The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1915-12-03
Business and Finance
By W. s. cousins. Editor The American Banker

country have hardly been touched.
and with the exhaustion due to the
war, it is not thought likely that Rus
sian capital will be found to open the
mines and build railroads that are
needed. 1t is planned to get conces-
sions under agreement to spend large
sums in development work and to
finance these in the United States. In
this way a great market will be open
ed for machinery and mill products.
gOne of the bankers who will be active
Fly identified with the new corporation
said this week that the charter would
be drawn broadly enough to permit
the company to engage in almost any
business. When asked for his idea of
the possibilities, he said: "In brief.
we hope to go after the business
which this country do abroad and
bring it here. The United States has
figured little in construction work in
South America, Russia or the East.
That was because we ourselves were
borrowers of capital. Opportunity Of
fers now to get the trade that we
are capable of handling. The idea
will be successful if American invest
ors accustom themselves to foreign
investments. The money that is pour
ing in now from the belligerents be-
longs to them, in the sense that it
should be put to work doing what it
would have accomplished in other
fields but for the war"
The stock of the new company will
not be offered for public subscription
but will be confined strictly to its
original incorporators.
Stocks, Investments and Business.
The reports of diminishing sales on
the Stock Exchange is not an indica-
ton of decreasing public interest in
investments, but rather an evidence
that those who have surplus funds are
purchasing for permanent investment
and for dividends rather than for
transitory fluctuations in quotations.
They have learned to their sorrow.
moreover, that fluctuations have not al
ways been to their liking and that the
private balances have therefore been
decreasing instead of increasing. This
has been particularly true of the war
stocks which at first gave evidence
of establishing novel records in the
art of sky-rocketing, but which. in the
majority of cases, have failed to live
up to their expectations. Thus. while
the turnover of stocks has perceptibly
decreased, brokers report a steady in
crease in the number of new Gus
toners who are quietly and steadily
absorbing the standard investment
stocks; and this process is of much
more benefit to the technical position
of the market than the buying and
selling on narrow margins. The
tendency, therefore, continues to be a
shifting from the new favorites back
to the standard dividend industrials
and rails.
The steadily-increasing price of cop
per metal and the excellent rate of
production of some of our important
copper mines have brought into pro-
minence the shares of one of more
leading copper mines to degree that
has not obtained in many years. Cop
per metal was quoted at 1917 cents a
pound last week. and metal agencies
predict 20 cents this week. AS the
average cost of producing copper
metal by the large mines is from 8 to
10 cents per pound, some handsome
profits are being credited to the large
producers of the metal. Bankers and
financiers of large resources are plan
ming for extensive mergers and reor-
CARNATIONS in the productive copper
mines, and such operations will doubt