Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-01-19

~ 'hfaH
aatthew Manhall. the veteran fnan.
ial writer Of The New York Sun, says
,e regards tho worst rs past In tho bust.
bees situation. He remarks that De has
lived through a good many financial
furrios, and the courss Of all OF them has
been much the samc-frst tho culmi.
mating crash. then tperioi Of dullus
aud inactivity. Everybody sits stiii aud
holds on 10 his money, waiting to see
what will happen next Pre- emily tho
restless ones get tired OF this and vent
nre out b. make 70 few Investments
Next some Of the timii ones follow, and
the price Of good securities starts mp
Thcn there ia plenty Of capital for in.
,estment. That lowers tho ratio Of in.
forest, and that puts prices stiil higher
Mt. Marihsll, therefore, ut present
looks for a gradually rising market aud
increasing prices tilltlo now year, after
which the improvement win bo still
moro rapid. In March and April will
come "boilng stock exchange" Just as
there was In March and April, 1868, just
following the panic Of 1851
But meantime there will b. a winnow.
ing ont and a separation of the financial
sheep from tho goats. 80 TO speak In.
terprises that are embarrassed for funds
will 80 10 the wall, as They appear TO DO
rapidly doing at present because they
cannot get credit Firms and corpora
tons that arc on a solid basis will stand
and be the first 70 reap tho benefits u
the good times when they come.
Such l. The sun hnancior.sconolusion.
He says further
view the trouble az r1iIrsly mental and 10
M, ascfiie t In ths 'raai % external arsnciai,
such a. those which have played an Important
pan In Irvttous cases - tht sans tiuL Inc
panic - isf- aud Tho following years wa prccip
iiAtsi and Intensified ~ tho ds1fuicilau u pfup
efiy IN the great nlo lu this city u ISL, and by
Succession u bal hafrcsu vhich compelled ul 70
hnpou food from Eurufs That II 1870 VS.
caused ~ the hfnasing cot % tho rshsii1u q me
southern siates while me uhuTcney which pro
.ail-i from is1l % is5u was dis o. the prepara-
tiou4 Tor G return % specie payments aud 10 tho
gsusrsl fan IN prlca whlch was expected a. to
s-cfus 10 mo 10 b. u-ariy The same that Of 1885,
and a. W. Uncovered qulcaly then 10 W. shall
nos. and fnr a similar traton
Unless oil pta exps A'nrs IL worthless and M.
leas no depiuiergc ran b. placed upon tha fsr.
mangncs u the laws which govern human COZ.
diet, vii venture 10 ru-ai that tho rHutar ~
the financial cycou- has passed ny. AMI that We
shall som have ciearins weather
fhis does not mean an immediaie restoration
Of the fpuihafdy cunnieuce which prev aiirsi h.
fow the crisis commenced. and n revival II stea-
ulaiion IN fancy stocks. nor dos VI mean that
Tiers will h. 90 NOR failures and no mnrr rev
elailors o. wcak splfa IN tho husincsa system.
What II does niean h q cessation 81 the apufr.
hsusveness which hos htsly prevailed in f6gani
N everything, lossssnnH N tho puffs strings ~
capitalists. hottsr estimate n SOUND inveat.
mehts iowrf rat of Interest for money. and,
cousequsntly % Hss IN The prices u an COOL IN.
tsre-t an'l dividend paying ssCunti~s Tues ~
suits sin hot couaa infuchately, tut that thsg
vii cans usfofe next SUMMER I am conndsni,
and, Wills Il may take huEsr time 70 ~ cfif-
pied eorc-rnt 90 thor lesz AMI Nhhc thsro vii
b god many more business huafala. he
healthy Survivors e tho erls.s ui1 Va q lev
moths. have entirely passed. through H.