TITLE: A Conjecture of Schinzel and Sierpinski
QUESTION [18 upvotes]: Melvyn Nathanson, in his book Methods in Number Theory (Chapter 8: Prime Number's) states the following:

A conjecture of Schinzel and Sierpinski asserts that every positive rational number $x$ can be represented as a quotient of shifted primes, that $x=\frac{p+1}{q+1}$ for primes $p$ and $q$. It is known that the set of shifted primes, generates a subgroup of the multiplicative group of rational numbers of index at most $3$.

I would like to know what progress has been made regarding this problem and why is this conjecture important. Since it generates a subgroup, does the subgroup which it generates have any special properties? 
I had actually posed a problem which asks us to prove that given any interval $(a,b)$ there is a rational of the form $\frac{p}{q}$ ($p,q$ primes) which lies inside $(a,b)$. Does, this problem have any connections with the actual conjecture? 
I actually posted this question on MO. Interested users can see this link: 

https://mathoverflow.net/questions/53736/on-a-conjecture-of-schinzel-and-sierpinski

REPLY [2 votes]: That the numbers $p/q$, $p$, $q$ prime, are dense in the positive reals is a simple consequence of the Prime Number Theorem, q.v.