The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-04-23
No Boom, but Steady COnsump-
ton and Demand Create
Prosperity All Over,
ELECTRIFICATI0N OF
RAILROADS NEXT STEP
South African Gold PrOduc.
ton Breaks Record; How
EASY Marks Are Listed.
BY PRESTON G. ADAMS,
~ Teacrd Wire m The Tribune

BY PRESTON G. ADAMS.
BY Leased Wire TO The Tribune.
NEW YORK April 22,-It may be
thought ! dwell too much on the generally
prosperous condition of the country IN
these letters But il is n pretty big qucs-
ton which interests us all. and then
prosperity is right good thing TO think
about, So III risk another paragraph or
OH conditions.
with his eyes omen through the west aud
south comes back with the same story
of sound business conditions: nothing In
the way Of boom. he II understood. but
q good steady consumption demand. peo-
pie with money enough Ia buy what they
need and paw for It. brigh, crop outlook
and altogether a pleasant story To hear
President Frank \. Nanderlip OF The
National City bank for instance. after
trip covering nearly every state IN 'hc
south and west, comes home II pronounced
optimist.
President 3. r Yoalsum of the Frisco
lines tells the same tale, and go IL goes
right down the line.
The only discordant note comes from
the purliens of Wall street The common
people are either too busy. too wise. or
both, to 20 in for gambling, so the stock
and cotton brokers arc compelled TO play
among themselves. and everybody knows
there Is no money in any game where
the PLAYERS are all professionals. The
lamb is especially essential for pleasant
and profitable gamble in stock. cotton
or grain.
Taking it by and large. it is doubtful
if the country as a whole ever was much
better off than II is now.
Railroad Improvements.
One OF the interesting developments in
American transportation is the slow but
steady electI'flcation of the steam rail-
roads. All the big systems which enter
New York are now using electricity so FAR
as their terminal divisions are concerned:
and arc gradually extending the zone Oh
elecJrjCally-rnn trains.
"Thc electriication of steam roads is
yet somewhat in the experimental stage.
a New Haven official is quoted saying,
but within a year you Will see the New
Haven electrically equipped as far, as
New Haven and possibly work started on
the Boston end Our engineers are now
working on the question OF the transpor-
tation of freight by electricity. with very
good results.
showing any substantial reduction In op..
Grating costs between New York and
Stamford by use of electricity as com
pared with steam. the general results to
date have more than justified the expen-
diture ! think there will be wonder
full progress made in the application OF
next few years. and thfs will show some
rapid changes in the conduct OF the rail-
road business OF the country
Lists Of EASY Marks
When the federal authorities raid qaes-
tionable concerns engaged in the selling
quently find lists containing thousands
upon thousands of names and addresses
Surprise Is sometimes expressed that such
collections OF possible dupes could have
been gathered.
Those familiar with the workings OF the
financial districts know fairly wei how
these lists come into. being. There are
men who make a regular business OF sup
plying these sucker" lists at SO much
per thousand. The names arc collected in
devious ways.
ttl,n 3rl, 20
any of the glaring advertisements OF pro-
moters are forever after registered as
possible easy marks and continue 10 re-
ccive the most amazing offers from swind-
lers. One OF the best lists in existence
has been enriched by names supplied by
paper which makes speciality Of CIV
are vended. it is said at 10 cents each,
and the seller derives a nice little In
come therefrom, When one concern is
forced out OF business there is usually
keen competition for its mall list Thus
course Of time compile lists as long as
their customers are short of sense.
Gold Production Heavy.
In five years sl.620. 100000 bonds
notes and equipment obligations have
matured In this country, OF this huge
total short term notes have contributed
fully half-SS70, 900, 900 TO be exact, Bonds
der $3.50, 10000. A feature OF the 1909
1910 financing was the extensive INSTALL
ments that had TO be paid on stock is
sues, whereas scarcely one company is
now receiving funds under such scheme
The absorption OF new stock issues has
been SO Indifferent that borrowers have
either contrived TO place bonds or have
resorted TO short term notes AS COM
pared with former years. 1911 and 1912
bring few maturing obligations.
The production of gold In South Africa
last month broke all records. The yield
OF 6I6,065 ounces is comfortably above
the previous high figure, 660,643. re-
corded In December. 1905. when the total
was swelled by the customary cleaning
up at the end OF the year
In January 81 this year the yield
record for. that month. while February
also contributed the largest total (6l0-
S2S ounces) for that short month, For
the frst quarter Of 1911, therefore the
production has totaled 1879 ounces,
against l.ISl1o9 In 1910. 1.7s7 .S3l in 1908
and t1.6I7,160 in 1908. II this rate be
maintained tho grand total for 1911 will
months The value may on this occasion
approach S1Io,000,00 The whole on the
Rand's output is regularly consigned TO
London by the weekly mall steamer from,
Cape Town and is offered each Monday in
the open market: from whence IL goes
to reinforce the bank reserves OF Eng
land or France, or Germany or the
United States. or other countries
Diarrhoea should be cured without
loss of time and by medicine which,
like Chamberlain 's Collie, Cholera and
Diarrhoea Remedy, not only cures
promptly but produces no unplea SAINT