Algorithm(s) for computing an elementary symmetric polynomial
There's a dynamic programming algorithm that is $O(nk)$ using a recurrence relation. If we define $S_n^k = \sigma_n^k(x_1, \dots, x_n)$, then we have $$S_n^k = S_{n-1}^k + x_n S_{n-1}^{k-1}$$ which allows one to compute $S_n^k$ by filling an $n \times k$ matrix, where (almost) every cell takes constant time to fill.
(The base case is of course $S_n^0 = 1$ for all $n$ and $S_n^k = 0$ for all $n$ and $k \neq 0$.)
You can use Newton-Girard formulae. The elementary symmetric polynomial have representation as determinants: $$ p_k(x_1,\ldots,x_n)=\sum_{i=1}^nx_i^k = x_1^k+\cdots+x_n^k \\ e_k(x_1,\ldots,x_n)=\sum_{1 \leq i_1<i_2<...<i_k\leq n}x_{i_1}x_{i_2}\cdots x_{i_k} $$ $$ e_k=\frac1{k!} \begin{vmatrix}p_1 & 1 & 0 & \cdots\\ p_2 & p_1 & 2 & 0 & \cdots \\ \vdots&& \ddots & \ddots \\ p_{k-1} & p_{k-2} & \cdots & p_1 & k-1 \\ p_k & p_{k-1} & \cdots & p_2 & p_1 \end{vmatrix} $$
You can compute $\sigma^k_n(x_1,\dots,x_n)$ in $O(n \log^2 k)$ time, using FFT-based polynomial multiplication. The details are explained here and are apparently due to Ben-Or:
https://cstheory.stackexchange.com/a/33506/5038
This is asymptotically faster than any of the other methods proposed in any of the other answers.
Moreover, you can compute all of the values $\sigma^1_n(x_1,\dots,x_n), \sigma^2_n(x_1,\dots,x_n), \dots, \sigma^n_n(x_1,\dots,x_n)$ in just $O(n \log^2 k)$ time, using the same methods.
Let us use the symbols $u_1, u_2, ....$, for the indeterminates $t, u, v, ...$ in the question. The computation will be given in terms of a new set of indeterminates, $x_1, x_2, ....$, whose connection to the original indeterminates is given by:
$x_j = \sum_{i=1}^{n} u_i^j$
We define the derivation operator $\Delta$ acting on the new set of indeterminates as follows:
$\Delta x_j = j x_{j+1}$
$\Delta ab = a \Delta b + b \Delta a$
Then the $i$-th elementary symmetric polynomial is given by:
$\sigma_n^i = \frac{1}{i!}(x_1-\Delta)^{i-1}x_1$
The evaluation is performed in terms of the new indeterminates, after the evaluation, the expressions of the new determinates in terms of the original indeterminates need to be substituted.