Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1908-04-11
EDITORIAL COMMENT.
SMALL INVESTOR AND THE MONEY MARKET.

Perhaps OF al matters OF current news, The least 10 TeCeIVt aIt5H-
lion, n ever the interest manifested in reading, on the part OF the
small investor, is the money market. At the present time, all classes o.
money are commanding very little interest. and the rate OF the Bank o.
England has been getting in bad during the past few weeks. The money
market shows the tendency OF huge capital 1t is principally governed
by speculative interests and by the capital demands of business
At certain periods Of the year, and usually the latter part Of winter
when the marketing of the crops has been about completed, the banks
throughout the country find themsecylves in possession of mores surplus
after the country is getting back to d normal basis following a panic tn
general interests feel their way carefully before authorizing huge expeh-
dftures for the betterment of their enterprises, At these times the small
investor is brought face to face with the combination of conditions that
should interest him.
There has not been a time in years when the suggestion for small
investments has been IS pronounced as it is today. Business has re-
turned o a safer basis. There is a very marked dlminution in business
failures, and the large corporations are already reaching out with a
view to expanding their interests and employing more labor. The
smaller corporations an look for support to the big markets, but these
smaller corporations keenly feel the suppression of investment and rea-
prove the existence Of conditions that are absolutely fair to the men and
women of limited wealth. When the money in the large centers, such
as London, New York, Paris and Berlin is in heavy demand for either
outand-out investment o speculative purposes, the contagion of prosper
iy spreads and the spirit of inquiry shrinks in equal proportion.
The money markets of the world today demonstrate the fact that
absolute caution governs the actions of investors, spectators and bust.
primrose hue of prosperity, the public realizes that attractive stock
offers are snapped up on the spur of The moment, OFT the desire to get in
becomes much stronger than the inclination to investigate. When the
noney rate is low in the great centers the smaller propositions have o
work more shenuousIy for support.
Those who will invest during a period when money is cautious will
more readily CLEAN facts they desire to know and should know. The after
gov of a panic is a proptious time to five the greatest support to Tin,
policy of publicity. Those departments and organizations that deal with
the investigation of corporations and the dissemination of information
are crowded to their utmost capacity during the dull times, while in
prosperous periods their work is reduced to the minimum.
America is undoubtedly approaching a long period OF steady in
y ~nent No investor who has the interests II his own purse at heart can
plead tat he is too old to learn new tricks. He is a factor in the max
ing of corporations. His support is needed and his rights will be
looked after to a greater degree when the need of his support is most
keeny felt. 1t behooves every investor to get into the habit of inves-
tisating- This habit will demonstrate his inclination to be cautious At
times when enthusiasm is at high ide-Ninng Record.