THE FINANCIAL OUTLOOK John W Gates the Chicago plunger who recently drew out of Wall Vall street a heavy loser is quoted epigrammatically on the condition of the stock market He is said to have remarked that the present situation makes him think of a poker game In which all ail the big win winners winners winners ners hav have pulled out and left a lot of pik rs trying tring to get even on each other The description Is so perfect that It leaves little more to be said The great speculators have either won or lost Jost so heavily during the months since March larch that they have hav lost Inter Interest interest Interest est in the game gam It is estimated that the decline in n securities for the current year Jear exceeds a billion and three quarters quarters quarters so it is easy to believe most of the heaviest holders have very little speculative fever left in them and the general public which h Is almost invariably invarIably invariably attracted by a rising market has been wiped out by the de decline decline cline dine and painful calls calis for margins In spite of this tremendous shock to speculation the commercial and manu manufacturing manufacturing manufacturing business of the country holds its own remarkably well Railroad freight deliveries are still slow enough to arouse profanity among shippers the equipment of ot the great railroad railroads systems s stems Js Is entirely inadequate to meet the demands on It banks which shy at loans on ordinary stocks and bonds find employment for their funds in the legitimate field of commerce and in industry industry Only the steel and iron and copper markets show marked depres depression depression sion slon and in these the conditions are if anything slightly better than they were thirty days ago Part of the apprehension on the part of financiers which was due to fear of the presidents speeches this week has been allayed by assurances that the presidents worst spasm of big Ing ng and has passed and his speeches are to be models of conservative commonplace The copper situation which is of such vital con concern concern concern cern to Utah and the west promises to improve with ith the curtailment of pro production production production and the adjustment of prices which ought naturally to follow tollow the sale of or surplus stocks Altogether the financial outlook is rather more cheerful than It has been for or some months though no sudden rise risen in n stock values is expected nor nur is it likely there will be any such carnival car of speculation as characterized characterised the closing months of ot 1906 The big win winners winners winners ners have drawn out as Mr Gates says and It will be quite a while before they will feel like taking another chance on the mammoth scale which marked their dealings of last year Utah is particularly fortunate at this juncture In possessing mining proper properties properties properties ties which can earn dividends in spite of low metal prices and In the diver diversity diversity diversity sity of ot its Us business which prevents col lapse of the whole industrial fabric fabri when a weakness develops In IC any anyone on online one line of activity The railroads cen centering centering centering here the great amount of con construction construction work in progress the mining and agricultural interests all combined combine majce a substantial basis of financial power not easily disturbed by depres depressions depressions except of ot the most violent nature