Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1904-01-07
THIS JOSEPH SEES
A LEAN Year AHEAD
But Alter 1904 Prophet Ben.
ner Predicts Seven Fat
Ones Will Come.
ROOSEVELT TO WIN our
And After the Governments Policy u
Settled by This Event Business
Will Get Better and F., 80
Take Upward Turn.

New York special; Benner's prophe>
cies for 1904 have been issued n the
bulls of Wall street are much cast
down, while the bears are correspond
ingly elated. Mr.. Benner thinks that
the prices in all lines of industry are
going to be much lower during the
coming year, but he believes hat 1t
Will be the turning point in the bear
movement and will be followed by
twenty years of imitation.
Benner' prophecies have been SO
OFTEN correct In commercial as we'll as
political. matters hat they are taken
seriously in the business world.
Samuel Benner is an Ohio farmer who
tills the soil by day and studies the
stars by night. For many years he was
a local oracle oniy. He told the farm
ers of his neighborhood by star gag
ing whether or not to plant their po-
fatoes In the dark of the moon. when
Vt would be the best time to shuck corr
20 get the best results, and how best
20 swap a roam horse for a sorrel when
the moon was in perigree. BY and by
me fame of his predictions spread
through the whole country round and
ior twenty years or more they have
been published in pamphlet form every
year. The first copy of the 1904 VOL
tune reached Wall street yesterday and
was read with deep interest by the
l~peculators. Mr.. Benner's predictions
lor 1904 are as follows:
II predict that prices for pig iron,
railroad stock n many commodities
VIII be lower in 1904 thar in 1903.
:! predict that the republican party
November. 1904.
Revival After 1904.
II predict hat after the year 1904
times and hat higher prices will pre-
vail until the year 1911.
The present down cycle in prices
n IN general business ends in 1904:
and by reason of protective tariff this
country has not a an ld-fashioned
period of hard times during the last
three years. Nevertheless, there has
been a stupendous fall in prices and
bhrinkage in values Of railroad and in
dustrial securities. with a severe de.
cline in iron.
prices for iron, railroad stocks and
many industrial securities will con-
tinue to be depressed until the future
policy of this government is settled in
the coming election for president.
Now, while We have had a disastrous
reaction In prices from stocks and in
vestment securities, 1t Is to be reason-
ably expected that a further moderate
business reaction will follow to the
close of this low cycle.
Therefore the decline in iron and
steel, curtailnent OF orders for rail-
road materials and manufactured COM
modities will continue through the year
1904.
THE year 1905 viii be the beginning
of Il new up cycle in pig iron aid fer
a long continued prosperity in general
business. lacting until the next COM
1911.
THE coming opportunities to catch
business and prices at their lowest linn
Its Of depression will not happen again
for twenty years. 1t is estimated by
financial experts that the shrinkage
In values In railroad, mining and va
rious industrial securities during the
last two years amount to $4,000. 900. 900.
1t Is possible that the loss Of this vast
amount OF money can be recovered and
a thousand million dollars more of In
tiated values added to these securities
tty.'