Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1907-04-06
COMMERCIAL
ceastins Vessels to Compete.

Ceastins Vessels to Compete. ~..,-.
The effort made by Charles w. Morse
to obtain a practical monopoly of the
coastwise shipping lines seems to have
met with failure, and although he Is
said to be at present master Of eighty
one ocean going steamships there .is.
another powerful combination still In.
the business, consisting of the New
York, New Haven and Hartford Rail-
road company and the Merchants and
Miners Transportation company Of
Baltimore, which together control the
Boston and Philadelphia Steamship
company These interests, it is under
stood, while working under separate
arrangements, will act in entire har-
mony and thus constitute a powerful
competitor of the Morse combination.
There is, however, no immediate pros
pect of modification of existing traffic
schedules.
German Control Of Adriatie. ..S
The North German Lloyd and Ham,
burg American Steamship companies,
acting together with the members of
the shipping trust, have established
new steamship line between Fiume
and New York to render a fortnightly
service. The new company has made
ment to undertake the emigration traf-
fic to America which hitherto has gone
to the Cunard company, notwithstand-
ing that the latter company still holds
an agreement with Hungary good for
seven years. At the same time the
North German Lloyd people have COM
bined with the Hungarian Levant line,
the latter being organized with So, $780,
GOO capital. These two agreements will
give German merchants control Of the
A0oarlatuic. af. sE ;7affsst
Uncle Sam Ends the Panic. L.
After another crash in, the prices Of
speculative railroad and Industrial
stocks, In which some securities fell to
a lower point than they, had reached I'm
the panic. Of March IL, relief came In
the shape OF Secretary Cortelyou's mo-
tee that he had made q deposit OF
$15, O0O, 600 cash in New York banks on
behalf OF the United States govern
ment. Instantly confidence was re-
stored, capital came from it's various
hiding places, prices of stocks bounded
upward and the panic appeared to be
at an end. The hopeful outlook was
still further intensified by the an
nouncement that the government had
arranged to advance the total Of its de-
posits in New York banks to $5O,OOO,.
600 by the end of the week
National Wealth Summed Up.
The census bureau in a special re.
port estimates the total wealth of the
United States now at $1O7, 1914, 19241O.
This figure really stands for the year
1904 and shows that the national
wealth had increased $1S,5OO, 600 600
since 1900 The greatest single item
Of wealth is that of railroads and
their equipment, which is placed at
I'll, pa, 1920 p.
Big Telephone Earnings.
The annual report Of the American
Telephone and Telegraph company
shows total earnings OF .$24, 526 O97. an
Of nearly $4,000, 600 over those
Of the preceding year. The net earn
ings were $12, 97O. 9S7, which means an
earning ofs8.17 per cent on the 8l5S,-
6e1, 800 OF capital stock. The met OUT
put OF telephones in the year was'
1,4O9,578. making a total OF q, 1O7 ,sS6t
In the hands Of operating companies.t
The total number of calls shows aboutt
six for each man. woman and child INF
the United States. The maintenanceA
and reconstruction Of all the Bell linsst
cost nearly $50, 600 ,Oo0.. President Fishk
says that the recent Improvement fng
cables makes it possible to place I'M
underground conduits cables containE
Ing 400 or even 600 circuits, while. al
pole line can carry 900 pairs OF wiresH
10 the form Of cables as comparedI
with the cid fashioned pole, which,
rarely exceeded twenty pairs. a