The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-01-22
[WO BILLIONS
/ To FEED CITY
|yerage of $500 a Person
Spent on Edibles in Nations
"a Metropolis Yearly.
.iINETY-NINE PER CENT
\ is GOVERNMENT PURE
ears Review Shows Huge Ag
gregate Depreciation in
Values of Stocks.
BY PRESTON C. ADAMS.
eased Wire to The Tribune.

BY PRESTON G. ADAMS.
NJ Leased Wire to The Tribune,
NEW YORK. Jan 21.-lt takes. in
o,,nd numbers. 81 500, 900, 900 to feed New
'ork. This seems a pretty big figure,
.eaning an average OF well over $500
5r each man, woman and child in the
ity. but the figures bear out the state
lent The consumption includes, among
khcr things, $500. 600 worth of meat,
5000. 600 quarts OF milk, 350.0Oo oushels
4 oysters. 20O. 100000 pounds of fish and
10 000, 600 worth OF bread, pies ana CAKE
D say nothing OF an endless variety or
anned goods, eggs, butter. cheese, poGl-
II. game, confectionery. etc.
IA Is "A mans Job to feed the city and
great many OF the men, not only OF
his country. but OF the world. are en-
aged in the task. This city draws It's
bod supply from all over the world. and
Ik return sends its own products into
rery country. The imports and exports
assing In and out of New York haroor
eprcsent millions OF dollars annually
While New York is to certain degree
emoyed from the more extensive food
roducing ccnters OF the country, It's geo
1aphical location is such that II has be-
ome the food market place OF TINS and
iher countries. improved methods oil
1rking. elaborate and economical reirlg-
fating systems. transportation facilities
FINISHED by a dozen railroads ana many
Lenmshlp lines. ample capital and mod :
IA business methods have all combined
b bring the food producing sections OF
hc country right next door.
Food Supply Center.
|The old saying that what you cannot
hid In New York City you don't need,
particularly applicable to the food
uestion. Manufacturers OF food prod
cts and dealers in every country OF the
rorld find in New York CITY distribut :
1g ceuter. Hundreds of wholesalers and
3bbers. employing thousands OF persons.
fe always busy receiving and sending
NJ almost endless varieties OF canned
nd raw food products.
Remarkable features Of the entire food
rDduct Industry are that 80 per cent
IL is pure-that Is TO say. government
urc. and that the food product dealers
earthly cooperate with government and
fate inspectors In an effort 10 keep the
bod supply at tne top notch of purity.
New York stock exchange seats are not
et worth Sl00, 900 each. notwithstand-
1g that In 1903 the price went 10 500, 900.
tfigure never before obtained Before
ership was $4,000. in 1905 and 1906.
|lnce the latter year the volume Of specu-
ttion has fallen off and seats are now
1ortli only about $4,000. The price OF
rice of stocks. Last year the range was
rom $4,000 to sol 200. In 1909 the mini
aum was ST. 900 In 1908 the low figure.
J2 600. was 10000 below the high, while
p 1907 there was a slump from $4,000
D s5l,500
How Stocks Have Slumped.
The value of 1870 railroad and industrial
tosks during the past year decreased
4 .356, 203.o .oo0. or 1885 per cent. In a cir
rlar j. +. Howell. who compiled these
tatiStics, says:
,'Evidcnce OF The stock market hqulda-
}on IN 1910 IS found in computations
'ased on the closing prices OF December
p. 1910. as compared with the closing
|rices Of December 81 1909. This fur
1shes The most comprehensive record of
tcck market opera tons for 1910 made by
|ny New York brokerage house.
t"Nin"tV-fivc railroad stocks showed an
gs@Gate depreciation in values amount
pS To SS1l $4,000. representing - 81 per
'eDt Of the total par value OF the stocks
epresented. Nlnety-fve industrial
LOCKS show total depreciation of SdS4
Or 1879 per cent of their aggre
|ate values tpar). In the calendar year
9o9 the same 100 stocks recorded an
|dvance In market valuation of $685.
lS.OOo' or IL per cent OF their total PAL
'alpe OF this ninety five rails advanced
PEE 600. or 1908 per cent. and ninety
'se industrials. advanced $i5l :633 900, OF
z.T per cent.
Trust Baron's Term,
. One Of the interesting developments ot
nc unexpected resignation Of w l.
(crey from the presidency OF the United
5tates steel corporation was the ques-
Jon raised as 10 how long positions o
uch responsibility are held, In the case
DIR. Corey. his election occurred or
Angust :. 1903.
MIR. Scnwab was president Of the Stee
'grporatlon little over two years. anc
~, Corey held the position six and (
.John D. Rockefeller has been presiden
~ Standard oil since the company wal
4corporated. in 1852. but for the pas
'Iteen years the active management o
nc con1pany's affairs has been in tn,
'nnds of It's vice presidents
.Jamcs Il. Duke has been president o
pe American Tobacco company sine,
luke Bros. was merged into the tobac
% trust. IN 1890.
wv. 3. Thomas was elected presiden
2t the. American Sugar Refining com
2nny in 1908, on The death Of II. O
Hhvemeyer. the only other president III,
american Sugar company ever had
Ior seventeen years.
AW1lganated Copper company has hat
pnfy TWO presidents In IT'S eleven years
ns.or!. II: II. Rogers and y u. Thayer
. .i)anieI Guegcnhcjm has been rrcsidcn
q The American Smelling and Rafnin,
{oinpany since the birth OF the corpora
Ion In 1899.
. Theodorc y. Vail left the service Of In
+h''''Sobl lelspnonc ana IcleSraDn com
fanF in 1895. and retired TO Vernon
Iarfn. bu, In l9oT he was persuaded T.
Lsalii take active charge Of the com
pany's affairs
Lt- A. Coffin has been president of th
GENERAL Electric company for eichteel
ftsrs. or since the company was formed.
Seorge Westinghouse WAS president @
iee company which bears his name from
fet. until few months ago.
..tyrus n. Mccormick has been the pres
2tnt OF the International Harvester sine
~ <i.at company was formed in 1902. n
Ebnge occurred in the presidency of th
[plted states Rubber company sine
7anuel F. Colt was elected in 1901.
9 gnly a tew years ago Robert G. Clowr
[Esiened from the presidency Of the West
~ Union At the age OF 70. after havin
Icy With the company since 1865.
-pt the thirteen above named com
4Snes. Tour have separate chairman @
Xns ooard; United States Steel ConsoIi
'r-9 'sa Gas, Westinghouse and Information
~. harvester, The president Of each O
ar other nine companies acts as chair
''an OF the board
Changes in Gould Lines.
ndsue rumors are a1oat that ncgotia
<2na <29aa are under way which. II carried I
tl,ioh, VIII result In radical readJust
t"t IN Inc control of the Gould railroads