| Show rille Ill IC PAD PAU V The notes of f warning sounded by the tho News Ne ru Into luto th the Hla l ln ot if f wIld speculation that Is Ie Whirling mull in this country Id tO t mn sI prove thou their Ut tie h hll have e be been n applauded by men muen hm Iter and Rud ol 01 where Wt I v an allusion to our caution n by b one lW alleged objector nt as the Jl n i of 01 an 1111 afternoon organ The r ipei lA P that thaI title Ion alon howler however peak Sleak of If the V I wonderful Wall ahi street stock r ra rag e anti and I To Io un an outsider tr It look bolts like u II grind national l financial drunk V That then IH is wisdom In warning wanting our young roun n n against lM becoming Involved In Inebriety IU N be nit lid admitted milled mittel by folks folka every everywhere ever everywhere where That theio will couie a time Um o ot l cb up n with Ith sorrow orro and re r t for has hat b beell beati eti wrought la Is a asure Ill an sure SLItS AS 1 we e shall leap that which we to o and aud that effect follow foll w ceRise V In tho the latt t review revl by lien Hen Henry ry I of the lie famous New York house houw there theN are arll soma striking I references to the unprecedented 01 ox of ot the tock stock particulars J lars of have como from rein day clay to duy 10 In lit OUt our If f Tho iv ie I putt pot IJO t otter gIving ns nH to and tho the nt In tn price of stocks H says suya V With the J l continued to not notwithstanding withstanding th UIl Into lutu to realize This ThiN extraordinary movement 1 creating a 1 furore for Or buyIng which Ignore nil all and IN Is hack alc Into the market those who Wilt had realized timid and ii LI convIction that prices hall hail risen dan dangerously high lilith Nobody pretends to ful fully fulI ly I explain why hy tb continues no so upward It further explains that In III speculative booms there theft Is no pretence of values within limits and when conservative of at valuation hae have been benn al aban in donl there l is III pa no saying to what hll overvaluation may be tie carried No N one railroad stocks an as beIng ns good an nn investment as l I awl am y t the former are selling Helling M nil high lilt the tho latter lu tt r anti and In la sonic HOm cases hIgher rhe The explanation of this incongruity Is l that the market ls Is under the Impulse of nn an furore and nud operators buy or soil gell from train no con COil of ot Intrinsic merit but from tram their Idea Iden an tie to how long the ex ox excitement Is likely II ly to continue At pies lImes Jilt cut there appears RI to 0 bo ho little hension that hInt the Han Impulse of at speculation iP has hns reached UM its culmination lion tion and because e thure there It Is still a II crowd ready eady to hilly buy at advancing price It Is l to bt bo safe liMe to keep ken on buying One remarkable statement In iii the tile re report r report port Is that It IH In not 1101 the Ole Now York Yolk who ho have principally con can contributed contributed to this title furore They Th are arc nr In tho tIme main lint Bul the tile most sanguino antI and buyers tra HI from the tho West Vest and amid the South While many off df thu regular deal donI ora eam 1 In Iii the l ast t are distrustful of ot tho tim present of prices Ires there Is in a dH dis disPosItion position portion on 00 the part of the time distant pos poll of or surplus iluf lu funds to otake their accumulations without stint In III antici pation of future national expansion As s we 0 have base e stu t I we do 10 doriot donot riot not wish to hinder the Investment hl of capital urge largo or email mall In legitimate on en We merely caution our friends against Involved 1 In Inthe Inthe intile the tile muG mad rush of irrational speculation which Is s keeping financial In Iti n a 1 foam and young men III II taking their savings and o Os 01 borrowed I funds In yen von ventures tures titres that will brio more win ruin than to the majority Fads Fud J Ul are ure the Order GrIer of ot the day The fad cn of wildcat speculation peculations is ii one of ot tile the mont danger ous on an s M well as its I of o the most moat Ulo foolish of ot them lion all |
