Show SPECULATION IS Tl TURNING FROM INDUSTRIAlS TO RAilROADS By Badger Bros wire NEW YORK Dec 2 The 2 The stock market Is under two Influences influences first first actual conditions secondly those that are technical The former are wonderfully wonderfully wonderfully wonder wonder- fully good and the latter so sa far tar as the industrial group goes are bad The speculation which has been goIng goIng go- go Ing lug on for tor some months has bas been almost almost al al- al most exclusively In the industrial list and in stocks that money lenders are not accustomed to Earnings made advances in this group which while warranted under present conditions conditions condi condl look very high when we look back a year ago Technical conditions ns often otten make ten point breaks and often otten check advances advances ad ad- vances but in the end actual conditions conditions conditions condi condi- win out Speculation is turning toward the railroads at last The public begins to realize that this industry has been badly treated in the past and our leg are beginning to realize that the biggest Industry In the country must receive the consideration which is Its due An advance in rates Ismore is ismor ismore more mor than probable here Eliere ere ere- are very few railroads that art are and not selling lower than they did when earnings were very much less leas than they are today The efficiency of management which ha has hac been accomplished pushed by hard times ha has hag given avalue a avalue value to these properties that they never before possessed and sooner or orI later the public will realize this it I we get the right sort of speculation iI Inthe In iri the railroads it will ease up the money situation I in the industrial list Hat and we will get the kind of t a market that the theold theold I I old time speculator is accustomed to fo I |