Show S L I Generally 9 Go S Broke I c- c JOSEPH LEITER who cornered the wheat marJ market market mar mar- J JOSEPH ket in 1897 testifies in a aNew New York City court that the collapse of his corner orner left him in the hole That should interest the boys who playing the grain market wish they could engineer a a aLeiter Leiter corner Every Everyone one knows about the famous Leiter corner How it turned out f for r its op operator rat r will amaze many Spectacular Spectacular Spectacular Spec Spec- success appeals to the public im imagination ginat on sinks indelibly into memory Too bad the public doesn't continue watching watching- gambling success until it c collapses It might teach many a valuable lesson Joe Leiter is recognized as aboUt it as good a agrain agrain agrain grain operator as ever lived He was wa what business business business busi busi- ness writers call an Ian expert T he Tie bigger they hey are the harder they fall Gambling in stocks and nd grain that grain that is plunging in speculation speculation gets gets them all Its It's only a matter of time It gets you faster if you are an outsider a financial moth A good many people watch the stock market as as a Ha barometer of general conditions Many believe that that the stock market is a sort of supernatural supernatural supernatural super super- natural ouija board with clairvoyant powers that that I foresee the future accurately The market is supposed to go up or down about labout three to to five months ah ahead ad of general business This supposition is based on on the fact that ticker quotations when quotations when the m market ket isn't a professional professional professional pro pro- one manipulated to attract the come- come ons show ons-show show how the big gamblers are betting Th The TheT epidemic of failures among brokerage houses reveals that in the long run and on the law of averages the gamblers guess is worth just about as much as the sheep's sheep's no no more The only real barometer of business conditions conditions conditions condi condi- is production such production such as output of steel ingots bituminous coal grain movement to primary centers centers cen cen- fers exports and domestic cotton consumption The Wall Street Journal says a speculative craze is developing The brighter the flame the hotter and more scorching S S. S Small ll investors rs who ho cannot afford to lose had better keep their money in Liberty bonds I As a result of an an error The Telegram in an I editorial entitled T The e Capitol Cactus yesterday yesterday yesterday yester yester- I day referred to Dr E E E. G. G Peterson president of the Utah Agricultural college as an advisor to the state road commission Dr William Peterson state geologist and a professor in the Utah Agricultural Agricultural Agricultural Agri Agri- cultural college is the man to whom we intended to refer The Telegram regrets to lave have caused I this confusion and nd takes this means of correcting 1 the error so far fir as as' as possible If we want to continue exporting to Great Brit Britain in which normally y takes a fourth of our 1 exports we must accept goods good instead d of Bloney money I in payment So says Sir Auckland Geddes British British Brit Brit- ish isis ambassador at Washington Imports Imports' have their objections But having cornered the majority majority ma ma- ajo a- a j jo ity of f the worlds world's gold we must barter goods good I Ifor for goods Either that tha or or orr r retire tire from rom foreign ign 1 trade or or trust customers forever I I |