Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-04
s4za .2as 600 sa2a .aa2 onr

Total ....... 8479 ,295 600 1929, 992, COO
The prospect Of marked improvement
during the next three months is not
Notwithstanding the high income
Yields now offered, investors are in
clined TO hold alOof They are still un-
easy over prospective tariff reductions
affecting Industrial capital and they
can no. view with equanimity the per
sistent continuous and costly attacks
upon the railroads.
March Showing Better.
Las months showing compares fairly
well with a year ago, the hotatiOns haV-
IuE aggregated Sl4S,529 600, or only ST.
B. 00U below March, 1912.
BIT this total includes one S63 600 ,000
abroad bond Offering which could not
be Indefinitely postponed and which was
not eagerly absorbed by investors de
spite an attractive convertible feature.
The now familiar eXpedienJ of selling
notes running for two or three years
was res1rted 10 rather freely. Railroads
pat out $4,000, 600 more than last year,
While Industrial note issues were far in
qacess OF the combined sales Of bonds
and stocks.
90 This is not a. healthy sign.
Flood TO Force Issues.
The Hood damage viii hasten the iiOta-
gyn Of 4ew capital irrespective of the
needy corporations win unquestio bly,
be 0Ier9us, and the effect win not be
BENEFICIAL 10 outstanding obligations.
There Is a growing feeling. however,
Nat The railroads will have a more
friendly reception when next thew ask
remission to replenish their treasures
~ charging higher rates for carrying
= 'ertd4n classes Of commodities
II .s believed that the Interstate Com
cree Commission will not shut its eyes
81 70 -A" conditions thut have been brought
5''iI uE increases IN wages, the en-
,Feement uf costly new laws and the
q price paid for capital.
temporarily, railroad earnings Will
.l7er also from the interruption to traf-
ani the extraordinary expenditures
als6a by the floods.
Offerings in Prospect.
ne Pennsylvania Railroad and New
JOYS. central Will shortly have To face
cav financing. The New York and
I0asiFn subway schemes will also in
4'e huge security offerings in the near
lA pans may call for the purchase Of
NE SlE5,e0O0 600 Southern Pacific stock
l-id oy the Union Pacific Other rail-
gsls VIII be in the market for varying
Saoupts
A siqp has been put to the launching
grossly watered industrial enter
t.sfs Some Of the fiotations of the
- .Eo y ears have proved scandalOuS
omlses have not only been falsified,
y. DOSING back. prospectuses contained
.a.e HuoWu TO be cruelty misleading
NE proper authorities might do we'll
investigate certain fiOtations and see
1.e,heL criminal responsibility could
-'e De- fastened upon the guilty individ-
Swlnders Hurt Business.
et. SWndle palmed off upon the
..... hurts legitimate investments for
-- '4frr ~ a bad security is not easily
latr5 upon 90 part with his next pot
-sa'lngs for good securities
tAe investment demand in America
80 1e periodically affected this year
enormous applications for capital in
80 Government loans will absorb
.2ss than SsO0. 900 600 The war bill
s-L unpaid However. approximately
billion dollars. il IS estimated,
80 oeen boarded abroad. and the re-
l-.s money will 90 far 10 absorb
-- ending war issues.
7s.ols seldom have such oppOrtu-
' a, they now enjoy of renting their
az high rates. Securities may
.'Wer-although this Is not GER
Il can be stated with all con-
rs57 mat purchases can be made
,S can not fail TO prove profitable
" reasonable period.