Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-08-17
STOCKS DECLINE
While Stocks Are Being Shot
to Pieces People Are
Saving Wood
Now Down to Bargain COun.
ter Prices and the End
Still Obscured
Newspaper Training min |! as Step
ping Stone to Success
in Financial Affairs

Chicago, Aug. lett is doubtful if
the extent of the decline in values
that has been steadily going on for
many months past is fully appreciat-
ed by the average layman, but that
1T has been unusually severe Is prov
en- by a comparison of the low prices
for stocks made this week and the
high figures of last year. Seldom if
ever in the annals Of Wall street
i has so great fall In values occurr-
ed in so short a time. n
Selecting at random only a few
representative stocks, we find that
at the low prices of this week there
had been losses from the top figures
of 1906 Of 225 points in Great North
ern prices, 254 points in Standard
Oil, III points in Northern Pacific, ~
points in st. Paul, "a points in Della
ware & Hudson, 70 points in Ameri-.
can Shelters, II points in Reading
68 points in Union Pacific 81 points
/ in Louisville & Nashville, 40 points
In Network Central, A points in
Sugar, 81 points in Amalgamated
Copper and so on. n
Such an impressive showing as
4 this demonstrates fully how thorough
/ has been the liquidation and in the
natural order of things pronounc-
ed recovery would now appear to be
due. However, close students of
the market do not look for anything
more than fitful rallys from time
to time, resulting from covering of
short contract on the part Of pro-
fessionel traders as they realize full
" that now the big fellows have be
come thoroughly disguised over the
& attitude of the state and federal au.
!. tf1orities toward corporate enterpris.
es in general and are disposing of
y heir surplus holdings of securities.
How much further is the wave OF
liquidation in the stock market to
go and what will be the result if
continued much longer? These are
questions that are now agitating the
Wall street community. On all sides
& it is conceded that stocks in very
many instances are already selling
at bargain counter prices, yet it is
impossible to find anyone who will
say that the downward movement Is
over or eeven that its end is in
sight.
In short. the street, accustomed as
it is to its blue spells, has seldom
been in SO Respondent mood as
now OF course the recent decision
of the federal court at Chicago
B timing the Standard Oil Company
over $4,000 700 for violation of the
. Elkins anti-rebate law is in a large
measure responsible for this state
of affairs, but an equally potent if
v not more forcefIl factor was the
u drastic action Of the state of Ala
bama in making of the Southern
Railway Company an outlaw because
1T had exercised what every fair
minded person had regarded as its
constitutional night. "
Financial Training in Newspaper
Offices.
III assuming his position as presi
q dent of the Commercial Bank o
chicago, George +. Roberts took oc
casion to pay a deserving tribute II
the work Of the newspaper Office al
q training school for financial re
spongfbility He said
ss 81 obtained my training in news
paper work That is the best sor
Of training for any kind Of work, Il
my mind Newspaper work gives /;
4 man more more adaptability make
him a good judge of rHlerl. and give
him the power Of thinking am