Weekly journal-miner. [volume] (Prescott, Ariz.) 1908-1929, 1908-09-30
PAGE THREE
WALL STREET GETS CHILL
AT BRYAN's STRENGTH

The possibility of organs election.
pronounced In this column n week ago,
has been voiced during the past week
by no less important pcrsouaucs taan
james \. Hill and T.. u Hartman,
both Of whom seem 20 regard western
sentiment iu favor Of the democratic
candidate rs strong. The publicly
stated opinions of these two mon gave
the stock market % decided chill. and
10 these public statements can be AS.
orihed the reaction which has taken
place boz stocks within the week
Tic Ncw York stock Exchange list
looks limp and yielding, in spite Of
tnc fact that iotn lin and Hartman
have stated 10 as their belief chat the
result of She election viii u.t material.
~ affect business. So far as the rail.
road business is concerned. there IS
constant Improvement. as is shown by
fhc tact Chat largo percentage Of the
ears which were Idle lHst spring are
uow employed in profit yielding traffic.
10 BE- said Chat the Union pacifc is
using 900 of ,tt equipments, and 3. ready
o. 1rdor moro
For several dfys tho "coalors" act
cd %. buffer for toe whole market
! against bear attacks. thrir strength
lcing dDo tp % decision Of ono Of the
United state. courts, unfolding the
right OF the coal carrying roads TO- hold
, and operate the coal mines which they
now own. aud, f1r The present zoo least,
7 10 acquire other coal rroperiios. Even.
w1llv. however. thr pressure became
+ so great tirl n.t even tho strength Of
tac coal ..als tY.t- could stem the
3 iculcrr- tDvI.' decline.
How fu .'r decline viii go. md how
/ long 30 viii continue. i, uncertain. The
/ reaction has au..r.ully not vc' run its
course. TlDfc 1lo several bits ~ bull
news That have Leon withheld. how
ever. which win have tendency 10
greatly strengthen the market within
/ The course of the next two or three
weeks. u can hc stated, unequivocal
/ ~. that the earnings OF the steel Cor.
/ ppratiou for the present quarter viii
surprise everybody. Fifty for steel
common viii be- an accomplished fact
before election day. and in the event
/ of Taft Is election. the stock should 90
number OF points higher than 80 be-
fore IL settles. Such a prophecy would
7 have been regarded a. Wild one
three months ng0 In another three
NlNWANN % VIII ~ ANNhfh NN''H h" n
conservative statement " the proba-
bilitics.
Coppcrs ON the curb and in tho Bos.
ton market have shown weakness, due
in part 20 the weakness Of the metal
and in part 10 the fact that users still
refuse 10 take. the advice of experts.
and load mp with stocks Of the metal
around the present market price. With
L.. 80
at which such standard copper stocks
as Greene Couanea. British Columbia.
Miami and Nevada Cons. are now sell
b ing viii lool, small
Through thr maze Of manipulation.
the student VI market conditions can
.cc clearly that ihc insiders in Gold
field Cons. are mancuycring for posi-
'tiou. 10 becomes with each passing
day moro clearly evident Mat Goldheld
Cons is merely awaiting word from
itg masters Go bound mp Co higher
prccs G1idfoid AUTHORITIES estimate
thnt. There are over eighty million dol
lars gross zoo sight in thc Mohawk
, above tHo 500 iot level; tbis means
over fifty million dollars nc'. The
. manager ~ tho GoldGc'd Cons has
/ been quoted as having publicly admit
. frI thirty million dollars net. In the
frht 81 those statements 70 would not
b lc surprising 60 see Gollaold Cons,
within % r.lf scI close to 20 share
. Ihat 70 Wil SEN above emo ia au cx
ecrItug'y conservative estimate. Flor
2 Cuae seems slated Tor higher prices. II
, "a fl.t class manargf wiia q competent
q force OF mining end me'ri.rrF't1l us
:. .ia'aui4 were Doe cn1rec. tho property