Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-05

lie NOIlu-NI ut IuDDeI DOOll
price of the raw material havin
pound.
Copper Boom Suspicious.
The copper boom, of which so
much has been said and written
during the last two months, is be-
ginning to show signs of tagging.
Personally | have little faith in
the inspired stories Of the Off
cial statements emphasizing a
universal scarcity of the metal
and Unsuitable absorption.
Why should there be boom in
copper when the demand for steel
has dwindled so sharply? The whole
movement has looked suspicious, and
relapse would not be astonishing
Both the metal and the copper shares
recently have been wabbly.
The Governments condition re-
port on cotton, issued Thursday, DEM
enstrates there can not possibly be Il
big crop picked.
Latest railroad earnings are dis
tinctly bad, particularly in net re-
suits. Even after allowing for the
fact that the Eastern roads are petit
tioning for an advance, this is no.
inspiring. Net losses for August
range from $25O0O0 to almost $1,000
600 Gin the case of New HAVEN.
Exchange Business Dull.
Sales Of stocks on the New York
Exchange during September reached
100000 shares, the lightest in many
years. only once. in 1910, have the
September transactions fallen below
100000 shares this century, while
IN 1903 the total exceeded 20,00O,0O
Shares, and, in 1906, 26,0O0,000 shares
Bonds sales on the exchange fell to
S66,0o0OOO last month, also much the
lowest in a long, series of years
The Bank of England, very uneX-
peotedly. raised its discount rate
Thursday, thus plainly warning Amer
lea that il must not draw gold from
London and warning other countries
not to lean too heavily upon it's small
stock Of gold.
The strongest financial groups are
urging caution.
They will not predict lower quota
tons for stocks, but they do state
emphatically that there is no occasion
Tor expecting any general advance.
already have drawn up a. de-
pressing illustration of recent happen
hss. Other matters exercising at
tenton and, it might be added. more
or less anxiety, are:
Radical Statutes Feared.
confidential reports from Washing
ION say that aggressive anti-capital
legislation will be taken up by Con-
gress at its next session. Several radi
cal measures Of far-reaching impOr-
lance are looked for, including acts to
extend the principle of government
ownership
Fear Of injurious legislative pro-
posals IS "A potent influence in re-
stalning enterprise in high financial
circles at this time.
The actual enforcement of the new
ldTlH VIII introduce at least tempo
'dlE unsettlement in many directions
no harmonious agreement can be
reached with the banks before the
DNen-GiaSs currency bill is passed,
't.'t''N' a. IL Is SbiNl, IllSIlI Ue pre-
JIptated f a majority of the national
odhhS refused to obey the Govern
Wehis mandate ordering them to
subscribe for stock in the new Of
hclai regional banks.
?. Lack of harmony between the
United States Treasury and the
Country's bankers is regarded as a
menace that might suddenly cause
trouble.
inal!y, the international monetary
situation is not liked, conditions
abroad BEING such as to discourage
pans to place any considerable
amount Of new American securities
ylef-Seas-and there is no keen in
JURY for flotations here.
nope II will be possible to present
noFe cheerful facts and more opti-
"''S'Ic views in the near future.