Rensselaer Journal, Volume 10, Number 46, Rensselaer, Jasper County, 25 April 1901 — Wall Street’s Faith in Boom. [ARTICLE]

Wall Street’s Faith in Boom.

The apprehension in government circles over the situation in Wall street appears to have considerable basis in the facts as they exist at New York. But whether operators are unaware of the grave possibilities of the present speculative fever, or refuse to inform themselves, or do not care is not quite plain. Over two weeks ago the more conservative men declared it was time to go a bit slow, that while the general prosperity of the country justified present high prices to a considerable extent there was danger in overdoing and in banking on hope and optimism as if there were no limit to their sustaining powers in the market. These words of caution were followed by a slight reaction in prices, but it was for one day only, and then the upward march began and has continued ever since.