The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1916-03-24
Business and Finances
New York. March l8, 1916.

The Stock Market has placed the
most favorable construction upon the
recent developments i'll the Mexican
situation, and sees, in the present pol
icy of the American and Carranzista
governments. the most acceptable
and effective remedy for the lawless
condition which for many years has
been a perpetual annoyance in the
border territory. 1t is current opin-
ion that the recent savage outbreak
of Villa and his outlaws means the
signing of the death warrant of the
worst of the Villa gang, and that af-
ter they have been eliminated, life
and property in the Mexican country
will be on more substantial basis
of protection. These things will of
course not be accomplished without
severe struggle, which may be pro-
longed we'll beyond the expectation OF
many people who are unduly optimis-
tic as to the speedy solution of the
Mexican problem; but the answer OF
the stock market is that steps have
been inaugurated which will eventu-
ally safeguard the property interests
of country exceedingly rich in unde-
veloped natural resources, and that
present and prospective investments
in the troublesome republic south OF
the Rio Grande should in future con-
tain less of the elements of risk than
they have in the past. Many prof.
table oil wells and mines have been
entirely unproductive, because of the
fact that it has been impossible to
secure sufficient workmen to operate
them. With the danger to human life
removed, men who have been spend
ing their time in guarding their
homes may in the near future devote
their energies 70 productive labor.
In anticipation of this most desirable
condition the value of many indus
trial stocks based on owenship OF
Mexican properties has risen appre
ciably in recent days. Whether this
appreciation is we'll founded remains
to be seen.
In other quarters. those who have
been partial to the war stocks" pro-
TESS to see in the present movement an
increased demand for munitions, the
ultimate sequel being a grand cam
paign for preparedness which will call
for billions of dollars worth of NUM-
tons, and provide new occupations for
many of the industrial plants which.
because of the falling off in the de-
mand for munitions from the Euro
pean fighting nations, would be com.
PEELED to undergo many changes in
order to change the character of their
output
With the coming of higher prices
comes also the return of public IN
terest in the stock market. Perhaps
it would Be more correct to say that
the return of public interest :. is the
explanation for the tendency to high
er prices. At any rate. this week has
marked the resumption of million
share days on the Stock Exchange
the sales on Tuesday exceeding thai
amount by 100000 shares. This j:
the first day since, January Sd thai
the million-share point has beer
passed. One prominent investment
banker, reviewing the situation thi.
week, Sid:
There seems to be persisten
confidence in higher prices eventual
ly. And, as has been frequently re
marked, the public which is in TIL
market on margin seems perfect.
we'll able to care for its accounts
Brokers report many instances where
when margin has been called for. tn
customer has voluntarily put III
double the amount. This would in
dictate that a considerable part Of tn
public is able to pay for its stock
outright. In this respect it become
associated in the capitalistic elias.
and il a large enough proportion o
the people holding stocks should tax
them out OF the market. this woul
break the long deadlock in prices an
allow the advance. which Is confident
" expected in the future, The goo
statements Of large earnings for las
year, which are now coming out, fey
Of which are at all disappointing an
many of which are beyond expects
tions, would further bolster IN tn
confidence OF the market margin holt
ers."
Fostering Trade With South Americ'
Last fall the United States was hof
ored by the presence of a number {
distinguished gentlemen from Sout
America who conferred at Washingto
with representatives of American bu
mess for the purpose of establishing
Pan-American business program tn;
would be far-reaching in its effect an
permanent in It's influence. The cor
ference was emanentlv successful.
least in the launching of the probe,
under contemplation. and the Soui
American delegates returned to the
homes under influence of an awakent
enthusiasm for the Pan-American pr
gram and with Il very high respect fl
the business men of the United State
In keeping with the program la
down by the delegates to the COME
ence referrd to above. a number =
distinguished American fnan':iers ar
business leaders are to return the cor
bliment by attending a SIMILAR COME
ence at Buenos Ayres in April II
Secretary Of the Treasury has r
garded this conference OF such II
portance to American business that
will attend in person rather than del
gate this important duty to
subordinate. Paul M. Warburg, dist
guished member OF the Federal R