The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-18
AD5E ECONOMY
||S WATCHW0RD
hi Street Is Preparing for a
|p,,iod of Retrenchment and
Enrichment.
|NTyTE EXPANSION HAS
IA. REACHED ITS CLIMAX
I li,,tion Results From Prosper
A Following Recovery From
III 1907 Generalization.
,v pprsToN G. ADAMS.
- u,,ra 70 The Tribune.

yy PRESTON G. ADAMS.
,..ssd Wire to The Tribune
m YORK. Dec, lied BIZ th'
y states government. It is the belle
r,n street that the country is about
,.r IN an ere OF enrichment and
rray.
I.,-,Inr 10 the wise men OF the street
/ ,ora.ds and great industrial corpor-
,r, IN take the lead in the cam
q 4, economy. Methods arc TO be
wa. purchases OF supplies are to be
Il,.ss and the working forces are TO
r4Tcsd.
xss stated that the United States
,orco,ailon was 10 lay Off 10000 to
a -ea. but this was promptly denied
/r,lrmsn Ebert II. Gary. who em-
/<sIly declared ne saw no reason
sref 10 anticipate any further reduc-
4 4 The working forces o, the steel
4 declared that the railroads have
,ab been unable of late 20 raise
"a for extensions. but they claim
,br Immediate future holds no in
mi 70 incur avoidahie expenditures.
1rreh as trade is slackening and the
&h authorities are showing no dispo-
q 10 Fc-csiablish confidence and
l;ls prosperity. December and
ry. il Is declared, will bring an
Ea1snt otter announcement that
) lave b=en thrown out of employ
inst by the railroads and later by
J nultifariouS concerns dependent for
sss mgloly upon transportation COM
Hstrenchment Is Slogan.
|l1pilns the authoritative statement
istrelchmeni Is 10 De the slogan OF
railroads during ensuing months 40
Eais research is necessary TO discov-
| .. rsasons therefor; II is sufficient TO
- sl The statements of earnings for
~ now being published. Briefly,
ra2rsahle expansion in gross reve-
shSch has been enjoyed since the
Pc from the 1907 decentralization
iVpaently reached It's apex, while
np7nse Of conducting opera tions has
pc inordlnately, so ina, the net
a arr extremely unsatisfactory. A
abl. Will best convey clear idea
Z Posiilon the railroads have drifted.
{4n forced. into.
|tlssei insiaua,lng that railroad man
gre resorting 10 dubious steps 10
ale the plight In which they now
t.ulsives. II may be we'll 10 reflect.
zaLf IN considering the stock mar
sS'look. that, inasmUch As the inter-
Hhmtree commission is SIN de-
tulg upon the edvisa bility OF grant
l''anceS In freight charges. the rail-
lsy no, strive to carry out their
IL o Ntrsncamcnt In kid-glove fash
sG may apply the pruning knife
Banking interests identified
- principal transportation systems
LLpo-slzing the urgent necessity for
Hu,s eondholdsrs and stockholders
.segusfd against a destruction OF
- olheT words, the old policy Of
cNldsncs Will he avoided
-, possible and economies effected
Stopping sll new buildings and
A Philippine Sugar.
~ s.sat years The production Of
IA , t ihIlPpines has ranged from
~ ;SsSo -Vn.pOO tons. Approx
p' tons Of this is consumed in
X n r. Inlae taxes about two
IA VIC total exports, part OF Il
4 Eo. tnlmoer OF refineries located
s. No., ahc the other half TO
y ~. Tffs =. Wrere II Is used IN the raw
~. nI'ed states generally takes
4 '''" ohe-sixteenth 10 one
I'M. ,ae sugar industry was al its
tni,i,s Wee nearly 300 900 acres
stout ie.Gn; i.n on but Al the present time
q Z ,nv.Vp' acres are worked. Beet
=. INN f'Isu t ont By the mills In q
-tsd IL Dgt most OF the cane sugar
~, " tue heavy molasses
Tanoer Of stockholders in Ams,,-
nv months. This staieme9, is
r-ph official returns mst cnIinI.,cS
10 shovp :. compiled for publication.
,rs had zoe 90 december that 1i0 cor
sirosds '.olsS' stockholders. Fifty
had ~ "i'h capital OF $s.l57.-
s. whn. ,ansir lists 2ss,lSo stock
"a 1 % industrial enterprfsns
b: ;..ssp'tal OF s3,i,3. O06 Oo6 re-
|N A, This wears returns h,,o
al ,otale6 and anaIvzed b,,t =,
,sn that there has b.nn @ pu' ~
e.. roth classes of etoci,bai an III
Is WIS JYes not harmonic wiih ,ha
hh,'i street View thai dur,n.r ,oio
d kSss ended 10 find an Iess, go
md IN what is called "a fn.,
ean NJ. ls !, that the purota.i,,g
ef.3 ',1css ,S OF stock bv irrms,nrss i,,,s
throughout the counrry Las
l,dlrnPr scale than the rbaractIr
b kas.@ on the New York s,nciI a.,
H s,s issued by railroad i
sts.. "tner incorpora In ,ha
"a. ~ olaled Sill. .O3o nO0 durin,
sSr. lsnsn Increase of S3T. SCI 600 6va1
ccs,.,s.s. 0f the total ~ 80
~ Ca eS55"u,Sd s5s az. .ooo an ,ncrnaeo s
:,ts ,.,ll "hlle the output h,, n,%er
\ 70 lee sa,hed ,d S52 2S5 900, an oynsnI
Il - Than s35. s55. OoG q " eN'ah-
b.. lsslish as Cotton Trade.
aae; the no Swine right to tho cot
lhat Fn.,p,ession has been SO
IA thar Z, M splnners believed
make ,si. W. Macara felt r,IIcd
N Tho 's I,', announcement al tbs
a. l1ndn.Nrnn tionsl cotton com
hlk a, me other dav Most
he ro.,uhs meeting was NJ az
,ahd.p'to we :, EnsIIai insnb@rs nt@I o, me ens
., ,V,HHi,ea ,H siaStgSsias States N GU, Iho , opinion
at cotton producer for
.ss'innar,.,,h .ss'inr the fact that England -
ga ass, rrss, Mr.. Macarn" " ss3s sps t5s, Io,
suTe dt posit,odne deal was heard about bout
"A, today and ,hiriv.fiGye ,hif,sqG IN 1as,.s the
ry-svs..k s.kS -, to poin, out, h. s.,s
sorld Years ago the , co,tnr, ne said:
mi nou was only abou, '';on : ooC Sr9p o6o
,saourh, H. was iinpossible NJ; NJ
sSs rss With that h''Ga trerodndoo OF 1000. 900
~ rcos.s snsisriaI aud rs'"nnS the Ge eaan6 IN
~, ,Ss,o,stion e. OPT Of IN. the h.e. rapIdiy in n
is,ipo England rad T%',f NO G,yi,i nnd then then
' right TO he tRe t9in sold yrnn,G,. Aasr-