Omaha daily bee., 1905-08-20
DRUIDING FINANCIAL REVIEW.

For the information Of parties who may
have made arrangements with Mr. F. @.
financial topics and dellneator Of stock eX-
review Of the salient features Of current
exchanges.
Bee to disclaim all responsibility for the
may make concerning future prospects OF
All special inquiries about the present or
should be addressed direct to Mr.. +. o.
building. Chicago, Ill
be interested in speculative securities we
Druiding OF Chicago, an expert writer on
change probabilities, to furnish a weekly
financial topics cleaned from the various
We desire however, on the part Of The
accurateness OF any forecast Mr.. Druiding
any investment or enterprise.
prospective value OF any particular security
Druidlng, No. 5A First National Bank
CHICAGO. Aug. 19.-(Special ITO use the
expression OF the exchange, the public Is
getting in" IL is true that the public Is
not rushing into the market with the same
recklessness that has characterized eNcur-
sions of this character in the past. II has
not broken all trammels and II has not
tering the arena, but most certainly no
great judgment has been exercised In the
selection OF securities that are being ia
Nored at the present time.
Comparatively few OF the gentle fold are
IN, but there are legion who are we'll on
the way. At last the coveted country buyer
Is taking a close and practical interest In
the market. His entrance has been the
signal for great preparation and unusual
activity among the commission houses and
his influence has been powerful enough to
swing the big Independent traders around
Old timers have been made to realize that
when once the public jumps into the mar
ket the chances for the old-time bull move
The heavy buying that characterized the
,ast days on the exchange has been done
| by the bull professional spectators who
are simply accommodating an attractive line
| FOR the purpose Of presenting 1t TO the
! crowd later on at a very substantial profit.
| All active manipulators OF the stock mar
ket are exercising every possible influence
to produce higher prices and to assist the
ciAc, Ontario & western. I,ocomotive,
Leather, st. Paul and Great Northern pre-
tSe gre aTe am9 2fsr those that pTOated tG
! Of the public. Europe is also affected by
the fever. England being active in helping
| liberality II Is during. movements OF this
character that the public at large is made
| most susceptible TO losses that are subse.
quently reflected upon at great leisure dur.
ing many gloomy hours.
1t Is at this period OF speculation wher
the largest number OF mistakes are made
The entire speculative world rushes alone
pell-mell into the market under the foolisf
assumption that everything on the board
is due for higher prices II there is a Tins
when the investor should become wary and
when extreme caution should be exercised
by him 1t is most certainly during tn,
stampede.
| You may depend upon one thing: that thu
present market has been carefully prepared
! by those who are very familiar with mar
ket conditions and II Is the opinion of thos
who are most astute that the prices tina
shall be created are fictitious ones II yol
buy In the market at the present time yol
are not investing; you are merely specu
Leather. Ontario q Western and I,ocomo
tive all point TO higher prices. ! certainl,
hope that your readers have learned tina
II Is not always safe to believe a broke
who offers to show you an easy way TO &C
oumulate wealth. You may depend upo
one thing: II he has an absolutely sure wa
OF making money II is not very likely tina
he will impart Il to strangers The sim
= plest reasoning will convince you that tn
professional trader on the exchange woul
be very apt to keep a special knowledge {
himself. | have repeated these few word
20 graf many prospective spectators bu
apparently their experiences show that the
had come to the conclusion that all bunc
steerers were dead.
The market on Wednesday was a broad
active, energetic market, in which the day
transaction was in excess of 1000 900 shares
houses and the heavy trading lent grea
I strength to the bull leaders. Undertone {
: the market was extremely tight and hel
! very firm even against the heavy realizin
; which caused some lrregularity. The oper
ing especially was exceedingly strong an
: many big lots were traded. Althoug
: things sagged for a while later IL the da
frst-class activity was maintained.
St Paul and Copper were conspicuoui
Reading, United States Steel and Err
, were all active.