Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-10-19
DECLARES COUNTRY
IS MOST PROSPEROUS.
Stnncbnm Enthusiastic Over Conditions
Found to Exist IN Western
Farms and Mines.

i"Markct movements during the cur
rent year have been of u prononnsccu
and unmistakable character, and II mas
& been almost impossible at any time TO
misjudgc their trend The January
decline. which ran for nearly seven
months, was foreshadowcd by the de-
cision OF the Missouri and New YORK
federal district courts In the Standard
OIL and tobacco cases, respectively.
That ii did not begin last fall was en-
tirely due to tho hesitation with when
the markets awaited the decision OF
the protectors OF the billion dollar
copper combine on the mooted point,
whether to proceed MISUNDERSTANDING
these decisions adverse TO great cor
s porate interests, or whether to await
z Inc anal determination of the question
Involved blythe supreme court OF tho
limited states. Wheni 1t became known
= that delay would be the policy of these
( interests the declincsin stocks began.
1T ran on violently until s35O.0oo,0oo
had been subtracted from the market
valuation Of the leading copper Issues.
Since the turn came late in July, we
have had a hating hcsitating bull
movement, interrupted most seriously
nv the premature launching OF poll
ties and the preaching of new and
strange doctrines In this western
country" said Charles A. Stoncham. OF
the brokerage house of Chas. A. Stone
ham & Co., who passed through SAT-
Lake Sunday In his private car on his
way to the mining camps Of Nevada,
and the oil fields Of Colorado.
Sat the present time the general re-
covery has not progressed very fur.
coppers. for example. have recovered
I only about $95,00o.000 of the loss they
sustained early in the year, They have
along way to go before they make
complete recovery; and even when
they are selling back to the prices
prevailing ut the close of last year. 1t
3 is to be remembered that they are
very cheap, when compared with the
market valuation accorded them
when the metal was selling at
higher prices That they will make a
complete recovery Is not TO pc dou tH1
ed, gi U.s.
I. GRANARIEs OF WORLD.
II am now en- route through the
granaries of the world toward The
western mining camps. Since leaving
New York, there have been presented
to my vision abundant evidences of
real and bounteous prosperity. Since
leaving Chicago, and on the trip
through the great corn belt or
Illinois and Iowa. and now througt
this great winter whent state or
(; Nebraska, / had only to look from
car windows to see one of the bumper
crops OF American history moving to
market. Railroads are glutted with
tonnage, the elevators and granaries
are bullying with the yield of the soil.
and at every little railroad station one
sees now automobiles. where ntfew
years ago, when the mortSage-laden.
west was PROSTATE, the eye saw only
ill-fed horses and dilapitated vehi-
Z Giles. Passenger trains are crowded to
limits, and are running
across these western reaches In two
and three sections. People only
travel WHOM they have money:
the fact that they are travel
ling as they arc now Is eindisput-
able evidence that they are in funds.
Farther west, In the mining regions.
i expect to SEQ the earth yielding
as generously In mineral wealth MS It
Sields:he in valuable foodstuffs. The
lesson Is obvious. The two great pro-
ducing classes among Americans.
ngriculturists and miners. are adding
millions upon millions to the material
wealth of the nation. It is the old, old
: story, one cannot be n bear on Amerl-
\ ca, The side Of constructive cndeavor
and effort Is the side on which real
profits are to be found. And this holds
true marketwise. Stocks went down
disastrously; they must come back. On
theSrebound they have recovered only
a fraction of the years shrnkage.
They will make recovery complete,
I. and the proof that they will do 1t
lies in the visible evidences of unex-
sampled wealth that are to he seen on
every hand In this country. The move
ment toward higher prices Is In prog
I ress. IS yet 1t Is only slightly above
bottom In my opinion, the real,
swinging and sweeping recovery will
y start mmedlatelvlnfter election. when
THE disturbing element of politics has
been eliminated for another two
Years. and we can settle ourselves to
know they are going to be-"