Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-05-01

cheap Money ness,s Speculation -s'sr'
thing p.lnt. To Another His Boom

New York. May 1.-The Times Lon.
don financial correspondent cables
srhls has been week u vigorous
circulation In minor departments on
our market A neaso' u cheap money
has arrived and the conviction that u
Will ablic throughout the summer has
been dsepcncd by the hish New rotk
exchange which leads many - anucl.
nate that you will have 60 send ~ Hold
before long. n will h. enough 10 en-
courage a great gamble In all the mar
tetr N they should not Withdraw any
from ~. The bank 81 England " NV
collecting small sums In metal ana ihls
likewise encourages un to launch out'
None the less does the open credit mar
tst remain POOR, and " had TO 60 e. me
hank for upward % n million pounds 10
helm Il over the Htork exchange settle.
ment. The gambling, ~ brisk rplns
weeks back In stocks Ike hpFflah
four. n now unheRrd of. Ail the rnef-
ny has been concentrated upon the var
,ous mining markets. and the action ~
your operators has again been pafticu.
iafly powerful In the copper se-fiiph..
Uolferr have been selling Anaconda All
the week and the Impression 4 that the
big people ~ well ~ the small who arr
Interested have now few Of these shares
left. -
than this weeks movement IN silver
and silver stocks. Some few people
thought they saw n ohhncei silver hhv-
ing long been neglected and ~ a lltile
put and call dealing In bars wnA start
cd. Immediately the metal bef,an 10
rise IN price and then one stock y.
change ioircd IN dealing not unly W
silver options, but IN Mexican bonds 81
all sorts and every other silver security
that could be- found. The market Hrvw
quite excited and for three days bust
ness was iarg, II IL quite likely 10 b.
resumed after Mondays rrHt. for sta
tistira being got out demonstrate that
IN spite ~ the enormous Increase " the
production Of the metal. u Il really IN
nhorf supply. besides. n 4 hrrurd That
those who hold ~ copper viii ltkawisr
corner silver and should the Indian
inints b. rcopcned. which. By the way,
,hey won't h.. We might have The metal
at thrrs Hhilllngr per ounce h-forr We
could turn round. II VIII b. two nhii.
linrr at another board, enthusiastic
prophets say. and such talk brings buy.
err In like fockn ~ - many goats,
spufta like this little one % this
week arr useless! they b-rrt no cnn-
iidencc. negin by keeping lighter HharrH
on the upward move and make Hensa.
tional dAsheH with firat this share and
thsn the other and see " ". do not
commence 10 follow the plan. For a No..
tie time longer We shall probably con.
tinue 10 sell. but a strong advancing
market has only TO h. kept before "ur
eyes long enough 10 turn ~ into
buyers.
We are Iur, now In n mood for the
biggest gamble all around seen here
since the Knffir boom In 1886. i.0ok
how We arr going In on the Australian
deals. No. don't You miEht b.
tempted 90 scoop that market airo. II
IL hrat left "a itself hut u N getting
biE market all the same and the
J,ronrh are taking part In tho gamble
with money not from you for Tinioa. u
4 said.
schro~dera are asking for fuhscrip.
fiona for shares for the AmniEamnteii
Copper company 81 New jersey. They
viii probably get many.