The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1915-10-08
.BusinesS and Finance

New York City. Oct. 2, 1915.

New York City, Oct. 2, 1915, i.
The successful flotation OF the
Allies loan and the aggressive cam
paign of the French and British arm
les in the western theatre of war have
been held responsible for tremend-
Gus demand for securities on the New
York Stock Exchange. Trading on
the opening days of the week reached
record proportions, for the equivalent
of which it is necessary to look back
four years. Not since September OF
1911 have we any record OF market
conditions such as prevailed on Tues
day of this week, when the stock tran
actions reached the enormous total of
100000 shares, in addition to bond
sales of more than $6,000,0O0. The
market has been particularly partial to
the "war stocks" and it has not been
unusual for some of the favored issues
to rise from to Is points in single
session. The financial district is filled
with rumors of projected or expected
organizations, reorganiZations and
consultations, giving a fantastic valu-
alton to securities that have hitherto
been of little or no significance, and
stimulating speculation to an unwar-
ranted degree. In many instances
these stocks have made good the pre-
dictions of their admirers, and have
delivered substantial reward to
those who have been wise enough
or lucky enough-to manipulate them
properly. Spectacular jumps in the
leading war stocks have this week at
tracted attention from the standard in
dustrial and railroad issues, while
heavy proht-taking has contributed
largely to the factors that would force
the market to lower levels.
There was no abatement of the en-
thusiasm of the bulls on Wednesday
and Thursday, and the official tabula-
ton makes the aggregate of stock
transactions, in the first four days OF
the week, over six million shares. Wall
Streets vision refuses to see anything
on the commercial horizon but that
which is to substantially add to the in
ternational prestige of the United
States, and therefore feels justified in
raising the valuation of the securities
which in reality are the evidence OF
her industrial activity. Not all wig
seek the financial markets do so for
momentary speculation, for vast
number, doubtless a majority, are
satisfied to place their surplus in legi-
innate enterprises which offer a rea-
sonable dividend.
1t is not to be inferred, moreover
that the attention of investors is en-
tirely absorbed in the stock market
Investment bankers report an increas-
ing demand for high grade bonds
Two evidences of the great ability Of
the American investor to absorb these
investment offerings is to be found
in the announcement of the syndicate
through which the latest issue of $45,.
100000 New York City bonds were
marketed to the effect that the bonds
had been taken; and in the rapid alb
sorption of all the American securities
that have been released from Europ.
can ownership. America, in fact, ha:
convinced the world that she has
reached her financial majority, anC
that in future she will be much less
dependent upon the financial re.
sources of foreign investors.
Investment bankers also report thai
the market for outstanding United
States Government issues in no way
reflects, as yet, any influence due tc
the probable issuance of new u. S
bonds. 1t is the merest speculation a:
to the actual time when the Admins