The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-10-26

[ fnu rnAdlef nn9lnN - she larger UuH--
|ator. Indicate a change OF tone. and on
the whole the tendcncy OF the week
7 has been towards "buir asccndancy
There has been no notable increase Ia
the volume ~ transactions and a. yet
the gain ls chiefly seen ln Increased
snap aud confidence. which is perhaps
600 that could De- cxps-rtei in the nrst
moments of escape from "a protrac'ed
ideprsssion This recovery IL largely due
io ths improved aspects 90 enc local
money marke. The drain 81 currency
fD the Interior o. abatlng and the near
prospect ~ the refux 81 money to this
cent~, is trusted to bring about an ear
ly rpIvd On speculative. securities
An ultimately active nnd much b sh-
cr market 's almost universally sc-
ceptel as a foTegone conclusion. and
fsr manifest reasons Upon q vide
range uf st1cka. prices are loW az cun-
pared With such an extraordinary ace
ttty In trade as now exists through
out the country All accounts from thc
Wee' represent the prosperity among
the farmers as surpassing everything
in past experience The manufacturing
s.ntars also present an activity exceed
ing an prcceden. Everywhere. indus
trial plants appear 10 be running O.
tholr fuu capacity. nnd zoo many cases
DAY and night Labor was never so
7 fuIg employed and never. cas- rule
received such high wages. the effect 10
which must appear In "a large increase
Iof general consumption among the
working massrs The recent increase
+ len the f1re.g en- demand for our mlnufac-
Itures-uoN amounting to $4,000 900 per
year against Sits 900 90 SIX years agu--
appears to De- losing none of ts remar-
kshie progrcss. in spite ot the enlarged
h.nt.. consumption The mercantile
Ichssos are being benefited hy cont'n-
|uous rise iu the value of fheIr stock ~
goods. ana their pruats are in welcome
|confrast tn ths unsatisfactory results
of tne last nyr years of depression All
Ishis reflects thr release of enterprise
fram the restraints ~ the depression
c1usaou.nt upon enc a'iye rcraae ana
+ r,. .e.r. production OF the last hF' "f
.. ,.rr. 10 mslus tnHf for ga perni
,.. f.r.lrI .f tha country in every Ir-
,.rtri.rt of consumption. n1s been
restrained b. th. iau pr.nf of nln--
.en.. ANA chat upN. with common e. cI.-
a.rt th. u.uni. ara n the act ~ con
p.rstf.ne f.r ther pass eurtn'ihenl nlf
.r .urnIvIne thsr wants lt Aif' means
thnt durus the contraction oi ''N'
sumpu.n SOME mime millions 't
Ip1nuIat.ou has coue info existence WIN
M. large additions o. the wants "i .'
,,fionai consumption It Is doubtful
whether. even among the keen onarfF-
,r, ~ Wall street there is an adequate
conception of ,,hat THIS change ot cone
'dtlons Implies us 90 the inagnltui' s. 'i
tie demands n0W pressing upon the
markets and tho Industries of the
country. True Is h nothing new o.
have a period of trade deprcssiol l'i'
Tow ed by "a run - prosperous a'tiFity
But 0e have never before wit iessei a
situation ia which this Nrl "t r.Nl-
Isal has existed upon "a scale ot such
, magnitude ss we now witness We are
. nov only in che beginning of this re-
Iaction and for thar reason % maG he
, lexpected that the movement viii fun
} on Tor considerable period beioie q
J reaches the point - OVERRIDING Durlna
the interval the excitement ATTENDING
; such "a condition of things can hardls
fan 10 Develop bill spe6ulaglons in ey
lery direction but especially IN Wal
str.et TIE profits ~ business w.ll nat
: urailv drif, tn where slieculati0u he
T. ns chief market. and the stocks o
prosperuus Industries and the securitie
OF railroads reporting unprecriente'
earnings VIII anprd material enough
for boom on the Stock Exchang
sooner or later surprising anything r.
s corded
!. 1'his l. me picture ~ the future q
business ara OF ifs early effects upon "a
!. specuiative interests az a presents ttse'
"a the Wall Street iuaginationi and th
expectation must BE- CONCEDED to D
backed by mo- small degree OF probability
Il Bat wiiie all THIS D. generally regarie
.e as very mkely io be- realized az NO YER
t- distant stag. in the future, the dispos
T. fion to make speculative purchases
rs less pronounced than might have bee
expected from the strength ~ fhe induc
a. mcnt- nersenfel within fne last Two
- mree months fncre has been good DEL
10 dhapna'nte3 ariQr Operators ha'
IS fun8 chat before huFne stocks it
3 very pradsut f0 e4y i0 fhe mone. ien
lers-"nih your prrmi isiou -ind hoFi'
mnrre1 fhe penalty of negiefi.nE fh
condition preeedtnt. fhry nrf disposed
~ make .ufe chat narkla q alliin feio
~ 49,. 4.t .r t.r8. Nuaa ~ efnHIa IfnI