Arizona republican., 1898-10-14
INDICATIONS
 OF PROSPERITY

Henry Clews Of New York writes the
 following in his last weekly letter: |, As favcring the market: CD Good railroad earnings notwithstanding the holding back of wheat by the farmers. CD The growing ease Of money. (s.)
 Ths ability to draw gold from the ether side in large amounts when
 needed, as it is there now to cur credit
 as represented by the large trade bal
 ance in our favor. (4.) The elthusi3s-
 tic and proud feeling of the American
 people as a result of cur resent war.
 (5.) The continued large exports and
 the diminished imports. (6) Every in-
 dication of long continuance of pres
 peTity resulting in the development of
 our vast territory and unequallsd re-
 sources, increasing thereby to a pre-
 digious extent the wealth of the an
 ticn.
 A few words of history. Twenty
 nine years age the historical black Fri
 day deal shed is gloom over Wall
 street The disaster culminated dur
 ing this corresponding week in 1889.
 Tha gold exchange closed, the god clearing house bank suspended, and tha very spot where the security de partment Of my office is now located is where th conspiracy was conceived, carried cut, and collapsed. This vsry spct was the office Of Smith, Gould & Martin. The Gould Of that firm was Jay Gould. Martin died in an insane asylum. Henry N. Smith sill lives outside of the Unised States in Tren- ton, N. J., but encountered 8 knock down blow in the panic Of 'S4, sincs which he has been little else than a locker-on in Wall street affairs. Still the world gees on as though nona of these gentlemen had ever existed. Such is life. One comes and another gees. Al the present time Wall strest is un- der the influence of a severe collapse in certain stocks, which it will survive the sane as it survived the gold crash, and Wall straet will remain just where 1t is, not cnly during cur tins but that of those who come after us All the large industrial stocks go up and down through manipulation. They are all backed by clique of bold and powerful mcneyed men. When those people loaded up with shares, then no obstacle can keep them down; but when they sell out their holdings thsy step from undsr and leave the market unprotected. The room trad CTS then invariably jump upon them and pound them down to low enough prices to bring the old heads back again intc them. Sugar is now going this process. A few days since it was tobacco; it brcke frcm 1521s to 113, and within a few days, sugars top price for this year was reached August 26, when it sold up to 1463s. It is now selling at 113. Last years top price for sugar was 1892 and the lowest 1091s in the month of March. It scld still lower in March Of this year, the price being 1071s. Vici- lent financial upheavals will oCna and go in the future the samei as in the pasEhistcry repeats itself and will never cease to do so. F'luctuaiions are the life of trade and are essential to it's activity. If it is not geld, tobacco Or sugar, it will be something elss. The terms bull and bear" as applied to operators simply stand for the fighting quality in the human race. It takes to bring out the greatest force of mankind It is the fighting quality of man that invariably leads to his greatness. These who haven't it. come into the world and go cut of it, and are never heard of CT remem- beIed.