The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1916-11-03

generally that Great Britain intend.
TO hold sterling steady and domesti,
interest rates, Ill so far as her Treas
ury can affect them, as low as posi-
Bile, IN order to be in position tc
maket another collateral loan O.
goodly proportions at fairly low rate
early in November. Sterling exchange
has, tor some tim past, been dull
with but fractional changes. A contin.
uance OF this state of affairs for the
time being will prove highly satisfac.
tory to European interests, who at the
moment wish no disturbing factor in.
Jected into the situation.
Such has been the activity in the
bond division of the Stock Exchange
that it has been impossible to record
and report these transactions until
the close OF the daily sessions, and for
this reason new service. devoted
sales, is about to be installed
The principal investment houses re-
port an Unsuitable demand for high
grade bonds of every variety, with an
astonishing advance in quotations
There is so much surplus money seek
ing employment that the investment
business is limited only by the supply
of good securities available for the
selling center.
Municipal bonds are in great favor
with investors; their exemption from
| the income and other taxes making
them highly desirable form of in
vestment. municipalities which a few
years ago were compelled to pay from
~ to 81 per cent for the use of
investors money may now secure it
at a rental" of 4 per cent or less.
On November seventh total of 163
municipal bond issues, involving a
total of $50. 1000, will be submitted
to the voters for approval. Dividends
and interest disbursements next
month will amount to $154,425, 1893.
This is new high record for this
particular period, and compares with
SLAB, O69, 6o5 in November a year ago.
One hundred and thirty-seven compa-
MES will distribute among stockhold
ers the sum of $o2,225, 1893, an in
crease of S., l56,705. The returns are
featured by number of initial divi-
dends and also increases the extras,
the same as for many months past
The grand total of dividends is based
on disbursements to be made by
ninetyfour industrial and miscella-
neous companies, twenty-five steam
railroads and twenty-one street rail-
ways. Interest payments will reach
total of approximately $9l, 100000,
against $85,000O00 a year ago. As
might naturally be supposed, the in
crease is due to new bond and note
issues.
A summary of the November divi-
dends, with comparisons, as compiled
by the Journal of Commerce, follows:
1916 1915
Railroads ..$25, 1886 $24,665, 1888
Industrials 10000. 33,066,7S6 2S,767,245
Street railways 5,O23714 4636,265
Total -..,...-..$63, 225, 1893 $5S,O68, 6o3
Cost of Living.
The tremendous increase in the
cost of living, combined with the pre-
vailing unrest in the labor field, offers
a problem of the largest magnitude
for American business. Bredstreet's
index figures illustrate this rise more
focibly than any ordinary comparison.
The following figures represent the
average prices of four groups of food
stuffs:
Aug. |, 10 Oct. l, is
Bread .--.--...$0144 SOLO $0.103
Livestock $50 .492 .473 .421
Provisions :. 2844 2596 2.2O1
Fruits .. 1928 .287 100
The price of beef is now 80 per cent
higher than it was eight months ago;
pork has advanced 60 per cent Cash
wheat in New York thus far in Octo-
Der has been quoted above $1o0
bushel. 1t was $11o as recently as in
June. 1t was SO cents just before the
outbreak of the war On only two
notable occasions of the past 100 years
has wheat for any length of time been
at higher level In the years at
tending and succeeding Napoleon's
late campaigns and attending and
succeeding our own Civil War, the
world knew a higher price than that
now currept and know II for an ox