The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1919-04-25
.,y York. April 10, 1919.

New York, April ~. 1917.
.:nat;op of the stockholders
~ number OF the prominent
lists ian industrial enterprises re-
Ane tha fact that during the past
veals .hare has been pronounced move.
year IS their shares from brokers and
mens ~ into the hands OF gen
pfo,eo I've stors Realizing that the
EZRA. Lar will bring some boundless
mex. .yyu;t;es for the profitable invest
.,ent of American capital. the peopie
, ,ubo have carefully husbandeo tneiI
vasources through the war perioo
haye been keenly selecting their IN
na with a view to sharing IN
,he coming prosperity. Just at pres
~. the choice seems to fali upon the
en- eandi,str;al motor and shipping stocks,
,,;th petroleum issues following
n J. and railroad shares marking
UNI morbtIess the favorable impression
.~aated nv the announcement OF Sec
ei i.arv Glass concerning the Victory
IN has been an important factor in
- development of the bull market,
H.. of far more potency has been the
o;.ration at the peace conference and
- Growing conviction that the first
dav Of NAV will see most Of the OBJ
o.ayc,es TO complete international har-
monv completely removed. There is
strong feeling, both here and in
Enoland that a new era Of finance
nd industry will be ushered in on
he completion of the peace treaty
VA aad he speculative district is con-
',nced that one of the first reflections
of This feeling will be an enormous
Increase in the demand-for stock and
honds from investors in this country
II Is known that several European
countries will press the matter ol
fresh credits here as soon as the
oeace details have been arranged and
the Victory Loan out OF the way
South American countries are report
ed to be anxious to expand their pur
chases here as soon as shipping facil
tiles are available to an adequate ex
tent and shipping stocks seem to b
rejecting the anticipations of largely
increased freight movements ant
good earnings in the near future.
Victory Loan
Financial experts are quite general
" of the opinion that Secretary GlaS
has skilfully avoided many of the dan
gers which inevitably lay in his path
way in announcing the terms for tn
Victory Loan, and that his proposal
are calculated to close the Libert
Loan series as successfully and a
brilliantly as it began. Most OF tn
inducements for an attractive publ
investment had been used up in tn
four preceding loans, but the Victor
Loan is not lacking in the best ele
ments of an excellent investment
while at the same time of such charat
ter that little need be feared of mai
ket depression of the outstanding wa
bond issues.
In placing the loan at four and
half billions, with no acceptance {
, any oversubscription, Mr. Glass ha
furnished the chief surprise a mo!
agreeable one for those who had bee
confidently predicting a six of seve
billion dollar loan. OF course, it
not to be expected that further loar
will not be forthcoming, for II
amount of the Victory Loan will t
less, BY one billion dollars, than II
treasury certificates outstanding B,
the country is given the assurance tn
further campaigns will be unnece
sary, and that will serve for the tin
being Probably the treasury depar
ment has in mind some plan for Il
utilization of the ten billion doll
credit which this country has with
European allies for value received
and it will, in fact, be entirely with
reason to expect some payments {
account, either in money or commo
lilies during the current year.
The rates of AZ per cent and 3