The copper era and Morenci leader., 1912-04-26
|S J. ?. M O RGAN NOW SUPPORTING
 ROOSEvELT?'
SUGGESTED BY STRENGTH OF MARKET LAST MONDAY-WHY
 PUBLIC IS BULLISH.

The following extract was taken from the Boston Commercial, and speaks for itself It has a peculiar cial sheet, such as the Boston Com mercial, asks the question, 'Is Nor gan backing Roosevelt"
 Many traders were given the sur prise of their lives by the tremendous strength which the stock market de- veloped Monday, immediately follow ing the success of Roosevelt in the Pennsylvania primaries. Those who persist in believing that this is a Mor- gan market now listen more serious ly than they have heretofore to the rumors that Morgan is assisting Roosevelt in his campaign for the re- publican presidential nomination.
 The evidence referred to is not nec- essarily conclusive. A combination of natural conditions exist which make for strength in the stock market. Traders sold a lot of stocks short in London and more when the market opened here Monday morning. They were driven to cover and their buying was largely responsible for the great burst of strength that followed.
 It has been pointed out previously that the floating supply of stocks is
  investment absorption has been go- ing on steadily for four or five years and during that period there have been very few new issues.
 There are not enough marginal stocks available to make a big bear drive successful. The bears will not make any money until general con- ditions change for the worse.
 The public is buying stocks. It has noticed a number of signs that give it confidence in securities, in values and in the future Governmental in- vestigations have revealed hidden as sets; dissolutions of trusts have tend ed to, benefit rather than injure stock holders, and with few exceptions the corporations investigated have been able to show clean bills of health.
 As the white elephant was painted for the purpose of getting money away from the public, so the muck raking politicians besmeared Ameri- can business standards to get the peoples votes. The wise ones have discovered the hoax, and those who still think the mud is natural color are trying to nominate Roosevelt and Wilson.
 The Political Outlook.
 Theodore Roosevelt has been gain ing political strength recently. It is now quite possible that he may go into the republican convention with enough supporters to make the re nomination of President Taft seem unwise to the leaders in the party. In such an event the nomination may go to still another man who is better fitted to unite the party.
 In this connection a somewhat del icate political question is likely to present itself Will Roosevelt or Taft delegates selected through direct primaries feel that they have any right to change their votes when brought face to face with political eX- pediency? If not, their fares and ex- penses could just as well be saved and the preferences of direct primary states sent to the conventions by mail.
 Champ Clark, who has been iead- ing the race for the democratic non- ination, is given to indiscreet expres- sions. Last Sundays newspapers con- tained a most .rabid tariff reform state ment from MT Clark which suggest ed very strongly that he may be an advocate of free trade. As party lines this year have about the consistency of uncooked breakfast food, it would seem the better part of wisdom to bid for the independent republican vote.