The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-06-19
|0ULD NOT START
|AN|C JUST NOW
4 Crops of Staples Which
Are in Sight Would
Prevent.
uSINESS OF COUNTRY
Is In GOOD SHAPE
oe Straw Which Shows How
the Wind of Prosperity
is Blowing.
Ry PRESTON C. ADAMS.


vy PRESTON C. ADAMS.
H. 4 eased Wire to The Tribune,
xEW YORK, June lS.-lt would be
- hard 10 start a panic in this coun-
t,st now. even as an ''object lesson,
SITTING there is anybody who desires
. aaninIster such a lesson, say to the
-.1n,strarion at Washington. With big
a. of staples In prospect. the railroads
Lnevhat worried as 10 the possibility
Lack OF sufficient equipment TO move
. BUSINESS In prospect TO the best ad,
[o4spe. manufacturers doing we'll all
10 fhe line wages increasing generally
"A 5uorkmen busy. il would take a good
III more Than is at all likely TO happen
make the average American pessl-
..5,c Wall street has its little flurrleS,
-Str On I'D or down and those who are
Ucht make a noise, but the business oil
r rountry IS Ia pretty good shape. Here
tust one straw which shows how the
I6d of prosperity Is blowing. During
'.y corporations In the United states rs,
"a Sfe3 az, 900 new bonds, notes ana
Xrts' an Increase OF S2o .303. 400 as COM
I-sd With the same month in 1909 Rail
Nds were responsible for no less than
Il sss zoo against $50. .437 900 last year,
Increase OF s6S,5Sl 500.
Output OF New Securities.
Ieor the five months ended May, the
1eregate output OF new corporate securi-
Il m this country has reached S933,I4l,-
U es compared with $72O, 800. .4SO In
I6. the Increase having been thus vi
N 900 or Sl56. .0S6. i20 more than In the
me five months last year; while m
EiyIal and miscellaneous companies
Ia Contributed S354, 500. an Increase
$50, ,7S4, 700
! Production Of Steel.
Then the American Iron and Steel as
<iafion gives the complete official re-
Ia OF the United States output OF all
I1ds OF steel ingots and castings, In TO-
NJ and detail. for 1909. The production
4 ali Kinds OF steel ingots and castings
4 1909 amounted TO 23,955.02 tons.
minss lIO23,247 tons in 1908. an In
I.ase of 99SlT14 tons, or over IO.S per
nd. The production In 1909 was the
jrrest in the country's history. The year
I next largest production was III l9Vo.
hen 2s,3sS.lS6 tons were made. or the
tai production in 1909. 2329S,779 tons
ere ingots and 656.242 tons were cast
aks. az compared with 1857 OF tons OF
sEots and 3i6.220 tons OF castings IN
S6S, and 22,55a,477 tons of ingots and
BlT tons OF castings In 1907 IS
1rd to talk hard times In the race OF
|Fures like these.
4 Problem for Insurance Men.
Insurance men are studying the details
ffe warehouse building loss at Mime
colIs. which cost the insurance compa-
les about 100000. The building was OF
hndard mill construction, 90x1l0 feet
|5Ven stories high and of recent construc-
0n. II was divided by standard hre
al. ranging from sixteen TO twenty
,nr inches In thickness: but the entire
hIlding was completely destroyed. al
10ugh there was fire department. sta
IN only q half block away The nre
lmped seventy -f1vefoot space 70 build :
Igs In the end and burned the roof
\ the Sixth Avenue hotel. a frame
hiding erected in 1855. Insurance men
K1rd II as interesting that frame
!plIding should suffer only partial loss
nile standard mill construction build
B was total loss.
Vessels Arriving at New York,
The arrivals OF vessels at New York
hrlng the month Just elapsed again show
substantial increase, The gain is chief
centered In the movement from for
- ports, while the coastwise traffic has
r0ut reached the maximum. nearly all
|<ssels available for that service being
use. Last month total OF 949 yes
Hk OF all nationalities arrived here. Dur
81 the month of March 900 vessels dis
parged cargoes at this port, In COM
kr1son with May, 1909, the month just
'fssed shows a decline. for during May
Irf year 1914 ships arrived but the pres
season bids fair TO equal if not over
'W, the moveu, nj OF freigh, by water
.%t year. Last month SIG vessels repre-
pied the arrivals from foreign ports.
W View OF the talk OF the utter dIsap-
farance Of American shipping. II is in
|ssting 10 note that American vessels
me foreign trade were second only tc
-oee OF Great Britain. when both sal
~ steam craft are taken. and In steam
~ alone are surpassed by British and
e1man.
\ Crops in the East.
~; r. Stevens, the Lehigh Valley rail
19s egricuituralist. says: "I'ra acticallS
le1 are setting well. Strawberries have
"a nnrt very little; in some section;
snes and cherries have been slightly
ncned, but they have not been damaged
|E'o .han 10 10 per cent Wheat, rye
~ 1iher winter crops are In first-c clas,
<'ulnon. Oats received slight setback
account of the unusual fall of rain
~, may recover fully The genera
ol INC farms has been retarded b,
Met weather. Yet this is not grea
n [rna dntage for the season opened fulll
rgc weeks earlier than usual In gen
fl the prospects are brighter than a
u"ie OF The year for many years"
Utah as an Oil State.
S.an IS destined 10 become the higl
,S on producer Of the future" il
fE p'g1ictlon made by James r. Mar
Ia, ,Irennsylvania oil expert, He add
S,dhS oil resources will compar.
LIE with the eastern field. Mr.
Eid was sent TO examine San Jua,
.iIs,nn ~ the interest OF Pennsylvania capi
lr1v ana his remarks apply particu
|yb 70 that Held, although Utah ha
l4U promising fields in Wayne. Gar
I',,,., washington. Uintah and othe
f(|c9sas without the handicap Of lon
s,a,.,, from railroad to San Juan field
h,rev unqueStionably be large pro
>ris AT thls time. A number of GOO
I'm lay, naHe been brought in which hav
: &cilI,,.p pi"gged awaiting transportatio
, NJ psn. with transportation" say
~ aSnnsylvanla expert. "thc field wi
cheap one TO operate IN. as there
rnfio, VI water for drilling, and the for
tIhe cI,,. stands perfectly when drilled
einl,sd r,ule n, Is iine and work can be con
eSery day In the year"
Anternational Trade Balances.
fstjsna, ralbert. vice president OF tn
ave Suy bank. In IL recent addres
|riree .ust'sed estimate Of the routin
XdersStu uiht are usually taken into cor
4 nv baon when studying what is technic
/Isde haInne known as our information;
= |o1 AL Ii,aiances. He estimates one bi
Hie co,u!Is as an annual charge again:
.sfIbutsd ,,ry' aside from any balance cor
Pnd ir,, oy the relation Of our export
~ this p,,G,' and summarizes 5000 900. .0t
y1nrnt h.. ohiion dollars as follows. L
(Z6o nodu uy ~. our people travelling abroa,
''t;uoO 900 annually. PAID fo nwna,
" Xf~ o'sn vessels for carrying "jn ar
Ah7Srnandiee and pnasanC.rs soOo