The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-04
"%$ "%$u All Financial and Industrial News of the Day $

thirteen failed to retain an increase in
ed hSi p5 But aaS the a reaehed
S.37l $50. Only one road kept It's eN-
penses below those OF last year, The
tremely satisfactory from the railroad
point OF view. In face Of the state OF
trade, however, the question forces Itself
to the front: Has this expansion been
wholly due TO an enlargement in the VOL
ume OF traffic, or have freight rates been
quietly raised by reclassilication or other
devices known 10 railroad managers?
a surplus reserve OF between $50 600 900
and s6o.ooo,oo0. the advance In foreign
exchange to the leevl of 1864 for sight
IN banking circles but the rise in rates
OF almost II cent during the current
month has been witnessed without the
slightest perturbation. The monetary out
look both here and In Europe has seldom
been more satisfactory than It is to-
day London Is making up It's discount
caution to take at this time. in face Of
the coming demands for gold and the de-
STABILITY OF attracting French balances
Our own money market Is still being
handled very cautiously. yet this is not
reErettapie-an ounce Of prevention is
better than pound OF cure.
Cotton Standards.
The department of agriculture has not
neard from the New York cotton ex-
change on the subject OF cotton standards
Tor the reason that the members have
been too busy of late to give any at
1ention teion to matters outside OF the market
change. who expressed the 81 belief belief that t
eventually the government standards
y, %oulS ID be e., adopted here. The members
exchange, said President Marsh. have
been working days, nights and Sundays
and holidays for the last $50 days. and
tnelr me, work has been very heavy. 1t is
felt that the introduction OF the new
standards at this time would complicato
things and would make the work still
harder for the committee. He explained
ed with the federal authorities in the
selecton OF the cotton standards. and
that as a whole It's members were ia
vorably disposed towards the new stand
ards.
Reason for High Cost Living.
Making those who pay their bills
promptly settle the accounts Of the dead
beats" is the main cause OF the high
cost OF living: according TO the president
of the New York Wholesale Grocers' as
sociation. "One OF the greatest perils
creeping over our business and every
other line of trade is the indiscrimlnate
not only. endanger the success OF your
own business. but the success and well
fare of those to whom you loosely extend
credit BY such methods you practically
invite extravaganza, or you induce per-
sons TO whom you give reckless credit
to live beyond their income. You and
the wholesale grocer, the manufactures.
or the producer from whom you pur-
chase your supplies, must bear the bur
den. Certain II Is that the profit the
distributor gets for his work is no more.
and in addition to this, 1t Is equally true
that his expense in marketing those
goods is materially higher"
Fever for Autos.
An Iowa merchant in discussing the
| talk about the farmers extravaganza IN
buying automobiles has this to say: The
| fever to possess autos applies to the
farmer. but he is buying 1t for the young
man and young daughter at home. to
keep them there, and It is going to help
movement to check the farmer boy from
| leaving the farm and 1t is the best
movement that can be inaugurated to-
| day. OF course, we know of cases where
| the choice was made between an auto
and house improvement, and whore
the auto got the call The building pro-
| ject merely waits for the time being:
| and do not feel that the country suf-
| between an automobile and the necessi-
| ties. In other words, | do not think
that there are multiplied cases OF per
sons buying autos who can III AFFORD
them at least not in our section Of the
country"
AS to Freight Rates.
"The new freight rates that have been
| fixed by the railroads will affect the
| lumber business on account of the con-
ditions that probably do not exist In any
other industry" says. George McBlair
OF New York. Vice president of the Bum-
bermen's bureau, which has headquar-
ters IN Washington. eff these rates are
upheld" said Mr.. McBlalr, the price OF
lumber from the south is bound TO rise,
or companies Will find 1t Improbable to
continue in business. Here is the situa-
ton; Much of the lumber from the
ings. owned by large companies. Some
of the tracts contain thousands and
thousands of acres l have just returned
from a long trip through Arkansas, Tex
as. Louisiana, Georgia and Alabama
and have gained my information OF the
these big holdings n company will run
q private railroad into the heart OF the
forest from a point on some established
line. These private roads sometimes are
fifty miles long, although most OF them
are about half that length. They are
nish in many instances the only means
Of communication between the backwoods
and the outer world They do a regular
railroad business. in addition to theli
principal function of bringing logs dowr
TO the main line To these roads-and
Of them in the south and southwest-haS
been allotted a certain percentage o.
freight rates from the big railroads. The
point OF shipment has been fixed at tho
backwoods terminus of the line. Foi
example one of these lumber roads lr
Arkansas would pay, IA cents hundred
weight on lumber shipped to St Louis
Two cents on this would go to the com
| panys own road as part Of the line
over which the haul was made"
Clearing House Statement.