The Alaska daily empire., 1915-07-23
AMERICAN SECURITIES COMING BACK

As was predicted would be the case the American balances In London and Paris being hqudated by the sale of foreign owned American securities in the United states Our stocks and bonds coming back. and are being taken up by our Late dispatch es say that practically every steamship that sails from Europe is bringing back home American stocks and bonds and other securities values that inti mil lions Some Of these deliveries for sales that have been made on the stock exchange but the most of them have been or are to be sold at private sale through New York Boston and Philadelphia banks and other banks further west Stin other millions of our securi ties are being sold for future delivery
 Yet. in spite of these sales the American balances in Europe are growing and with the growth exchange is becoming lower rather than higher in this country The result must be even greater shipments Of seeur ties across the Atlantic the United States In all Of these sales the American purchasers are getting the advantage of the low rate of European exchange It has been estimated that the American investors are buying these American securities at prices approx' natey eight per cent lower than prices at which they were sold to Europe That means that there has been an American profit of sSoooOoo on every s1oo- ooOOoo repurcbased In addition this they are being paid for in war supplies and these being made at
 handsome profit to both the makers and the produc- CTS of the material of which they made.
 It is claimed also in spite of these great purchases es. thanks to the expansive possibilities of the new can currency and banking system that the obiitg of the American banks to carry credits has not been im- paired by these purchases will it be impaired by the heavier purchases that confidently expected There remains and will continue to remain credit capacity to care for all legitimate American trade both domestic and foreign and absorb an good American issues of stocks and bonds The recent ready sale of
 half dozen large issues of Alaskan mine stocks and bonds and the recent assurance Of Eastern banker that his firm is ready to provide the funds for the de- veopment and operation of proved gold find in this section are confrmatory of the soundness of this claim
 This repurchase of American securities must be fol- lowed soon by as great or greater purchases of foreign securities When the war shall have come to an end. and the countries of Europe shall have themselves about the task of rehabniating their wrecked coun- tries there will be great bond issues of Nations pro vinces municipalities and private corporations In or der to secure the trade that the expenditure of these loans means it will be necessary for Americans to tend credit iberay After the peace terms shall have been determined there will be little uncertainty about credits and good and safe investments win be offered
 All of this is building for the future well as the present Every one of these purchases of American se eur,es means that dividends or interest will stay at home instead of going abroad Every purchase of bonds or other evidences of indebtedness of foreign govern ment or municipality or corporation means the payment of interest or dividends b foreigners to Americans in the future and the final liquidation in gold or its euiyalent of the principal
 These are some of the reasons why it may be con ndenry predicted that the fast approaching prosperity in the United States will be enduring.