The Butte inter mountain. [volume] (Butte, Mont.) 1901-1912, 1901-12-10
FINANCIAL. MATTERS
HENRY CLEWs' OPINIONS AND
COMMENT ON THE MARKET.
ATTEMPT TO RAISE VALUES
President Roosevel.'s Message De-
clared Dictated by Sound Judg-
ment and Thorough Under
standing.
TTEMPT TO RAISE VALUES
CBy Associated Press.)

New York. Dec. 1V.-AccOrding TO
Henry Clews the Wall street situation is
practically unchanged. On the one side
we see stocks powerfully concentrated
in few hands and an attempt made %
raj values to Il still higher leVel py
means of various deals, ny encouraging
easy money anu " other artllceS pest
known to skilitul nanipulators. Con-
tinued prosperity and large rallroao
earnings haze afforded strong basis
for such a IiloN etlcAt, ana at the moment
there are no Signs Of pronounced weak
ness except the unsatisfactory deVel-
opments in 4sniaisamated Copper, which
have undoubtedly impeded the efforts
for a renewed -ul campaign. The large
interests arc unquestionably committed
to the long side of the market; they
have stocks 10 sel which the public
are slow to buy unless tAey see more
certainty OF profit than has been Of
fered
Trust Evils Self-Corrective.
Many of the trust evils would be self
corrective under reasonable publicity.
The president apparently left the cur
rency question to his able secretary, Mr..
Gage, who treats this important problem
with unusual force and clearneSS in his
annual report. There Is no domestic
question of greater Importance for con-
gress to wrestle with than this one.
The country needs a scientific and auto
matte currency system in keeping with
modern progress. The change can best
be made under prosperous condition.
When reaction sets In and credit con-
tracts, prejudice and ignorance will be
| more difficult to overcome than now.
Mr.. Cages remarks on the currency
| should be though fully read by every
| we'll wisher of his country.
Labor and Capital.
| The presidents message is pro-
nouncement upon the great affairs of the
| day which Will meet with instant and
! hearty approval, both at home and
/ abroad. Its eminent nselNatism must
! dispel any apprehension of radical rec
! concentrations that may perhaps have
| existed among a few. The presidents S
attitude towards the vast business inter-
est of the country is an earnest of sound
judgment and thorough understanding.
The interests OF labor and capital have
| alike and equally been considered. The
policy of publicity in regard to the af-
| fairs of sO-caled trusts Is IL very salu-
! tary accommodation which must carry
| with II the VI ali -ililUteu
| men.
Message Universally Approved.
| Those who anticipated a strenuous
message from President Roosevelt were
disappointed. The presidents first mes
sage was calm and conservative docu-
ment, entirely free of radical or deIna-
gogical features. While his treatment of
disputed questions could not be expected
to please everybody, all agreed that his
| recommendations were strictly within
the limits of safety. The financial com
munity was chiefly interested in his ut
terances regarding trusts. These he
treated in frank, judicial and temperate
spirit! and his ideas upon publicity, need
less to say, met with universal approval
If such legislation as he suggests Were
now in force Wall street would be free
today from one of it's worst uncertainties
and Amalgamated Copper would not bs
the scapegOat of the market.