The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1904-01-08
THIS JOSEPH SEES
A LEAN YEAR AHEAD
But After 1904 Prophet Ben
ner Predicts Seven Fat
Ones Will Come.
ROOSEVELT TO WIN OUT
And After the Governments Policy u
Settled by This Event Business
Will Get Better and Prices
Take Upward Turn.

New York special: Benner's prophe-
cies for 1904 have been issued and 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 that 1t
will be the turning point in the bear
movement and will be followed by
twenty years Of imitation.
!. Benner's prophecies have been so
often correct in commercial as we'll as
political matters that they are taken
seriously in the business world.
Samuel Eenner is ar Ohio farmer who
tills the soil by day and studies the
stars by night. For many years he was
a local oracle only. He told the farm
frs of his ne%ighborhood by star gaz-
ing whether or not to plant their po-
itatoes IN the dark of the moon, when
Ut would be the best time to shuck corn
TO get the best results, and how best
ITO swap q roam horse for a sorrel when
the moon was in %perigree. BY and by
the fame of his predictions spread
for twenty years or more they have
been published in pamphlet form every
year. The first copy OF the 1904 vol
nme reached Wall street yesterday and
was read with deep interest by the
Epeculators. Mr.. Benner's predictions
for 1904 are as follows:
Il predict that prices for pig iron,
railroad stock and many commodities
will be lower in 1904 than in 1908.
Il predict that the republican party
Nil be successful in the election Of
November, 1904.
Revival After 1904.
II predict thai after the year 1904
there will be a revival in trade, better
times and that higher prices will pre-
vail until the yea 1911.
The present down cycle in prices
End in general business ends in 1904;
pnd by reason of protective tariff this
rountry has not had an old-fashioned
period of hare times during the last
three years. Nevertheless, there has
a ~stupendous fall IN prices and
s%hrinkage in values of railroad and in
dustrial securities. with a severe de-
cline in iron.
Prices for iron, railroad stocks and
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, curtailment Of orders for rail-
road materials and manufactured COM
will continue through the year
The year 1905 will be the beginning
of a new up cycle in pig iron and for
a long continued prosperity III general
business, lasting until the next com
merctal revulsion. which will be in
1911.
The coming opportunities to catch
business and prices at their lowest lin
Its OF depression will not happen again.
for twenty years. It 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 81 900, oOO, 900.
1t is possible that the loss OF this vast
Of money can be recovered and
thousand million dollars more Of in.
ttated values added to these securities
during the coming years of prosper.