The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-04-16

gun guirSInem.s IN en- 'al slho onn n, Mated from
the borrowings of the SoutiG,nrioa ro %
publcs 1t will be seen tbnre 10 q
worldwide demand Tor inoA desnito fbn
increase In circulation. act whinh
comes In decidedly inoppTe for tho
plans OF railroads and indNaj cornora-
tions to finance their cxte& now con-
struction and improvemenf
Many New Ban
A well-informed railroad u,bo re-
Gently made a general trHhroueh the
South, says that he was sTeed 70 500
the large increase In the rScr of now
banks. He says that In otJes wbcre
n few years ago there WenhIv two or
three banks. thirty or fortyE he found
now, all apparently Drosp& He rc-
lates. also. the incident q9 Southern
business man who recently nc r. New
York to borrow 81, 600. 0D In oq<ction with
his business. but, as he toueatcs high
decided not to negotiate Moan here
He returned to the South \ borrowed
the money at IG"eI lh'c q South
ern bank, which appareH had an
abundance of funds. The road man
says that this is only onNcIdent Of
many that might be relatedl show the
strong position of the SCUM banks
which up TO only a few y9apo were
IN a corrcspondingly weak paon. What
is true of the Southern bag he snyS
Is equally true OF the banks khe small,
er towns In the west, SuSest and
NorthweSts IN !act, thF%out the
United States, so far as he nbeen able
to observe.
Railroad Earnings Ite.
Another wcll-informcd raild official
says that the earnings FOR 4nilroads
as whole, In this country 0nue sur
prislngly large. He thoughhat inas-
much as normal weather coHons pre-
vailed in March a year agold as the
traffic during that month on hy OF tho
roads was abnormally heavily small
increases would be shown fSiarch OF
this year In compar son Whine same
month year ago, On the hrnry, he
snys, so far as he can see l not as
we'll as the gross, for March vbc much
larger than Tor laSt year aIlhat, fur
thermore. tho railrcaoS "icontinue
throughout the present year, pile up
large increases over iast rs large
gains In comparison with l@Ot
Changes In Dtrectors.
Among recent minor develoIhts have
been some significant changes railroad
directoratcs, indicating reaanent of
the large hnanclal interests Aly sug-
gestiye of general harmony Thus 1t
was announced that E H, Elman no
longer heads the finance comUlc of the
Illinois Central. his place beiRllcd by
an adherent Of Stuysesant This
man and Fish and points tq strong
contest for the control OF Illinois
Central at the next annuaneetins
when the Union Pacific magma hopes 10
securely place the Illinois Gem in the
list OF systems bearing his bd. The
retirement OF members of kuNd,oeb {.
Co. and Spcycr G. Co. from thbuthcrn
Pacific Is worthy OF note. Ugh the
resignation OF Sch.n and kuhalls for
no lengthy comment. The inttetation
., 4 II
cr interests from the HnrrimSounclls
Is more interesting. II being cuAtly In
ferrcd that the relations arc letriendly
than formerly. AS In the csof the
Goulds, however, the Speyers spromi-
ncnt in competing systems. hence
man interests The much-talkaf com
munlty of interest scheme ahg the
railroads appears to have ba pretty
well Knocked In the head.
Seeking Low-Priced ShaL
What is likely to happen in harket
whose technical conditions are lorablc
TO n rise in prices and where eks of
all varieties are held by power hands
Is n gradual transition of specuke en-
crgy to low-grade shares. whcrce gem
eral public can operate In lnrgerSmbers
and With more safety than in hpriced
stocks. There Is no doubt thdmany
gilt-edgod securities arc Quotcnot n
point above the prices corrdnding
With their Intrinsic values, but pub
lie Will not accept them In thSocess
OF distribution for investment u mon
etary conditions approximate nor
NAL AS both high money and coal
troubles apparently are temp9y in
character. there Is nc reason forb dis
NAL forecasts that are heard lsomc
places regarding the countrys Illness
and the course OF stock market ucs
Kodak Finishing.
Salt Lake Photo Supply Co, NJ and
srd So, The best or your money Tx