Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Some Dangerous Stocks.

70 IC41 bAhAHAS.
Some Dangerous Stocks.
Dangerous railroad stocks in
clude New York Central, New
Haven, Rock Island and Chesa-
peake and Ohio
Industrial issues greatly affected by
tariff reductions should be avoided by
investors, although spectators may
earn profits by selecting stocks which
have had severe declines,
Despite the price-CEtting in steel
products in Germany and here, re-
iecting the halt in business expan-
sion, influential interests In the
United States Steel Corporation are
talking 0ptimistically about the com
mon shares. ] have heard whispers
that the corporation has q few sur
prises in store for certain Washing
ton gentlemen who were so eager for
q prosecution. The politicians having
mad their innings the company SO the
story runs, intends to have its turn.
Copper is a Gamble.
The copper boom continues. II may
20 much further before the inevitable
crash comes. Copper shares are spec
ulations. IL may he well to remind
take risks.
America probably win import gold
from Europe
The principal central banks abroad
are well supplied with the metal, and
puieter trade VIII ease the pressure
fOr funds But the impending quar-
terlv settlements entail very heavy
Temporary demands and shipments Of
gold may be DELAYED until next month
Much nonsense Is talked and writ
ten about our command Of European
gold" We do not command European
cold Europe does not owe us money.
We are in Europe's debt 20 the eX-
sent of several billion dollars. DOM
forget that fact
In Debt to Europe.
Also we are getting deeper into Eu-
ropes debt every year.
Publication of our August foreign
trade returns, showing export bal
ances Of $50, OGn, 900 for the month aud
$3.50. 600, 900 for eight months. has en-
couraged the boastful assertions about
cur ability TO force gold from Euro
peans.
Against this surplus of merchan-
disc sales over purchases there must
be set what are called invisible
charges against us. running toward a
billion dollars annually
The volume of gold imports this
autumn is not likely to be abnormally
heavy
Financiers are disposed 10 accept
coming changes with good grace.
While talking cheerfully they are act
ing cautiously.
Everything Is Changed.
Said one very influential authority,
Even were the new tariff law all
right, still ii Is a new tariff law. II
means a change.
The new currency system may be
a good thing, but it means a change.
"The crop prospects were very fine
at one time. but now there has been
q change.
president Wilson has kept the
Democrats in line remarkably well.
But. in looking ahead, don't forget
that Senators now are influenced by
the popular election innovs ton. This,
too, is probably all right believe II
will prove a good thing-hut 1t will
mean, to say the least, less conserva
tism Here, also, you see. we are
confronted with a change.
Next month win have TO bear the
disturbances Incidental to ushering in
new tariff schedules. An enormous
mass Of goods viii be freed lmme
diately from bond and VIII give an
appearance Of activity 10 trade.
Railroad receipts which keep uu
wonderfully. VIII be temporarily IN
fated and general sentiment may sud
denly become eNUheraut but il is not
likely to last. The best thar can be
expected during the remainder Of 1918
Is read justmeut to new conditions in
preparation for broad forward
movement next year