New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-10

Through all the drifting OF speculative move
ments against Wall Street professional hostility
sound conditions continue The greater portion
Of the crops OF 1906 marketed and proceeds
Of sales are in the possession Of the farmers and
planters. Hence. they appear as buyers OF all
kinds Of manufactures-necessar and Iuxuries
alike. This forces industrial production UP Ia
record breaking heights-the question IS no
longer how TO find markets but how 70 ill or
GERS
In direct sequel comes vast Increase OF rail-
road traffic and the fact is disclosed that exist
ing systems are inadequate TO handle present
business. \ renewal OF railroad building be-
comes imperativey necessary.
Nor IS the agriculturist solitary in pTosp Gritty
Wage earners the land over have higher re-
Enumeration than at any time under modern con-
dtions. Strikes have practically ceased-Iabor
troubles vanish.
From every business and economic point Of
view conditions are as nearly fawIess as IS pos
sible. At such time. when the energies Of the
country are trained TO fitness when every capa-
BILE brain and hand finds ready employment It
is to be deplored that Il coterie Of politicians
seeks to arouse distrust and disturb business
harmony Not only in various parts % thu
country and by minor politicians are corpora
lions attacked because they are corporations.
but the pernClOuS doctrine IS preached Jlat
wealth Is curse and the possessor % wealth
public enemy. If such views are TO prevail
then the development OF the Republic must be
arrested. The distinguishing feature OF Ameri-
can policy has been free field and fair chance
for every one. To put ban upon success
would only kill ambition
But II is safe 10 assume that nothing OF thA
kind will happen. Passion and prejudice viii
prove powerless against plain common sense
The people are not going to smash railroads and
industries for the personal gloriication OF any
handful Of agitators. Therefore the security
market should move under the influence OF sound
conditions Actual and growing wealth behind
securities Is foundation upon which 10
build
A noteworthy feature OF the day is continuing
activity and increasing breadth in the markets
dealing with mining securities Reports Ot
actual production are OF cheerfulest tenor.
Development In Nevada is being pushed in all
districts. and as a result one list OF ten stocks
have advanced S6OOO.O0O in one week in Quotabls
value The Cobalt huns with activity From
Mexico come shipments from the Mitchell mine.
ore production becomes continental
The natural result is q public interest s,
many good mining stocks can be bought Out
right FOR small outlay that TO make money II
iust becomes q question OF picking out those %
intrinsic value likely 10 be active. The rise Of
dollar q share in a cheap mining stock yields
Just as much profit as q similar rise in Union
Pacific.
There are. of course. many unsOund ones. but
they can usually be detected by the dubious or
unknown character OF their promoters. Sound
enterprises enjoy the backing OF hish-class men
whose statements can be relied upon-as for
example Charles NJ Schwab. F. Augustus
Henze and George Mitchell Such leadership
can safely be accepted.