The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-11-10
THE RESULT COMMERCIALLY,

IL is interesting TO note that the
business interests Of the country arc
taking tho election of Governor VII.
son quietly. 4 dispatch from PhiIa-
delphia in yesterday morning S Trib.
unc wss significant. II appears that
presidents OF railroad companies op-
Grating more than $4,000 miles Of line
and having four billions of dolsrs Of
securities outstanding. these 6nauciers
controlling directly not less than $780,
0Q0, 900 of reserve, together with other
men OF large finance. assembled in
Philadelphia on Thursday evening and
took an optimistic view Of the situa-
tion. II Is no wonder that great im
portancc was attached TO this gather
ing of men charged with the manage.
meut OF huge properties and with the
responsible control Of great interests.
Naturally, the purpose Of the meet.
my Is understood TO bave been TO briug
together these great managers OF trans
portation and finance for an inter.
change Of views on the general busi-
ness situation Of the country, as this
is affected BY the election of Governor
Wilson to be President. 1t must be
encouraging 10 the country TO learn
that the opinion Of these men was that
hold the country 10 a conservative
course, and that the Democratic Con.
greSs when il meets will be prevailed
upon 10 attack the problems presented
in way not TO disturb business yio-
leutlv or unnecessarily The question
of railroad credit and expansion WAS
referred to, and the possibility Of get
ting leave from the Interstate Com.
merce Commission to increase rates was
also broached by some Of the railroad
officials, as desirable.
This optimistic, view al the meeting
Of these great transportation and tinan'
cial men in Philadelphia appears to re-
feet the sentiments OF the people
the country, generally.
There has been no indication of weak
ness in the business situation, and even
in tho special business of marketing
wool there doesn Z seem to be any
timidity, which is nll the more reassur-
ing from the fact that wool is one OF
the first commodities 20 be attacked
usually by the Democratic Congress
when it has the chance. The present
House during the extra session was
extremely vigorous trying to remodel
Il,
appears from the Boston wool market
lispatch. az carried in the Commercial
Bulletin of that city, though Demo,
,ratic Congress has been elected, as
vas expected, the price Of wool has
'emained firm, Gas was also expect
do And the explanation given is
hat "the tendency OF prices, indeed,
8 higher and in one or two instances
light advances have been made. No
me In the trade today exhibits any |
igns of weakness, because supplies are
90 short to cause worry but it is
.dded that were the supplies Of raw
nd manufactured material as plentiful
n the market as they were in 1892, a |
ecided slump would unquestionably
ave resulted from the election Fur
her, the Boston dispatch very well
avs: "All the world 3 markets are
rm and tending upward. No sales
# any moment at least, arc reported
u the market, and the mills generally
re rushed 10 the limit
All of which is vastly encouraging
o the general public, and it shows that
yhile the Democratic platform declared
(upon wool or anything clse)
o be unconstitutional. there is an OPP |
imistic feeling In business circles ev~
rywhere 10 the effect that the Demo.
rats did not mean it, and that they |
viii be guided by the more moderate
Of President Wilson, and
will not radically and suddenly force
hanges that will disturb business and
commercial conditions.