Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-10-06
Revolutionary Factors Appear.


which it has subjected itself.
Revolutionary Factors Appear.
Now come revolutionary factors. We
have bumper crops. Good prices prevail.
Factories are not merely normally busy,
but reach the point where they are driven
overtime. Empty store shelves force the
commercial world into strenuousness-
the demand Of customers far outrunnins
ready supplies. Every fundamental ele-
ment for a boom is distinguishable.
some peculiar things have featured
this weeks market. One has had to do
with the return from Europe of rich
man credited with readiness to specu-
late In commanding fashion-Daniel G..
Reid, one OF the generals who came
out Of the west when the steel trust
was formed. Mr. Reid is not possessed
OF any strength or status or influence
fessional Wall street when he arrived
was inclined to be exceedingly cavalier.
He was regarded as countryman from
Indiana whose new fortune could be
quickly absorbed by the veterans of
the stock exchange. Possibly then Mr.
Reid was worth $4,000, eco. That was
q dozen years ago. He has added $1O,-
100000 more every year since Es-
chewing all the old accepted formal
isms. d. G. Reid has won recognition.
trader. but as one who, planning cam
paignsstn advance. has the habit of ac-
compltshing results stupendous. Just
before going to Europe last spring he
gave wan street an exhibition in Can
years was cripple. It could not pay
dividends upon it's preferred stock, and
vast hangover charges accumulated.
It was an expectation that q Can re-
ceivership was predestined. Can COM
mn of &~fA
yond SO a share. Then one day some
thing happened. Can rose to Is. Reid
said he thought 1t was worth gore
than that-and when he was publicly
quoted all the wise men OF the street
haw-hawed. Forthwith the quotation
was 20. Wisdom began to accept no.
tice. It took week to put the quota
ton above rs, and all the while every
Intellectual in the finance district
went htlariously short of the stock.
Never had easy money seemed to be so
ready at hand.
Disclosure Of Reds Plans.
Reds plans for a European vacation
were disclosed. Short sales multiplied
From Is the stock went back below 20
There was to be glorious bear reyel
All the talent radiated enthusiasm And
Mr.. Reid sailed. But before he started
what happened in Can common was
a-plenty. 1t crossed 40. The sorrows
and the scars are not healed yet. Reid
collections ran into millions. He couldn't
have had many financial anxieties. as DUR
ing the summer he has motored over Eu-
ropean roads.
Now back again comes Reid. Wall
street having digested its earlier Can
lesson, hurries into wild anticipation OF
q new and still better. exhihit. Can is
around 10 on the day before he arrives.
soon as Mr.. Reid lands the stock win
cross $3.50 the oracular assurance runs;
and practically every professional trader
upon the board hurried to load up with
Reid campaign plans would forthwith
buy at any Old price, But some cog
not hesitate to say to inquirers that he
regards the current United States bust
ness situation as phepomepally cheer
full: He does think well Of Can stock.
to be to think rather than to buy. And
90 q; far has this bored IN upon the gen
easy stepping, stone to profit that we
have had ell this week 2 dripping out