19
THE OREGON DAILY JOURNAL, PORTLAND. SATURDAY EVENING. SEPTEMBER 12. 1003
fmiii supply-
FAR TOO GREAT
Market Cannot Absorb All
Offerings Even at Low
Trices Prevailing.
Wholeeale market features:
I Too much fruit arriving
' Shock In potst outlook.
Onion market 1 lower. 1 ,
: Views apart regarding- flour.
Mora Oregon mfclons arrive,
i Fk market not any too Ilrm.
) Chfcken market la steady.
' Cranberrlea appear In market.
; Peach market fa holding. .
: Hop trade U atlll light, . -,- , i
;;. ' Too Kook Trait Axrlvliiff.
' ' Too heavy supplies effnUt ol 'all
kind are arriving In tha Portland mar
ket at thla time and he outlook la not
tha mint encouraging" either from the
receivers' or shippers point of view.
W'hMe all lines are affected by tha bur-
' dennome arrivals; the market la prtn
clpally affected by tha coming here of
too many boxes of pears and apples and
eantaloupea. While the lnrun of fruit
may not be heavier than In previous ea,.
- sens, the fruit trade bellevea It la. Tha
outlook la not aufflclent In any line to
maintain value. This condition la not
entirely a local one for reports from
California tell the same story. Even at
. thla time California growers sjid ship-
rrs are sending consignments of fruit
o this market despite the fact that
there Is not half enough demand to take
care of the local growth. Pears of fine
quality have sold at ruinous price dur
In the past faw days, some aelect Bart
Jetts going as low as 25o a box while
anything over too was considered a big
price. This will not pay tha expense
of gathering tha fruit and express
charcea not alone commission enargea.
Apples are so plentiful that quite good
fruit 1 not rinding morn aaie oven at
lOo a box and even tha aelect etoog
would find no buyers above 11 a box.
While the market la not la tha best
snap for pearhes because of tha heavy
Influx of amall-alsed stuff that la not
fit to feed to the hogs, choice stuff Is
holding quits steady at former figures.
Shook 1m potato Outlook.
Sam Broadus. ths well known local
Aotato buyer for the California and
southwestern markets, has given an un
expected shock to potato men by atatlng
that In his opinion there will be little
aemana ror uregon siock in ne sou in
this year. "Unless the situation shows
change, states air. , uroaaus. 1 ao
not think It will pay ma to open an
office here this season."
According to Mr. wronaus the usurer-
nla crop Is far greater than government
statistics ehow. "The orop,r he states.
while not snowing any increase -over
last rear. Is fully as great. The lands
along tha river growing onions thla pe
rn n wnicn rormeriy grew potatoes -win
make no difference with tha ontput from
the river district because this season
much new land bag been put In. potatoes
along the rivers, t Every year tha po
tato section changes Its boundaries be
cause every aeason the reclamation of
river territory grows.
Oranberrlea Appear la . Harks.
Local cranberrlea hav appeared In
the local market and while the season Is
scarcely opened the stock shows quite
fair color, although the berries are very
small. The receipts are light but within
tha next week or 10 days some extensive
shipments In this direction are anticipa
ted. According to tha reports from Tilla
mook, Ilwaco and tha Coos Bay bogs,
the cranberry crop this season will be
heavier than usual and tyetter slses are
looked -for."
Hop Trade Za Still XJfbt.
'While a light hop trade is thus sfar
reported in this state, it looks as if a
larger business will soon be shown. A
number of buyers went out into the
country this morning to get samples
and secure optlona on tha better growths
ana wim Irenes are expected to result.
Aieanwnn picking operations ahow
disappointing total;
Brief Votes ef the Trass. .
Potato trade la quiet.- -
Onions are srenerallv Inwef with lars-er
ounnnn oj local people, ......
Another ear Of local ilrmalnna a.
rived thla mornlnr hut will nnt ha nn.
loaded until Monday. Better . Quality
than California atock. ' . ,
Kgss, market la holdlnv fast ahnut
steady" with sales both at 17 and IT Ho.
Eastern selling at Ito for beat.
Creamer butter market ramalna firm
with price unchanged. 1
Chickens are ataariv lint thaf'a haul I
all that can be said ef the market Tur-
miw.Ttr, .r. m armaria ana int
man arrivals today Drought good. fig'
urra. . .. ... ....,
Front street sellsVa4. tha fnltnfnr
prices. , 1 nose paid snippers T9 less feg.
ui.i vuiuiniRiiuns ; .....
Butter,. Zggs ana JVmltry. "
BUTTER Extra rn.mr at li
fancy, SOo; store, lie.
BUTTER FATrH.r- m ; K
Portland Sweet, cream. SOni annr tic
KOOS Iocsl. bast.' S7M.U-' nwjti
nary, 11c; large lots, lo less; eastern.
IOC inrni sionin, . Zf a 20C, ,
CHEESB Full cream, flats, triolets
ana daisies. joi xoung Americas,
Is He
POULTRT Mixed chickens. ltUe:
roosters, 01a, so; iryers, sle; Droller.
4o per lb.: geese. SDrina. lOc: turkevs.
alive, old, 17018c; apring, 20c; spring
ducks, 13 015o lb; pigeons, squaba, 2
j.du per 00s. ; 01a, ti, aressea poultry,
Wiio pouna nigner.
- Xope, Wool and acmes,
HOPS ISO crop, CQ80 lb.
WOOL 108 Willamette valley, II
SHEEPSKINS Shearing, lOQlle
each; short wool. I5o40o: medium
wool, 50c 1 each; long wool, , 7 to a
ll.SS each.
MOHAIR 1907 Nominal lHlo,
TALLOW Prime, per lb. I04o; No.
t and grease. 22Hc -
CHITTIM BARK 4 !c "
HIDES Dry hides.' li14o lb: green.
IflTe; eals-e,." green," Itflftc; kips,
010,10; ouiis, green Mil. ivra id.
) ' - Oseis, Tlovs sad Say.
WHEAT Buying price, nsw Treck.
Portland -Club, C. bluestem,' Jo
fortyfold, 0c; red, 87c; Willamette vll
lav. 90a. - -
allLLSTUFFS 8elllis orlos Bran.
Ill 10; middling lil.eu; aborts, lii.OH
ehon. Ill tilt ner ton.
FIX) UR Selling price KAstsrn pre-
patent, so, straigni, , sf.uson
export. fl.60OI.70: valley. 14.46;
graham s. f 4.40; whole tvbt 4.f6;
rye, s, .ow; Dsieo.
riARLKY Feed. i. 4.60: rolled. 121.60:
pre wing. is.
HAT Producers price New timothy,
wiiiaraeue vauey, inner, tug
66;
dlnsry. 114 eastern Oregon, til
ivoiifv; ciover, ;
16; or-
mlxed.
srraln.' ' 110:
cneai. iiv, aiiaii.i, i.
OATS Tsack, new No. I white. III
Oii.iv; gray, iji jocio.wo.
a ' Traits end Tegetables. '
FRESH . JBUITS oranges, tl.OOO
4.(0; bananas, 6 HO per lb., orated, to:
lemons. 4.60)S.a4 box: grapefruit, 14
0 4.60; pineapples. Hawaiian, I2.60fl.00
dos.; cantaloupes, 60'8ic; - blackber
ries, 1; peaches, 4A80o; pears. 26e
(TIOc; grapes, 7604911. (0: watermelons.
I1.O04T1.60 cwt; casabaa, 2 dos.
" ONIONS New Oreron. 11.26 Der
nunarea; v-ainornia. i.io; game, so id.
Arrut-a New, ocoi.eo box.
POTATOES New. sell Ins 11.00
11.10;'' buying for shipping, per evu,
1101.10; ordinary. ; 76G85c; , aweeC
44J4HC
VEGETABLES Turnlsa. new Oreson.
11,36: peers, ii.co: carrots, ii.zbui.60
sacs; ' parsnips,1 ocwi.uo; oaDbage,
11.7(02; tomatoes, 40460o box; beans,
to; oaullflower California, crate, ( )(
artichokes, ) dos: green onions, 16o
Kr dos; peppers, bell, 0f8c; Chile. ( );
ad lettuce I60IOO dos: cucumbers,
local. 1IO too dos: radishes 160 dosen
bunches: celery. 76c: estroliant. 61a 8c:
green com. fl.60Q1.76 sack.
.' ' arooeries. Huts, Zto.
STTftAH Callfnrnls A Hawaiian T-
flnery ihibe. 11.40:. oowdered. I4.1S:
berry, f 8.06; dry granulated. I4.0S; XXX
granulated. 16.88; conf. A., fS.06; extra
15.60; golden Q., 18.10; D, yeUow.i
fill: beet granulated, 16 11; barrels
lo halt barrels, loo; boxes, 661I au
vance on sack basis.
(Above prloea are 10 daya net cash
quotations)
SALT Coarea Half , round. 140s.
lit per top; us, ii. so; table, dairy,
60s. 111.60; 10s, 114.00: bales, till!
Imt orteJ Liverpool, 60s - 110.00! looa.
1 111.00; 4s, 114.00; extra fine barrels.
la. 6a and lOa. 4.60tf6 60; L4verpool
lump roc, no tv per ion.
IIONKT-New, lo per lb,
t'OFKEE 1'arkagebranda. f II 10.
f"r 1 1 S s.r . a al
iiur---iiiiinrmi eiBi'sn rt Uk sc. r u
1. IHttllie: New Orleana, bead. t0
AJax. T )i Creole. Ie.
1 UliANS Small 'white. M.TIt large
white, 14.76; pink, 81.16; bayou. 11.84;
limas. lo.st ; Mexican reos, ( 1. .
Xeata. Visa sad wrovrstoas.
HAMS. DACOK'. ETC Portland pack
Mocall hams, li, to II la. 17o per-lt
break est bacon, lltfllHO lb; picnics.
110 in: coitase rou. no id: rexuiar stiori
clears, smoked. ltVto lb: backs, smoked.
o 10; smoneq snore oieara. inc
as, smoked. 16o lb; shoulders, llo
lb.; picklel tongues, 70o each.
DRESSED MEATS Front atreet
Hogs, .fancy. 7Hlo 1I; ordlnsry. To;
larca. Ic: veaL extra. IHiUlo Ibi ordi
nary. 1M)a lb: heavy. Iftlo lb: mutton.
fancy. 707H0 lb; spring lamb, TITiso
b. . .. ... ... ...
ISO
LOCAL LARD Kettle leaf, 10s, II
r lb; 6s I6H0 per lb; 60-lb tins, 14 M
ir Ibi- steam -rendered, 10s. 11
per
oer
per lb; Ss, 16 Ho per lb; compound, 10a,
xe per 10.
U per lb; halibut, . 60 per lb; striped
DM,, i,g M v vo Vwr lu.
aaimon, cninooK. so per 10; nernnga.
ha Der lb: soles. 7e Der lb: shrlmn.
Itto lo: perch, lo per lb: tomood. 10 oer
id; looaiera. ido per id; rresn macxerei.
t joj.orawnsn, iuo per aoxen: stur
geon ( ) per lb; black bass. 20o per
lo: sliver suaoits, so per id: Diack coo.
Itto per lb; crabs, fl.260l.7 dosen.
078TERS Shoalwater Bey, per gal
lon. 12.60; per 100-lb sack. iS.Otf: CHym.
pla. per gallon, 12.40; per 100-lb sack,
18.60 4.60; Eagle canned, 60o can. 17.00
dosen; eastern In shell, 11.76 per 100.
i.o:
CLAMS Hardshell. rr box. 11.4 (
raxor clams. 11.4)0 per box; lOo per dos.
v. .. Paints, Coal, OH, Ste, v .. i.
ROPE Pure Manila. 11 io: standard
11c; si so.. i. a, sisal, imo.
LINSEED OIL Raw. bbia- llo:
eases, 68c boiled, bbls., 66e: cases, llo
a gal; lots of 260 gallons, lo leas; oil
m.,1 Its (An
BENZINE 860 deg., cases,' HHd Per
t.K1. ..I
TURPENTINE In caees, 72o per gait
. kki. ,0. ... . ' 1
WHITE LEAD Ton lots, 7o per
600-lb lota, lo lb: less lots, lite lb,
WITtK NAILS Present basis, if 86.
DEMHD STILL
FOR HIE OESI
rackers and Killers Sidestep
"Wlien It Comes. to py-,'
ing: Cheap Quality. . ?
' 1 ' - . . -
f PORTLAND UVESTOCK'RUN.
Hogs.
Today 88
Friday ..... .... HI
107 ...1.
ItOI i.
1106 , . . . .11
Cattle,
100
116
Sheen.
150
, . . .
Portland tTnlon Stock varda Sent. II.
There la not ,ne slightest sign ef a lull
in the demand tor well-finished
Ing the market
Cattle
tuff
and In all lines the call for aelect
quality Is . somewhat greater than de-
0 1 ma no.
o I ror a eaturoay, tne , arrivals today
ware quite fair, more especially In
sheen than in other lines, but the trails
absorbed all that 'came at tha prices
quoted. The fact that easterners have
again Maumed the buying of sheep at
Oregon and Washington points has
somewhat stimulated local people to
take larger supplies and thla Is keep-
pi lairiv sieaav.
market Is disposed to ahow
firmness for select sters, which sre
finding no trouble In moving around
ft A PaUIam. K n ...... n ... ..Ill
... VWIIIHI'. IIVFT-TTJl, MW IFI'IV
what depressed In the off-grsde cattle
and wnue prices are -uncnanaed from
lha . I , . MA.. v..r.M. ,,.... P. . . .
ahowlng but little disposition to hurry
sales.
. vara g mepreeentatlre Bales.
The following are representative ef
tne sales maae in tne yards nurins tha
past ss noursi , - ,
"V- ; Weight. . 4y. Price.
4 stock cows 1.426 , .fl.OO
10 stock olbws 21.615 '- 2.16
4 steers 19.414 1.60
80 hogs 1.180, - 7.00
11 hogs ...... ..... 164 . 7.00
A year ago today cattlo and aheep
were firm but hoga were rather slow
at unchanged values..'.
; Official yard -values today: " ' "
Hogs Best east of mountains. 17.00
J7'n fta, 11.00; Blockers and feeders.
16 00, , , '
Cattle Select, east i of mountain',
steers, 14.00; medium steers, 11.40 rr
1.76; ordinary. IS.2kt I.6O1 best cowa
!5'lh''ir'r'' t-'4l-0; medium cows,
Hoo" U'' Ve-vOi , bulla,
Sheen Best ethers, 2 60; ordinary
wethers, l.009fa.a6: lambs, 4.0ft;
JY?"11 i i0i mld lo. i.60y
Veal Choice young csives, I4..6;
heavy and rough, 11.40 O4.00.
FRFSII llTil BFIIIfi
MVIS VllklllVII UklU
nnnnirn nu TiirnnT
DUDDLIUDI inCtflbl
ordinary, 4.767.00; blockers and
4 . Just two boxes of fresh sal AV
e ' moo arrived In tha Portland mar- e
e, iivm ,u uviutnoit. river s
unng me paac 41 hours; Just
ens box ' day. The receipts
were never lighter, here .during
an open aeason than now, sad
high prices continue tha rule. To
account for this scarcity it is,
mi 1110 unnanu tor rresn
salmon from the eaat la so great
that the trade there la offering
much bigger f fa-urea for the fn.
uii.f.av nttr 1 1011 man , usuat
Three ears of fresh aaimon left '
4 .Kalama for the eaat over , tha
r Northern Paciflo Friday. ' ;
1, ' ' I , mil I . , ii . j "
Sheep Weak in East., ; 4
Chicago, Sept.. II. . Official run:
- . Hnn. riin. ik... -
Chicago . .'.... .V'.. i.ooo 1 aaa ihaaa
Kansas . City. .....20,000 f 1,600 .100
umana . 1,000 . 100 ' , too
Hogs are strong at yesterday's clos.
Ing prlcea Left over yesterday. l,o.
Nlir.nl, VUf ,,M 1 A AAA kfl..J ...'
iiSei.ioJ YigKt, Wi1;
caiue teaay. .... ..f;
Sheep -Weak. ?.- .'...''.:. ; . ''', .'
tfotthwMt Crop Weather.?,'
Oregon and Waahlns-tnn mstr iiJh
and 8unday. north to west -winds. , , .
laanrH-p Air tnni wrtr Avtii Btmtmm
C wiMilias
WTiat ii the ait of denyingt the whole world IS Itock gam-;
bling. It should not be so, but it is so. . Senators and ward politi
cians, bishops and curates, judges and court criers, lawyers, doc
tors, tinkers, tailors and newspaper editors and all-round star
gazing moralists, and, and, and their mother, wives and sweet
hearts, and Faro Jim and Race Track, Dan and all the gang.
Some believe that the whole world is not stock gambling, but
1 to whom they all come for a "heart-to-heart" f don't for good
ness' sake give us away investment" know that broadly speaking
all the world IS stock gambling.. And why not? The age is a
dollar . age, a give-me-ease-and-comfort-and-luxuryvand-give-it-
to-me-quick. age, and the only respectable short cut to quick and
easy money is a stock gamble. . v n . rr --.
The bishop would not game in stocks or in anything else,
but his boy ISmt college and his daughter MUST be brought up,
and while he and his good wife have all and more to supply their
individual wants it is their dafty "to invest their little fortune to
the best advantage."i Red Mike is "dead on td how the trick was
turned that shot Morgan and.his pal to the top of life's ladder
and it, is good enough for. Hi" iwag all right; all light'- From the
indolent fooster on the top round to the one glued to the rung in .
the mud and all the in-between, they are all gambling in stocks,
Few call their act gambling, but to . us who have the hopper -end
of the business, to us who look at the hopper's contents with
unshaded glasses, we kaowall the "investments," "speculations,"
"fliers" and "business ventures" bear the same tag "stock gam-fV
bling," "something for .nothing." When the Philadelphia High,
Church public purist was confidentially told that Harriman was
to jump the Union Pacificlividend to 10 per cent overnight and 1
he purchased 5,000 shares at 150 with his earthly all, $50,000, as
margin;. and-when Union Pacific jumped to 196, and his $50,000
turned into $280,000, he knew, he bad only been investing. But
when Union Pacific afterwards'dropped like a bolt from the blue
. to 100 and his $280,000 had. disappeared in pale yellow-atmosphere,
and his investment was a vacuum into which -had been
lucked all the funds of which he was trustee, the coroner found
pinned to his suicided remains this truth tag: "All that remains
f a gambling thief." -
All the world DOES stock gamble, as is evidenced by the un
blotoutable publtc records, which show
1st The industries of the American people are represented
by $70,000,000,000 of paper tokens, stocks, bonds, which are
"dealt in" on the stock, exchanges, t ,
2d The purchase" and sale of these paper tokens each year
represent the employment of more money than all the manufac
turing, all the farming and all the transportation business of the
'American people.
3d The amount of deposited money in the banks and trust
companies of America which subsist directly and indirectly on
the business of stock gambling and which represents the capital
and savings of the American people, js far greater in amount
than that employed in all other business. , ,V"
r 4th The amount of money taken each year for the living ex
penses of these directly and indirectly engaged in the business
of stock gambling, not a man of whom is a legitimate producer
of anything of value to his fellows, is far greater than that taken
by those engaged in managing any 10 lines of legitimate busi
ness. t ...... t ; . : . .. ,
5th The destroying-value and destroying-energy' effect on
; all legitimate business of the American" people by the rise and
fall of the price value of the $70,000,000,000 of.paper tokens of
wealth produced through the agency of stock gambling has been
. far greater during the past 40 years than that produced by afl y
the earthquakes, floods, fires, famines, wars and labor, unions. '
6th. The effect, the bad effect, the heart-depressing, goul
erushtbg hope-destr.oying, energy-numbing effect on the Amer
ican people by the accumulation of monstrously mammoth pri
yate fortunes through the agency of stock gambling during the
past quarter of a century is far greater than the ill effects of all . .
the socialistic, anarchistic, laboristic and professional theivistic
preachings and practices of the past 200 years. t -.
All. the world IS stock gambling. If the American world
continues to stock gamble during the coming 10 years on the
increasing ratio of the past 25, it is inevitable that the naffle
American will hold but the same rotation to human freedom
as the name Darwin does to manas much, no more.
No question, no combined 100 questions which will be asked
during the coming 10 years will carry the same vital import to
the American people as the ope, "How can stock gambling as
at present conducted be stopped?" ,
There is but one way to stop stock gambling as at present
conducted. And it is obvious to all students of affairs that there
is but one way possible, for all other ways have been tried, and
have failed, absolutely failed. Fearless President Roosevelt's
efforts, the efforts of congresses, state legislatures, the courts, ,
the press, the labor unions, the politicians and the muckrakers
have absolutely failed. The recent past shows conclusively
that in spite of the earnest efforts of these classes stock gam
bling has not been crushed but oil the contrary that it has flour- "
isned until today it is being carried on upon a 1,000 per cent
bigger basis than it was 25 years ago, and for evidence I point
to the late October panic, where quicker, mightier and more das
tardly brazen tricks were pulled off with a 1,000 per cent greater
profit m money and "glory" than ever before. -
4
The only way possible to stop stock gambling il
jtocic. , . , . , , ...... ...;'
1st -Because "National Stock" is already since its recent
launching an assured success. It is now assured that the Ameri
can people and Europeans will buy from its treasury unlimited
"amounts of its unlimited possession of "National Stock" until ;
2d "National Stock" will be possessed of at-least as much
cash for all practical stock .market purposes as the System.' ..
3d With this cash and its knowledge of the stock gambling
game, and its machinery for harnessing this game, which knowl
edge and machinery is as great as the Systenrs, it will be as able
.to dominate the price of the $70,000,000,000 of stocks and bonds
as the System. . - ,
4th From the fact that it will never bring this cash, knowl-
4
National
In other words (I call the attention of my jnost vlclemi eritfep
to this -most vital part of my plan), I knew before launching
"National Stock" that if it once got the hold 'of the people ft
already nas lecured that it would quickly compel the System to
1 I L. 1 ! . !' . . a s
pmnuun mc pcinoas oy wnicn me system nas occn crBsninff
it. ' A .... . I' 3 a. . a - a .
1 rir siniprirain npnniP inn mnnnw rnnaa- amn snail b niuaMakai
- --s swwa avvaT'ssa Sva, ,sw01a, Na lJ 1 lIVHttt
Stock," which acknowledgment of "National Stock's" success will
in itself bring into full play my final Remedy. It wai for this
great end more than thelprofit to investor in "National Stock"
that I toiled and schemed for 20 yeara tc successfully launch my
plan, because when once ill the world realizes wat has now
become visible t6 Wall Street that "National Stock" has tha
System on the run the realization will in itself fully bloom my.
.edge and machinery into play but on the RIGHT side of the t;- final Remedy, and my work will have been finished and the
vincricaD jieupie win nave come into ineir own. v ,
Since the launching of National Stock" the common rallying
ground of my critics has been, "How can he be safe of success
when1 he enters the market against the System?" The answer
shoald now -be clearly visibM even to' rdinarv mirtdl.'; Eten jf
j- .inju, oiun . m me riysicm were equal in casn, marKCl
- knowledge and market machinery the System would go down
before National Stock in every deal because "National Stocks
- will -never , enter the stock market to oppose the System, but in
... cases where the System is engaged in one of its rohbery-of-the
people campaigns,, that is, when the System has bid up stocks
by dishonest methods, to an artificial height for the purpose of
it 1 in rv tHti the) '"XTei !sef CaU " .eb Maa...Kak
wuwsu'5 mwm hv I'wjrabf uvuai , vtvtR, WILLI 119 IaCWB7sl
tcr advertising broadsides, will acream the dishonesty so fierce-
t
stock gambling game, and then only when. the System is already
engaged on the WRONG side of the stock gambling game, it
must inevitably have the System beaten to a shredded fcazrle
every time it opposes them. - : - " 'ry ' .-v:
And niw that "National Stock" t has heeri successfully
launched, now that its pamphlets, reward blanks and orders for
Stock are rolling up an astounding success,, and now that it is
patent to all that '"National Stock," in. spite of the gigantic ef
forts of the System through its banks, trust companies, subsi-,
dized brokers and stock exchange officials and that portion of'
the press which is in its hire, has swept everything before it
until at present its fast increasing success is holding the atten
tion of the whole thinking world, it is meet that I should close
the first chapter of its history and go to rte seconds
I can jiow say to the world wifat.I could not say at its launch
ing without the danger of dampening the ardor of the scores of
thousands whose only enlisting, motive was profit
"National Stock's" foundation motive is to destroy stock
gambling. , ,
"National Stock"wilI destroy stock gambling as at present
conducted, because if will first make so much money by making
at will the price of the $70,000,000,000 of stocks and bonds on the
stock exchanges, that the whole world will buy "National
Stock," which in turn will give "National Sttfck" such additional,
power that it will either , ,
'. 1st Absolutely crush and' destroy the System, or
2d Compel the System to abandon its present methods of
doing business, in which event "National Stock" will go out of
its present business by merging itself into my final Remedy, and
at this merging it will return to all ownerl of "National Stock"
their original investment plus the enormous accumulated profits.
ly and so shrilly, as to produce a stock market panic and in
the inevitable tumble it will make the millions the System loses.'
On the other hand, when the System has dishonestly depreciated
stocks toVhake out the public, as in the October canic. "Nation
al Stock" will raise the whole world. to a buying movement
which will make the combined efforts of Standard Oil, Morgan,
et al. resemble a cat-o'-nine-tail dike in the course of a Niagara.
The System can never corner or "panic-strike" "National
Stock" in its market operations, .because "National Stock's"
operations will never be ; based upon a "dishonest or artificial
basis; And why should they be, when the System will sup
ply it with all the opportunities it requires or (and here is the
very flubbing of "National Stock's" reason for existence) the
System will reform its methods and "National Stock" will have
ntost gloriously . filiulled its mission. . ,
p'l will illustrate the tremendous power of "National Stock
to make money and at the same time to crush. the System. .
i V The American Smelting Trust is probably the richest corpor
ation' in al! the world in its future possibilities for money mak
ing for its stockholders,
. 1st It has great smelting plants scattered throughout the
United States, Canada, Mexico. When business is good it has
the products of the richest of the continent's mines brought to
its doors and it coins money for its stockholders. When busi
ness is poor it takes out of the ground from its own mines
their enormous wealth, and coins money for its stockholders.
- . 2d Through its extraordinary opportunity for insight ,into
the best mines on the continent it has been able to buy the very
rfches of them all and at bedrock prices, at bedrock prices be
cause it deals direct with the miners and also because of this it
has been able to get together a band of the best engineers and
experts, which in turn means that it .will always have the best
mining properties id the United States, Canada and Mexico.
:. 3d The business is in the hands of seven young, honest, able
men, the Guggenheim brothers, who inherited the business from
their father, who laid the foundations for its enormous success
be borne in mind that there is always some powerful member of
the Rockefeller band ready to board any Dollar enterprise which
assures him big profits for his capital. " '
It should also be borne in mind that" National Stock cares
r ,..V l ,aeB 01 oeiying tne system by affiliating
with National Stock." Therefore "National Stock." which has
no likes or dislikes, but exists only for the
These men are brainy enqugb to know that tlley can get more of
what is of value to humans out of their business by playing hon
est and fair with the public than by doing otherwise,
4th The Guggenheims from inhe fitanrr and nvirAnmnr
and business association trained with the System forces. They , not a finger snap who it! fellow-passengers Ve ih its market
voyagesprovided it is sure-pf the honesty of the voyage and
the pro'fits td be .made from the trip. . ' '
The result: With Smelters selling at 57 I began an advertis
ing campaign for its purchase, and it quickly mounted to 70.
where its quick rise and my advertising arrested the attention of
two bold System plungers, who concluded that it hail risen solely
because of my work and not because of the unlimited buying of
a Rockefeller." These plungers laid out a campaign to sell Smelt
ers short. They were encouraged by certain powerful System
men who may or may not have been in league with the burl end
of the campaign hut this is a story for a future advertisement
During, the past few weeks Wall Street has gazed open-mouthed
at the conflict which has waged around Smelters which soon be
came evident to all, but which divided itself to Wall Street as the
Pushing its great end in any legal and honest way, determined
to connect up with American Smelters without the by-your-leave
of the Guggenheims.
To that end, while. Wall Street wined and dined and carded
snd mirrored itself into its habitual state of "public-be-damned-ness,
we-are-the-whole-shooting-matches," "National Stock"
burned Jhe midnight kerosene digging out the facts and form
ulating plans which when laid before him looked so rood to one
of the Rockefellers that he boarded the American Smelters ex-r
press with the determination to go through with it to its plain
ly evident destination success, tremendous success. It should
System on one side and "National Stock" on the other. ' The
short sellers have sold and sold and sold until at present time
they are probably short more stock than has ever been shorted
since snort selling wai invented. The paper losses to the two
rfK pIu nge" arc enormous, for Smelterg"fs now close to
100, but worse than their present paper losses is the fact that
tney xnow now inat tney can never buy back- what they have
sold without running the price of Smelters into the clouds. U
the meantime the System men who have encouraged -them into
supping tne. noose over tneir beads Have consoled them and
loaned them great block of Smelters stock sgainst the day of
their final rounding up. In the meantime again "National Stock"
Biaiius itiur a waning me jirst sign ot tneir becoming panto
stricken and attempting to buy back what they have sold when
thestock fill be jumped so ouickly and to such heights as to
onvE anpincr large nau in tne cofim ol tne stock: garabliag
game, while Wall Street is frenziedly jruessing why American
Smelters is actinir to mvsteriouslv.
I cite the above simply as an illustration of 6ne of the thoo-'j
anas 01 possiDimies 01 profits tor rsatlonal Stock, ,
nrag a morsel 01 reiiecuoff fodder for the shorts on Smelters. This one sartttwrl.-'li 'mr'MmtmrM nA i,. " a ' "v.ui t.;,.':. ' .i ..i :.
5l .."ch ,eir buying alone toJ$tW& rise beca 7S13 ZSlfSZSSi
hatrs hststn Tvt-mrli-i- i-r 4A is. J ...u: L s. !- !- n .
create over 10,000 new buyers for Smelters.
System plungers as to start them buvinp- hark nnn Ann nrvt-i.w
will seUat-it sold last year at 175. AlsrS by wav of cntf 19 a 5nT Wmcn m snoacr reprice to tne iy oi have been predicting for it,; and which it is inevitable 'it
Nat;rtai Sfo,va ftf- way of comfort to the shorts. If this advertisement does not produce the-full effect it will be repeated until it does, for I have decided that r-f r rlti L
.aaxs. w MIIUI WWUUAl Ul XiUiilUWl Ui 113 5 lUVatU lUi U Cl 9 ' j 1 , r
I ask again, as I did in my first advertisement,
can any stock gambler intelligently answer this
question, Why should he buv l.OOO shares of
System stock, say Union Pacific selling at 165,
and put up $15,000 margin, which will be lost in
s ny of its numerous 15 point drops why should
he do this for the chance to secure a 10 point
profit, or $10,000, when with the same margin he
can buy 30,000 shares of "National Stock" at say
$2, which in a short time will sell at say $4, and
thereby pay him $60,000 profit, and at no time
during the operation could he, in all probability,
lose his margin of $15,000, or 25 per cent on the
price of "National Stock." In the first section of
- ' raPaiS?Vr not encourage margin buying preference to any System stock, even' Smelted
v of National Stock even by stock gamblers, but ,.j t -r- u u.. .t.
so great has become thtr demand from this class "feLf 11 SU?, t0 thc advertisement
-that I now advise all stock ramblers bear in rofu u CIaPP 7 Co., with whom "Nationaf
gambit
mind I say stock gamblers only; that is, those
. who insist upon, gambling upon margin in the
System's stocks tq buy. "National Stock" in
Stock" has entered into arrangements .for the
handling of this branch of "National Stock"
business. " - - -
THOMAS W. LAWSOlS
etn, September 9, 190S.
N