The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1915-10-01
Business and Finance

would be to European consumers
Thus it is emphatically pointed ou
in the financial district that while il
is Great Britain and France which are
seeking to borrow, it is the United
States which will receive the benefits
to be made out of the money (credit)
loaned. The transaction is not and
does not represent sentiment on one
side or the other, but must be con-
sldered strictly as a business enter
prise fully justified by the circum-
stances and essential from every
standpoint. 1t cannot be considered
as "war loan," for by the terms of
the contract none of the credits are
to be applied to the purchase of war
munitions as such.
Stock Market.
The stock market, though exhibit
ing unusual strength in its leaders and
favorites, has failed to measure up to
the standards that were thought to
be easily within reach few months
ago. The war stocks have displayed
considerable activity, though in most
quarters it is felt that many of them
have already gone beyond the safety
zone, and that it would not be I'M
natural for them to suffer a violent
reaction. Then again, professional
market, such as at present, where the
public interest is largely CONSPICUOUS
by its absence, cannot be Judged by
the same principle as that which gov
ems buoyant market in which the
investing public are active partic-
pants. The tendency of the stock
market has therefore been that of
watchful waiting, professional oper-
atorss being inclined to suspend their
manipulations in view of the import
ant world influences that so complete
ly dominate the speculative situation.
1t is also true that Wall Street COM
houses considered as a whole
are enjoying very prosperous sea-
son. A steady business of between
100000 and 100000 shares each day
provides highly satisfactory amount
of profit from commissions. The i'm
portant point is that these commits
sions are distributed widely and are
not concentrated in the hands of
comparatively few large concerns, as
in the recent past The transactions
which in the aggregate are so large
are made up chiefly of comparatively
small amounts. There is no evidence
of the work of plungers, nor are the
professional traders on the Exhange
floor showing unusual activity. Thus
this business is distributed quite even
ly among the Stock Exchange houses
as a whole and is responsible for
degree of quiet prosperity in the fin-
ancial district that has not been ap-
parent for years.
The stocks of important motor
companies have been the leaders in
the upward movement during the past
week. The impression has been gain
ing ground that Europe's demand for
motor vehicles will be very greatly
increased, and that an enormous quan-
tity of American automobiles will be
necessary to fill these requirements.
The market has not been prohting
Uniformly by the favorable course
which has been taken by international |
matters in which we are now engag-
ID and this quite possibly for the rea-
'on that the investment attitude at
he moment is one of waiting This |
S not unnatural in view of the fact |
hat the largest issue of investment
securities ever made in this country |
S now under negotiation. On the |
,ther hand, speculation feels no such |
'estraint, and that has found an ont |