The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-07-15

TAKES BULL VIEW
OF STOCK MARKET
All Possible BeariSh Factors
Fully Discounted, Says
Eastern Expert.

After reviewing the bearish factors
affecting the eastern stock markets
land :. EQUATION, fear OF Democratic
gains at the coming elections, hearings
81 the Standard OIL and Tobacco trust
cases, crop shortage and other bug
bears existing largely IA the lmaEsina-
tious OF timiC apitaltlt1-GeorEe l.
Walker. IN the Boston Commercial.
ieh factors due recognition, the CUES
tlcn must soon arise whether the de-
cline Of prices has not fully discounted
oil that Is bad in the general situs-
Those who wait for clear financial
skies before they buy stocks are the
ones who lose most money In the mar
tet.~ he says. 1T requires courage 70
buy stocks after prices have been de-
Ginning continuously for six months
but those who possess such courage are
the ones who win bis fortunes through
stock speculation
I am satisfied that the decline in cop
Per share values has quite fun discount
cd all that is unfavOrablc In the metal
situation. The market may or may not
there As little doubt that stocks will
advance some time in the coming ~
months at least five points for every
one they will decline from this level
While M car hardly DO considered good
policy 90 so into the market and risk
all the money one has just now the
buying and accumulation, beginning at
There are a few important facts that
should be kept In mind. The public
has been out cf the market. speaking
comparatively, for nearly n year The
strongest financial interests are carry
ing q great many stocks. which are
well protected. Tho alleged antagon-
f~fic attitude OF the government to-
wards railroads and other corporations
may be modified almost any DAY. IN
fact. there is reason TO believe that IL
viii be. Commodity prices are declining
end exports are increasing BUSINESS
81 improving in Europe and throughout
the world. and there Is beginning 70 be
an Increasing foreign demand for
American securities The wheat crop
promises 90 be about normal, and the
corn crop unusually large this year.
These and many other factors may be
cited which are distinctly bullish in
Looks Better For Copper.
There is good reason 20 believe that
khc Increasing European demand for
copper viii prevent any further ma
terial decline Ia the price, and also that
r. considerable number q American
mines will soon inaugurate a policy OF
production curtailmcnt- The report OF
The Copper Producers association FOR
June was not 50 bad a showing as those
Tor the two preceding months II the
underlying factors Of the metal situa-
ton undergo a slight change for the
better soon, consumers generally Will
come into the market and replenish
their stocks. When they do there will
be n sudden reduction OF perhaps 100.-
5000 pounds IN the visible supplies IN
this country and Europe. and II must
be recognized that such a development
VIII stimulate n greatly increased de-
mand FOR copper mining stocks.
ut IS now exceedingly difficult TO
buy listed coppora unless one f. willing
20 bid up prices. only comparatively
little buying would be required TO push
up prices IS 20 % per cent To get real
bargains IN the coppcrs one must have
the courage TO buy when the outlook
s. as blue as 70 is at present. and TO
pick mp stocks whenever the market IS
weak
Il do not think We are going into
n big bull market immediately. but I
fecl that prices Will soon be higher all
along the line when the bull market
Is finally inauTuratcd. 40 will probably
start from a much higher level than
the one now prevailing. I feel that the
best OF the coppcrs should be ought
now. and I believe that buyers who
pay for their purchases and hold them
y year or two will make profits OF at
least 80 per cent and in many stocks
more than double their money"