The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-02-26
COST Of LIVING
IS ON THE NANE
Computations by Bradstreets
Indicate Decrease of Five
Per Cent in Year.
VALUE OF BIG STOCKS
SHOWS HEAVY GROWTH
Never Was There Better Out
look" Declares Chicago
Financier.
BY PRESTON G. ADAMS.
.cascd Wirc ln Tho Trlhunn

BY PRESTON G. ADAMS.
BY Leased Wire TO The Tribune
NEW YORK. Feb. 25.-The financial
world Is watching with n good deal of
interest the plans of some OF the big rail-
road interests for the issuance or mil
hons of dollars OF short time notes. which
must he replaced later by bond issues
Announcement has Just been made OF
such an issue amounting to $50 600 900
by the New York Central. and an addi-
1ona' $lO.ooo,ooo by the Baltimore &
The issuance Of these notes is taken as
a pretty clear indication that the absorb
ing power of the bond market IS still
limited. II is hardly probable that these
roads would offer notes running for two
or three years ii long time bonds could
| terms.
To those who have been caught by the
increased cost of the necessities of life
! land who has not?) the announcement
that the prices Of commodities as meas
ured by 'Bradstrcets index number arc
receding is a matter for congra tula ton.
| IL Is particularly noteworthy that this
decrease: amounting 10 nearly % per
cent during the year, has been caused by
butter cheese, eggs and flour showing
relatively the greatest drops
While prices OF rood animals also
| slumped during the period January TO
February /. "A contrary movement. or an
upward tendency. was displayed in con-
nection with beef. hog and mutton car
| casses. Perhaps the PACKERS could tegI
why, II they would.
Companies Worth More Now.
Sixty railroad and industrial stocks on
| the New York stock exchange have ap-
preciated In total market value since De-
cemner b. according to statistics com
| piled by the journal of Commerce and
Commercial Bulletin. no less than s5TS.-
615,953. or an average Of $9.64i 600 for
each company. The advance averaged
The railroads have Improved more than
| The industrials. Thirty railroad issues
have increased in quoted value $36s.ll6.
| SO5. an average Of $l2.2O3 S93
The quotation for the railroad stocks is
! the highest that 1T has been AT any time
since The latter part of May last. while
the industrials are up TO thcir high level
maximum attained last June.
Never Knew Better Outlook.
Ex-Judge Charles Il. Fishback OF Chi
caGo, Who is partner in one OF the big
gest bond houses in the west, was In
New York recently. Judge FIshback is
chairman OF committee of 10 of Chi
cago's prominent citizens which is boom
Ing ne National Irrigation congress, that
VIII hold lis nineteenth session OH tho
shore OF Lake Michigan next December
Financial conditions I'm the west are
on the mend" said Judge Flshback "Ev-
erybody recognizes that since January !
there has been an upward trend Nv
firm is Interested I'm bonds on the NAT |
nral resources OF the country md [ can
say that the market has improved, and
Is SIN improving. TO the qualification OF |
all our people. ] have never known a !
better outlook than there is today.
some OF the railroads have had an
ldea that freight rates ought TO be raised |
nut The annual reports of the Hill sys- |
tenl. the Hartman group, and the Santa !
fe show their earning power is ncreas-
ing. and that with general conditions. as !
between the railroads and the people are !
very much better In every way
Bankers in Directorates,
There are directors and directors A |
mans technical knowledge NAV render
him n valuable acquisition to a board !
Another may be selected merely because |
he owns large block of stock A third |
may be well yersed IN finance. But in |
these days OF expansion the director most
In demand Is the who can bring TO
the company an unlimited supply OF cap |
ltal In other words. the desire now is I
to seek affiliations with The strongest
banking groups. A member. say. OF j.
+. Morgan Co. may know nothing
about running d railroad. manufacturing
steel making agricultural implements. /
building automobiles or manufacturing
textiles. set he would he regarded AS cX-
tremcly desirable because OF bis influence
in floating. needed loans. The same re
mark applies 10 members of Kuhn. Loeb
Il Co, Spcycr e Co, and other interna-
tlonal banking houses. as well to the
heads OF rich banks and trust com
dircctorales during The last five years
would bring out very strongly the ten
dency To select influential bankers. After
all, IL Is money that makes the mare go.
New Era in South.
81 understand that i. T.. Morgan has
IN view some biz plans FOR The railroads 4
OF the south, especially the Southern Il
railroad" writes one wcll-informcd com II
mcnlator 1.-THE southern states are in /
a new era. For years cheap cotton has /
Kept them poor New economic condi- Il
tions have made planters rich. The value i
OF cotton exports IN 1910 as recently II
told bv this government. reached the an II
precedcntcd total OF so%o.Opo0Oo, one Of 4
the abIest experts IN the country tolls
crease In these figures In III" current Il
calendar year to over 6pO.OOO, 900 The
cotton crop. Of 200 l9lo; anO oo with oy-produets
"rhesc figures speak for themselves
Nowhere has there ever hccn made such
n record Of expanding wealth IN the same
length OF time as stands 10 The credit
OF the cotton states during inc past dec
ado"
Cotton Market Keeps Firm.
II looks very much as If The american
mills viii have to do a good deal OF buy
ing during the rost of the season; even
II business is not particularly good; Ac-
cordiug To the census bureau. the Amer
lean mills had in stock at the first OF
January I'D $50 bales less than at tho
same time last year. II Is hardly prob
able that there viii be enough clwtah.
n,4 SEQ bales The American mills have
been buying from hand To mouth for
some time; and this means that thcv will
of the season, II looks very much as If
the demand will eat up the large visible
very clcauy before the end of the sea
son. unless the crop is considerably more
than 1000 600 balcs.
Sc, Louis Wool,
BY Associated Press.