The daily palladium. [volume] (Richmond, Ind.) 1904-1905, 1904-10-24

SUIT BON y H. 400 Pearl Street, Nss "Ssk-
breughr the "boem'' of 1902 t" an
untimely end. This attitude OF
hcpelessness, thoroughly mixed with
conservativeism, is eminently sourd-
genuine and understandable. Me-
body viii accuse the ffnanciers with
who4r Mr. VanderfTp Is connected of
being T4sIlanthropists- They are
shrewd, ,l1arcI-headed business men.
intent solely upon carrying out sue
Cessfully weaIIaid plans which are
not facilitated by sach osrtbursts OF
specul&tioIr as occurred this week.
A gradual, steady and wef2sustaIned
upward movement is more M eonso-
nance w1th their plans thar amy spec
ulative craze; hence, Eeither tire SAN
ity nor the sincerity Of Mr. Wander
| Hips remarks can be questioned
In the latter half of cine week
| prices reacted considerably under
free realiz;atnn,frs EiBeraa selling
could be detected by certarrr of the
big insiders. but sucfi' stocks were
readily absorbed, and some OF the
leaders apparently took back their
istocks or tie declines The speeula-
tive situation mas not yet reached the
sdaneer point Fsut prizes are rrow so
4 IT, 70 lp
profits are enormous and are OF
course, increased withrevery advance.
( The public is coming INTO tine market
with increasing force daily, and as
the BIZ interests are, not likely to
Dermit any SERIOUS reaction the
prospects are for ar excellent trad
ing market during tie next few days;
Technically, the SITUATION has been
1nucfi improved by the decline which
began Tuesday and Tasted for sever
al DAYS. This was what is generally
}cafIed :. ''healthy- reaction" 1t vii
undoubtedly cooE off the speculative
: fever that was brewing and BRING
' tn, market int" a safer position fol
t the next rise. One Of the lnfluestla
elements in the situation Is tina
:. leading bankers have important deal
y and new flotations in prospect A
e. a weak market would interfere wit
: isrsrh plans. these parties cannot wei
+ afford to permit any serious decline
q and would probably encourage a bu
1t market within reasonable limits. "
e their side. is the continued improve
N ment in business. also ease In tn
It money market. Railroad manager
~ who are in an advantageous posltio
= for looking ahead. are confidently e.
pectinc a heavy traffic this fall an
winter; so confident. in fact, tn
, they are pressing for deliveries
" new ears and placing additional Q
lis ders for others i'm order to be reat
eu for the expected revival. Within
ed short peroid our railroads have pia
is ed orders for 10000 new freight ca
~ Tn the iron trade the recovery u
.en been remarkable. at times aime
i'd rushing into a buyers panic so go
~ rlete has been the change. Contra
nee for nearly 100000 tons OF pl@ II
on have been placed during the last L
At, DAYS at an advance Of 81 per L
yes Other branches of the iron trade
ell. sharing in the revival, and eopl
SUI, too. is in large demand at adVa
,n.- ING prices The business outlook
eel nearly all respects is satisfaete
by and If the forward movement can
.d 1ne kept within the lines OF mooera'
and present prosperity may be eontln
'ver- indefinitely Nothing could ILL.,
S,ns its permanence more than a ooo'
the Conditions III the s'o'N
nary thus favorable to active trao
'ze sa; On all sharp advances the pru'
operator will take his prohtS
nd is await the opportunities, which VII
and frequent. Of buying only on .''
- d;s, stantial declines. Sooo II
mt it, stocks are selling beyond ln''
:. Kill values. and while the marker
" men seems destined for higher ieve
!. any necessity for careful dlserhihi''
samp- by both investors and mafsiil'
~ IN. orators is increasingly applleI,.,
every -. HENRY GLEN