to resist attacks on seemingly adverse news. In tho local market Arcadian and New Baltic were well bought on reported favorable property prop-erty developments. Copper metal prices woro a shade easier, but no attempt to sell any quantity is being made by tho largo selling agencies on the declines.