The Birmingham age-herald., 1908-07-19

ing on like tornado and talks as though ne was on the eve of making for the cyclone cellars. He thinks 8 man Is talk Ing bread from the mouths of his children who does not get aboard and reap some or the advantages incident to the pur- chase of cheap stocks. Cynics recall that MT. Rogers usually talks in this buoyant fashion when he has something to sell. Mir. Rogers is especially enthusiastic about copper He admits that copper has not shared in the tremendous improve ment which he professes to see in iron and some other departments of industry, but he thinks that 1t will very soon be in step. The sight of MT. Rogers climb Ing the mountain side, waving aloft the banner upon which is emblazoned Ex- celsior, Is an inspiring spectacle
 The withdrawal of S50,000,00O in govern ment deposits creates not the slightest ripple. With the treasury running behind every day it is self-evident that the cash thus withdrawn will speedily find it's way back to circulation through the agency of treasury disbursements Acting under highest authority all departments of the government are rushing work wherever 1t is possible in order that as many as can be given employment as work can be found for them. The resumption of gold exports is another incident which is pelHs pdSSeQ over almost without COln- ment. All told, nearly s50,OO0OO0 in gold has gone out of the country since April 1. The latest squirt in the gold export line
 is due to the demand of Americans abroad. The army of tourists is not as large this summer as usual, but it Is spending money just the same.
 Some of Brandt Walkers friends are telling the story of how he got the start about IS months ago from which he ran a shoe string into more than $2000,000, about half of which he subsequently played back into the game. It was at a time when the whole world was long of stocks and banks were beginning to cur tall accounts In Wall street. He heard of one house that was carrying 10000 shares Of Union Pacific beyond its limit to raise the money. With a loan of S5O00 he made the proposition to this house to sell 5000 shares. As a means of relief the house accepted the offer which was equivalent to point margin. Within a week Union Pacific was down 10 points. Walker had pressed his luck in the meantime and cleaned up about s150,O00 on the coup. With that for a beginning the plunger spread himself all over the market, and when the October panic arrived he made the killing of his life. A good many peo- pie think Walker a raw accident, but when all is said about him it must be ad- mitted that it took player wise to the inside points of the game to see and grasp that opportunity to get into a top-heavy market on a big scale as he did
 There is not thought to be very ex- tensive short interest in the market at this time That is one of the weak feat ures from q technical viewpoint How ever, the bears are deterred from attempt ing a concerted campaign by reason of the fact that money is so cheap and so available for heavy speculative opera tions. The street Is full of bears, but they are afraid to do anything. They have been trimmed so often since the bull movement began last spring that they hesitate to venture in obedience to their instincts and impulses. They have had enough of feeling for the top of the market.