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Show GENERALLY GO BROKE. H Joseph Leiter, who cornered tho R wheat market In 1897, testifies in a H New York City court that the col H lapse of his corner left him $3,250,000 H in the Hl That should Interest the boys who. H playing the grain market, wish they H could engineer a Leiter corner. H Every one knows aboat that famous H Leiter comer. How It turned out for f Its operator will amaze many. Spectacular success appeals to the public imagination, sinks Indelibly into memory Too bad the public doesn'l continue watching gambling success until it collapses II niit'h' leach many a valuable lesson Joe heller is recognized as about a Rood a grain operator ap ever lived iHe was what huslness writers rail an expert ' , The bigger they are. the harder they fall ! Gambling in stocks and grain that lis, plunging in speculation gels them all. It's only a matter of time It gets you faster if you are an oul 'sider. a financial moth. , A good many people waich ihe stock market a ' a barometer of sen eral conditions" Many believe that the slock market is a sort of supernal jural ouija board with clairvoyant pow jers lhat foresee the future accurately The market is .supposed to go up or 'down about three to live months ahead of general business I This supposition is based on the fad that ticker quotations when the market mar-ket isn't a professional one. manipu jlaied lo attract the come-ons show how the big gamblers are betting Tho epidemic of failures among (brokerage houses reveals that, in the long run and on the law of averages, the gambler's guees is worth just about as much as the sheep's no more The only real barometer of busi ness conditions is production such as output of steel ingots, bituminous coal, grain movement to primary centers, exports domestic cotton consumption and moil order 6ales. The Wall Street Journal says a speculative craze is developing. The brighter the flame, the hotter and more scorching Small investors, who cannot afford to lose, had better keep their money In Liberty bonds. |