New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-24
RIDGELY'S
FINANCIAL FORECASTS


Though manipulaJors pursue the same general
tactics year after year tas described IN ny
pamphlet, The Science and study of stock
Speculation free on reqUestl. they Constantly
scheme out new tricks TO hOodwink the punlic
II you propose, therefore 10 win money instead
OF losing II you must ndH only master the or
GlI1ary complications OF the game but also keep
- ~ DAIE- the same as In any other bUsi-
ness Good Judgment. both of conditions and
men, IS necessary. IL YOU keep charts learn how
70 reau them DO YOU think farmer who had
never seen the ocean before could navigate a
snip oy means OF Charts2 I believe in charts
only when other indications point the same way.
watch tne volumes OF daily transactions. Both
ouI ana bear campaigns eliminate in large
SOIuhes. BY large VOLUMES ] mean large
compared with the preceding daily volumes.
IN M mistake Tor tins those times when. after
q Tong period Of dulness. certain stocks begin to
1890 on he9vy buying Time and seasons
Iat - uS considered -Four months ~ the usual
lehsth OF time for a bull campaign. The position
oH s tle market OF the public and small traders Is
u great importance. In the early stages OF a
Dull campaign the public are either selling snort
OF waiting FOR reactions (which do not Gomez
20 ouy- The public are invariably loaded I'D
Win long stock at the beginning OF a bear cam
Palsn- Rates at which stocks are loaned on the
LAChailses sometimes furnish a cIew to their
position but better way is TO find out nom
1850 shops or brokerage houses which side
thelf customers are If outsiders are all sell
Ills, II IS pretty safe for YOU TO buy, and vice
lisa Wheh heaVy volumes begin 10 come out
lIle Oh trader knows there is something doing
mere are times when il Is comparatively easy
20 discern whether activity IN a stock viii be
IoAoWed by an advance or 4 decline. Don't try
70 trade every day, and don't chase fractions.
Unless playing some good scale system, take a
quick loss y n purchase or sale goes against
you especially so in the case of tips. and start
over again If &c goes in your favor try 10 let
pFOnts run until the movement Is over. 10 TO 20
points II possible But when the market rurns.
close out promptly and don't let your Profits
disappear. ABOVE ALL THINGS. NEVER
w EtSIAI A MOVEMENT If the market has
turned. sell or points below the top IL ueces-
sary- Inside information is often right for q
point or two. in order TO get your cOnfdence. and
ne
points the other way. stand from under quick
IN such cases As rule buy when everybody
wants 70 sell and sell when everybody wants to
ouy- Inc theory, Buy when cheap, sell when
dear is very bad in practice. During The
Flower boom B. R. T. was dear at %. bur e. ad-
Vahced % points further Keep posted on actual
conditions, though usually these are OF less i'm
portance than how the insiders are rw3~SiEg
Developments are effective only accord flr- 10
| the EMPHASIS given by the big -
ordinary bull market the advance is 81, 81 aud
/ gradual until near the finish. and vice s-sa in
/ until deal is closed. II demoralizes and NaTps
| the judgment. Beware OF sO-called "inside in
| formation That is the Insiders trump Ard 70
| TOD the public, and has resulted in mort .osses
| by conhding investors and spectators than all
| other causes combined.
/ You doubtless know how exactly foreCss
| the market up to January l. and when the war
| scare came subscribers should have bCe2 n
/ position to buy freely on December so r.. dav
| on which tipsters ana every one alike J an be-
| come bullish, I warned subscribers TO b gary.
as the market had TWO sides, and no 10 be
/
| vices have been as follows.
| P. NJ, Jan. "A sharp rally Will seen
/ Monday. Buy weakness.
| p NJ. Jan. 4-Seh out your long stocks on
i good rally and wait Expect a succession OF
/ alternate rallies and reactions.
| 4 P. NJ Jan. Buy Steel pfd. for Ge Co
/ slow others for a day two
| Jan 6.-Chances are general list q purchase
/ Thursday morning. Heavy short interest IN Paul.
Penn. and Steel pfd Copper sale on strength
Jan. MY information from the highest
sources IL that there will be Buy
weakness with stop losses just below Weines-
/ DAVIS bottoms
| Jan. s.-GeneraI list is a purchase on recess
sions; close stops should not be caught Take
/ profits advance TO near last weeks tops
/ or on any good rally Jan. 3 the same
Jan. IL a P. M)--Expect alternate rallies
/ work up about FIVE points. The best stocks %
buy on any weakness are Steel pfd-. Paul Penn,
i 6. P. and U. P.
Jan. 12.-Buy stocks named Wednesda unnru-
ing
Jan. 13-stocks VIII probably sell i've points
higher before hah point lower Jan IA the
same.
Jan 15-AIy favorites remain the same: Steel
pfd-. Paul Penn s p and o. P. Prices should
not react half a point
Jan. 16.-The edge is or war talk Market Is
on the UP grade BUY MORE
Jan. 1S.-War Is remote and a stea 81 ad-
vancing market probable. Condition Vvcr
some boom.
jan 19-Market going higher. I continus v-rs
sweet on Paul Penn, Steel pfd.. 5. P. and Z 2
Jan 2Q.-Trend VIII continue upward without
much il any. reaction Stocks named above
best. Also Atch- going into the eos. and R
T. SO.
Jan 21.-lIarket should advance until around
noon Friday. Take profits then bulges and
wait I expect Some good things for next wees
The above are the actual digests OF my Letters
mailed on those dates. There Subscribers
who have been with me since ] hrst began
Issuing forecasts in 1898. No advisory concern
can TRUTHFULLY say the same To HOLD
subscribers for five years. In bad periods and
good IS sound evidence that nv Letters. though
no doubt faulty at times. AVERAGE wen And
n the survival Of the ittest" Is criteFion.
TO the best OF my knowledge ny Letter has
been issued a greater number OF consecutive
DAYS than any other for which fee Is charged
az We except JOSephsl. Those interested in Sc
curities are certainly very uuwise n. ehen a
GOOD daily letter is placed within Their reach
at the nominal figure Of miue-SJ per MONTH
they neglect to avail themselves OF it, n YOU
can show me any other advisory servte ap-
preaching mine in accuracy. for ten q go past
or ten weeks past. no matter what the .-tt, 7
viii give YOU a LIFE subscription FRI ,iur
new chart. showing fluctuations OF aCtt' ElscEs
up to Jan. I. 1901 also composite chart sis'Ning
bull and bear markets for past twenty-s,s 7eorS.
post free TO any one.
A. N. RIDGELY.