Show I L o THE THE SAUl SALT LAKE TELEGRAM I Financial and Ge General Industrial I News From Many US U.S. U. U S. S Sections I Present lo low nt nr 0 r c commerce experts say is price r or raw sugar which at at lowest level C Ce e el in cannot annot Ion lom twenty years yearb o or long D rg g continue without r Production Prices Rb Abnor Abnormal and ana ultimate high at 1 a surplus lg of t sugar es- es of f which I u tons virtually all hemisphere is U cOngest In ln western I has been een brought to at- at of Inet met an and d President f arding harding and cab- cab caba over o Situation administration Is Is concerned sugar d as aR menacing induStry r o ot world While e is vB- vB reports surplus that is 8 s abnormal l. department Ie d invisible le stocks those those in Jn h hands tail tall cus s to of wholesale and re- re normal g trades rades J Js is far below beloV w A Am Amount estimated as rt of latter Iatter variously tons a between tWeen een 30 oo OCO and a and t ed d to tear tear fear d is Sugar rv Over v r fall all In prices e be larger large er tl than ln in 1922 expected to will exceed last s Stear ear Thought It exceed pr production 0 some me or all a and nd absorb of the surplus r I and Special Specia New S g. g 1 t b by Boston Herald v y York The T Herald says san book en- en State Income m or of the United by crick It n. n Mac y Wesley ey C. C Mitchell Fred Fred- and Osya Oswald r. r King W. W shows that national income 1 In n 1910 0 exceeded 31 n Dv 1919 to POO total had grown o In income per capita per income w nl was i s oni J 1919 3 to but In InI It Was 9 6 69 National and per perr I capita r much larger large income of tile the United States Is IsI I than n any other country was that merly th this hu i t increase cr ase during during- the war warI du to 12 na s in Pries and that I th shar ot of labor labor r in n industry vans from on 11 tInt 1 In to about hr or of th total olal in ln mining man- man r transportation and gc Work In the New Y York r rk k A American Charles I M. M I. I Schwab b sa says Bays YR I l look bolt f for tor r a gradI grad- grad I a ceW n v Very e eS but but sustained Increase in- in crease i In iku business IS ness as we wo have llave already passed the Worst But Dut three things Son must h be ih done First t repeal the Adam- Adam son l law w which i will go gol Vh helP the thc railroads Second n modify fy the tax laws laws- which wH will stimulate initiative American to toI become io e operative again Third carr carry ou out resIdent President wi Ha 1 Hardings Harding's program Prom by bym I which Vh i IC 1 1 we e wIll n i-n get a real American m ITin merchant ho nt marine marine- I It If we asp aspire aspre re to genI gen- gen u ne e economy and antI efficiency I believe I the railroads must not be managed by any government Tire TIle existing tax taxI burden u den destroys all alli initiative I 1 could retire I 1 et re from active business and with with- cut accepting any risk reinvest my money in tax exempt securities an and l treble re e my y income I Operating managers s of Eastern roads 1 point out that the railroads are now preferred customers in a buyer buy- buy I er rr ers er's s market Today sellers are making malt malt- ing ng every possible concession in an effort to get a share of the new railway rail rail- wa way say business and expenditures for maintenance of way are on the raU 1 up up- grade In 1921 the railroads spent only three-fourths three as much as in 1920 1020 for maintenance of or wa way Expenditures for this work for or ten mO months a October October Oc Oc- Oc- Oc OcI I tober taber 31 31 1921 were compared compared com corn pared with and 2651 26 5 51 i for the corresponding perIo periods s of 1920 20 and 1919 1019 respectively These figures it is explained are not subject sub sub- sect to exact comparison because of oC influence of ot the wage increase effective effective effective tive May 1 1920 and the wage re reduction reduction re- re of July 1 l 1921 1923 Dr John Mez l newly arrived Washington Washington Wash rash ington correspondent of ot the Frankfurter Frankfurter Frankfurter Frank Frank- furter declared before the national national national na na- na- na council for limitation of or armaments armaments arma arma- ments meats that the payment of reparations by bv Germany is impossible He said The disarmament of or Germany is an accomplished accomplisher fact tact there Is no German menace to Europe these are the words of M. M I. I Briand himself Issuance of paper pa pa- pet per money Is Inevitable not wilful The population of Germany Is decreasing by annually Great majority or of the people of ot Germany today Is Is' In favor of democracy and disarmament H. H G. G Wells VeIls saili sailing gon on the Adriatic Saturday called the arms conference potentially good being of or opinion that the concrete results achieved by the conference In themselves are of doubtful doubtful doubtful doubt- doubt ful consequence He lie views the conference conference conference con con- ference as a vital one of a chain of events in the construction of a systematic systematic organization of world peace One of the most beneficial effects he sees is lS the calling of the European all-European financial and economic at Genoa ChIPI Queenstown Chippewa channel compi com com- pi ted rA-ted ted by Ontario hydro commission bringing water power development at Niagara Falls to horsepower equivalent In steam generated electricity electricity elec alec to a coal consumption of over tons a year Took three and one-half one years to complete cubic yards of earth and rock were removed d at a cost of An additional will be required to complete installation of or the unit 10 generating plant Output will be horsepower annual annually Agreement to enact bonus bill for former formel service men In present session session session ses ses- sion of congress said to have been reached at White House dinner conference conference conference con con- I ference recently be between tween President Harding representatives t and Y esa a ari arid and number m members of s senators of a cab cab- I inet met Plan said to contemplate that cost ost of ot bonus be defrayed if possible I from tin receipts from allied debts to I United States If It these are ale not suffIcient sufficient suf- suf i tentatively suggested that the tho sales tax might be supported by administration administration administration ad ad- ministration for the purpose With all but eight of the class I roads Already reporting for November net operating tI Income Is S J WI with total for t the e month l t estimated at around an an Increase of more than per cent compared with the 50 shown for the same number number num nurn- ber her of roads in November 1920 and representing approximately a 4 per percent percent percent cent return op on property valuation To earn 6 per cent on valuation the en entire entire entire en- en I tire group of roads would have to show how net operating income of ot Charles Hayden says that during 1921 there was a net reduction of pounds In stock of ot refined copper which at the beginning of 1922 was about pounds D Deduct duct lug ing POUT pounds s held for account account account ac ac- ac- ac count of Copper Export association 1 there was aI approximately i I pou pounds ds o of 01 marketable marl copper coppel on hand at the beginning of 1922 Estimated domestic and t export sales for 1921 amounted to pounds Major R H. A A. Haynes national prohibition prohibition pro pro- n director s says ays arrests for decreased 60 GO per pel cent In Inthis inthis this his country since prohibition while there was about 60 lC per cent CaPt Increase in England Liquor withdrawals from warehouses here during during- October were but 0 0 Sper cent of withdrawals In previous October Total importation during luring the past fiscal year was one- one half of 1 per cent of total year before prohibition Washington ton special to N New Nw w York American I sayS tem temporary loan 1011 o or of or orS S r to Cuba which will be followed fob fol fol lowed Liter later by a long term Jonn loan of ot 50 Will wl be le approved by the American government o within the next few days Loan Is being made through New daI York banking houses and with the approval and virtual guaranty of government under the Platt this government emend ment Chinese CInese bankers said to have Corm formed d group croup which would join with inter Int allied consortium In loaning to Chinese Chi government in silver till till- sil al- vcr ver piece nese Chinese bankers contributing 16 and taking as security the Inc tle revenues derived perl from salt at monopoly Shares o of loan 11 apportioned to to four sour members member's of or consortium would amount to to Fees Fies collected bv by New ew York state staff In the present fiscal year for all al classes of automobile registration al already at- at ready neatly e exceed b by more than 15 II per cent the greatest sum um ever evar before received jy the state With two months yet jet LO Q 9 be le recorded receipts on December I 9 totaled or rno mo e I t than han collected from February 1 I 1920 t to o February I 1 1921 Volume of ot business for week end- end i In ins ins- ng January 4 as drawn from the 4 to individual e ed d b by clearing accounts house reported report report- s showed Increase ase of ot centers or or a about bout 32 p per r cent over O preceding w week eek A Aggregates of the two to weeks 99 7 0 0 and 57 S 90 e tv ively ly S re re- re Income tax payments in tx Manhattan d district of New for 1921 below belo 1920 were Payments b both oth corporations b by and Individuals w were ere as against f for tor or 1920 Sir John Cadman former chairman o of f the petroleum council Ea ays s s 's the British government does doti not o own wn a ra n share In the Ro Royal al Dutch Shell a and though It does hold Shel I shares In tIre the A tIc Anglo Persian this does not amount to c control control New York Herald says between Port h Huron uron Canada and Detroit river a d distance istance of eighty miles mies is a booze r runners runner's fairland wherein the g ling gling of liquor has become smug smug- smug smug- 0 a t Uric itle industry accomplished by determined deter deter- mined experts Conservatively esti esti- eti- eti mated 1000 cases of liquor cross the r river iver every twenty-four twenty hours Strike called caled In Transvaal gold and c coal oal mines despite efforts of Premier S Smuts to avert It Mine owners seek g greater reater employment of or native labor In s semiskilled C occupations in order to de decrease de- de crease rease working costs and meet the d decreased price of coal Secretary of War Weeks ks says ays the bid made for Muscle Shoals by Henry Ford is i s the tue only comprehensive l- l t ion tion lon thus far tar submitted which Includes b both oth construction of or the project and manufacture of the fertilizers stated that the Roman c courts have granted moratorium t to o Banca llanca only c cleta leta Italiana Lloyd and Soleta So- So a all ll reports and al concerning further sion ba extension exten exten- a of moratorium are false raIse Approximately m y 10 o will l be g s sp spent pent Jf this year by Union Pacific ac rall rail rail- r road oad on new equipment to take t care cara of or t the he inevitable resumption of traffic 4 boxcars have been ordered Including l ing ag 1000 steel automobile cars care Wage reduction of 10 lOper per cent agreed u upon pon hv h Joint counsel of the United S Shoe Rhoe hoe Workers Yorkers of or America at Lynn S Shoe hoe Manufacturers' Manufacturers association h had ad there asked for a 20 per cent wage cut Yokohama Specia Bank Ltd reports s surplus for half hal year ended June 30 o of f yen of which 4 were carried to reserve and a dividend paid of or six yen en per share Last t- t tons of French ment meat owned owne fleet have been sold at francs per ton equivalent to 48 At close of the war war French tate state owned around tons Number of motor vehicles of or all kinds registered In Great Britain from January Jan uary nary 1 to August 31 1921 was Boston News Bureau |