Ogden Weekly Standard | 1905-08-25 | Page 4 | Dangers in Stock Speculation

DANGERS IN STOCK SPECULA TION henry clews believes the stock manipulators are about to unload on tha public so tie sends out a warning in which be says the stock market has this week shown additional signs ot divorcing itself from the considerations that conservatism ism would seem to prompt there Is abo presence of enthusiasm in the air which takes no account of practical tests of values such as returns on investments and prospective returns on investments and barring possible adverse developments that appear daily to be growing lass and loss probable the financial situation seems to be working toward period of inflation it appears no exaggeration to say that the market Is at fever heat the shoulders of the langs largs interests are under it stimulating it and brals and rumors of deals aia hang used to foment tho situation it I 1 true that prices are high but under thess conditions it would not be surprising it they should move somewhat higher the large interests in the market themselves recognize the hleb level but they argue that conditions also are high and that the speculative mind is so enthusiastic over the promise ot material prosperity contained in this years unprecedented harvest now vr i dually past the danger point that the ime Is ripe for a campaign to market the securities they acquired during the collapse following the inflation which culminated in 1902 the crops of tho country taken altogether easily promise a period of unequaled agricultural prosperity with the single exception of the cotton crop corn the king 0 crops will certainly exceed all previous records wheat and hay and oats nd balloy and rye all promise to be close to the record limits it ibay io not exceed them and this in view t the impaired croix of russia and offers a babe tor general